Shell plans £3.1bn of buybacks as profits soar on higher oil prices
Shell PLC (LSE:SHEL, NYSE:SHEL) shares rose after stronger oil and gas prices and improved trading led to its highest profits since 2022, with $4.2 billion (£3.15bn) of share buybacks announced. The buybacks comprise a new $3 billion programme on top of $1.2 billion left unfinished after the previous programme was suspended during its agreement to acquire ARC Resources.
Shell stock rises after Q2 earnings: is oil windfall masking weakness?
Shell stock rose Thursday after the energy major reported its strongest quarterly profit since 2022, as higher commodity prices, refining margins and trading gains outweighed disruption in Qatar. Adjusted earnings climbed to $9.84 billion from $6.92 billion in the first quarter, beating the $8.92 billion analyst consensus.
Shell more than doubles its profit in Q2, beating expectations
Shell's adjusted earnings, its definition of net profit, reached $9.84 billion in the second quarter, it said on Thursday, beating expectations and more than doubling its profit from the same time last year.
Shell's Profits Climb as Middle East Conflict Continues to Offer Earnings Windfall
Strong trading performance and higher prices stemming from the conflict in the Middle East enabled the energy major to maintain its quarterly buyback.
Oil giant Shell smashes expectations as profits more than double in second quarter
The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.
Shell Discovers Oil at Mediterranean's Deepest-Ever Offshore Well
SHEL announces Egypt's deepest Mediterranean oil discovery, confirming an active petroleum system as commercial studies assess development potential.
Shell Remains A Buy Ahead Of Q2 Earnings
Shell plc is reaffirmed as a Buy due to its attractive valuation, low leverage, and improving profitability. SHEL's acquisition of ARC Resources adds 370,000 boe/d, targeting 4% annualized output growth through 2030 and $1.5B annual cash flow. Despite recent revenue declines, SHEL's net income and margins have improved on higher realized prices, cost cuts, and better refining margins.
BP, Shell and Harbour Energy led falls as oil prices retreat
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led a broad decline among London-listed oil producers on Monday as crude prices retreated sharply from last week's highs.
Shell (SHEL) Ascends While Market Falls: Some Facts to Note
Shell (SHEL) closed at $87.32 in the latest trading session, marking a +2.63% move from the prior day.
Shell Expands Caribbean LNG Footprint With Bahamas Terminal
SHEL expands its Caribbean LNG footprint with a Bahamas regasification terminal, supporting energy diversification and advancing the integrated gas strategy.
Shell (SHEL) Stock Sinks As Market Gains: Here's Why
In the closing of the recent trading day, Shell (SHEL) stood at $81.4, denoting a -1.02% move from the preceding trading day.
Shell: Q2 Update Suggests A Share Price Bump, Once Iran Crisis Ends
Shell is positioned to benefit from elevated European LNG prices, despite near-term disruptions in its Qatar operations due to the Iran crisis. I initiated a peripheral position in SHEL after a 10% pullback, viewing the LNG market outlook and share price discount as attractive entry points. Shell's Q2 guidance suggests stable upstream production, improved downstream margins, and a volatile but potentially lucrative LNG segment amid market disruptions.
