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.

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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).