Shell PLC (XAMS:SHELL)
€ 30.72 0.05 (0.16%) Market Cap: 186.00 Bil Enterprise Value: 218.54 Bil PE Ratio: 13.39 PB Ratio: 1.10 GF Score: 72/100

Q1 2019 Royal Dutch Shell PLC Earnings Call Transcript

May 02, 2019 / 12:30PM GMT
Release Date Price: €28.6 (+0.40%)
Operator

Welcome to the Royal Dutch Shell 2019 Q1 announcement. There'll be a presentation followed by a Q&A session. (Operator Instructions)

This call is being recorded. I would like to introduce the first speaker, Ms. Jessica Uhl. Please go ahead.

Jessica Uhl
Royal Dutch Shell plc - CFO & Executive Director

Thank you. Ladies and gentlemen, good afternoon and welcome to Shell's First Quarter 2019 Results Call. Before we start, let me pause on the disclaimer statement.

Shell delivered another strong set of results in the first quarter of 2019. Building on the successes of 2018, in Q1 2019, we generated cash flow from operations excluding working capital movements of $12.1 billion and CCS earnings of $5.3 billion. These results show the combined strength of our strategy, portfolio and operational performance. We have reshaped Shell to deliver higher returns across our Upstream, Integrated Gas and Downstream businesses.

Today, I will present our Q1 results and then talk about portfolio highlights before providing more insight into our

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