RBC trims Shell profit forecast but raises cash flow estimate after trading update

Impact · against what's priced in

The news is marginally positive for Shell as strong downstream margins and cash flow forecasts offset earnings cuts in chemicals. Blackbird receives a positive catalyst from a high-profile endorsement via Google's Chromebook Perks programme.

BIRD+0.80

No priced-in read yet

In context

The selection of elevate.io for Google's Chromebook Perks programme serves as a significant endorsement and a new growth opportunity.

Read from the article alone

• SHEL▲250%
• energy
• earnings
• oil
• cash flow
• BIRD
• buybacks
• downstream margins
• integrated gas
• profit forecast