{"id":1545,"date":"2017-11-03T20:40:52","date_gmt":"2017-11-03T21:40:52","guid":{"rendered":"https:\/\/madaresharghi.com\/shell-bests-big-oil-peers\/"},"modified":"2017-11-03T20:40:52","modified_gmt":"2017-11-03T21:40:52","slug":"shell-bests-big-oil-peers","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/shell-bests-big-oil-peers\/","title":{"rendered":"Shell Bests Big Oil Peers"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tRoyal Dutch Shell plc topped Wall Street forecasts with strong results across the board during the third quarter, perhaps affirming, as its Big Oil peers have done in recent days, that $50-barrel oil is not so bad.<br \/> \tThe Anglo-Dutch major posted profits of $4.1 billion (50 cents\/share), versus $2.8 billion a year ago and $3.6 billion in Q2, 2017. Consensus forecasts had estimated Shell\u2019s earnings would hit $3.62 billion in Q3 2017, Natural Gas Intel reported.<br \/> \tShell, the last to report among oil majors whose operations are weighted to North America, bested rival profits for the period, with ExxonMobil Corp. posting profits of $4 billion, Chevron Corp. coming in at $2 billion and BP plc at $1.9 billion.<br \/> \tOperational cash flow fell by one-third year-on-year to $7.58 billion, the first decline since Q1 2016, which Shell blamed on increases in the value of its oil and gas inventory as crude oil prices rose year-on-year. Excluding the build, cash flow was $10 billion, providing an ample cushion for capital expenditures and dividends.<br \/> \t&#8220;All three business units\u2014upstream, downstream and chemicals\u2014contributed to the gains,&#8221; said CEO Ben van Beurden.<br \/> \tLike his Big Oil peers, van Beurden has guided Shell under the mantra that prices may be \u201clower forever\u201d.<br \/> \t&#8220;Shell&#8217;s three businesses all made resilient contributions to this strong set of results,\u201d he said.<br \/> \t\u201cUpstream generated almost half of the $10 billion cash flow from operations, excluding working capital this quarter, at an average Brent oil price of $52 per barrel and this was complemented by good cash contributions from our growing integrated gas business and from downstream.<br \/> \t\u00a0\u201cThis competitive performance is further evidence of Shell&#8217;s growing momentum and strengthens my firm belief that our strategy is working.&#8221;<br \/> \tOne day after closing more than $4 billion of asset sales overseas, CFO Jessica Uhl told investors on a conference call that Shell is tooled for future success as a \u201cnimbler\u201d performer.<br \/> \t&#8220;The LNG business is as strong as Shell expected,&#8221; Uhl said.<br \/> \t\u201cWe believe gas will be the fastest growing hydrocarbon between 2020 and 2030, and we think that LNG will be the fastest growing gas molecule during that period of time.<br \/> \t\u201cWe believe it&#8217;s fundamental to the energy transition, it&#8217;s fundamental to increasing energy supply that&#8217;s very much needed and will continue to be needed, as populations grow and quality of life increases across the planet.\u201d<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Royal Dutch Shell plc topped Wall Street forecasts with strong results across the board during the third quarter, perhaps affirming, as its Big Oil peers have done in recent days, that $50-barrel oil is not so bad. The Anglo-Dutch major posted profits of $4.1 billion (50 cents\/share), versus $2.8 billion a year ago and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shell Bests Big Oil Peers - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/shell-bests-big-oil-peers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shell Bests Big Oil Peers - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Royal Dutch Shell plc topped Wall Street forecasts with strong results across the board during the third quarter, perhaps affirming, as its Big Oil peers have done in recent days, that $50-barrel oil is not so bad. The Anglo-Dutch major posted profits of $4.1 billion (50 cents\/share), versus $2.8 billion a year ago and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/shell-bests-big-oil-peers\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-03T21:40:52+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/shell-bests-big-oil-peers\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/shell-bests-big-oil-peers\/\",\"name\":\"Shell Bests Big Oil Peers - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-11-03T21:40:52+00:00\",\"dateModified\":\"2017-11-03T21:40:52+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/shell-bests-big-oil-peers\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1545"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=1545"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1545\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=1545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=1545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=1545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}