Shell’s Profits Exploded Last Year

REUTERS/Arnd Wiegmann/File Photo

Daily Caller News Foundation logo
Tim Pearce Energy Reporter
Font Size:

Royal Dutch Shell tripled its profits in one year, but its stock price still fell slightly Thursday morning as investors reacted to Shell’s cash flow problems, The Wall Street Journal reports.

Shell’s profits jumped from $3.5 billion in 2016 to $12.1 billion in 2017, and its fourth quarter earnings bounced from $1 billion to $3.1 billion. The company took a hit in its cash flow, though, as the numbers came in far below expectations. It’s cash flow from operations fell 21 percent in the course of the year.

After the company announced the numbers Thursday, Shell’s stock price dropped 2 percent. It recovered slightly Thursday morning, but held at a 1 percent drop.

The cash flow hit may not be troubling, however, as much of the falling off can be attributed to unanticipated tax payments made after the GOP tax package signed into law at the end of last year, Bloomberg reports.

Shell has been saddled with debt since it purchased the BG Group for $64 billion in 2016. It was able to pay of about $12 billion last year, by selling off some of the company’s assets from the purchase.

Follow Tim Pearce on Twitter

Freedom of Speech Isn’t Free
The Daily Caller News Foundation is working hard to balance out the biased American media. For as little as $3, you can help us. Make a one-time donation to support the quality, independent journalism of TheDCNF. We’re not dependent on commercial or political support and we do not accept any government funding.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact