The century-old oil and gas company, Royal Dutch Shell, reported its Q3 results in the first week of November.
Although the numbers didn’t impress the market that much, they were respectable enough to hold investor interest.
Well-known for its core strength in surviving multiple lackluster periods, supply shortages, price downfalls and global economic crises, Royal Dutch Shell still remains a cash cow with a 5.93% dividend yield.
The company reported revenue growth of nearly 30% during quarter, with more substantial momentum than analysts estimated. Although R&D expenses for the company didn’t change much during the quarter, its exploration expenses decreased by ~22%, resulting in higher profitability.
In terms of bottom-line, the company precisely met analyst expectations as it reported an EPS of $0.68. While the company reported a PBT growth of 139%, the company’s IFRS net income changed only by 94%.
Amongst all the positives, perhaps the icing on the cake was a share buyback program worth $2.5 billion.