Shell (RDS.A) Adopts AVEVA Technology for Digital Revolution

Zacks Equity Research
·3-min read

Royal Dutch Shell Plc. RDS.A formed a partnership with UK software specialist AVEVA Group Plc to accelerate the adoption of the latter’s cloud software solutions across the production facilities of Shell’s Global Solutions International as part of its digital transformational strategy.

Shell will install the software firm’s Engineering Data Warehouse technology to form a common digital network across engineering, operations and maintenance. The technology will also deliver reliable information in context from a single source to policymakers across the key responsibilities, while maintaining industrial workers’ safety.

Since AVEVA’s technology is increasingly being recognized as a globally demanding agent of change regarding engineering and industrial software, Shell believes that the state-of-the-art technology will ensure instantaneous improvements for its manufacturing activities. This will enable Shell to improve asset reliability, enhance efficiency and minimize unplanned leisure. The cloud software solution will also provide relevant insights directly from the site operator to the asset leadership team.

Per Johan Krebbers, vice president at Shell’s IT Innovation, the oil major is already receiving benefits from the collaboration with AVEVA for the digital transformation as the current prevailing situation demands remote access to monitor, manage and optimize production facilities. This allowed Shell to carry forward the activities, remotely resulting in smooth access to the necessary applications to provide insights, guidance and tools for a safe, effective and steady productive output.

On its part, Shell aims to ensure frontline industrial laborers’ safety, with continuous service and operational resilience.

Company Profile & Price Performance

Shell is one of the primary oil supermajors — a group of U.S. and Europe-based big energy multinationals — with global operations. The company is fully integrated, as it participates in every aspect related to energy — from oil production to refining and marketing. Its shares have outperformed the industry in the past month. Its shares have gained 1.6% against the industry’s 6.9% decline.



Zacks Rank & Stocks to Consider

Shell currently carries a Zack Rank #3 (Hold). Some better-ranked players in the energy space are Equitrans Midstream Corporation ETRN,Sunoco LP SUN and DCP Midstream Partners LP DCP, each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Over the past 60 days, the Zacks Consensus Estimate for 2020 earnings for Equitrans Midstream has been raised by 18.8%.

Sunoco is expected to see earnings growth of 52.3% in 2021, whereas DCP Midstream is likely to see earnings growth of 169.1% in 2021.

Have You Seen Zacks’ 2020 Election Stock Report?

The upcoming election could be a massive buying opportunity for savvy investors. Trillions of dollars will shift into new market sectors after the election. The question is, which sectors will soar for each candidate? Zacks has put together a new special report to help readers like you target big profits.

The 2020 Election Stock Report reveals specific stocks you’ll want to own immediately after the results are announced – 6 if Trump wins, 6 if Biden wins. Past election reports have led investors to gains of +71%, +83%, even +185% in the following months. This year’s picks could be even more lucrative.

Check out Zacks’ 2020 Election Stock Report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sunoco LP (SUN) : Free Stock Analysis Report
Royal Dutch Shell PLC (RDS.A) : Free Stock Analysis Report
DCP Midstream Partners, LP (DCP) : Free Stock Analysis Report
Equitrans Midstream Corporation (ETRN) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research