Why Shell Stock Fell despite Earnings Beat
Royal Dutch Shell (RDS.A) announced its earnings on April 26 before the market opened. The stock opened at $69.8 per share, lower than the previous close of $71.1. Eventually, Shell stock closed at $70.3, around 1.1% lower than the previous day’s close. This performance is quite contrary to the broader market indicator, which rose on the day. Also, crude oil prices rose, and Shell’s peers ExxonMobil (XOM), Chevron (CVX), and BP (BP) rose.