CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Shell share price: what to expect from its Q1 results

After delivering a strong 2018, the oil and gas major is looking hoping that a disciplined approach to capital investment it can growth its cash flow and returns in 2019, with investors excited for its Q1 update in May.

Royal Dutch Shell Source: Bloomberg

When is Shell’s results date?

Royal Dutch Shell will release its Q1 results and its interim dividend on May 2.

Shell results preview: what does the City expect?

Compared with the first quarter 2018, integrated gas production is expected to decrease in Q1 this year by some 140,000 – 170,000 boe/d due to divestments, the transfer of some activities into the upstream segment as of 2019 and higher maintenance activities.

Meanwhile, LNG liquefaction volumes are expected to be 0.4 – 0.7 million tonnes lower, due primarily to divestments and higher maintenance activities impacted output.

Compared with the same period last year, Shell’s upstream output is expected to be 10,000 – 50,000 boe/d lower, again because of divestments which has led to field decline. However, the decrease in production has been partly offset by ramp-ups of existing fields.

Shell’s refinery availability is expected to decrease in the first quarter 2019 compared with the same period a year earlier because of higher maintenance activity.

Oil products sales volumes are expected to be 40,000 – 70,000 boe/d lower compared with the same period a year earlier, due to its sale of its downstream business in Argentina to Raizen in October last year. The sale is part of a wider strategy by Shell to simplify its portfolio through a $30 billion divestment programme.

Corporate earnings excluding identified items are expected to be a net charge of $400 – 450 million in the first quarter 2019 and a net charge of $1.7– 1.9 billion for the full year 2019. This excludes the impact of currency exchange rate effects and the impact of IFRS 16 Leases.

Shell strikes deep-water oil discovery in Gulf of Mexico

The oil and gas major saw its share price edge higher on Thursday, after the company announced that its subsidiary Shell Offshore made a significant discovery at its deep-water Blacktip prospect in the Gulf of Mexico.

‘Blacktip is Shell’s second material discovery in the Perdido Corridor and is part of a continuing exploration strategy to add competitive deep-water options to extend our heartlands,’ said Andy Brown, upstream director for Royal Dutch Shell.

Over the last decade Shell has added a little over one billion boe in the Gulf of Mexico alone, with this latest discovery another testament to the success of the company’s global deep-water strategy, which is firmly on track to exceed 900,000 boe a day by 2020.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.

Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

European Central Bank meeting

Learn about how the ECB meeting affects interest rates and price stability ahead of the next announcement.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.