Royal Dutch Shell plc Historical Data
Last Update: 2021-02-03

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 2021-02-03, 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]Q4 2020 EFY 2020 EFY 2021 EFY 2022 EFY 2023 E
Integrated GasNumber of analysts participating2121171717
Integrated GasHighest1,6624,93610,3739,4739,950
Integrated GasConsensus1,0024,2755,9887,2457,794
Integrated GasLowest7734,0464,1705,2905,494
UpstreamNumber of analysts participating2121171717
UpstreamHighest159-1,9474,7776,4148,155
UpstreamConsensus-685-2,7902,1644,1484,585
UpstreamLowest-1,487-3,592-2,1108221,483
Oil Products (CCS basis)Number of analysts participating2323191919
Oil Products (CCS basis)Highest1,6277,0817,4077,9318,081
Oil Products (CCS basis)Consensus9686,4225,3996,2976,544
Oil Products (CCS basis)Lowest1535,6063,8315,2315,761
Chemicals (CCS basis)Number of analysts participating2323191919
Chemicals (CCS basis)Highest4221,0031,6422,0062,359
Chemicals (CCS basis)Consensus2918721,1181,3761,826
Chemicals (CCS basis)Lowest1076876065251,050
Operating IncomeNumber of analysts participating2424202020
Operating IncomeHighest3,06110,26420,67522,99825,928
Operating IncomeConsensus1,5888,79314,68018,72820,360
Operating IncomeLowest3587,5629,46412,32613,177
CorporateNumber of analysts participating2323202020
CorporateHighest-740-3,317-2,362-1,921-1,551
CorporateConsensus-925-3,502-3,325-3,066-2,818
CorporateLowest-1,256-3,833-4,682-4,208-3,800
Non-controlling interestNumber of analysts participating2323202020
Non-controlling interestHighest36-140-180-180-140
Non-controlling interestConsensus-58-233-339-405-424
Non-controlling interestLowest-177-353-500-545-560
Adjusted EarningsNumber of analysts participating2525212121
Adjusted EarningsHighest2,0706,52116,54619,94622,441
Adjusted EarningsConsensus5975,05010,75314,93016,945
Adjusted EarningsLowest-6133,8385,2048,3929,128
Weighted average number of shares (diluted)Number of analysts participating2525212121
Weighted average number of shares (diluted)Highest8,0668,0668,0267,8857,824
Weighted average number of shares (diluted)Consensus7,8277,8287,8137,7047,334
Weighted average number of shares (diluted)Lowest7,7897,7977,7027,3703,812
Adjusted Earnings per shareNumber of analysts participating2525212121
Adjusted Earnings per shareHighest0.260.832.152.714.10
Adjusted Earnings per shareConsensus0.080.641.381.942.36
Adjusted Earnings per shareLowest-0.080.490.671.071.17
Dividend per ShareNumber of analysts participating2323202020
Dividend per ShareHighest0.460.961.131.701.94
Dividend per ShareConsensus0.180.680.700.750.79
Dividend per ShareLowest0.160.650.640.660.66
Cash flow from operating activities *Number of analysts participating2020191919
Cash flow from operating activities *Highest9,57437,39144,66647,78255,803
Cash flow from operating activities *Consensus6,42434,24138,88243,57146,302
Cash flow from operating activities *Lowest3,15030,96731,63337,25238,658
of which decrease / (increase) in working capital (WC)Number of analysts participating1818181818
of which decrease / (increase) in working capital (WC)Highest1,4486,39450000
of which decrease / (increase) in working capital (WC)Consensus-5584,388-433-597-127
of which decrease / (increase) in working capital (WC)Lowest-3,3011,645-3,977-2,993-1,250
Cash flow from operating activities excl. WC movementsNumber of analysts participating2020181818
Cash flow from operating activities excl. WC movementsHighest9,37532,24645,09548,14855,803
Cash flow from operating activities excl. WC movementsConsensus6,93929,81139,59644,48946,178
Cash flow from operating activities excl. WC movementsLowest4,07426,94633,13338,41738,658
Oil price assumption BrentNumber of analysts participating2522212121
Oil price assumption BrentHighest45.543.458.865.065.0
Oil price assumption BrentConsensus44.542.451.756.357.4
Oil price assumption BrentLowest40.040.646.048.050.0
Oil price assumption WTINumber of analysts participating2221202020
Oil price assumption WTIHighest45.040.355.857.561.0
Oil price assumption WTIConsensus42.539.248.352.253.2
Oil price assumption WTILowest37.037.243.044.545.0
Henry Hub price assumptionNumber of analysts participating2522212121
Henry Hub price assumptionHighest3.002.173.303.303.30
Henry Hub price assumptionConsensus2.722.102.802.642.63
Henry Hub price assumptionLowest2.442.002.502.252.25
*) 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: 2021-02-03
ESTIMATES OF THE FOLLOWING INSTITUTIONS WERE INCLUDED IN THE ABOVE FIGURES (DATES OF THE ESTIMATES ARE PROVIDED IN BRACKETS)
AB BERNSTEIN (2021-01-26), BANK OF AMERICA (2021-01-22), BARCLAYS (2021-01-13), BERENBERG BANK (2021-01-26), CITIGROUP (2021-01-19), COWEN AND COMPANY (2021-01-20), CREDIT SUISSE (2021-01-14), EXANE BNP PARIBAS (2021-01-18), GOLDMAN SACHS (2021-01-14), HSBC (2021-01-14), J.P. MORGAN CAZENOVE (2021-01-15), JEFFERIES (2021-01-25), KEPLER CHEUVREUX (2021-01-27), MIZUHO SECURITIES (2021-01-13), MORGAN STANLEY (2021-01-26), ODDO BHF (2021-01-19), PALISSY ADVISORS (2021-01-18), RBC CAPITAL MARKETS (2021-01-18), REDBURN (2021-01-19), SANTANDER (2021-01-20), SCOTIABANK (2021-01-15), SOCIÉTÉ GÉNÉRALE (2021-01-14), TUDOR, PICKERING, HOLT & CO. (2021-01-21), UBS (2021-01-21), WELLS FARGO (2021-01-26).

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.