Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell plc    RDSA   GB00B03MLX29

ROYAL DUTCH SHELL PLC

(RDSA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Shell 3Q Earnings Came Ahead of Market Consensus -- Earnings Review

10/29/2020 | 05:33am EST

By Jaime Llinares Taboada

Royal Dutch Shell PLC reported results for the third quarter on Thursday. Here's what you need to know:

NET PROFIT: The Anglo-Dutch energy giant posted a net profit of $489 million for the three months to Sept. 30, narrowing significantly from $5.88 billion a year earlier. However, the company's bottom-line performance beat the market consensus of a $722 million loss, taken from FactSet and based on five analysts' forecasts.

CCS EARNINGS EXCLUDING IDENTIFIED ITEMS: The adjusted profit on a current cost of supply basis--a figure similar to the net income that U.S. oil companies report, but strips out exceptional items--came in at $955 million. This was also above market expectations of $146 million, taken from Vara Research and based on 26 analyst estimates. Canadian bank RBC Capital Markets highlighted strong performances from the integrated gas and marketing segments.

WHAT WE WATCHED:

--UPSTREAM: Shell's upstream division--which explores, produces, markets and transports hydrocarbons--booked a net loss of $1.11 billion, reflecting weak prices and lower production. In addition, the $884 million adjusted loss was worse than the market consensus of a $415 million loss, taken from Vara Research and based on 22 analysts' forecasts.

--COSTS: Shell reduced underlying operating expenses by $3.04 billion in the nine months to Sept. 30, whereas capital expenditure totaled $12.3 billion during the January-September period. This puts the company on track to comfortably meet its 2020 targets of slashing operating costs by between $3 billion and $4 billion, and keeping capex below $20 billion. "Our decisive actions taken earlier in the year have solidified our operational and cash delivery," Chief Executive Ben van Beurden said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

10-29-20 0632ET

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.58% 62.81 Delayed Quote.26.44%
ROYAL DUTCH SHELL PLC 0.05% 17.24 Real-time Quote.17.97%
WTI 0.74% 59.75 Delayed Quote.29.66%
All news about ROYAL DUTCH SHELL PLC
05:10pUtilities Edge lower Amid Defensive Bias -- Utilities Roundup
DJ
11:51aROYAL KPN N.V. PRESS RELEASE  : Publication of KPN's AGM agenda
DJ
08:00aAS ASIA LNG PRICE RETREATS, CHINA ST : Russell
RE
06:41aEUROIL : European refining developments
AQ
06:00aDeals of the day-Mergers and acquisitions
RE
12:41aAS ASIA LNG PRICE RETREATS, CHINA ST : Russell
RE
03/01Energy leaders grapple with climate targets at virtual CERAWeek
RE
03/01Oil executives expect crude demand to climb, even as renewables are in vogue
RE
03/01CERAWEEK-Oil executives expect crude demand to climb, even as renewables are ..
RE
03/01UNITED CONTINENTAL  : Return of business travel, sustainable fuels expected in a..
RE
More news
Financials (USD)
Sales 2020 210 B - -
Net income 2020 -14 278 M - -
Net Debt 2020 73 924 M - -
P/E ratio 2020 -8,89x
Yield 2020 3,24%
Capitalization 158 B 157 B -
EV / Sales 2020 1,10x
EV / Sales 2021 0,90x
Nbr of Employees 83 000
Free-Float 99,8%
Chart ROYAL DUTCH SHELL PLC
Duration : Period :
Royal Dutch Shell plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROYAL DUTCH SHELL PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 23,22 $
Last Close Price 20,83 $
Spread / Highest target 62,6%
Spread / Average Target 11,5%
Spread / Lowest Target -40,1%
EPS Revisions
Managers and Directors
NameTitle
Bernardus Cornelis Adriana Margriet van Beurden Chief Executive Officer & Executive Director
Jessica Rodgers Uhl Chief Financial Officer & Director
Charles Otis Holliday Chairman
Harry Brekelmans Director-Technology & Projects
Linda Gillespie Stuntz Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL PLC17.97%157 111
SAUDI ARABIAN OIL COMPANY-1.57%1 838 677
TOTAL SE10.01%122 958
PETROCHINA COMPANY LIMITED13.33%117 079
GAZPROM4.96%70 582
PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY25.00%66 973