One of the biggest stories of 2015 has been the pain in American energy stocks. But that pain isn’t exclusive to the States — European giant Royal Dutch Shell (RDS.A, RDS.B) just reported earnings, and like many of its peers, the profit front doesn’t look great. The latest earnings report from RDS is a reflection of just how bad oil prices have been, and how badly profits are being crimped.
Still, there’s hope for Royal Dutch Shell. The company’s ongoing acquisition plans — as well as continued cost cutting — could turn the tide and make RDS stock worthy of a buy. RDS reported drastically lower profits for its second quarter. Adjusted earnings of $3.4 billion came in about 33% lower than the year-ago period’s $6.1 billion. On a per-share basis, Royal Dutch Shell’s $1.20 in profits easily beat Zacks estimates of 93 cents, however. Ignore the earnings slump. RDS.A and RDS.B should regain their mojo as BG continues to fire on all cylinders.
Source: InvestorPlace
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