trending Market Intelligence /marketintelligence/en/news-insights/trending/hVwO8uUF-juefhDHx0O82Q2 content esgSubNav
In This List

US tax cut to dent Q4 Shell results


Illuminating the Opaque: How can Significant Risk Transfer underwriting decisions be made with greater conviction?

Case Study

A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System

Case Study

A PE Firm Capitalizes on Market Opportunities with Robust Data and Analytics


MediaTalk | Season 2
Ep.9 How Consumers Split Their Dollars, Time Among Streaming Services

US tax cut to dent Q4 Shell results

Royal Dutch Shell plc said the potential impact of the U.S. tax reform would be favorable to Shell and its U.S. operations primarily due to the lower corporate tax rate, though the fourth-quarter results will take a hit.

The company did not quantify the expected fourth-quarter charge saying "the analysis of the actual impact is not yet complete." The company said it would publish the actual impact, including any fourth-quarter movements, as part of its fourth-quarter results.

However, on the basis of the third-quarter financial statements, Shell would have incurred an estimated charge of $2.0 billion to $2.5 billion, primarily due to a re-measurement of its deferred tax position to reflect the lower tax rate of 21%.

Earlier in the day, Barclays Plc said it expects to incur a one-off charge of about £1 billion to its 2017 group profit after tax resulting from the new U.S. Tax Cuts and Jobs Act, implemented Dec. 22.