Shell Has Room To Continue Shareholder Returns
Shell's strong 2024 performance includes $13.2 billion in CFFO, $7.5 billion in FCF, and a 4% dividend yield, with a new $3.5 billion buyback program. The company targets 30-40% of CFFO for shareholder distributions, expects 6% annualized FCF growth, and continues to reduce costs. Shell plans over $20 billion in capital expenditures, focusing on oil, LNG, gas, and low-carbon investments, driving future FCF growth.
Shell to install Jackdaw gas platform in North Sea despite being blocked from drilling, Sky News understands
Energy giant Shell is due to install a multi-billion pound gas platform in the North Sea this spring despite being blocked from drilling, Sky News understands.
Shell Q4 Earnings Miss on Lower Prices, Still Raises Dividend
SHEL reported cash flow from operations of $13.2 billion in Q4, returned $2.1 billion to its shareholders through dividends and spent $6.5 billion on capital projects.
Shell capital markets day draws focus after reassuring figures - analysts
Shell PLC's upcoming capital markets day is now in full focus after fears of soft trading were largely mitigated with earnings on Thursday, analysts have said. Despite missing on earnings, better underlying cash flow from operations spelled results that were not as bad as fears, RBC analysts said in a note.
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off
Atlantic Shores, a joint venture between Shell Plc and France's EDF, reiterated its commitment to delivering New Jersey's first offshore wind project on Thursday, despite Shell's recent $1 billion write-off related to the venture.
Shell, Equinor see Rosebank, Jackdaw consent overturned
A Scottish court has revoked permission to exploit the UK's largest untapped oil reserve, Rosebank, and the smaller Jackdaw project. Having been granted under the previous government, a Court of Session hearing saw Equinor and Ithaca Energy's licenses to exploit the Rosebank field overturned.
Shell sees 2024 oil and gas reserve replacement ratio at 85%
Shell said on Thursday it expects its proved oil and gas reserve replacement ratio for last year to be 85%.
Shell unveils $3.5bn buyback and lifts dividend despite profit drop
Shell PLC has ramped up shareholder rewards despite flagging lower profit for the fourth quarter on the likes of weaker oil prices and squeezed margins. A US$3.5 billion (£2.8 billion) buyback was unveiled in results on Thursday, alongside a 4% increase in dividends to US$0.3580 per share.
Oil giant Shell posts larger-than-expected drop in full-year profit on lower crude prices
British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.
Shell's fourth-quarter profit falls to $3.66 billion
Shell reported a smaller fourth-quarter profit on Thursday, as the oil major took a hit from lower refining margins and lower liquefied natural gas (LNG) trading.
Shell, BT and Apple feature on packed Thursday
A packed Thursday will bring reports from BT, Shell, Sage, St James's Place, before the likes of Apple and GDP figures from across the Atlantic.
Shell: Entering 2025 At A 16% FCF Yield, Top Pick Confirmed
Despite Q4 previewed to be weaker than previously expected, we believe Shell looks well set to outperform during 2025, specifically in a weaker commodity price environment. Valuation has dropped to a ~16% FCF yield, giving Shell a record high ~50% discount vs the broader sector. Distributions also remain attractive, with shares offering a >11% total yield including buybacks, which we believe look well covered down to $65 Brent.
