| Shell Foresees Huge Decline in 2015 Profit Amid Low Oil | |
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Shell declared that its earnings during 2015 (on a current cost of supplies basis) − excluding one-time items – will likely be in the range of $10.4-10.7 billion. This is significantly lower than the 2014 income of more than $22 billion. For fourth-quarter 2015, the company predicts adjusted earnings (on a current cost of supplies basis) between $1.6 billion and 1.9 billion. This is also considerably below $3.26 billion in the year-ago quarter. This is owing to an expected disaster in the company’s upstream operations − following slipping oil prices − as the downstream profits will likely remain unchanged. The integrated player also predicted its cash flows from operation during 2015 in the range of $29.2 billion to $30.4 billion. It is to be noted that this inflow from operating activities will be able to cover only 2015 investment expenses – which reflects how hard it is for the company to keep on paying dividend after meeting costs. Despite facing all troubles, Shell is committed to payback cash to its shareholders − which is reflected in the company’s expectation of paying out $12 billion dividend or $1.88 per share in 2015. On top of that, after the completion of the Shell-BG merger, expected within a few weeks, the combined unit’s 2016 dividend figure will likely be in line with the 2015 figure of $1.88 per share. Shell has also provided a glimpse of its capital expenditure program. During 2015, the spending will likely be $29 billion, lower by more than 20% from the 2014 mark. For 2016, the combined Shell-BG capital spending amount is predicted at $33 billion. We should highlight that further reduction will be adjusted if the business environment deteriorates with a further fall in commodity prices. Investors should also know that Shell’s 2015 production is expected at 2.9 million barrels of oil equivalent per day (boe/d). For fourth-quarter 2015, output is predicted at 3 million boe/d. Fourth-Quarter Estimate Shell plans to release its quarterly results on Feb 4, 2016. The Zacks Consensus Estimate for the company’s fourth quarter is 58 cents per ADR. Zacks Rating Shell currently carries a Zacks Rank #5 (Strong Sell), implying that it will significantly underperform the broader U.S. equity market over the next one to three months. Meanwhile, some better-ranked players in the energy space include Transocean Ltd. RIG, Tesoro Corporation TSO and Valero Energy Corporation VLO. Each of these stocks sports a Zacks Rank #2 (Buy). 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 >> 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 VALERO ENERGY (VLO): Free Stock Analysis Report TESORO CORP (TSO): Free Stock Analysis Report ROYAL DTCH SH-A (RDS.A): Free Stock Analysis Report TRANSOCEAN LTD (RIG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Royal Dutch Shell
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CODE : RDSA.AS |
ISIN : US7802592060 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Royal Dutch Shell est une société de production minière de pétrole basée au Pays-Bas. Royal Dutch Shell est cotée au Pays-Bas, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 187,4 milliards €UR (214,0 milliards US$, 191,9 milliards €). La valeur de son action a atteint son plus haut niveau récent le 24 mai 2018 à 31,38 €UR, et son plus bas niveau récent le 30 octobre 2020 à 10,10 €UR. Royal Dutch Shell possède 8 222 179 840 actions en circulation. |