Royal Dutch Shell Plc : Q2 earnings and cash generation disappointing but share buyback launch provides solace
>Q2 2018 earnings much lower than expected - Adjusted attributable net profit in Q2 totalled $Â 4.691bn, -13% q-o-q/+30% y-o-y, i.e. -25%/-21.4% short of our expectations and those of the consensus in Downstream and to a lesser extent in Upstream: CCFO before change in the WCR matched expectations at $ 11.6bn.Slight disappointment upstream, Integrated Gas in line - In the Upstream segment, profits came to $ 1.457bn, -6% qoq/+330% yoy, and 27% short o...Royal Dutch Shell is a holding company. Through its subsidiaries, Co. is engaged in the oil and gas industry. Co. reports its business through four segments: Integrated Gas, which engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products; Upstream, which engaged in the exploration for and extraction of crude oil, natural gas and natural gas liquids; Downstream, which engaged in oil products and chemicals manufacturing and marketing activities; and Corporate, which comprising Co.'s holdings and treasury organisation, its self-insurance activities and its headquarters and central functions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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