Shell Hits Snag Offshore Namibia, Records $400M Financial Write-Down
SHEL deems the oil discovery located in Namibia's offshore block PEL 39 commercially infeasible for development.
Shell begins production at Whale in US Gulf of Mexico
Oil and gas major Shell said on Thursday it had started production at the offshore floating facility Whale located in the Gulf of Mexico.
Shell upgraded to 'buy' with cash flow too compelling to ignore
Shell PLC's (LSE:SHEL, NYSE:SHEL) free cash flow has become too compelling to ignore, according to UBS, which upgraded the energy giant to a 'buy' rating with a revised price target of 3,000p, up from 2,800p. Despite a 10% decline in Shell's share price since July, UBS believes the company's strong financial position and restructuring efforts make it an attractive opportunity in the energy sector.
Shell writes down Namibia oil discovery
Shell will write down around $400 million in its fourth quarter results relating mainly to an oil and gas discovery offshore Namibia, the company said on Wednesday.
Shell Faces Heavy Investor Scrutiny Over LNG Expansion Plans
SHEL faces investor backlash over concerns surrounding its LNG sales increase plan conflicting with its climate commitments.
Shell's mixed update pushes LNG to top of the agenda
Is Shell PLC (LSE:SHEL, NYSE:SHEL)giving itself a potential headache from its determined push into liquified natural gas (LNG) Shell has said it wants to expand its LNG business by 20-30% by 2030, with it expected by then to account for nearly a third of the company's upstream output. Some shareholders have already started to question the wisdom of the move and the recent weakness flagged today by the oil giant is unlikely to quell the unease.
Shell Stock Falls on Forecast of Q4 Integrated Gas Output Slump
Shell (SHEL) shares are falling 2% in premarket trading Wednesday after the oil giant said it expects to post a large quarter-over-quarter production slump in its integrated gas division as its hedging contracts expire.
Shell gives 'sketchy' update but has firepower to ride storms, analysts say
An update from Shell PLC (LSE:SHEL, NYSE:SHEL) was "sketchy" on details and provided further evidence that the oil titan is facing challenges, analysts said. Consensus earnings could be cut by up to 10% from the current $5.4 billion, analysts at Jefferies said.
Shell gives vague guidance for fourth quarter
The Shell PLC update contains its headline third-quarter results and fourth-quarter outlook, and is sparse with full quarterly results set to be finalised by January 30. It sets out headline numbers for each division, including production and adjusted earnings, with Integrated Gas production expected to decline due to maintenance at the Pearl Gas to Liquids plant in Qatar and reduced liquid natural gas volumes, with adjusted earnings expected to be in a range of $1.2-1.6 billion compared to $1.4 billion in the third quarter.
Shell trims Q4 LNG production outlook
Shell on Wednesday trimmed its LNG production outlook for the fourth quarter and said trading results for its chemicals and oil products division are expected to be significantly lower than in the third quarter.
Shareholders' climate resolution challenges 'disconnect' in Shell's LNG strategy
Shell's plans to increase sales of liquefied natural gas (LNG) have been called into question by a by major group of shareholders that has filed a resolution asking whether the strategy is compatible with a goal to cut carbon emissions.
EzFill Holdings, Inc. Successfully Closes Acquisition of Shell Fleet, Accelerating Nationwide Mobile Fueling Expansion
Following the Closing of its 2024 Transactions, EzFill is Now Operating in Miami, West Palm Beach, Orlando, Tampa, Jacksonville, Los Angeles, San Francisco, Nashville, Detroit, Dallas, Houston, Austin, San Antonio, and Phoenix MIAMI, January 07, 2025 – EzFill Holdings, Inc.
