Profit from the City’s short-termism - buy Shell

Royal Dutch Shell's most recent results failed to impress City investors. But they're missing the bigger picture, says Phil Oakley. It's an excellent share to buy for the long term.

Oil giant Royal Dutch Shell (LSE: RDSB) saw its shares fall by 2% this morning, as its 2011 results failed to impress the City. That's great news, because it gives you a chance to buy the shares cheaper.

Shell's results look good and frankly, they are. Higher oil and gas prices saw net profits rise by 36% to $24.7bn. Post-tax operating cashflow grew by 34% to $36.8bn.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.