Analysis on Shell Quarterly Report

Overview on Shell Quarterly Report by our experts

Shell Quarterly ReportThanks to Shell Quarterly Report, top Traders from Social Trading broker, Tradeo have seen a sharp decrease on the price for crude oil in the last 2 months. But the effect was felt on all players worldwide, and is expected to reverberate for the next few months. This phenomenon, can be traced back to giant oil producer’s decrease in output.

Not surprisingly, Royal Dutch Shell Quarterly Reports was disclosed with bad news as well. The company faced a net income that plunged from a $2.2 billion expectation to a meager $1 billion. In comparison, Shell’s result at the same period last year was reported at $3.8 billion.

The bleak news is only a husk when compared with the greater shock that some of the company’s competitors, BP and Statoil also reported lower numbers than investors expected.

Yet, it’s investors who are probably more worried, as net income attributable to shareholders sank by 71%, from almost $4 Billion to only $1.1 Billion in comparison with last year’s second quarter.

Shell’s other investments

Yet, some of Tradeo’s top traders have been able to profit with the situation despite the fact that oil producers’ suffered in this second quarter of 2016.

Shell’s capital investment program had a major decrease from $47 billion in 2014 to $29 billion in 2016. Shell Quarterly Report evidenced lower result in all its segments, including oil refining, gas and petrochemical. With a 70 percent plunge in quarterly profits, Shell’s report comes as a big disappointment.

Along the causes, Shell lists the costs of acquisition of the BG Group, unsettling oil prices among other less evident factors.

Goldman Sachs’s speaks

According to Goldman Sachs, Crude oil prices are expected to hover between $45-$50 per barrel range. This move is expected to go until the end of the second quarter of 2017. Yet, Shell’s oil and gas production increased by around 28% from the same period last year.

That, considering oil supply is expected to drop before 2018. Nevertheless, remains to be seen whether Shell’s expectations will be met as the main price driver for oil is the U.S. dollar, as Goldman Sachs analysts attest.

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