Royal Dutch Shell Plc : Solid Q3 results, promise of better returns to shareholders but too soon to return to the stock
>Q3 2020 results: much better than expected - Adjusted attributable net profit came to $ 1bn in Q3, 160% higher than we expected and 6x higher than the consensus in a challenging environment. The group announced a 4% annual increase in the dividend after cutting it 66% in Q1.IG solid, upstream under pressure but better outlook for Q4 - In the integrated gas business, earnings came to $ 768m, ahead of forecasts (consensus: $ 218m) but down 71% y-o-y ...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.
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