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Shell earnings improve surge thanks to higher oil prices

Shell earnings improve surge thanks to higher oil prices

Shell earnings improve surge thanks to higher oil prices

The Dutch supermajor's earnings report came two days after it sold off its refinery business, including its retail service stations, in Argentina for close to $1 billion in cash. Royal Dutch Shell Plc has $84.1000 highest and $5400 lowest target. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 2,800 ($39.05) price objective on shares of Royal Dutch Shell in a research note on Tuesday, January 2nd.

Shell shares fell 3% despite the profits rise as the group's cash flow came in lower-than-expected at 9.4 billion USA dollars (£6.7 billion), down from 9.5 billion USA dollars (£6.8 billion) a year earlier.

Shell's earnings have soared in the first quarter of this year as the oil giant capitalised on higher prices and boosted production that saw almost 4m barrels of oil produced each day. Piper Jaffray maintained the shares of RDS.A in report on Sunday, April 22 with "Buy" rating.

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Armed with such results, Shell and Total are in payback mood to investors, buying back shares after diluting stakes with scrip dividends - consisting of shares rather than cash - introduced after the price crash which sent oil prices as low as $28 a barrel. The rating was maintained by Jefferies with "Buy" on Wednesday, December 20. The stock of Royal Dutch Shell plc (NYSE:RDS.A) earned "Hold" rating by HSBC on Tuesday, November 21.

The chart of Royal Dutch Shell plc (RDS-A) shows a double top with $75.58 target or 8.00 % above today's $69.98 share price. The company has a market cap of $296,496.78, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10. The energy company reported $1.04 EPS for the quarter, beating the Zacks' consensus estimate of $1.02 by $0.02. Royal Dutch Shell had a return on equity of 7.84% and a net margin of 4.22%. analysts anticipate that Royal Dutch Shell will post 4.98 EPS for the current fiscal year. The business had revenue of $85.42 billion during the quarter.

Oil giant Royal Dutch Shell, which is leading the charge into cleaner-burning natural gas among Western majors, discovered that again last quarter. The company operates through Integrated Gas, Upstream, and Downstream segments. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.

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