the fuelcard people

News Categories

previous page

Shell account card news: Analysts predict $2.99bn revenues in final quarter of 2009

03 February, 10
Shell fuel card customers have been told that the company is facing a year-on-year dip in earnings in the final quarter of 2009.

The Anglo-Dutch oil giant will post its official financial report for the last three months of the year on February 4th 2010.

Analysts polled by the energy company itself have forecast that it will post revenues of $2.99 billion (£1.9 billion) over the period, compared to its total of $3.89 billion at the same time in 2008, reports BusinessWeek.

This drop in earnings is expected to come as a result of poorer margins for refined oil products such as diesel.

"In order for the stock to outperform, refining conditions should improve or Royal Dutch Shell needs to show how it can reduce its exposure to the loss-making division," analyst Alexandre Weinberg forecast.

Earlier this week, Shell's rival BP posted an underlying replacement cost profit of $4.4 billion over the same three-month period.

Find out more about the Shell fuel card and start saving now

Posted by James RichmondADNFCR-2675-ID-19596006-ADNFCR

Share |

Shell account card news: Analysts predict $2.99bn revenues in final quarter of 2009