Royal Dutch Shell plc (RDS.A) Q3 2019 Results Conference Call October 31, 2019 9:30 AM ET
Company Participants
Jessica Uhl - CFO
Ben van Beurden - CEO
Conference Call Participants
Oswald Clint - Bernstein
Christyan Malek - JPMorgan
Thomas Adolff - Credit Suisse
Lydia Rainforth - Barclays
Jason Gammel - Jefferies
Michele Della Vigna - Goldman Sachs
Henry Tarr - Berenberg
Jon Rigby - UBS
Irene Himona - SocGen
Dan Boyd - BMO Capital Markets
Martijn Rats - Morgan Stanley
Peter Low - Redburn
Christopher Kuplent - Bank of America Merrill Lynch
Lucas Herrmann - Exane
Operator
Welcome to Royal Dutch Shell 2019 Q3 Announcement. There will be a presentation, followed by a Q&A session. [Operator Instructions] Today’s conference is being recorded.
I would now like to turn the call over to Mrs. Jessica Uhl. Please go ahead, ma’am.
Jessica Uhl
Thank you.
Ladies and gentlemen, welcome to Shell’s third quarter results call, and thank you for joining us today. Before we start, let me highlight the disclaimer statement.
In today’s call I will take you through Shell’s performance and the results for the third quarter. We will also look at how these results fit into our longer-term trends, supporting progress towards our outlook for 2020 organic free cash flow. Later, I will also highlight the successes we have seen in our retail and LNG businesses, both of these businesses are core to our world-class investment case, and embrace the strengths of our brand, scale and capabilities.
But let us begin with our financial performance. Last quarter we continued to deliver strong cash flow and earnings. This is despite continued weak oil and gas prices, and chemicals margins. We have seen the value potential of one of our core strengths, trading and optimization, which allowed us to capitalize on the current market conditions. This has resulted in
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