Share Name Share Symbol Market Type Share ISIN Share Description
Royal Dutch Shell A LSE:RDSA London Ordinary Share GB00B03MLX29 'A' ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -0.04% 2,330.00p 2,330.50p 2,331.00p 2,352.00p 2,322.50p 2,326.50p 7,449,558 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 189,165.5 4,539.8 47.0 53.2 105,884.86

Shell A Share Discussion Threads

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DateSubjectAuthorDiscuss
20/11/2017
21:41
Trend.Az Home Business Oil&Gas Shell eyes oil and gas projects in Kazakhstan 17 November 2017 14:39 (UTC+04:00) 2 Baku, Azerbaijan, Nov.17 By Nigar Guliyeva – Trend NEWS AGENCY Kazakh President Nursultan Nazarbayev met with Royal Dutch Shell PLC delegation headed by CEO Ben van Beurden, the press service of the president reported. The sides discussed current issues and prospects for cooperation in the oil and gas sector of the country, including the further development of the Karachaganak and Kashagan projects. Berden recalled that on Nov.18, 20 years will pass from the signing of the Production Sharing Agreement on these fields. "These projects turned out to be very good and effective. All expenses were repaid on time, and now the projects are working for profit," Nazarbayev responded in turn. Kazakh Prime Minister, Bakytzhan Sagintayev also met with the Royal Dutch Shell PLC delegation. The sides discussed the issues of the cooperation and the implementation of the joint oil and gas industry projects in Kazakhstan. Shell is a global group of energy and petrochemical companies. Shell, a British-Dutch multinational oil and gas company, is one of the parties to the North Caspian Production Sharing Agreement signed on 18th November 1997. Kazakhstan, holding 3 percent of the world's oil reserves, is among the top 15 countries in the world in terms of proven oil reserves. Oil and gas bearing areas occupy 62 percent of the country's territory, and have 172 oil fields, of which more than 80 are under development. More than 90 percent of the oil reserves are concentrated in the 15 largest fields. The fields are located on the territory of six of the fourteen regions of Kazakhstan. These are the Aktyubinsk, Atyrau, West Kazakhstan, Karaganda, Kyzylorda and Mangistau regions. About 70 percent of hydrocarbon reserves are concentrated in the west of Kazakhstan.
grupo guitarlumber
19/11/2017
13:28
Https://seekingalpha.com/article/4126203-battle-dawn-part-2-rebalancing-north-american-natural-gas-super-glut
sarkasm
17/11/2017
10:21
Stocks: Oslo Reviews Oil Holdings -- WSJ 17/11/2017 8:02am Dow Jones News Shell A (LSE:RDSA) Intraday Stock Chart Today : Friday 17 November 2017 Click Here for more Shell A Charts. By Dominic Chopping This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (November 17, 2017). Norway's sovereign-wealth fund said on Thursday it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager. The Norwegian central bank, which uses the fund to invest the proceeds of the country's oil industry, said that investing money back into the energy sector amplifies the government's exposure to the price of crude, particularly given the country's majority stake in Statoil ASA. Oil and gas equities currently account for around 6% of the Government Pension Fund Global's benchmark index, or just more than 300 billion Norwegian kroner ($36.49 billion). The Stoxx Europe 600 Oil & Gas index drifted lower on the news of the potential divestment. Shares in Statoil fell by as much as 1%. The fund owns large stakes in most of the world's major oil companies, including a 0.92% stake in Chevron Corp., a 0.82% stake in Exxon Mobil Corp., 1.65% in BP PLC and 2.23% in Royal Dutch Shell PLC as of the end of 2016. "An orderly divestment process over a period of time won't significantly impact share prices," said Jefferies analyst Jason Gammel. Norges Bank, the central bank, made the proposal to Norway's Ministry of Finance on Thursday, saying that, given its size, the fund accounts for an increasingly large share of the nation's wealth and is an integral part of government fiscal policy. That means that the vulnerability of government wealth to a permanent drop in oil and gas prices would be reduced if the fund pulled out of the stocks in that sector, Norges Bank said. Two years of weaker oil prices has cut into the income of many of the world's largest sovereign-wealth funds, which are in largely resource-dependent countries like Saudi Arabia and Kuwait. The Ministry of Finance said the government aims to make a decision in the fall of 2018. A bank official said that the advice doesn't reflect a view on future oil and gas prices. Norway's fund was established to harness the country's oil and gas income while also giving the government room for maneuver in fiscal policy should oil prices drop, the mainland economy contract and as its oil eventually runs out. In September, the