Royal Dutch Shell reported its third quarter 2016 results. Key points included:
- Earnings of $2.8 billion, down from $2.4 billion in the third quarter of 2015, driven by lower oil and gas prices being offset by higher volumes and lower costs.
- Oil and gas production of 3.25 million barrels of oil equivalent per day, up from 3 million the previous year.
- LNG liquefaction volumes of 3.75 million tonnes.
- Continued focus on re-shaping Shell through consolidating BG, updating capital investment guidance, reducing costs and divestments.
Royal Dutch Shell plc 2014 Management Day analyst webcastShell plc
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live video webcast of the 2014 management day presentation on Thursday March 13, 2014 at 13:00 GMT (14:00 CET / 09:00 EDT).
Royal Dutch Shell plc Brazil shareholder visit 2016Shell plc
On 9, 10, 11 November 2016, Shell holds a field visit for shareholders in Brazil. During the visit, shareholders attend presentations given by senior Shell representatives, which focus on Shell’s operations in Brazil.
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosts a video webcast of the fourth quarter 2014 and full year results on Thursday January 29, 2015.
See http://www.shell.com/results for more information.
Royal Dutch Shell plc first quarter 2016 results presentationsShell plc
Simon Henry, Chief Financial Officer of Royal Dutch Shell plc hosted media and analyst audio webcasts of the first quarter 2016 results on Wednesday May 4, 2016.
Royal Dutch Shell plc 2016 Management Day Shell plc
Royal Dutch Shell plc provided an update on the company during Management Day on Tuesday November 8, 2016. Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live audio webcast of Management Day.
Royal Dutch Shell plc 2014 Management Day analyst webcastShell plc
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live video webcast of the 2014 management day presentation on Thursday March 13, 2014 at 13:00 GMT (14:00 CET / 09:00 EDT).
Royal Dutch Shell plc Brazil shareholder visit 2016Shell plc
On 9, 10, 11 November 2016, Shell holds a field visit for shareholders in Brazil. During the visit, shareholders attend presentations given by senior Shell representatives, which focus on Shell’s operations in Brazil.
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosts a video webcast of the fourth quarter 2014 and full year results on Thursday January 29, 2015.
See http://www.shell.com/results for more information.
Royal Dutch Shell plc first quarter 2016 results presentationsShell plc
Simon Henry, Chief Financial Officer of Royal Dutch Shell plc hosted media and analyst audio webcasts of the first quarter 2016 results on Wednesday May 4, 2016.
Royal Dutch Shell plc 2016 Management Day Shell plc
Royal Dutch Shell plc provided an update on the company during Management Day on Tuesday November 8, 2016. Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live audio webcast of Management Day.
Royal Dutch Shell plc capital markets day 2016 Shell plc
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live analyst video webcast of the Capital Markets Day on Tuesday June 7, 2016, providing an update on the company’s strategy, that sets a clear course for stronger returns and free cash flow.
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live analyst video webcast of the 2016 fourth quarter and full year results on Thursday February 2, 2017.
Shell Socially responsible investors briefing in London - May 11, 2016Shell plc
Ben van Beurden, Chief Executive Officer, Hans Wijers, Non-Executive Director and Chair of the Corporate and Social Responsibility Committee and Harry Brekelmans, Director Projects and Technology, presented to Shell’s Socially Responsible Investors in London during the annual socially responsible investors briefing.
Socially responsible investors briefing in London, April 14, 2015Shell plc
Ben van Beurden, Chief Executive Officer and Chad Holliday, Non-Executive Director and Chairman of the Corporate and Social Responsibility Committee presented to Shell’s socially responsible investors in London during the annual socially responsible investors briefing. The event also included a short presentation on climate change.
Royal Dutch Shell plc second quarter 2014 results analyst webcast presentationShell plc
Ben van Beurden, CEO of Royal Dutch Shell plc, and Simon Henry, CFO of Royal Dutch Shell plc, presented the Royal Dutch Shell plc second quarter 2014 results on July 31, 2014.
