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Rev Your Engines: Royal Dutch Shell Plc Looks Ready To Motor

2013 was another non-starter for Royal Dutch Shell (LSE: RDSB) (NYSE: RDS-B.US), and days into 2014 it stalled again. On Friday, Shell issued a profits warning, predicting adjusted earnings of $2.9 billion for the three months to the end of December, well below City expectations. It blamed oil and gas prices and difficult industry refining conditions. I was as disappointed by any investor, because I was hoping it would start the year with a clean slate, following the appointment of new chief executive Ben van Beurden. But now I’m over the shock, I am hopeful that Shell is finally going to start motoring again.


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