fund value reached $1 trillion for the first time after being boosted as the world's major currencies strengthened against the U.S. dollar, combined with strong equity markets. While the fund's latest proposal was based on concern about overexposure to oil, the fund has been steadily pulling out of mining companies and power producers that derive large portions of income from thermal coal. Other large investors have launched products that don't invest in fossil fuels. In April, Storebrand, Norway's largest private-pension fund, said it had launched two new fossil-free funds. Several U.K. pension plans have funds that don't invest in the sector. In 2014, Stanford University said it wouldn't invest in coal-mining companies, and under pressure from environmental activists other U.S. endowment funds have debated whether they should pull out of fossil fuel investments. On Thursday, Storebrand said in a release that Norge Bank's move should encourage other funds to pressure "oil and gas companies to revisit their investment plans and operations in the transition to a low carbon economy. " Mr. Gammel, though, said he didn't expect to see a flight of money from the sector. Sarah Kent contributed to this article. Write to Dominic Chopping at dominic.chopping@wsj.com (END) Dow Jones Newswires November 17, 2017 02:47 ET (07:47 GMT)
maywillow
16/11/2017
16:34
Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks -- 2nd Update 16/11/2017 4:27pm Dow Jones News Shell A (LSE:RDSA) Intraday Stock Chart Today : Thursday 16 November 2017 Click Here for more Shell A Charts. By Dominic Chopping Norway's sovereign-wealth fund said on Thursday it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager. The Norwegian central bank, which uses the fund to invest the proceeds of the country's oil industry, said that investing money back into the energy sector amplifies the government's exposure to the price of crude, particularly given the country's majority stake in Statoil ASA. Oil and gas equities currently account for around 6% of the Government Pension Fund Global's benchmark index, or just more than 300 billion Norwegian kroner ($36.49 billion). The Stoxx Europe 600 Oil & Gas index drifted lower on the news of the potential divestment, before recovering. Shares in Statoil fell by as much as 1%. The fund also owns large stakes in most of the world's oil majors, including a 0.92% stake in Chevron Corp., a 0.82% stake in Exxon Mobil Corp., 1.65% in BP PLC and 2.23% in Royal Dutch Shell PLC as of the end of 2016. "An orderly divestment process over a period of time won't significantly impact share prices," said Jefferies analyst Jason Gammel. Norges Bank, the central bank, made the proposal to Norway's Ministry of Finance on Thursday, saying that, given its size, the fund accounts for an increasingly large share of the nation's wealth and is an integral part of government fiscal policy. That means that the vulnerability of government wealth to a permanent drop in oil and gas prices would be reduced if the fund pulled out of the stocks in that sector, Norges Bank said. The Ministry of Finance said the government aims to make a decision in the fall of 2018. Two years of weaker oil prices has cut into the income of many of the world's largest sovereign-wealth funds, which are in largely resource-dependent countries like Saudi Arabia and Kuwait. A bank official said that the advice doesn't reflect a view on future oil and gas prices. Norway's fund was established to harness the country's oil and gas income while also giving the government room for maneuver in fiscal policy should oil prices drop, the mainland economy contract and as its oil eventually runs out. In September, the fund value reached $1 trillion for the first time after being boosted as the world's major currencies strengthened against the U.S. dollar, combined with strong equity markets. Stock markets have set record after record in 2017, powered in large part by a revival in U.S. corporate earnings. While the fund's latest proposal was based on concern about overexposure to oil, the fund has been steadily pulling out of mining companies and power producers that derive large portions of income from thermal coal. Other large investors have launched products that don't invest in fossil fuels. In April, Storebrand, Norway's largest private-pension fund, said it had launched two new fossil-free funds. Several U.K. pension schemes have funds which don't invest in the sector. In 2014, Stanford University said it wouldn't invest in coal-mining companies, and amid pressure from environmental activists other U.S. endowment funds have debated whether they should pull out of fossil fuel investments. On Thursday, Storebrand said in a release that Norge Bank's move should encourage other funds to pressure "oil and gas companies to revisit their investment plans and operations in the transition to a low carbon economy. " Mr. Gammel, though, said he didn't expect to see a flight of money from the sector. Sarah Kent contributed to this article. Write to Dominic Chopping at dominic.chopping@wsj.com (END) Dow Jones Newswires November 16, 2017 11:12 ET (16:12 GMT)