Royal Dutch Shell plc second quarter 2016 results webcast presentationShell plc
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live audio webcast of the second quarter 2016 results on Thursday July 28, 2016
Royal Dutch Shell plc Investor Day in New York, September 5, 2014Shell plc
Shell’s management hosted an investor day in New York on September 5, 2014, including presentations by Ben Van Beurden, Chief Executive Officer of, Simon Henry, Chief Financial Officer of, Marvin Odum, Upstream Americas Director of, and John Abbott, Downstream Director of Royal Dutch Shell plc.
Peter Voser, CEO of Royal Dutch Shell, presented the Royal Dutch Shell fourth quarter 2012 results and Strategy update to Analysts on January 31, 2013.
Royal Dutch Shell plc first quarter 2017 results analyst webcast presentationShell plc
Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc hosted a live audio webcast of the first quarter 2017 results on Thursday May 4, 2017 at 13:30 BST (14:30 CEST / 08:30 EDT).
For more information, see http://www.shell.com/results
Royal Dutch Shell plc capital markets day 2016 Shell plc
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live analyst video webcast of the Capital Markets Day on Tuesday June 7, 2016, providing an update on the company’s strategy, that sets a clear course for stronger returns and free cash flow.
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live analyst video webcast of the 2016 fourth quarter and full year results on Thursday February 2, 2017.
Shell Socially responsible investors briefing in London - May 11, 2016Shell plc
Ben van Beurden, Chief Executive Officer, Hans Wijers, Non-Executive Director and Chair of the Corporate and Social Responsibility Committee and Harry Brekelmans, Director Projects and Technology, presented to Shell’s Socially Responsible Investors in London during the annual socially responsible investors briefing.
Socially responsible investors briefing in London, April 14, 2015Shell plc
Ben van Beurden, Chief Executive Officer and Chad Holliday, Non-Executive Director and Chairman of the Corporate and Social Responsibility Committee presented to Shell’s socially responsible investors in London during the annual socially responsible investors briefing. The event also included a short presentation on climate change.
Royal Dutch Shell plc second quarter 2014 results analyst webcast presentationShell plc
Ben van Beurden, CEO of Royal Dutch Shell plc, and Simon Henry, CFO of Royal Dutch Shell plc, presented the Royal Dutch Shell plc second quarter 2014 results on July 31, 2014.
Royal Dutch Shell plc second quarter 2016 results webcast presentationShell plc
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted a live audio webcast of the second quarter 2016 results on Thursday July 28, 2016
Royal Dutch Shell plc Investor Day in New York, September 5, 2014Shell plc
Shell’s management hosted an investor day in New York on September 5, 2014, including presentations by Ben Van Beurden, Chief Executive Officer of, Simon Henry, Chief Financial Officer of, Marvin Odum, Upstream Americas Director of, and John Abbott, Downstream Director of Royal Dutch Shell plc.
Peter Voser, CEO of Royal Dutch Shell, presented the Royal Dutch Shell fourth quarter 2012 results and Strategy update to Analysts on January 31, 2013.
Royal Dutch Shell plc first quarter 2017 results analyst webcast presentationShell plc
Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc hosted a live audio webcast of the first quarter 2017 results on Thursday May 4, 2017 at 13:30 BST (14:30 CEST / 08:30 EDT).
For more information, see http://www.shell.com/results
The global liquefied natural gas (LNG) market has continued to defy expectations, growing by 29 million tonnes in 2017, according to Shell's latest LNG Outlook. Based on current demand projections, Shell sees potential for a supply shortage developing in the mid-2020s, unless new LNG production project commitments are made soon.
Shell scenarios, modelling and decision-makingShell plc
Presentation by Guy Outen (EVP Strategy and Portfolio) and Wim Thomas (Chief Energy Adviser) on September 8, 2017, providing an overview of how Shell quantifies scenarios, using its own detailed energy models, and their use in strategy setting and portfolio decision-making.
