Shell: Smashing Estimates Again, Reiterating Top Pick
Q3 earnings came in 12% ahead of consensus, as strong results in LNG and further progress in cost savings offset a weaker refining business. On both a Q3 and 9M 24 y/y basis, Shell significantly outperformed peers in earnings power, being the only major to deliver y/y EPS growth for both periods. Cash generation was another key highlight with $9.7B in FCF implying a ~$40B/year run-rate (~20% FCF yield) while buybacks continue at $3.5B/quarter (~7% yield).
Shell Q3 Earnings Beat as High LNG Sales Offset Refining Woes
SHEL reported cash flow from operations of $14.7 billion in Q3, returned $2.2 billion to its shareholders through dividends and spent $4.7 billion on capital projects.
Shell plc (SHEL) Q3 2024 Earnings Call Transcript
Shell plc (NYSE:SHEL ) Q3 2024 Earnings Conference Call October 31, 2024 9:30 AM ET Company Participants Wael Sawan - CEO Sinead Gorman - CFO Conference Call Participants Josh Stone - UBS Ryan Todd - Piper Sandler Lydia Rainforth - Barclays Biraj Borkhataria - Royal Bank of Canada Alastair Syme - Citi Rodger Reed - Wells Fargo Michele Della Vigna - Goldman Sachs Irene Himona - Bernstein Giacomo Romeo - Jefferies Lucas Herrmann - BNP Matt Lofting - JP Morgan Doug Leggate - Wolfe Research Kim Fustier - HSBC Christopher Kuplent - Bank of America Martijn Rats - Morgan Stanley Wael Sawan Thank you for joining us today. We hope that after watching this presentation, you've seen we delivered strong results in the quarter and how we are well-positioned to remain resilient throughout the cycle.
Shell Reports Strong Q3: Analysts Highlight Robust Buybacks Amid Market Challenges
Shell PLC SHEL shares are trading relatively flat on Friday.
Shell's 'fortress balance sheet' underlines its appeal, say City analysts
Shell PLC (LSE:SHEL, NYSE:SHEL) is firmly entrenched as one of RBC's top thirty investment ideas after its third-quarter update, with its appeal underpinned by what the Canadian bank describes as a 'fortress balance sheet'. Notable in the latest numbers was that the earnings beat was not driven by a single division but broad-based, RBC adds.
Shell: Take The Time To Consider This Given The Strong Earnings Report
Shell should outperform the coming period of weak oil and gas prices. Mr. Market usually goes to extremes. Extreme pessimism often means a bargain price. The company will get its share of growth projects for a long-term growth rate in the single digits.
Shell Acquires a 609 MW Gas Turbine Power Plant in the United States
SHEL's acquisition of the RISEC power plant reinforces its foothold in New England, enhancing energy supply security and supporting decarbonization.
Shell shares rise as oil major brushes off impacts of global refining slump
The British oil major beat forecasts in posting a 4% drop in its third-quarter profits to $6 billion in the face of a global slump in the market for refined products including diesel, jet fuel and gasoline
Shell keeps up dividend and buyback pace as profits barely dented by lower oil prices
Shell PLC (LSE:SHEL, NYSE:SHEL) unveiled a smaller decline in third-quarter profits than expected and announced a repeat of the same dividend and $3.5 billion share buyback from previous quarters. The oil and gas supermajor reported quarterly adjusted profits of just over $6 billion, down 4% from the second quarter and compared to a year ago, but around 12% better than the average analyst forecast.
Shell Q3 profits of $6 bln beat forecast as gas offsets weak refining
Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher gas sales.
Oil giant Shell posts small drop in third-quarter profit to $6 billion, beating expectations
British oil giant Shell on Thursday posted stronger-than-expected third-quarter profit, partly owing to a sharp drop in crude prices.
Shell Set to Report Q3 Earnings: What's in Store for the Stock?
SHEL beat the Zacks Consensus Estimate for earnings in each of the last four quarters, resulting in an earnings surprise of 12.6%, on average.