waldron
15/11/2017
06:09
US leads world in oil and gas production, IEA says 14 November 2017 From the section Business Share this with Facebook Share this with Twitter Share this with Messenger Share this with Email Share Image copyright AFP/Getty Image caption The US is expected to account for 80% of the increase in global oil supply to 2025. International energy markets are set for "major upheaval" as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency's annual energy forecast. It believes that global energy demand will rise 30% by 2040, driven by higher consumption in India. At the same time, the renewable energy sources will become more important. The IEA, which tracks the energy for 29 countries, said the US - once reliant on imports - is becoming the "undisputed global oil and gas leader". It expects the US to account for 80% of the increase in global oil supply to 2025, driven by increases in shale. Future energy: The technology allowing more oil extraction That will keep prices down and help make the US a net exporter of oil - in addition to gas - by the late 2020s. The US Energy Information Administration estimated that the US became the world's top petroleum and natural gas producer in 2012. The emergence of the US "represents a major upheaval for international market dynamics", said Dr Fatih Birol, IEA executive director. China changes US oil and gas output is projected to surpass that of any other country in history, due to "a remarkable ability to unlock new resources cost-effectively". The agency said renewable sources such as solar and wind are expected to meet 40% of the new demand. In the EU, renewable energy will represent 80% of new capacity. Growth in energy demand is half what it would have been without improvements to efficiency. In China, for instance, government focus on renewable energy has led energy demand to increase by an average of 2% annually since 2012, down from 8% between 2000 and 2012. China is still on track to have higher per-capita energy consumption than the EU by 2040, it added.
la forge
13/11/2017
13:47
BP CEO: Venezuela Is a Bigger Concern Than the Middle East for Oil Industry Venezuela is 'defying economic gravity,' BP CEO Bob Dudley says. 'That's a real wild card.' ByKinsey Grant Nov 13, 2017 8:25 AM EST Donald Trump Issues Updated Travel Ban BP plc (BP - Get Report) isn't as worried about the Middle East as some of its peers, CEO Bob Dudley said. Instead, the London-based oil company is most concerned about Venezuela as a geopolitical threat to the oil industry. "I think Venezuela is just defying economic gravity," Dudley told CNBC at the Abu Dhabi Petroleum Exhibition & Conference. "I think that's a real wild card." Venezuela is an OPEC nation and one of the world's largest oil producers. The country is currently mired in debt negotiations with foreign investors that began Monday. It's unclear if Venezuelan president Nicolas Maduro will succeed in the debt talks, which could increase the risk of a debt default for the country. Venezuela is looking to restructure roughly $60 billion in bonds. The country has struggled in refinancing, as U.S. banks are forbidden from buying new Venezuelan bonds due to sanctions imposed by the U.S. government. Many oil industry leaders have focused concern on the Middle East, where Saudi Arabia's and Iran's relationship has become increasingly delicate. BP stock dipped 0.7% to $40.01 in premarket trading Monday. Shares have gained 7.8% since the start of the year. More of What's Trending on TheStreet:
waldron
13/11/2017
13:19
Https://seekingalpha.com/article/4124125-shells-lng-strategy-great-complement-overall-operations
waldron
13/11/2017
09:43
Royal Dutch Shell PLC (RDSA.LN) said Monday that it is selling 71.6 million shares in Woodside Petroleum Ltd. (WPL.AU) for 31.10 Australian dollars ($23.78) a share, raising A$2.2 billion as it seeks to lower its debt mountain. Shell said it is selling the shares to two investment banks and expects the deal to be completed on Tuesday. Shell will own a 4.8% interest in Woodside after the sale, and it has agreed not to sell any more shares in the Australian oil company for at least 90 days thereafter. Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749 (END) Dow Jones Newswires November 13, 2017 03:40 ET (08:40 GMT)
waldron
11/11/2017
13:50
