Good release with adjusted earnings above consensus (c. 15%) and down 7% qoq. The integrated gas division is up 9% qoq, despite the weak LNG prices this quarter and this shows the resilience of Shell’s LNG portfolio. The upstream division is down 8%, compared to a 9% decline for Brent and Downstream is down 15% qoq, in line with the lower refining margins.
02 May 2019
Q1: Integrated Gas leading the performance
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Q1: Integrated Gas leading the performance
Shell Plc (SHEL:LON) | 2,906 348.8 0.4% | Mkt Cap: 185,989m
- Published:
02 May 2019 -
Author:
Kevin VO -
Pages:
3
Good release with adjusted earnings above consensus (c. 15%) and down 7% qoq. The integrated gas division is up 9% qoq, despite the weak LNG prices this quarter and this shows the resilience of Shell’s LNG portfolio. The upstream division is down 8%, compared to a 9% decline for Brent and Downstream is down 15% qoq, in line with the lower refining margins.