Shell responsible investor briefing in London – April 16, 2018Shell plc
Ben van Beurden, Chief Executive Officer, Hans Wijers, Non-Executive Director and Chair of the Corporate and Social Responsibility Committee, Harry Brekelmans, Projects & Technology Director, Donny Ching, Legal Director, and Maarten Wetselaar, Integrated Gas & New Energies Director, presented in London during the annual responsible investors briefing.
Shell responsible investor briefing in London – April 16, 2018Shell plc
Ben van Beurden, Chief Executive Officer, Hans Wijers, Non-Executive Director and Chair of the Corporate and Social Responsibility Committee, Harry Brekelmans, Projects & Technology Director, Donny Ching, Legal Director, and Maarten Wetselaar, Integrated Gas & New Energies Director, presented in London during the annual responsible investors briefing.
Royal Dutch Shell plc Downstream Open House webcastShell plc
John Abbott, Downstream Director of Royal Dutch Shell plc host s a live analyst video webcast of the Downstream Open House for investors on Wednesday March 21, 2018 10:30 GMT (11:30 CET / 06:30 EST).
The Downstream Open House day has been designed to:
- Gain a better understanding of the Shell Downstream business and what sets us apart
- Hear new disclosures relating to investment, growth and new revenue streams
- Find out why our Downstream business remains resilient to crude prices and economic cycles
- Engage in open and focused dialogue with the Shell Downstream Leadership Team
John Abbott will be joined by: Huibert Vigeveno, EVP Global Commercial; István Kapitány, EVP Retail; Lori Ryerkerk, EVP Manufacturing; Andrew Smith, EVP Trading & Supply; Graham van’t Hoff, EVP Chemicals; Bjorn Fermin, EVP Downstream Finance; and Gerard Penning, EVP Downstream Human Resources.
Royal Dutch Shell plc third quarter 2020 resultsShell plc
On Thursday October 29, 2020 Royal Dutch Shell plc released its third quarter results and third interim dividend announcement for 2020.
Ben van Beurden, (CEO, Royal Dutch Shell plc) and Jessica Uhl (CFO, Royal Dutch Shell plc) host a results analyst webcast of the third quarter 2020 results.
On Thursday February 3ʳᵈ 2022 at 07:00 GMT (08:00 CET and 02:00 EST) Shell plc will release its fourth quarter results and fourth quarter interim dividend announcement for 2021.
Royal Dutch Shell plc second quarter 2021 results slidesShell plc
On Thursday July 29, 2021 at 07:00 BST (08:00 CEST and 02:00 EDT) Royal Dutch Shell plc releases its second quarter results and second quarter interim dividend announcement for 2021. These are the Quarterly slides for Q2 2021.
Royal Dutch Shell plc - Enhanced disclosures webcastShell plc
On Tuesday, May 4 Tjerk Huysinga, Executive Vice President Investor Relations, Sinead Gorman, Executive Vice President Finance Upstream, Brian Eggleston, Executive Vice President Finance Downstream, Frank Lemmink, Executive Vice President Finance Integrated Gas and Renewables and Energy Solutions and Roland Ilube, Senior Vice President Finance Mobility host an enhanced quarterly disclosures webcast.
Royal Dutch Shell plc first quarter 2021 results slidesShell plc
On Thursday April 29, 2021 at 07:00 BST (08:00 CEST and 02:00 EDT) Royal Dutch Shell plc released its first quarter results and first quarter interim dividend announcement for 2021. These are the Quarterly slides for Q1 2021.
Ben van Beurden (CEO, Royal Dutch Shell plc) and Jessica Uhl (CFO, Royal Dutch Shell plc) host the analyst webcast of the fourth quarter 2020 results on Thursday February 4th, 2021.
