Shell Is Transitioning Back To Being An Oil And Gas Producer
Shell plc is shifting focus towards maximizing shareholder value by emphasizing liquids and gas production, expanding LNG trading, and pausing less profitable biofuel projects. Despite the shift towards hydrocarbons, Shell remains open to renewable fuels and biofuels, with a focus on long-term strategy and potential government mandates to drive demand. Shell's financials show a flat production rate, with investments in oil & gas developments and LNG terminals, as well as a focus on high grading their portfolio for future energy transition.
Shell (SHEL) Approves Waterflood Project to Boost Output at Vito
Shell (SHEL) believes that the waterflood project will contribute to additional production of high-margin, lower-carbon barrels and maximize the potential of the Vito field.
Shell (SHEL), PetroChina Surat Gas Project Expansion Underway
This development aligns with Shell's (SHEL) broader strategy to grow its LNG business by 20-30% by 2030.
Petrol prices at six-month low after falling back to February levels
Petrol prices fell to their lowest since February this week, motor firm the AA reported on Friday. At an average of 143.0p per litre, petrol hit a six-month low, while diesel fell to levels not seen since January at 147.9p.
3 Major Integrated Firms Leading the Energy Transition
There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Shell (SHEL) have what it takes?
Shell to invest in Phase 2 of Surat Gas Project in Australia
Shell plans to develop its joint venture Arrow Energy's Phase 2 of Surat Gas Project in Queensland, Australia, the global energy giant said on Monday.
Shell: Well On Track To Deliver On CMD Sprint
Promising H1 performance with ~2% sequential production growth from start-ups in Oman and Asia-Pacific. Earnings down 5% vs H1 23 as lower commodity prices were partially offset by stabilizing chemical margins and cost savings. EPS up 2% on lower share count. At $1.7B achieved as of H1, mgmt is well on track to deliver $2-3B in structural savings through YE25. Recent divestments should further improve cost base.
Fuel prices too high but unlikely to fall, says RAC
Motorists are still paying inflated prices for fuel at the forecourt according to the latest monthly data from the RAC with no signs they will fall soon. Prices are on average between 5p and 8p a litre more than they should be, according to the motoring lobby group.
Shell Stock: Oil & Gas Giant Committed to Buybacks and Dividends
Shell NYSE: SHEL, the world's fifth-largest oil and gas company, reported Q2 2024 financial results on Aug. 1, 2024. The company has delivered returns above its sector in 2024, with a total return of 13%.
Shell plc (SHEL) Q2 2024 Earnings Call Transcript
Shell plc (NYSE:SHEL ) Q2 2024 Results Conference Call August 1, 2024 9:30 AM ET Company Participants Wael Sawan - CEO Sinead Gorman - CFO Conference Call Participants Lydia Rainforth - Barclays Biraj Borkhataria - RBC Capital Markets Paul Cheng - Scotiabank Giacomo Romeo - Jefferies Roger Read - Wells Fargo Michele Della Vigna - Goldman Sachs Christopher Kuplent - Bank of America Matt Lofting - JPMorgan Lucas Hermann - BNP Irene Himona - Societe General Peter Low - Redburn Atlantic Josh Stone - UBS Kim Fustier - HSBC Operator Welcome to Shell's Second Quarter 2024 Financial Results Announcement. Shell's CEO, Wael Sawan will present the results, then host a Q&A session alongside Shell's CFO, Sinead Gorman.
Shell Posts Q2 Adjusted Profit Beat Despite Declining Refining Margins
Shell (SHEL) on Thursday reported higher-than-forecast second-quarter adjusted earnings, although refining margins at the energy giant dropped from the prior quarter.
