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Royal Dutch Shell misses Q3 earnings expectations

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Miguel A. Rodriguez
Miguel A. Rodriguez
28 October 2021
Royal Dutch Shell disappointed with the third-quarter earnings

The Anglo-Dutch oil company revealed adjusted earnings of $4.1 billion, falling behind the $6 billion expected by analysts. The figures came significantly higher than $955 million reported in the same quarter last year but lower than the $5.5 billion announced for Q2 2021. Dividends came in at 24 cents per share, unchanged from the previous quarter.

On the matter, CEO Ben van Beurden stated: “This quarter we’ve generated record cash flow, maintained capital discipline and announced our intention to distribute $7 billion to our shareholders from the sale of our Permian assets.”

In addition, Royall Dutch Shell plans to cut absolute emissions from its operations and electricity by half by the end of the decade compared to 2016 levels. It is looking to have net-zero carbon emissions by 2050.

Following the report, Shell share price dipped 3% during the London trading hours. Since the beginning of the year, the stock price added 41%.

Source: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.