Royal Dutch Shell Group is an Integrated oil company. The Royal Dutch/Shell Group of Companies consists of the upstream businesses of Exploration & Production and Gas & Power and the downstream businesses of Oil Products and Chemicals. It also has interests in other industry segments such as Renewables and Hydrogen.

            Red = 25 day moving average.           Green = 200 day moving average.

StockMarketWire.com
Royal Dutch Shell's income attributable to shareholders surged from $1.5 billion to $4 billion in the third quarter, a year-on-year increase of 197%.

Earnings increased from $1.4 billion to $3.7 billion, a rise of 155%, which the company said reflected higher contributions from Downstream, Upstream and Integrated Gas.

Earnings benefited mainly from stronger refining and chemicals industry conditions, increased oil and gas prices and higher production from new fields, which offset the impact of field declines and divestments.

Cash flow from operating activities was $7.6 billion, included negative working capital movements of $2.5 billion, mainly due to increases in inventory value and current receivables, compared with favourable working capital movements of $0.7 billion in the third quarter 2016.

Excluding working capital effects, cash flow from operations was $10.1 billion.

Royal Dutch Shell chief executive officer Ben van Beurden said Shell's three businesses all made resilient contributions to a "strong set of results".

Upstream generated almost half of the $10 billion cash flow from operations excluding working capital this quarter, at an average Brent oil price of $52 per barrel.

This was complemented by good cash contributions from the company's growing Integrated Gas business and from Downstream.

"This competitive performance is further evidence of Shell's growing momentum, and strengthens my firm belief that our strategy is working," said van Beurden.

StockMarketWire.com
Royal Dutch Shell's net earnings attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, rose by 42% to $5.322 billion in the first quarter.

Royal Dutch Shell chief executive officer Ben van Beurden said strong earnings were underpinned by higher oil and gas prices, the continued growth of the integrated gas business, and improved profitability in the upstream business.

Less favourable refining market conditions and lower contributions from trading impacted the earnings of the downstream business.

The dividend per share has been held at $0.47.

HSBC today reaffirms its hold investment rating on Royal Dutch Shell (LON:RDSA) and raised its price target to 2750p (from 2635p).