Open Grid Scheduler / Grid Engine
Net income attributable to shareholders on the basis of the current cost of supplies (CCS) and excluding special items in Q1 decreased by 2% compared to the same period last year and amounted to $ 5.432 billion. The indicator exceeded the profit forecast of $ 4.54 billion according to a survey of analysts provided by the company.
The decline in profits can be explained by a decrease in margins in the refining and petrochemicals segment, as well as lower oil prices. This was offset by a greater contribution from trade, as well as higher prices for LNG and gas compared to Q1 2018.
Shell's results exceed those of Exxon Mobil, Chevron and BP, which recorded a sharp drop in profits in the first three months of the year.
Operating cash flow decreased by 9% yoy to $ 8.63 billion.
Free cash flow decreased to $ 4 billion from $ 16.7 billion in the previous quarter and $ 5.2 billion in I quarter of 2018.
The company's profit in the field of exploration and production (upstream) in the first quarter increased by 11% in annual terms and amounted to $ 1.725 billion.
Oil and gas production fell by 2% to 3.752 million barrels of oil equivalent per day.
Profit in the downstream segment grew by 3% yoy to $ 1,822 billion.
Shell accelerated its buyback program for $ 25 billion. By April 29, the company has repurchased its own shares for $ 6.75 billion.
Dividends saved at $ 0.47 per share.
The decline in profits can be explained by a decrease in margins in the refining and petrochemicals segment, as well as lower oil prices. This was offset by a greater contribution from trade, as well as higher prices for LNG and gas compared to Q1 2018.
Shell's results exceed those of Exxon Mobil, Chevron and BP, which recorded a sharp drop in profits in the first three months of the year.
Operating cash flow decreased by 9% yoy to $ 8.63 billion.
Free cash flow decreased to $ 4 billion from $ 16.7 billion in the previous quarter and $ 5.2 billion in I quarter of 2018.
The company's profit in the field of exploration and production (upstream) in the first quarter increased by 11% in annual terms and amounted to $ 1.725 billion.
Oil and gas production fell by 2% to 3.752 million barrels of oil equivalent per day.
Profit in the downstream segment grew by 3% yoy to $ 1,822 billion.
Shell accelerated its buyback program for $ 25 billion. By April 29, the company has repurchased its own shares for $ 6.75 billion.
Dividends saved at $ 0.47 per share.
