Shell Acquires a 609 MW Gas Turbine Power Plant in the United States
SHEL's acquisition of the RISEC power plant reinforces its foothold in New England, enhancing energy supply security and supporting decarbonization.
Shell shares rise as oil major brushes off impacts of global refining slump
The British oil major beat forecasts in posting a 4% drop in its third-quarter profits to $6 billion in the face of a global slump in the market for refined products including diesel, jet fuel and gasoline
Shell keeps up dividend and buyback pace as profits barely dented by lower oil prices
Shell PLC (LSE:SHEL, NYSE:SHEL) unveiled a smaller decline in third-quarter profits than expected and announced a repeat of the same dividend and $3.5 billion share buyback from previous quarters. The oil and gas supermajor reported quarterly adjusted profits of just over $6 billion, down 4% from the second quarter and compared to a year ago, but around 12% better than the average analyst forecast.
Shell Q3 profits of $6 bln beat forecast as gas offsets weak refining
Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher gas sales.
Oil giant Shell posts small drop in third-quarter profit to $6 billion, beating expectations
British oil giant Shell on Thursday posted stronger-than-expected third-quarter profit, partly owing to a sharp drop in crude prices.
Shell Set to Report Q3 Earnings: What's in Store for the Stock?
SHEL beat the Zacks Consensus Estimate for earnings in each of the last four quarters, resulting in an earnings surprise of 12.6%, on average.
Shell's Upcoming Earnings: A Beat Seems Likely, Don't Expect A Surging Share Price
Shell is expected to beat earnings and likely revenue, but this doesn't translate into a buy recommendation due to my expectation of a muted market response. Shell's earnings history under CEO Wael Sawan shows mixed results, with a rough start but a recent string of beats. The company continues to make significant buybacks, but oil and gas sector weakness and valuation concerns suggest holding rather than buying.
Shell set for low key third quarter after refining warning
Shell PLC (LSE:SHEL, NYSE:SHEL) has already flagged a sharp decline in refining profit margins for the third quarter due to weaker global demand though it upgraded its LNG and upstream oil forecasts. Jefferies expects the Anglo-Dutch giant, which will release its results on October 31, to post a net income of $5.4 billion for the third quarter.
Shell setback upsets Nigeria's quest to lure investment
Nigeria's decision this week to block Shell's $2.4 billion sale of its onshore assets has sent a negative signal to investors the country urgently needs to strengthen its all-important oil sector, analysts said.
Shell enters deal to buy RISEC Holdings
Shell plc said on Wednesday its unit, Shell Energy North America, has agreed to acquire 100% equity stake in RISEC Holdings, the owner of a 609-megawatt gas power plant in Rhode Island.
German court rejects Rosneft's challenge to Shell's refinery stake sale
A German court on Wednesday dismissed a complaint by Russian oil firm Rosneft against Shell's planned sale of a stake in Germany's Schwedt refinery, a spokesperson for the court said.
Nigeria fails to approve Shell asset sale to Renaissance
Nigeria has failed to approve the sale of Shell's entire onshore and shallow-water oil and gas in the Niger Delta region to Renaissance, the country's upstream regulator said on Monday.
