Friday 23 August 2019

Oil giant Shell’s Q3 earnings top all forecasts

Part of the massive Pernis refinery. Photo: Shell Media Library

The Hague-based energy giant Royal Dutch/Shell reported third-quarter net profit 47% higher year-on-year at €$4.1bn, The earnings figure was higher than the $3.6bn forecast by a Bloomberg poll, the Financieele Dagblad said on Thursday.

However, Shell’s vital cash flow fell by more than $3bn in the three-month period. The cash flow is important because Shell uses it to fund its dividend and investments.

Shell shareholders are attracted to the Anglo-Dutch group because of its relatively high dividend payment. Last year, Shell was forced to borrow to continue the dividend payments (about $3bn) and investments ($5bn).

Shell is now selling off activities valued at about $30bn and financial director Jessica Uhl says Shell is on schedule, having sold off operations worth $20bn so far. has been free for 12 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
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