Royal Dutch Shell plc (RDS.A) owns one of the largest integrated oil and gas businesses in the world. The group has operations all over the world and is involved in various activities related to oil and natural gas, chemicals, power generation, renewable energy resources, and other energy related businesses. Shell divides its operations into three major segments: Upstream, Downstream, and Corporate.
Currently, Shell has a Zacks Rank #5 (Strong Sell) but that could change following its fourth quarter 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Shell misses on earnings. Earnings per ADR (on a current cost of supplies basis) – excluding one-time items – came at $1.04. This was well below the Zacks Consensus Estimate of $1.34.
Revenue: Revenues of $92.4 billion came 15% below the year-ago figure of $109.2 billion.
Key Stats: Shell’s upstream volumes averaged 3,213 thousand oil-equivalent barrels per day, slightly lower than the year-ago period.
Check back later for our full write up on this Shell earnings report later!
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