Https://www.usatoday.com/story/money/energy/2017/11/11/supermajors-shell-and-exxonmobil-square-off-top-spot-oil/843854001/ Supermajors Shell and ExxonMobil square off for the top spot in oil Irina Slav, Oilprice.com Published 8:00 a.m. ET Nov. 11, 2017 Pause 0:00 0:00 Fullscreen For the few women in oil, this site creates community Pink Petro has gotten support from large companies in the industry. Video provided by Newsy Newslook getty-row-of-oil-pumps_large.jpg (Photo: Getty Images) CONNECTTWEET 4 LINKEDINCOMMENTEMAILMORE Brent’s close to $65 a barrel and WTI is climbing closer and closer to $60 — and analysts are rushing to make bullish forecasts for the fourth quarter of the year. Big Oil is preparing for an even better three-month period than Q3, when all supermajors beat profit expectations. Two of them stand out: Exxon and Shell. It’s no secret that Shell has ambitions to overtake Exxon as the world’s number-one oil company in terms of value. It’s actually on track to beat Exxon on cash flow from operations for full 2017. The Anglo-Dutch company is also considering a share buyback at some point in the future as financial performance improves and the company gains confidence that it can cover dividend payouts with cash on hand. Meanwhile, Exxon, according to some analysts, is stretching itself thinner and thinner in order to keep its dividend payout ratio at 100 percent, as it has throughout the oil price crisis. The reliability of dividends is vital for oil supermajors since they’re the top reason investors favor the industry these days. Yet, the oil price crash created another vector for Big Oil’s dividend reliability in addition to oil prices, booked reserves, and production. This vector is diversification, as it’s becoming increasingly clear that even if Exxon doesn’t feel threatened by electric cars, they may have another threat to consider. There is also climate change legislation, which, if implemented without delays, will seriously undercut the demand for fuels that constitutes Big Oil’s main revenue stream. Right now, when it comes to diversification of revenue streams, Shell is a step ahead of Exxon. The Anglo-Dutch supermajor recently bought Europe’s biggest EV charging network, NewMotion. It also has plans to double its chemicals business size by 2025, betting big on shale gas. Part of its new planned capacity is a $10 billion petrochemicals complex in the Marcellus shale. More: Goldman Sachs report makes a very bullish case for commodities More: Production quotas in question: Is $60 oil too tempting for OPEC to cheat? More: Energy stock earnings: The remarkable recovery of big oil Shell’s ambitions don’t stop there. It will spend $1 billion annually on green energy projects until 2020, and plans to derive a fifth of its global fuel station sales from EV recharging and low-carbon fuels. That’s in addition to its shift to gas following the acquisition of BG Group two years ago. Meanwhile, Exxon is also spending $1 billion annually on cleaner energy projects, but its focus in predominantly on biofuels and on projects whose commercialization lies far in the future. It is pursuing its core business as it has for decades: expanding in the shale patch. It also recently entered Brazil’s deepwater offshore zone with a $1.2-billion bid for 10 oil blocks at an auction. At the same time, Exxon is growing its petrochemicals production capacity as well. The latest piece of news in this respect was the announcement of a major investment in a petrochemical complex in China. Exxon seems to be a strong believer that petrochemicals and diesel demand from heavy-duty machinery will completely offset any increase in EV adoption. In fact, Vice President Jeff Woodbury recently said Exxon had no problem with EVs, which, according to a company forecast, would only represent 6 percent of the global passenger car fleet in 2040. Exxon won’t have a problem even if gasoline demand ended some day, it will just produce more diesel, Woodbury said. Play Video Royal Dutch Shell reported a near 50 percent rise in quarterly profits, driven by strong refining, while solid cash generation underscored the oil and gas company has adapted well to a world of low oil price. Newslook However, research is happening in the field of electric trucks as well. Tesla is set to unveil its Semi later this month. Maritime vessels are switching to LNG. Nickel and cobalt demand is rising fast, indicating a rather bullish outlook for EVs, contrary to Exxon’s skepticism. In fact, Daimler, which showcased an electric truck at the end of October, believes we’re just two years away from electric trucks that can sell for the same price as diesel vehicles, thanks to the quick drop in battery prices. Can petrochemicals alone drive Exxon’s profits up in the near-to-long term? We’ll have to wait and see, but in the current industry context and global trends in energy demand, Shell’s bet on gas and EVs in addition to chemicals and oil seems a safer one than sticking to the core business. More: Follow USA TODAY Money and Tech on Facebook Oilprice.com is a USA TODAY content partner offering energy industry news and commentary. Its content is produced independently of USA TODAY.
