Shell cited in their 2017 Management Day presentation that they are expecting capital investments between 2018 and 2020 to average $25-30 billion per year reports Criterion Research. This is the upperband from 2017 spending of $25 billion.
Royal Dutch Shell $RDS.A reported strong third quarter results Thursday, almost doubling profits from a year ago. Shell followed big oil earnings from Exxon Mobil and Chevron last week
Energy company earnings kicked off this week with oil service giants $SLB & $HAL, Oil majors $XOM $RDG.A $COP and $CVX, Pipelines $TCP Natural gas $ECA $COP. Catch up on all the energy earnings you may have missed.
Royal Dutch Shell $RDS.A reported strong second quarter results Thursday, tripling profits before the market opened. Shell leads off big oil earnings with Exxon Mobil and Chevron tomorrow.