Royal Dutch Shell plc Historical Data
Last Update: 2020-07-30

Royal Dutch Shell plc Analysts' Consensus Estimates
Financial Figures in Million US-Dollar (Except where indicated differently) THE INFORMATION PROVIDED BELOW IS HISTORICAL INFORMATION AND SHOWS THE CONSENSUS FORECAST ESTIMATES AS THEY WERE ON 2020-07-29, THE DAY BEFORE THE LAST QUARTERLY RESULTS ANNOUNCEMENT. DETAILS OF THE CURRENT CONSENSUS FORECAST ESTIMATES CAN BE FOUND AT CURRENT CONSENSUS ESTIMATES.
[in Mill. US Dollar]Q2 2020 EFY 2020 EFY 2021 EFY 2022 EFY 2023 E
Integrated GasNumber of analysts participating2017171714
Integrated GasHighest1,4846,0247,74011,52911,725
Integrated GasConsensus1,0195,0185,8417,2958,291
Integrated GasLowest2902,6093,3104,6745,762
UpstreamNumber of analysts participating2017171714
UpstreamHighest-1711,2404,8039,01711,346
UpstreamConsensus-1,228-1,4751,4663,8385,128
UpstreamLowest-2,372-3,614-1,747311903
Oil Products (CCS basis)Number of analysts participating2219191916
Oil Products (CCS basis)Highest1,0334,3696,9727,6307,803
Oil Products (CCS basis)Consensus4463,5315,2716,1016,324
Oil Products (CCS basis)Lowest-4621,6414,0884,7294,784
Chemicals (CCS basis)Number of analysts participating2219191916
Chemicals (CCS basis)Highest2721,0041,9002,1002,999
Chemicals (CCS basis)Consensus534339351,4441,991
Chemicals (CCS basis)Lowest-300-177378828904
Operating IncomeNumber of analysts participating2320201916
Operating IncomeHighest1,50512,39319,78528,42429,657
Operating IncomeConsensus2007,64413,72718,21720,983
Operating IncomeLowest-1,4694,4658,1719,40311,413
CorporateNumber of analysts participating2119191815
CorporateHighest-605-2,500-2,636-2,201-1,896
CorporateConsensus-813-3,405-3,184-3,032-2,921
CorporateLowest-989-3,739-3,845-3,786-3,770
Non-controlling interestNumber of analysts participating2119191815
Non-controlling interestHighest26-1107-219
Non-controlling interestConsensus-64-328-380-421-457
Non-controlling interestLowest-130-501-551-581-612
CCS earnings excluding identified itemsNumber of analysts participating2320201916
CCS earnings excluding identified itemsHighest6358,49716,10524,92426,304
CCS earnings excluding identified itemsConsensus-6743,92710,17114,76517,615
CCS earnings excluding identified itemsLowest-2,4241,0334,2235,3287,172
Weighted average number of shares (diluted)Number of analysts participating2220201916
Weighted average number of shares (diluted)Highest8,0648,0648,0647,9187,918
Weighted average number of shares (diluted)Consensus7,8317,8417,8277,7977,704
Weighted average number of shares (diluted)Lowest7,7997,7537,7147,6327,413
CCS earnings per share excluding identified itemsNumber of analysts participating2220201916
CCS earnings per share excluding identified itemsHighest0.081.092.093.153.50
CCS earnings per share excluding identified itemsConsensus-0.090.501.301.892.29
CCS earnings per share excluding identified itemsLowest-0.310.130.540.680.92
Dividend per ShareNumber of analysts participating2220201916
Dividend per ShareHighest0.321.901.281.341.40
Dividend per ShareConsensus0.170.730.700.760.78
Dividend per ShareLowest0.160.640.640.640.64
Cash flow from operating activities *Number of analysts participating1717171613
Cash flow from operating activities *Highest6,61545,66544,20549,24260,104
Cash flow from operating activities *Consensus3,31133,26937,65142,82046,591
Cash flow from operating activities *Lowest-77621,93531,73333,58934,524
of which decrease / (increase) in working capital (WC)Number of analysts participating1716151412
of which decrease / (increase) in working capital (WC)Highest41412,77941,8900
of which decrease / (increase) in working capital (WC)Consensus-2,2654,843-835-359-320
of which decrease / (increase) in working capital (WC)Lowest-6,095-2,102-3,939-3,773-2,730
Cash flow from operating activities excl. WC movementsNumber of analysts participating2018171614
Cash flow from operating activities excl. WC movementsHighest7,66536,66544,89149,24260,104
Cash flow from operating activities excl. WC movementsConsensus5,50028,47738,22743,33346,827
Cash flow from operating activities excl. WC movementsLowest2,39019,72631,73333,58934,524
Oil price assumption BrentNumber of analysts participating2320201816
Oil price assumption BrentHighest42.047.056.065.065.0
Oil price assumption BrentConsensus31.941.247.653.757.3
Oil price assumption BrentLowest28.735.035.045.045.7
Oil price assumption WTINumber of analysts participating2019191715
Oil price assumption WTIHighest30.044.053.060.063.0
Oil price assumption WTIConsensus27.737.244.149.853.3
Oil price assumption WTILowest25.030.333.040.039.7
Henry Hub price assumptionNumber of analysts participating2220201816
Henry Hub price assumptionHighest2.002.603.232.803.50
Henry Hub price assumptionConsensus1.762.042.512.512.65
Henry Hub price assumptionLowest1.501.701.802.002.25
*) Including working capital movement, excluding interest expenses (net)