Ben van Beurden (CEO, Royal Dutch Shell plc) and Jessica Uhl (CFO, Royal Dutch Shell plc) host the analyst webcast of the fourth quarter 2020 results on Thursday February 4th, 2021.
Royal Dutch Shell plc second quarter 2020 resultsShell plc
On Thursday July 30, 2020 Royal Dutch Shell plc released its second quarter results and second interim dividend announcement for 2020.
Ben van Beurden, (CEO, Royal Dutch Shell plc) and Jessica Uhl (CFO, Royal Dutch Shell plc) hosted a teleconference and audio webcast of the second quarter 2020 results on Thursday July 30, 2020.
Responsible Investment Annual Briefing – April 16, 2020Shell plc
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc, hosts the Responsible Investment Annual Briefing as a live audio webcast on Thursday April, 16 2020 at 11:00 BST / 12:00 CEST / 06:00 EDT.
Royal Dutch Shell fourth quarter 2019 resultsShell plc
On Thursday January 30, 2020 at 07.00 GMT (08.00 CET and 02.00 EST) Royal Dutch Shell plc released its fourth quarter, full year results and fourth quarter interim dividend announcement for 2019.
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc and Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc host audio webcasts of the fourth quarter 2019 results on Thursday January 30, 2020.
See https://www.shell.com/results for more information.
Royal Dutch Shell third quarter 2019 resultsShell plc
On Thursday October 31, 2019 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2019.
Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc hosted a live audio webcast of the third quarter 2019 results.
The full results can be found on https://www.shell.com/results
Shell gives green light to invest in LNG CanadaShell plc
Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc and Maarten Wetselaar, Integrated Gas & New Energies Director, will host a live audio webcast on Tuesday October 2, 2018 at 14:00 BST (15:00 CEST / 09:00 EDT / 06:00 PDT) about the final investment decision (FID) on LNG Canada on October 2, 2018.
Collective Mining | Corporate Presentation - May 2024
Royal Dutch Shell plc third quarter 2016 results analyst webcast presentation
1. Royal Dutch Shell November 1, 2016
Royal Dutch Shell plc
November 1, 2016
Third quarter 2016 results
Re-shaping Shell,
to create a world-class investment case
“Let’s make the future”
2. Royal Dutch Shell November 1, 2016
Simon Henry
Chief Financial Officer
Royal Dutch Shell
3. Royal Dutch Shell November 1, 2016 3
Definitions &
cautionary note
Reserves: Our use of the term “reserves” in this presentation means SEC proved oil and gas reserves.
Resources: Our use of the term “resources” in this presentation includes quantities of oil and gas not yet classified as SEC proved oil and gas reserves. Resources are consistent with the Society of
Petroleum Engineers (SPE) 2P + 2C definitions.
Resources and potential: Our use of the term “resources and potential” are consistent with SPE 2P + 2C + 2U definitions.
Organic: Our use of the term Organic includes SEC proved oil and gas reserves excluding changes resulting from acquisitions, divestments and year-average pricing impact.
Shales: Our use of the term ‘shales’ refers to tight, shale and coal bed methane oil and gas acreage.
Underlying operating cost is defined as operating cost less identified items. A reconciliation can be found in the quarterly results announcement.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used
for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to
those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell
companies” as used in this release refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint
control are generally referred to as “joint ventures” and “joint operations” respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as
“associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-
party interest.
This release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact
are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions
and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-
looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs,
estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’,
‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of
factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release,
including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves
estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets,
and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and
regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the
risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs;
and (m) changes in trading conditions. There can be no assurance that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this
release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements.
Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2015 (available at www.shell.com/investor and www.sec.gov ).
These risk factors also expressly qualify all forward-looking statements contained in this release and should be considered by the reader. Each forward-looking statement speaks only as of the date
of this release, November 1, 2016. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new
information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this
release.