grupo
10/11/2017
15:08
AFTER MANY YEARS WILL BARCLAYS FINALLY BE RIGHT BUT WHEN I ASK KICKING THE OIL CAN DOWN THE ROAD AGAIN OR WILL I GET TOMORROWS JAM TODAY ATLEAST THE DIVIDEND IS COMING SOON Home » Reports » Broker Ratings » Royal Dutch Shell Plc 16.7% Potential Upside Indicated by Barclays Capital broker ratings Royal Dutch Shell Plc 16.7% Potential Upside Indicated by Barclays Capital Posted by: Amilia Stone 10th November 2017 Royal Dutch Shell Plc with EPIC/TICKER (LON:RDSA) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at Barclays Capital. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set their target price at 2850 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 16.7% from the opening price of 2443 GBX. Over the last 30 and 90 trading days the company share price has increased 138 points and increased 299 points respectively. The 52 week high for the share price is currently at 2516.32 GBX while the year low share price is currently 1922.5 GBX. Royal Dutch Shell Plc has a 50 day moving average of 2,275.18 GBX and a 200 day moving average of 2,159.96. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 5,237,888. Market capitalisation for LON:RDSA is £202,398,205,262 GBP.
grupo guitarlumber
07/11/2017
11:43
Royal Dutch Shell Plc 5.3% Potential Upside Indicated by HSBC Posted by: Amilia Stone 7th November 2017 Royal Dutch Shell Plc using EPIC/TICKER code (LON:RDSA) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set a target price of 2600 GBX on its stock. This indicates the analyst now believes there is a potential upside of 5.3% from the opening price of 2470 GBX. Over the last 30 and 90 trading days the company share price has increased 173.5 points and increased 267.5 points respectively. The 52 week high for the share price is currently at 2516.32 GBX while the 52 week low for the stock is 1922.5 GBX. Royal Dutch Shell Plc has a 50 day moving average of 2,254.67 GBX and a 200 day moving average of 2,155.56. There are currently 8,269,625,712 shares in issue with the average daily volume traded being 5,216,480. Market capitalisation for LON:RDSA is £203,887,621,929 GBP.
waldron
07/11/2017
11:23
Https://www.cnbc.com/2017/11/06/us-oil-prices-move-away-from-near-2-12-year-high.html
waldron
05/11/2017
16:51
Https://seekingalpha.com/article/4112628-royal-dutch-shell-b-will-longer-matter-2019 the a shares seem to have already risen but will they go further upwards and the difference reduce with the b share volumes up for A VOLUMES DOWN FOR B Needs watching for some
waldron
05/11/2017
13:01
Https://seekingalpha.com/article/4119486-nest-egg-portfolio-wrong-bp
grupo
04/11/2017
09:14
Https://www.energyvoice.com/video-2/155211/watch-shells-cfo-talks-q3-results/ OIL AND GAS SHARES SHOULD BE CONSIDERED AND INCLUDED IN ANY LEVEL HEADED GROUP OF PORTFOLIOS SHELL,BP,TOTAL AND ENGIE MIGHT BE CONSIDERED FOR GROWTH LONG TERM AND DIVI INCOME OIL AND GAS SERVICE COMPANIES WILL SOON BE BACK IN VOGUE WITH THIS IN MIND SHLUMBERGER,TECHNIPFMC AND VALLOUREC MIGHT BE FOLLOWED AND CONSIDERED FOR SUBSTANTIAL CAPITAL GAINS BUT NOT DIVIDEND ALTHOUGH BE IT RISKY IN THE SHORT TO MEDIUM TERM have a nice weekend
sarkasm
02/11/2017
09:13
Shell Takes Exxon’s Cash-Flow Crown as Earnings Beat Estimates By Rakteem Katakey 2 novembre 2017 à 08:19 UTC+1 Updated on 2 novembre 2017 à 09:17 UTC+1 CEO Van Beurden made surpassing his U.S. rival a major goal Third-quarter earnings jump 47% on higher oil prices Royal Dutch Shell Plc has taken Exxon Mobil Corp.’s cash-flow crown, a year after completing the biggest deal in its history. Europe’s largest energy company vaulted ahead on this closely watched indicator of financial health in the first nine months of 2017, as assets acquired from BG Group Plc from Brazil to Australia churned out cash. For the year as a whole, Shell is on track to surpass its larger U.S. rival on the measure for the first time in about two decades. Shell generated $28.38 billion of cash flow from operations in the first nine months of this year, compared