Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Royal Dutch Shell Q3 earnings: analyst expectations

What do analysts expect from the third quarter (Q3) earnings of Royal Dutch Shell and what are the moving parts to pay attention to?

Source: Bloomberg

Shell Q3 2021 earnings preview

On Thursday the 28th of October Royal Dutch Shell will publish its third quarter (Q3) earnings of 2021.

We don’t expect major surprises as Shell usually guides well and energy prices are highly public. We are optimistic regarding the LNG and trading activities of the company.

What do analysts expect from the Q3 earnings?

According to analyst consensus, the adjusted earnings in Q3 will be $5.3 billion, which is more than the company made in 2020. The cashflow from operating activities is expected to come in at around $12.1 billion.

That number is important, because that’s the money that can ultimately be used for new investments, debt reduction or rewarding shareholders.

From gas to LNG

The story of the last few months within the energy space has been natural gas. LNG especially attracts our attention. This is natural gas that is made liquid so it can be transported overseas.

It is not simple to liquify natural gas and it needs special facilities to do so, storage and specialised transport. Currently, LNG is ‘hot’ as the prices of natural gas in Europe and the US are diverging.

Businesses who own transport capacity can reap extraordinary arbitrage profits. The chart below shows the prices in continental Europe and the US.

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


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

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

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


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 spread betting and CFDs.

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


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.