Report
Ahmed Ben Salem ...
  • Yassine Batini

Royal Dutch Shell Plc : Q3 2018 results almost in line and the cash generation forecast is materialising

>Q3 results in line with our expectations, 2.5% below the consensus - Adjusted net profit came to $ 5.624bn +20% q-o-q/+37% y-o-y, exactly in line with our expectations and 2.5% shy of the consensus. CFFO excl. changes in WCR created a pleasant surprise and totalled $ 14.7bn (+27% q-o-q).Upstream in line, IG solid despite the impact of maintenance - Earnings for the upstream division totalled $ 1.886bn, 29% q-o-q/+236% y-o-y, and 2% ahead of expectati...
Underlying
Royal Dutch Shell Plc Class A

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ben Salem

Yassine Batini

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