with $23.52 billion from Exxon. Chief Executive Officer Ben Van Beurden already spelled out that his main long-term goal was overtaking Exxon to become the best-performing oil major. “This competitive performance is further evidence of Shell’s growing momentum, and strengthens my firm belief that our strategy is working,” Van Beurden said in a statement. He’s not quite there yet, as his company’s market value and total output remain below that of the Irving, Texas-based producer. Shell piled on borrowings to buy BG Group, and though Van Beurden has made reducing that burden his top financial priority, third-quarter net debt of $67.66 billion was higher than the preceding period. The company also failed to cover its entire dividend with free cash flow, although it has done in aggregate over the last 12 months. “It will take time for Shell to surpass Exxon, but it is on the right track,” said Ahmed Ben Salem, an analyst at Oddo Securities in Paris, who has a buy rating on Shell. “The company needs to keep generating $10 billion of cash every quarter to cover spending and the full dividend, and it has the assets to achieve that.” Normality Returns Shell’s net profit adjusted for one-time items was $4.1 billion, an increase of 47 percent from a year earlier and beating the average analyst estimate of $3.62 billion. Oil and gas output was 3.657 million barrels of oil equivalent a day, compared with 3.595 million a year earlier. Exxon produced 3.88 million barrels in the third quarter. Shell’s refining, chemicals and marketing business posted a smaller 28 percent increase in adjusted profit to $2.67 billion as its Pernis refinery in the Netherlands experienced an unplanned shutdown and Gulf of Mexico hurricanes affected operations at its Deer Park plant in Texas. The company’s B shares rose as much as 1 percent to 2,440 pence before trading at 2,416.5 pence at 8:15 a.m. in London. They have increased 2.6 percent this year compared with a 7.1 percent decline for Exxon. Shell’s purchase of BG made it the world’s second-biggest oil company, after years of vying with Chevron Corp. for the position. Though its $256 billion market valuation is 26 percent lower than Exxon’s, that gap has narrowed in the past year. The company’s earnings are the latest sign that major energy producers are getting back to normality after three tough years of low, volatile prices. BP Plc gave the boldest signal yet this week that the worst of the downturn was over, announcing that it would buy back shares for the first time since 2014. Before it's here, it's on the Bloomberg Terminal. LEARN MORE
waldron
02/11/2017
08:30
By Carlo Martuscelli Royal Dutch Shell PLC (RDSA.LN) on Thursday reported that profit increased in the third quarter, buoyed by a number of factors including rising oil prices. The Anglo-Dutch company posted a quarterly profit on a current cost-of-supplies basis--a company-specific measure of profit that is closely watched by the market--of $3.7 billion, up from $1.45 billion a year earlier. The third-quarter profit figure comes above a company-provided forecast, based on a consensus estimate of 27 analysts, that predicted $3.62 billion profit on a current cost-of-supplies basis. The company said that earnings benefited 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 divestment. Shell's Chief Executive Ben van Beurden said that the results are evidence of Shell's growing momentum. The energy company added that it expects fourth-quarter upstream earnings to be negatively impacted by a production decline of 250,000 barrels of oil equivalent per day, as a result of completed divestment. The company had set a target to sell assets worth $30 billion between 2016 and 2018, following its acquisition of BG Group. The energy company declared a dividend of 47 cents, unchanged from the year before. Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com (END) Dow Jones Newswires November 02, 2017 03:53 ET (07:53 GMT)
waldron
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