Royal Dutch Shell plc Estimates Overview >> Consensus
Last Update: 2021-04-21

Royal Dutch Shell plc Analysts' Consensus Estimates
Financial Figures in Million US-Dollar (except where indicated differently)
[in Mill. US Dollar]Q1 2020Q1 2021 E
Integrated GasNumber of analysts participating20
Integrated GasHighest1,945
Integrated GasConsensus2,1431,330
Integrated GasLowest794
UpstreamNumber of analysts participating20
UpstreamHighest2,189
UpstreamConsensus2911,073
UpstreamLowest324
Oil Products (CCS basis)Number of analysts participating23
Oil Products (CCS basis)Highest1,526
Oil Products (CCS basis)Consensus1,3631,021
Oil Products (CCS basis)Lowest777
Chemicals (CCS basis)Number of analysts participating23
Chemicals (CCS basis)Highest648
Chemicals (CCS basis)Consensus148421
Chemicals (CCS basis)Lowest115
CorporateNumber of analysts participating23
CorporateHighest-512
CorporateConsensus-989-661
CorporateLowest-726
Less: Non-controlling interest (CCS basis)Number of analysts participating23
Less: Non-controlling interest (CCS basis)Highest-6
Less: Non-controlling interest (CCS basis)Consensus-97-83
Less: Non-controlling interest (CCS basis)Lowest-125
Royal Dutch Shell Adjusted EarningsNumber of analysts participating24
Royal Dutch Shell Adjusted EarningsHighest4,038
Royal Dutch Shell Adjusted EarningsConsensus2,8603,125
Royal Dutch Shell Adjusted EarningsLowest2,213
Cash flow from operating activitiesNumber of analysts participating17
Cash flow from operating activitiesHighest9,843
Cash flow from operating activitiesConsensus14,8517,514
Cash flow from operating activitiesLowest5,879
of which decrease / (increase) in working capitalNumber of analysts participating17
of which decrease / (increase) in working capitalHighest-337
of which decrease / (increase) in working capitalConsensus7,478-2,425
of which decrease / (increase) in working capitalLowest-4,000
Cash flow from operating activities excl. working capital movementsNumber of analysts participating23
Cash flow from operating activities excl. working capital movementsHighest11,759
Cash flow from operating activities excl. working capital movementsConsensus7,3739,952
Cash flow from operating activities excl. working capital movementsLowest8,361
Oil price assumption BrentNumber of analysts participating24
Oil price assumption BrentHighest62.0
Oil price assumption BrentConsensus50.160.6
Oil price assumption BrentLowest51.0
Oil price assumption WTINumber of analysts participating23
Oil price assumption WTIHighest59.0
Oil price assumption WTIConsensus45.557.6
Oil price assumption WTILowest48.0
Henry Hub price assumptionNumber of analysts participating24
Henry Hub price assumptionHighest3.37
Henry Hub price assumptionConsensus1.892.81
Henry Hub price assumptionLowest2.50
*) Including working capital movement, excluding interest expenses (net)

LAST UPDATE: 2021-04-21
ESTIMATES INCLUDED FROM AMONGST OTHERS:
AB BERNSTEIN, ABN AMRO - ODDO BHF, BANK OF AMERICA, BARCLAYS, BERENBERG BANK, COWEN AND COMPANY, CREDIT SUISSE, EXANE BNP PARIBAS, GOLDMAN SACHS, HSBC, KEPLER CHEUVREUX, MIZUHO SECURITIES, MORGAN STANLEY, RBC CAPITAL MARKETS, REDBURN, SANTANDER, SCOTIABANK, SOCIÉTÉ GÉNÉRALE, TUDOR, PICKERING, HOLT & CO., WELLS FARGO.

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.