30.10.2014 - Royal Dutch Shell has improved financial performance
Royal Dutch Shell today reported its results for the 3rd quarter of this year, which despite falling of oil prices exceeded analysts' expectations. Thus, the net profit totaled 5.27 billion dollars against 4.25 billion for the same period last year. It is worth noting that the highest growth was recorded in the refining and petrochemicals due to the fall in commodity prices, but even the production of oil and gas has yielded positive results due to lower costs and increased efficiency. Given the 30-billion program to pay dividends and repurchase shares, we recommend to buy the company's shares with the potential growth of 25-30% per year.