Shell: stock up after Q4 results

(CercleFinance.com) - The Shell stock is up 3.
3% today, largely outpacing the market in London (+0.5% for the FTSE), after the oil giant published Q4 2018 adjusted net profit with constant supply costs that is up 32% to almost 5.7 billion dollars.

The energy giant has mainly benefited from higher realised prices for oil, gas and LNG, as well as higher contributions from crude oil and LNG brokerage, partially offset by deferred tax charges.

In addition, the Anglo-Dutch group has announced the start of the third tranche of its share buyback program that it announced last July, which represents 2.5 billion dollars. As a reminder, the group wants to buyback a total of 25 billion dollars by the end of 2020.



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