The Hague-based Royal Dutch Shell plc owns one of the largest integrated oil and gas businesses in the world. The group has operations all over the world and is involved in various activities related to oil and natural gas, chemicals, power generation, renewable energy resources, and other energy related businesses. Royal Dutch Shell divides its operations into four major segments: Upstream, Downstream, Integrated Gas and Corporate.
In Feb 2016, Shell acquired UK’s third-largest energy player BG Group for a total consideration of $50 billion.
Currently, Royal Dutch Shell has a Zacks Rank #3 (Hold) but that could change following its second quarter 2016 earnings report which has just released. Coming to earnings surprise history, the company has a poor track record: its missed estimates in 3 of the last four quarters at an average rate of 6.83%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Shell misses on earnings. Earnings per ADS (on a current cost of supplies basis) came in at 6 cents, well below the Zacks Consensus Estimate of 53 cents.
Revenue: Revenues below expectations. Revenues of $58,415 million were below the Zacks Consensus Estimate of $65,464 million.
Key Stats: Upstream segment recorded a loss of $1,325 million (excluding items) during the quarter, significantly wider than the $469 million (adjusted) loss in the year-ago period. Shell’s upstream volumes averaged 2,628 thousand oil-equivalent barrels per day (MBOE/d), 24% higher than the year-ago period. The company’s worldwide realized liquids prices were 29% below the year-earlier levels, while natural gas prices were down 28%.
In the downstream segment, the Anglo-Dutch super-major reported adjusted income of $1,816 million, 39% less than the $2,961 million earned in the year-ago period.
The Integrated Gas unit reported adjusted income of $868 million as against $1,403 million in Apr-Jun quarter of 2015.
Check back later for our full write up on this Royal Dutch Shell earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Image: Bigstock
Royal Dutch Shell (RDS.A) Misses Q2 Earnings and Revenue
The Hague-based Royal Dutch Shell plc owns one of the largest integrated oil and gas businesses in the world. The group has operations all over the world and is involved in various activities related to oil and natural gas, chemicals, power generation, renewable energy resources, and other energy related businesses. Royal Dutch Shell divides its operations into four major segments: Upstream, Downstream, Integrated Gas and Corporate.
In Feb 2016, Shell acquired UK’s third-largest energy player BG Group for a total consideration of $50 billion.
Currently, Royal Dutch Shell has a Zacks Rank #3 (Hold) but that could change following its second quarter 2016 earnings report which has just released. Coming to earnings surprise history, the company has a poor track record: its missed estimates in 3 of the last four quarters at an average rate of 6.83%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Shell misses on earnings. Earnings per ADS (on a current cost of supplies basis) came in at 6 cents, well below the Zacks Consensus Estimate of 53 cents.
Revenue: Revenues below expectations. Revenues of $58,415 million were below the Zacks Consensus Estimate of $65,464 million.
ROYAL DTCH SH-A Price and EPS Surprise
ROYAL DTCH SH-A Price and EPS Surprise | ROYAL DTCH SH-A Quote
Key Stats: Upstream segment recorded a loss of $1,325 million (excluding items) during the quarter, significantly wider than the $469 million (adjusted) loss in the year-ago period. Shell’s upstream volumes averaged 2,628 thousand oil-equivalent barrels per day (MBOE/d), 24% higher than the year-ago period. The company’s worldwide realized liquids prices were 29% below the year-earlier levels, while natural gas prices were down 28%.
In the downstream segment, the Anglo-Dutch super-major reported adjusted income of $1,816 million, 39% less than the $2,961 million earned in the year-ago period.
The Integrated Gas unit reported adjusted income of $868 million as against $1,403 million in Apr-Jun quarter of 2015.
Check back later for our full write up on this Royal Dutch Shell earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>