Royal Dutch Shell Plc : Q2 results above expectations – Neutral rating maintained pending the strategy presentation
>Q2Â 2020 results in the black thanks to trading - The Q2 adjusted net profit came in at $Â 637m, beating our expectations and the consensus (ODDO BHF -$Â 590m; consensus: -$Â 674m) in a very tough environment, thanks to trading gains.IG still holding up well, Upstream under pressure, production set to drop in Q3 - In IG, the result is in line with expectations but is set to decline in Q3, impacted chiefly by the price effect, which falls with a lag of 3 ...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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