Shell Confirms Gas Discovery in the Southern North Sea Selene Well
SHEL and Deltic Energy confirm significant gas discovery at the Selene prospect in the U.K. Southern North Sea, signaling development.
British Energy Majors May Lean More On Oil And Gas To Boost Profits
A rather unsubtle change is afoot at the world's two British oil majors - BP (LON: BP) and Shell (LON: SHEL). Having pledged and burnt millions on renewable energy moves under their former bosses, both are now turning to traditional oil and gas plays to earn back more than few millions under current ones.
Shell's Dutch environmental battle reaches next stage Tuesday with appeal verdict
Shell PLC's (LSE:SHEL, NYSE:SHEL) next round in its battle with Dutch environmentalists concludes on Tuesday when the verdict on its appeal against the 2021 ruling is announced. The Anglo-Dutch giant was stunned when it lost the original case, which has been cited though not confirmed as a reason for its domicile shift from its traditional home of the Netherlands to the UK.
Shell's Rheinland Refinery to be Transformed to Produce Base Oils
SHEL is all set to lead Europe's energy landscape by converting its Rheinland refinery in Germany: shifting from crude oil to premium base oils.
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
