Shell's first-quarter profit soared 42% to its highest level in more than three years
According to the financial report released by Royal Dutch Shell on April 26, 2018, due to rising oil prices and increased production, Shell's first-quarter profit soared by 42% to the highest level in the past three years. However, due to the lower cash flow forecast, Shell's stock price has declined. Due to cost reductions and efficiency gains, after Shell defeated ExxonMobil, the larger rival, in two ways in 2017, it is expected that Shell will continue to create strong profits and cash flow this year. Although profits exceeded expectations by an average of $5.3 billion, Shell's share price fell by 2.1% due to lower than expected cash flow. Barclays analysts said in a report that in the past few months, external concerns about large oil companies have been the return of cash flow, especially considering that strong first-quarter profit is usually Seasonal. Barclays analysts have said they expect negative stock reactions. Aluminum Profile,Aluminum Extrusion Cnc,Aluminum Machined Parts,Cnc Aluminum Profile Guangyuan Aluminum , https://www.guangyuan-alum.com
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