Royal Dutch Shell plc (ADR) (RDS.A) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.14. The company posted revenue of $48554.00 million in the period, compared to analysts expectations of $46696.28 million. The company’s revenue was down -26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Many Wall Street Analysts have commented on Royal Dutch Shell plc (ADR). Royal Dutch Shell plc (ADR) was Initiated by Nomura to “Buy” on Mar 18, 2016. Shares were Upgraded by Scotia Howard Weil on Mar 11, 2016 to ” Sector Outperform” and Lowered the Price Target to $ 55 from a previous price target of $57 .Royal Dutch Shell plc (ADR) was Resumed by BofA/Merrill to “Buy” on Feb 16, 2016.
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company is engaged in the principal aspects of the oil and gas industry in more than 70 countries. The Company operates in three segments: Upstream Downstream and Corporate. In Upstream the Company focuses on exploration for new liquids and natural gas reserves and on developing new projects. In Downstream the Company focuses on turning crude oil into a range of refined products which are moved and marketed around the world for domestic industrial and transport use. The Company’s Upstream Americas business manages Shell’s Upstream activities in North and South America. It also extracts bitumen from oil sands that is converted into synthetic crude oil. The Company’s Upstream International business manages Shell’s Upstream activities outside the Americas. The Company’s Downstream business manages Shell’s refining and marketing activities for oil products and chemicals.