Shell (SHEL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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SHEL expects weaker gas output and liquidity pressure amid the Iran conflict, but strong oil trading and marketing gains may support Q1 earnings.
Shell PLC's (LSE:SHEL, NYSE:SHEL) latest 'stronger' trading update has earned the oiler an upgrade among the analysts over at UBS. The Swiss bank's analysts have lifted their first-quarter profit forecast by 18% after Shell's update pointed to improved trading, lower upstream taxes and firmer downstream volumes, though the bank stopped short of turning more bullish on the shares - it is sticking to a 'neutral' rating and 3,850p price target, which implies roughly 8% upside.
Shell (SHEL) reached $92.01 at the closing of the latest trading day, reflecting a -2.27% change compared to its last close.
Paramount says its board of directors followed “standard practice” in evaluating the conduct of President Jeff Shell before his exit from the company. In a statement Wednesday, Paramount said Shell has been a “valued advisor” to the company, having joined Skydance in 2024 before the company's eventual merger with Paramount.
Paramount President Jeff Shell is leaving his position after a lawsuit accused him of violating SEC rules. The company said in a statement that the claims were "baseless.
ExxonMobil CEO Darren Woods famously deemed Venezuela's energy sector to be “uninvestible” in his company's view during a White House meeting on January 9. On Monday, J.P.
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led UK energy stocks lower on Wednesday after oil prices slumped following news of a two-week ceasefire in the US-Iran conflict and signs that traffic through the Strait of Hormuz could resume.
Shell PLC (LSE:SHEL, NYSE:SHEL) revealed that first-quarter gas production will fall from the previous quarter after disruption linked to the war in the Middle East. Ahead of full first-quarter results early next month, the FTSE 100 oil and gas giant said integrated gas output is expected at 880,000 to 920,000 barrels of oil equivalent per day, down from 948,000 in the fourth quarter, reflecting the impact of fighting in the Gulf on volumes from its Qatar operations.
Shell trimmed the first-quarter outlook for its integrated gas production in a quarterly trading update published on Wednesday, reflecting the impact of the Middle East conflict on Qatari volumes.
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