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TomTom

Poor Oil Major Earnings

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Shell was one of the first oil majors to report earnings this morning, and as a result of its 50% drop in profits, the board decided to slow down its share buyback program. 

Both Upstream and Downstream segments got slammed, with upstream plagued by writedowns and downstream assets producing less and selling less oil products in Q4. 

Another concerning point is the rising debt level of this oil major. Free cashflow wasn't enough to cover dividend+share buybacks... 

As a result, Shell saw its stock price slide in early morning trading: https://finance.yahoo.com/quote/RDS-A?p=RDS-A 

Should we brace for another painful earnings season, or will some of the other oil majors perform better? 

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52 minutes ago, TomTom said:

Should we brace for another painful earnings season, or will some of the other oil majors perform better? 

Brace for it.

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