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Royal Dutch Shell & # 39; B & # 39 ;: Value of Day in Europe – ROYAL DUTCH SHELL Signs Solid End of Year



Increasing by 3.68% to 2.369.50 pence, Royal Dutch Shell has one of the strongest growth in London's Footsie. The Anglo-Dutch group announced quarterly results above expectations with rising sales prices of oil, gas and LNG. The good results of oil companies boost the strategy of reducing costs and intensifying shareholders' returns. In the fourth quarter of 2018 net profit jumped 32% to $ 5.688 billion. Analysts expect $ 5.39 billion, according to Bloomberg.

The year's profit reached 20.98 billion during the year, which is 36% more.

Royal Dutch Shell did not make enough money in six years, when oil exceeded $ 100 per barrel.

In his statement, Major General Ben Van Beurden reiterated that his priority was to lower costs in order to withstand price instability and remain competitive.

These comments convince investors who were afraid that low oil prices could be due to the ability of the group to fill all of its crude oil production, reduce costs and targets for a return on shareholders.

In that respect, Shell released a free cash flow financing for $ 22 billion in December, which is more than three times more than a year ago.

Only in the fourth quarter hydrocarbon production grew by 3.79 million barrels compared to 3.76 million barrels in the fourth quarter of 2017. The share of debt declined by 25% to 20.3% at the end of December. .

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