Shell plc (SHEL) Q2 2024 Earnings Call Transcript
Shell plc (NYSE:SHEL ) Q2 2024 Results Conference Call August 1, 2024 9:30 AM ET Company Participants Wael Sawan - CEO Sinead Gorman - CFO Conference Call Participants Lydia Rainforth - Barclays Biraj Borkhataria - RBC Capital Markets Paul Cheng - Scotiabank Giacomo Romeo - Jefferies Roger Read - Wells Fargo Michele Della Vigna - Goldman Sachs Christopher Kuplent - Bank of America Matt Lofting - JPMorgan Lucas Hermann - BNP Irene Himona - Societe General Peter Low - Redburn Atlantic Josh Stone - UBS Kim Fustier - HSBC Operator Welcome to Shell's Second Quarter 2024 Financial Results Announcement. Shell's CEO, Wael Sawan will present the results, then host a Q&A session alongside Shell's CFO, Sinead Gorman.
Shell Posts Q2 Adjusted Profit Beat Despite Declining Refining Margins
Shell (SHEL) on Thursday reported higher-than-forecast second-quarter adjusted earnings, although refining margins at the energy giant dropped from the prior quarter.
Shell underlines UK and greening no longer the priority
Shell PLC (LSE:SHEL, NYSE:SHEL) today underlined how much it is investing in overseas projects just a day after divesting twelve fields in the North Sea and its Bacton gas terminal. The sign-off on the North Sea disposals came a day after Chancellor Rachel Reeves confirmed the windfall levy on North Sea profits would go up by three percentage points.
Shell beats expectations as cost-cutting plans boost profitability
Shell on Thursday beat expectations for the second-quarter in a row as it successfully boosted its profitability through cost-cutting initiatives, in the face of lower oil and natural gas prices.
Shell Earnings Set Bar for Exxon, Chevron
The company said it would buy back $3.5 billion of shares in the third quarter and kept its dividend of $0.344 per share.
Shell launches new buyback as lower fuel prices hit earnings
Shell PLC (LSE:SHEL, NYSE:SHEL) has unveiled another US$3.5 billion (£2.7 billion) share buyback as profits dipped over the first half of the year on lower gas prices. Following an identical buyback programme earlier in the year, Shell said the latest repurchase would be completed over the coming quarter in interim results on Thursday.
Shell posts Q2 profit of $6.3 bln, beating forecasts
Shell on Thursday reported a second-quarter profit of $6.3 billion, a 19% drop from the previous three months but above forecasts, as weaker refining and liquefied natural gas earnings weighed.
Oil giant Shell beats second-quarter profit expectations, launches share buyback program
Shell on Thursday posted stronger-than-expected second-quarter profit after issuing a warning over lower fossil fuel prices and refining margins.
At boisterous Georgia rally, Kamala Harris says she'll show Trump ‘what real leadership looks like'
ATLANTA — Vice President Kamala Harris told a cheering, boisterous, packed arena on Tuesday that the next few months would be a serious fight and acknowledged the Democrats were right now the underdogs — but assured the crowd they would win in November.
Viaro to buy Shell, Exxon's North Sea assets
Independent British oil producer Viaro Energy said on Tuesday it would buy UK Southern North Sea assets owned by Shell and Exxon Mobil
Why Shell (SHEL) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Shell (SHEL) have what it takes?
Buy alert: 2 energy stocks with ‘strong buy' ratings for August 2024
The energy sector has experienced a remarkable turnaround, driven by a confluence of factors, including post-pandemic recovery and geopolitical tensions. The combination of reduced investments during the pandemic and the Russia-Ukraine conflict has created a supply-demand imbalance, pushing oil and natural gas prices to new heights.
