Royal Dutch Shell's (RDS.A) CEO Ben van Beurden on Q1 2015 Results - Earnings Call Transcript

Royal Dutch Shell PLC (RDS.A) Q1 2015 Earnings Conference Call April 30, 2015 8:30 AM ET

Executives

Ben van Beurden - CEO
Simon Henry - CFO

Analysts

Theepan Jothilingam - Nomura
Jon Rigby - UBS
Oswald Clint - Bernstein
Irene Himona - Societe Generale
Fred Lucas - JPMorgan
Lydia Rainforth - Barclays Capital
Lucas Herrmann - Deutsche Bank
Thomas Adolff - Credit Suisse
Chris Copeland - Bank of America Merrill Lynch
Jason Gammel - Jefferies
Anish Kapadia - PPH
Rob West - Redburn
Bertrand Hodee - Raymond James
Asit Sen - Cowen and Company

Operator

Welcome to the Royal Dutch Shell quarter one results announcement call. There will be a presentation followed by a Q&A session. [Operator Instructions] I would like to introduce your host Mr. Simon Henry.

Simon Henry

Thank you very much. And ladies and gentlemen welcome to today’s presentation. We announced first quarter results this morning. I will take you through them. Of course there will be plenty of time for questions and Ben will join us for the Q&A session. Just before I kick off, an auspicious day today and not only do we have the BG acquisition in the background but it’s my 25^th opportunity to discuss with you as the CFO the results and believe that over 100 times I have done this within Shell. So I look forward to appropriate treatment later.

Before we start, let me highlight the disclaimer. Only this month we announced a recommended offer to acquire BG. This is an important transaction for Shell. The combination with BG would accelerate our financial growth strategy, particularly in deep water and liquefied natural gas, both of these already growth priorities for Shell and areas where the company is one of the industry leaders today.

We’ve assessed this transaction on the range