With respect to operating costs synergies indicated, such savings and efficiencies in procurement spend include economies of scale, specification standardisation and operating efficiencies across
operating, capital and raw material cost areas.
We may have used certain terms, such as resources, in this release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S.
Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
4. Royal Dutch Shell November 1, 2016 4
Summary
Business mix underpins results
Downstream + Integrated Gas offsetting Upstream
Underlying CCS earnings $2.8 billion
CFFO $8.5 billion
Q316 dividend $0.47 per share
Continued drive to re-shape Shell
Consolidating BG into Shell
Updated capital investment guidance
Progressing cost reductions, divestments and
project start-ups
Leader: value +
influence
Reducing our
carbon intensity
Shared value
with society
World-class
investment case
FCF/share + ROCE growth
Conservative financial
management
5. Royal Dutch Shell November 1, 2016
$ billion Q3 2015 Q3 2016
Upstream (0.6) 0.0
Integrated Gas 0.9 0.9
Downstream (CCS) 2.6 2.1
Corporate & non-controlling
interest
(0.6) (0.2)
CCS net earnings 2.4 2.8
CCS earnings, $ per share 0.38 0.35
Cash flow from operations 11.2 8.5
ROACE (%) 6.1 2.8
Dividends 3.0 3.8
Dividend, $ per share 0.47 0.47
5
Q3 2016
Financial
highlights
Earnings and ROACE on CCS basis, excluding identified items
$ billion
Earnings Q3 2015 to Q3 2016
Environment Choice
6. Royal Dutch Shell November 1, 2016
2.75
3.00
3.50
6
Q3 2016
Oil and gas
production
Million boe per day
Upstream + Integrated Gas – oil & gas
Million tonnes
LNG liquefaction volumes
Choice: +28%
3.25
3.75
7. Royal Dutch Shell November 1, 2016
$ billion Q3 2016
Q3 2016
4 Quarters
Beginning cash 15.2 31.8
Earnings 1.4 4.1
Depreciation 6.2 23.7
Working capital / other 0.9 (11.0)
Divestments 0.3 3.3
Capex / other investment (5.5) (24.6)
BG acquisition cash - (11.4)
Shareholder distributions (2.7) (9.3)
Debt / other financing 4.1 13.3
Ending cash 20.0 20.0
7
Q3 2016
Sources and
uses of cash
$ billion
Q3 2016 – 4 Quarters rolling
Dividend
Capex / other investment
Debt / other financing
Divestments
BG acquisition – cash element
Cash flow from operations
Priorities for cash:
Debt reduction
Dividends
Buybacks + capital
investment
8. Royal Dutch Shell November 1, 2016
2016-2018 completed + announced $ billion
Completed – MLP 0.8
– Denmark marketing 0.3
– N.Z.: Maui pipeline 0.2
– MGL IPO 0.1
– Others 0.3
Total completed 1.7
Announced – Showa Shell ~1.4
– Western Canada shales ~1.0
– Brutus/Glider ~0.4
– PSPC IPO ~0.3
– Malaysia & Denmark refining
~0.2
– North Sabah EOR PSC
– Anasuria cluster
– Maclure
Total announced ~3.3
TOTAL ~5.0
In progress – Motiva JV end
– N.Z.: upstream strategic review
– Thailand strategic review
– Selective North Sea strategic review
8
Manage down-cycle
Divestments
Integrated Gas split out from Upstream from 2011 onwards
$ billion
Divestment programme
$30 billion 2016-18
Progressing $6-8 billion
2016
5-10 countries; ~10% of
production
Downstream/Corporate High grading ‘tail’
Infrastructure + mature positions
Refocus portfolio
Upstream
Integrated Gas
Divestments
Reduce
capital investment
Reduce
operating costs
Deliver
new projects
2016-2018
~$30 billion
9. Royal Dutch Shell November 1, 2016 9
Manage down-cycle
Pulling levers to
manage
financial
framework
