Oil Stocks: BP vs Shell

THE WEEK: Morningstar columnist Rodney Hobson on the latest results from oil giants BP and Royal Dutch Shell - and which shares he backed for growth

Rodney Hobson 7 November, 2016 | 9:58AM

It was luck rather than good judgement that originally prompted me to buy Royal Dutch Shell shares (RDSB) rather than BP (BP.) but I can claim that it has been good judgement that persuaded me to stick with my choice. More confirmation came with third quarter figures from the two oil giants last week.

All is far from perfect at Shell. However, group income has more than trebled

BP’s net profit in the quarter was better than in the previous three months but was well down on the third quarter of 2015. The group remained loss making in the first nine months of 2016 while underlying profits, which excludes exceptional items, were less than half those of the same period last year.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC292.75 GBX-2.81
Royal Dutch Shell PLC B1,127.40 GBX-2.84

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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