Europe’s largest oil company Royal Dutch Shell plc RDS.A reported earnings per ADS (on a current cost of supplies basis, excluding items - the market’s preferred measure) of $1.18, beating the Zacks Consensus Estimate of 98 cents. The beat was driven by strong performance from the company’s Downstream and Integrated Gas segments.

However, the bottom line was 13.2% below the year-earlier quarter's earnings due to lower oil and gas prices.

The Hague-based Shell reported revenues of $89.5 billion, which were 11.8% below third-quarter 2018 sales of $101.5 billion.

Meanwhile, Shell will repurchase $2.75 billion worth of shares up to Jan 27 in the sixth installment of its three-year $25 billion buyback program.

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