What Were Fourth-Quarter Profits For 2018 of Royal Dutch Shell?

Royal Dutch Shell is set to release its fourth-quarter results on Jan. 31, 2019. The company’s downstream segment has struggled to meet expectations this year, which weighed on the company’s earnings. Despite this, the company still managed to beat estimates in the last two quarters.

The company’s results include the impact of tax legislation changes and new fields ramping up in Australia and Trinidad and Tobago. The company also increased its LNG liquefaction volumes by 5% compared with the fourth quarter of last year. In addition, the company’s Prelude floating LNG facility added capacity to its Elba field. The company announced that it will continue to buy back shares until April 27, 2020 for up to $1 billion in total consideration. However, the company also took a $1.6 billion charge related to its gas field in the last three months of last year. It warned that these charges would increase in the fourth quarter and beyond.