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US News Shell expects result load, but sees oil promotion but again in the profit zone - share light

16:45  07 april  2021
16:45  07 april  2021 Source:   finanzen.net

Shell expects result load, oil production sees again in the profit zone - Little moves

 Shell expects result load, oil production sees again in the profit zone - Little moves The winter storm in Texas has expected the adjusted profit of the SHELL oil company exposes $ 200 million. © Provided by finanzen.net Philippe Huguen / AFP / Getty Images Shell (Royal Dutch Shell) (a) ) has earned money for the first time since the beginning of the Corona pandemic in the first quarter. The business with exploring and promotion has benefited from the increased crude prizes, the company announced on Wednesday in The Hague.

The winter storm in Texas has expected the adjusted profit of the SHELL oil company exposed to $ 200 million.

DANIEL ROLAND/AFP/Getty Images © Provided by finanzen.net Daniel Roland / AFP / Getty Images

Shell (Royal Dutch Shell) (a) ) has reconsidered with oil funding in the first quarter for the first time since the beginning of the Corona Pandemic. The business with exploring and promotion has benefited from the increased crude prizes, the company announced on Wednesday in The Hague. The adjusted result of the area should therefore be in the black area. The temporary interruption of oil and gas production by the winter storms in Texas, however, will burden the adjusted profit of the Group with up to 200 million US dollars (169 million euros).

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In contrast to other parts of the company, such as the refinery division, the Group's oil business had written losses due to the decay of energy prices as a result of the 2020 pandemic. The development also improved slightly in the refinery and fuel segment compared to the fourth quarter, it said. Despite the pandemic, the business was largely profitable last year.

In the first quarter, natural gas production is likely to have 920,000 to 960,000 barrels of oil equivalent per day, and the liquid diet volume at 7.8 to 8.4 million tonnes, the Royal Dutch Shell PLC shared. Previous forecasts were from 900,000 to 950,000 barrels of oil equivalent and 8.0 to 8.4 million tonnes of natural gas.

For the upstream business, a production of 2.40 to 2.475 million barrels of oil equivalent per day is expected, including impairment by the storms in Texas from 10,000 to 20,000 barrels. The forecast was 2.40 to 2.60 million barrels so far.

The sales forecast for oil products has been reduced from 4.0 to 5.0 million barrels per day to 3.7 to 4.7 million barrels. The expected sales volume for the chemical division was reduced from 3.6 to 3.9 million tonnes to 3.5 to 3.7 million tonnes.

In London, the Shell share temporarily recorded 0.39 percent weaker at 14.28 GBP on Wednesday.

by Jaime Llinares Taboada Amsterdam / The Hague (Dow Jones / DPA-AFX)

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This is interesting!