Royal Dutch Shell 'A' (RDSA)

Sector:

Energy Producers

Index:

FTSE 100

971.80p
   
  • Change Today:
      23.40p
  • 52 Week High: 2,342.50
  • 52 Week Low: 928.00
  • Currency: UK Pounds
  • Shares Issued: 4,101.24m
  • Volume: 3,610,387
  • Market Cap: £39,856m
  • RiskGrade: 173

Shell swings to loss on $16bn impairment charge but pays dividend

By Frank Prenesti

Date: Thursday 30 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Royal Dutch Shell swung to a heavy net first-half loss, but paid a dividend as the Covid-19 crisis hammered oil and gas prices.

The Anglo-Dutch giant reported a second quarter loss of $18.3bn in the second quarter on a current cost of supplies (CCS) basis, used as gauge of net profit. That compared with a £3bn profit a year ago.

Shell declared a second quarter dividend of 16 cents a share, mirroring its first quarter payout and down 66% year on year. The company shocked investors in April when it cut its dividend for the first time since World War 2.

Adjusted earnings fell to $600m from $3.5bn in 2019 and beat analysts forecasts of a $674m loss.

The company also slashed the value of its assets by $16.8bn after lowering its short-term oil and gas price outlook due to an expected sluggish growth in demand in the wake of the coronavirus crisis as well as energy market demand and supply fundamentals.

"Second quarter 2020 results reflected lower realised prices for oil, LNG and gas, lower realised refining margins, oil products sales volumes and higher well write-offs, compared with the second quarter 2019. This was partly offset by very strong crude and oil products trading and optimisation results as well as lower operating expenses," the company said on Thursday.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Shell Market Data

Currency UK Pounds
Share Price 971.80p
Change Today 23.40p
% Change 2.47 %
52 Week High 2,342.50
52 Week Low 928.00
Volume 3,610,387
Shares Issued 4,101.24m
Market Cap £39,856m
RiskGrade 173

Shell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.22% above the market average95.22% above the market average95.22% above the market average95.22% above the market average95.22% above the market average
13.04% above the sector average13.04% above the sector average13.04% above the sector average13.04% above the sector average13.04% above the sector average
Price Trend
88.55% below the market average88.55% below the market average88.55% below the market average88.55% below the market average88.55% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
88.27% above the market average88.27% above the market average88.27% above the market average88.27% above the market average88.27% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
30.33% above the market average30.33% above the market average30.33% above the market average30.33% above the market average30.33% above the market average
37.04% below the sector average37.04% below the sector average37.04% below the sector average37.04% below the sector average37.04% below the sector average

What The Brokers Say

Strong Buy 12
Buy 0
Neutral 13
Sell 0
Strong Sell 3
Total 28
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Shell Dividends

  Latest Previous
  Q2 Q1
Ex-Div 13-Aug-20 14-May-20
Paid 21-Sep-20 22-Jun-20
Amount 16.00¢ 16.00¢

Trades for 23-Oct-2020

Time Volume / Share Price
16:35 959,310 @ 971.80p
16:29 300 @ 971.10p
16:29 55 @ 971.30p
16:29 169 @ 971.30p
16:29 156 @ 971.30p

Shell Key Personnel

Chair Charles O Holliday
CEO Ben van Beurden
CFO Jessica Uhl

Top of Page