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Shell’s cash production remains strong despite oil slump

06/02/2020 · IG Group (IGG)  · Shell (SHEL) 

FTSE 100 FTSE 250 Income Booster UK

Investor's Champion income boosters portfolio logo

Two members of our Income Boosters portfolio have reported financial results in recent days. As always, Royal Dutch Shell was one of the first FTSE 100 companies to publish its full-year figures for 2019. A few days earlier, financial trading firm IG Group published its half-year figures for the six months to 31 October.

In this update we'll review both firms' performance and consider the outlook for the year ahead. 


Oil slump hits Shell profits

We chose Shell as one of the early members of our Income Boosters portfolio thanks to its size, longevity and focus on shareholder returns. Although market conditions have worsened over the last year, this view hasn't changed.

Shell's profits fell by 23% to $16.5bn in 2019 due to a 10% reduction in the average oil and gas prices realised by the firm. With operating expenses only down by 4%, return…

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