Report
Thijs Berkelder

Shell Plc : Integrated Gas is back alive with stellar performance

>Q4 adjusted earnings $ 6.4bn vs. $ 5.2bn consensus - Earnings. Shell’s Q4 adjusted earnings have come in at $ 6,391m, well above the $ 5,224m Vara consensus estimate. Looking at the breakdown by segment it especially was Integrated Gas coming in at $ 4,052m (consensus $ 2,823m) which made the difference this quarter. But also Upstream was better than expected at $ 2,832m (consensus $ 2,565m), while Oil Products $ 555m (consensus $ 818m) and Chemicals minus $ 42m (con...
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.

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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
Thijs Berkelder

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