Shell upgraded to 'buy' with cash flow too compelling to ignore
Shell PLC's (LSE:SHEL, NYSE:SHEL) free cash flow has become too compelling to ignore, according to UBS, which upgraded the energy giant to a 'buy' rating with a revised price target of 3,000p, up from 2,800p. Despite a 10% decline in Shell's share price since July, UBS believes the company's strong financial position and restructuring efforts make it an attractive opportunity in the energy sector.
Shell writes down Namibia oil discovery
Shell will write down around $400 million in its fourth quarter results relating mainly to an oil and gas discovery offshore Namibia, the company said on Wednesday.
Shell Faces Heavy Investor Scrutiny Over LNG Expansion Plans
SHEL faces investor backlash over concerns surrounding its LNG sales increase plan conflicting with its climate commitments.
Shell's mixed update pushes LNG to top of the agenda
Is Shell PLC (LSE:SHEL, NYSE:SHEL)giving itself a potential headache from its determined push into liquified natural gas (LNG) Shell has said it wants to expand its LNG business by 20-30% by 2030, with it expected by then to account for nearly a third of the company's upstream output. Some shareholders have already started to question the wisdom of the move and the recent weakness flagged today by the oil giant is unlikely to quell the unease.
Shell Stock Falls on Forecast of Q4 Integrated Gas Output Slump
Shell (SHEL) shares are falling 2% in premarket trading Wednesday after the oil giant said it expects to post a large quarter-over-quarter production slump in its integrated gas division as its hedging contracts expire.
Shell gives 'sketchy' update but has firepower to ride storms, analysts say
An update from Shell PLC (LSE:SHEL, NYSE:SHEL) was "sketchy" on details and provided further evidence that the oil titan is facing challenges, analysts said. Consensus earnings could be cut by up to 10% from the current $5.4 billion, analysts at Jefferies said.
Shell gives vague guidance for fourth quarter
The Shell PLC update contains its headline third-quarter results and fourth-quarter outlook, and is sparse with full quarterly results set to be finalised by January 30. It sets out headline numbers for each division, including production and adjusted earnings, with Integrated Gas production expected to decline due to maintenance at the Pearl Gas to Liquids plant in Qatar and reduced liquid natural gas volumes, with adjusted earnings expected to be in a range of $1.2-1.6 billion compared to $1.4 billion in the third quarter.
Shell trims Q4 LNG production outlook
Shell on Wednesday trimmed its LNG production outlook for the fourth quarter and said trading results for its chemicals and oil products division are expected to be significantly lower than in the third quarter.
Shareholders' climate resolution challenges 'disconnect' in Shell's LNG strategy
Shell's plans to increase sales of liquefied natural gas (LNG) have been called into question by a by major group of shareholders that has filed a resolution asking whether the strategy is compatible with a goal to cut carbon emissions.
EzFill Holdings, Inc. Successfully Closes Acquisition of Shell Fleet, Accelerating Nationwide Mobile Fueling Expansion
Following the Closing of its 2024 Transactions, EzFill is Now Operating in Miami, West Palm Beach, Orlando, Tampa, Jacksonville, Los Angeles, San Francisco, Nashville, Detroit, Dallas, Houston, Austin, San Antonio, and Phoenix MIAMI, January 07, 2025 – EzFill Holdings, Inc.
Shell to give break from retail with fourth quarter update
Shell PLC's (LSE:SHEL, NYSE:SHEL) fourth-quarter production update tomorrow should give some insight into how it is dealing with the steady drip down in oil prices. Even with a rally at the end of 2024 to $77 a barrel, crude prices have gone nowhere for a year, which might spur even greater emphasis on cost-cutting from chief executive Wael Sawan.
Shell upgraded to Outperform at Wolfe Research on valuation
Wolfe Research upgraded Shell to Outperform from Peer Perform with an $80 price target. The pullback in the shares is an attractive entry point ahead of the company's strategy update that should provide strategy targets through 2030, and Shell's now more-balanced strategy embraces its legacy oil and gas portfolio with the most immediate impact lower cash spending and structural cost savings, the analyst tells investors in a research note. The 2025 update has the potential to rebase Shell's free cashflow growth outlook beyond a view on "real" oil prices, the firm adds.
