The company reported better than expected Q2 results with an adjusted net income at $3.7bn compared to $3.3bn expected, with a clear beat coming for the downstream division. By division: 1) Integrated gas reported adjusted earnings at $1.17bn, up 35% yoy, thanks to higher energy prices and lower operating expenses despite lower liquids production (-6% due to Pearl GTL ramping up) and a lower contribution from trading. 2) Upstream division reported a weak quarter with adjusted earnings at $339
31 Jul 2017
Chemicals surprise, efficiency continues
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Chemicals surprise, efficiency continues
Shell Plc (SHEL:LON) | 2,842 -127.9 (-0.2%) | Mkt Cap: 182,173m
- Published:
31 Jul 2017 -
Author:
Alexandre Andlauer -
Pages:
4
The company reported better than expected Q2 results with an adjusted net income at $3.7bn compared to $3.3bn expected, with a clear beat coming for the downstream division. By division: 1) Integrated gas reported adjusted earnings at $1.17bn, up 35% yoy, thanks to higher energy prices and lower operating expenses despite lower liquids production (-6% due to Pearl GTL ramping up) and a lower contribution from trading. 2) Upstream division reported a weak quarter with adjusted earnings at $339