Oil Prices Drop to Four-Year Low. Big Mergers Like a Shell, BP Combo Could Appeal.
Increased supply from OPEC and the economic uncertainty of trade wars weighing on demand could be a brutal combination for energy prices.
Shell weighs possible BP takeover amid oil sector turbulence
Britain's oil and gas sector may shrink from two super-majors to just one if weekend reports come to fruition. According to Bloomberg, Shell PLC (LSE:SHEL, NYSE:SHEL) is exploring the feasibility of a takeover bid for BP PLC (LSE:BP.
Shell is studying merits of BP deal, Bloomberg News reports
Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc , though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with the matter.
Shell plc (SHEL) Q1 2025 Earnings Conference Call Transcript
Shell plc (NYSE:SHEL ) Q1 2025 Earnings Conference Call May 2, 2025 10:00 AM ET Company Participants Sinead Gorman - CFO Wael Sawan - CEO Conference Call Participants Josh Stone - UBS Peter Lowe - Redmond Atlantic Lydia Rainforth - Barclays Paul Cheng - Scotiabank Biraj Borkhataria - RBC Giacomo Romeo - Jefferies Henry Tarr - Berenberg Matt Lofting - JP Morgan Martijn Rats - Morgan Stanley Roger Read - Wells Fargo Christopher Kuplent - Bank of America Lucas Herrmann - BNP Doug Leggate - Wolfe Research Sinead Gorman Welcome to Shell's First Quarter 2025 Results. Just over five weeks ago at our Capital Markets Day in New York, Wael and I outlined the Shell investment case and our longer-term vision for the company.
Shell Stock Climbs on Strong Earnings, $3.5B Buyback Boost
Shell (SHEL) shares climbed Friday after the energy giant posted stronger-than-expected quarterly results and announced a $3.5 billion share buyback program.
Shell announces $3.5bn share buyback as profits beat but cash flow misses forecasts
Shell PLC (LSE:SHEL, NYSE:SHEL) announced a $3.5 billion (£2.6 billion) share buyback as first-quarter profits came in stronger than expected, but cash flow ebbed amid falling oil prices. The oil giant reported adjusted earnings of $5.6 billion, up 52% from the preceding quarter and ahead of the average analyst forecast of $5 billion, but down 27% from the same period a year ago.
Shell Launches $3.5 Billion Share Buyback After Earnings Beat Expectations
The buyback marks the 14th consecutive quarter of at least $3 billion in buybacks, Shell said.
Oil major Shell posts sharp fall in first-quarter profit on weaker crude prices
Shell posted adjusted earnings of $5.58 billion for the first three months of the year, beating analyst expectations of $5.09 billion, according to an LSEG-compiled consensus. The oil major reported adjusted earnings $7.73 billion over the same period last year and $3.66 billion for the final three months of 2024.
Shell to Report Q1 Earnings: What's in Store for the Stock?
SHEL topped the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other.
National Grid poaches new CEO from Shell
National Grid PLC (LSE:NG.) has appointed Zoë Yujnovich, former Shell PLC (LSE:SHEL, NYSE:SHEL) gas and upstream director, as its new chief executive as John Pettigrew retires after almost 10 years in the role.
ExxonMobil Surges Ahead in Low-Carbon Push, BP and Shell Retreat
XOM plans to invest up to $30B in low-emission projects by 2030, overtaking BP and Shell, which are scaling back clean energy efforts amid market headwinds.
Shell and BP higher as Brent price stabilises after tricky week
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) edged higher in early trading on Monday as oil prices rebounded after a mildly schizophrenic week.
