Royal Dutch Shell's Earnings Prove Management's Plan Is Working
2017 has been a fantastic year for Royal Dutch Shell (NYSE: RDS-A) (NYSE: RDS-B). The company's financial results don't come anywhere near the results it posted four or five years ago, but the fact that it can produce the results it has in this oil and gas environment is a testament to management's decision to tackle its cost structure and its spending habits.
This quarter was a bit of a milestone for the company as it was able to produce pre-crash levels of cash flow with oil prices only half what they were then. Let's take a look at Shell's most recent financial performance and what investors can look forward to in the coming quarters.
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Source: Fool.com