RESEARCH ANALYSTS WHO WOULD LIKE TO BE INCLUDED IN THE ANALYSTS' CONSENSUS ESTIMATES FOR ROYAL DUTCH SHELL PLC SHOULD SUBMIT THEIR LATEST ESTIMATES AND RESEARCH REPORTS TO VARA RESEARCH VIA THE FOLLOWING EMAIL ADDRESS: INFO@VARARESEARCH.DE. BY CONTACTING VARA IN THIS WAY, UNLESS OTHERWISE SPECIFIED IN THE EMAIL, ANALYSTS WILL BE DEEMED TO HAVE CONSENTED TO THEIR ESTIMATES BEING INCLUDED IN THE ANALYSTS' CONSENSUS ESTIMATES AND THEIR NAME, THEIR EMPLOYER'S NAME AND THE DATE OF THEIR ESTIMATES BEING DISPLAYED ON THIS SUB-SITE.

VARA WILL EXCLUDE FROM THE ANALYSTS' CONSENSUS ESTIMATES ESTIMATES WHICH WERE PRODUCED BY ANALYSTS WHO ARE ANONYMOUS, HAVE NEVER PROVIDED A SUPPORTING RESEARCH REPORT AND / OR HAVE NOT GIVEN THEIR PERMISSION FOR THEIR ESTIMATES TO BE INCLUDED IN THE ANALYSTS' CONSENSUS ESTIMATES.

LAST UPDATE: 2020-07-30
ESTIMATES OF THE FOLLOWING INSTITUTIONS WERE INCLUDED IN THE ABOVE FIGURES (DATES OF THE ESTIMATES ARE PROVIDED IN BRACKETS)
AB BERNSTEIN (2020-07-20), BARCLAYS (2020-07-08), BERENBERG BANK (2020-07-15), BOA MERRILL LYNCH (2020-07-20), CITIGROUP (2020-07-16), COWEN AND COMPANY (2020-07-21), CREDIT SUISSE (2020-07-10), GOLDMAN SACHS (2020-07-09), HSBC (2020-07-17), ING (2020-07-22), ISI EVERCORE (2020-07-22), J.P. MORGAN CAZENOVE (2020-07-16), JEFFERIES (2020-07-16), KEPLER CHEUVREUX (2020-07-14), MORGAN STANLEY (2020-07-15), ODDO BHF (2020-07-14), PANMURE GORDON & CO (2020-07-14), RBC CAPITAL MARKETS (2020-07-16), REDBURN (2020-07-14), SANTANDER (2020-07-21), SOCIÉTÉ GÉNÉRALE (2020-07-20), TUDOR, PICKERING, HOLT & CO. (2020-07-21), UBS (2020-07-14).

Disclaimer

THE ANALYSTS' CONSENSUS ESTIMATES FOR ROYAL DUTCH SHELL PLC PROVIDED ABOVE ARE FOR INFORMATIONAL PURPOSES ONLY AND ARE PROVIDED ONLY FOR THE CONVENIENCE OF SHELL'S INVESTORS. SHELL HAS ENGAGED VARA RESEARCH GMBH TO SURVEY ANALYSTS THAT COVER ROYAL DUTCH SHELL PLC AND TO PROVIDE US WITH ANALYSTS' CONSENSUS ESTIMATES FOR ROYAL DUTCH SHELL PLC. THE ANALYSTS' CONSENSUS ESTIMATES ARE NOT SHELL-PREPARED ESTIMATES, FORECASTS, PREDICTIONS OR PROJECTIONS. SHELL HAS HAD NO INVOLVEMENT IN THE PREPARATION OF THE ANALYSTS' CONSENSUS ESTIMATES OR IN ANY ANALYST'S ESTIMATE THAT MAY HAVE FORMED PART OF THE ANALYSTS' CONSENSUS ESTIMATES. SHELL DOES NOT ENDORSE OR APPROVE THE ANALYSTS' CONSENSUS ESTIMATES OR ANY UNDERLYING ANALYST'S ESTIMATE THAT MAY HAVE FORMED PART OF THE ANALYSTS' CONSENSUS ESTIMATES. SHELL IS NOT ADOPTING THE ANALYSTS' CONSENSUS ESTIMATES AND THE ANALYSTS' CONSENSUS ESTIMATES HAVE NOT BEEN REVIEWED OR REPORTED ON IN ACCORDANCE WITH THE REQUIREMENTS OF RULE 28­.­1(A) OF THE CITY CODE ON TAKEOVERS AND MERGERS. MOREOVER, INVESTORS ARE WARNED THAT RELIANCE ON THE ANALYSTS' CONSENSUS ESTIMATES AS PART OF THEIR INVESTMENT DECISION COULD RESULTS IN A LOSS, ESPECIALLY IF ROYAL DUTCH SHELL PLC FAILS TO MEET THE ANALYSTS CONSENSUS ESTIMATES. FURTHERMORE, SHELL PROVIDES NO ASSURANCE WITH REGARD TO THE ACCURACY OR CORRECTNESS OF THE ANALYSTS' CONSENSUS ESTIMATES.