Operating costs excluding identified items; capital investment 2016 excludes BG purchase price
$ billion
Capital investment
$ billion
Operating costs
Divestments
Reduce
capital investment
Reduce
operating costs
Deliver
new projects
Confirming $29 billion capital investment 2016
2016-20 $25-$30 billion range
2017 ~$25 billion
Outlook for growth in free cash flow and returns
unchanged
Underlying operating costs <$40 billion
Ahead of earlier guidance
-$18 billion
Shell BG Shell + BG C.I. on a cash basis Shell BG
-$9 billion
11. Royal Dutch Shell November 1, 2016 11
LNG supply +
demand Million tonnes
LNG – Supply development
Million tonnes
LNG – Demand
Supply growth led by
Australia
New buyers
12. Royal Dutch Shell November 1, 2016 12
Summary
Business mix underpins results
Downstream + Integrated Gas offsetting Upstream
Underlying CCS earnings $2.8 billion
CFFO $8.5 billion
Q316 dividend $0.47 per share
Continued drive to re-shape Shell
Consolidating BG into Shell
Updated capital investment guidance
Progressing cost reductions, divestments and
project start-ups
Leader: value +
influence
Reducing our
carbon intensity
Shared value
with society
World-class
investment case
FCF/share + ROCE growth
Conservative financial
management
13. Royal Dutch Shell November 1, 2016
Questions & Answers
Maarten Wetselaar
Director - Integrated Gas & new energies
Simon Henry
Chief Financial Officer
13
14. Royal Dutch Shell November 1, 2016 14
Q4 2016
Outlook
Q4 – Q4 OUTLOOK: Year-ago baseline reflects Shell’s earnings seasonality
Upstream
Divestment impact: ~-25 kboe/d
Maintenance: ~+25 kboe/d
Security impact Nigeria
Integrated gas
Accounting reclassification Woodside: ~-34 kboe/d
Maintenance: ~+15 kboe/d
Downstream
Refinery availability higher
Divestment impact Marketing volumes: ~-100 kboe/d
PPA - depreciation charge increase: up to $0.2 billion after tax
Shell + BG earnings sensitivity (2016):
Brent: $10/bbl Brent +/- ~$5 billion earnings per annum, of which:
Upstream +/- ~$3 billion
Integrated Gas +/- ~$2 billion (4-6 month LNG price lag versus Brent)
Henry Hub: $1/mmbtu +/- ~$250 million earnings per annum
15. Royal Dutch Shell November 1, 2016
Q3 2016
Prices & margins $/barrel
Shell oil & gas realisations
$/barrel
Industry refining margins
$/tonne
Industry chemicals margins
US ethane
Western Europe naphtha
NE/SE Asia naphtha
US West Coast
US Gulf Coast coking
Rotterdam complex
Singapore
Oil
Gas (RHS)
15
16. Royal Dutch Shell November 1, 2016 16
Q3 2016
Upstream results
Earnings on CCS basis, excluding identified items
$ billion
Earnings Q3 2015 to Q3 2016
Lower prices
Lower costs + higher
volumes
Environment Choice
17. Royal Dutch Shell November 1, 2016 17
Q3 2016
Integrated Gas
results
Earnings on CCS basis, excluding identified items
$ billion
Earnings Q3 2015 to Q3 2016
Lower oil + gas prices
Increased volumes + lower
well write-offs
Environment Choice
1.2
0
18. Royal Dutch Shell November 1, 2016 18
Q3 2016
Downstream
results
Earnings on CCS basis, excluding identified items
$ billion
Earnings Q3 2015 to Q3 2016
$ billion
Earnings mix
Lower industry refining
margins
Uplift from lower costs
Marketing
Refining & Trading
Chemicals
19. Royal Dutch Shell November 1, 2016
Royal Dutch Shell plc
November 1, 2016
Third quarter 2016 results
Re-shaping Shell,
to create a world-class investment case
“Let’s make the future”