Shell plc’s (SHEL) affiliate, Shell Exploration and Production, has inked a contract with the Bulgarian energy ministry for oil and gas exploration offshore Block 1-26 of the Khan Tervel field, in the country's exclusive economic zone in the Black Sea. The agreement was followed by a competitive bidding process that took place in June. The block, spanning an impressive 4,032 square kilometers, offers robust potential for oil and gas exploration.An Insight Into the Competitive Bidding Process Won by SHELOn J ...

The most recent trading session ended with Shell (SHEL) standing at $62.78, reflecting a +0.38% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.17% loss on the day. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, lost 0.05%.The oil and gas company's shares have seen a decrease of 10.79% over the last month, not keeping up with the Oils-Energy sector's loss of 10.33% and the S&P 500's loss of 3.94%.Market participants will be closely following the finan ...

Investing and choosing the right plays in European Big Oil isn't always cut and dry. The supermajors all have vastly different business profiles with different gives and takes, but as the recent market rout hasAre you an investor looking for quality research within the oil and gas industry? Energy Investing Authority is the source. While commodity prices are up and so too are shareholder dividends, it can be easy to chase yield and buy the wrong firms. Income investors cannot afford those mistakes.Deep-dive ...

The Trump Administration has escalated its crackdown on Venezuela’s oil and gas industry, revoking key licenses for international energy majors, including Shell plc (SHEL) , BP plc (BP) and Chevron Corporation (CVX) . These licenses had previously allowed operations in offshore Venezuelan gas fields and the export of resources to neighboring Trinidad and Tobago.The move affects two major gas projects — Shell’s involvement in the Dragon gas field and BP’s role in the Cocuina-Manakin project. Both projects we ...

Shell plc (SHEL) , the British energy giant, has hired Stena Drilling for work offshore Suriname. The energy giant has awarded a contract to Stena Drilling, via its subsidiaries KE STP Company and BG International Limited Suriname Branch, for the Stena DrillMAX drillship. This drillship is a Mobile Offshore Drilling Unit, commonly used for exploration and production activities in offshore environments.Shell's drilling campaign is anticipated to commence in the second half of this year. Stena Drilling has me ...

Shell plc (SHEL) , one of the world’s leading energy companies, recently revised its liquefied natural gas (“LNG”) production outlook for the first quarter of 2025. This update comes as a result of severe weather disruptions, specifically cyclones, and unexpected maintenance issues at its facilities in Australia.In first-quarter 2025 update note, the London-based integrated oil and gas company now projects LNG output to fall within a range of 6.4-6.8 million metric tons for the first quarter. This represent ...

Shell plc’s (SHEL) subsidiary Shell Offshore Inc. has awarded a significant contract to offshore engineering and services player Subsea 7 S.A. (SUBCY) for its Sparta deepwater development, located in the U.S. Gulf of Mexico. The project is centered at Garden Banks block 959, off Louisiana's southeastern coast, where waters reach depths of up to 1,635 meters.The contract, classified as “sizeable,” will be valued between $50 million and $150 million and will involve transportation and installation of a floati ...

Core Insights - The company provides an updated outlook for Q1 2025, with expectations subject to finalization of results to be published on May 2, 2025 [1] Integrated Gas - Adjusted EBITDA for Integrated Gas shows production expected to be between 910 - 950 kboe/d, slightly up from 905 kboe/d in Q4 2024, impacted by unplanned maintenance [2] - LNG liquefaction volumes are projected to decrease to 6.4 - 6.8 MT from 7.1 MT due to weather impacts and maintenance [2] - Underlying operating expenses (opex) are expected to be between 0.9 - 1.1 billion [2] Upstream - Adjusted EBITDA for Upstream indicates production expected to range from 1,790 - 1,890 kboe/d, down from 1,859 kboe/d in Q4 2024 [4] - Underlying opex is forecasted to be between 2.1 - 2.7 billion [4] - Pre-tax depreciation is expected to be between 1.9 - 2.5 billion, while the taxation charge is projected to be between 2.4 - 3.2 billion [4][5] Marketing - Adjusted EBITDA for Marketing shows sales volumes expected to be between 2,500 - 2,900 kb/d, down from 2,795 kb/d [6] - Underlying opex is anticipated to be between 2.3 - 2.7 billion [6] - Pre-tax depreciation is projected to be between 0.5 - 0.7 billion, with a taxation charge expected to be between 0.2 - 0.5 billion [6] Chemicals and Products - The indicative refining margin is expected to increase from $5.5/bbl in Q4 2024 to $6.2/bbl in Q1 2025 [10] - Chemicals sub-segment adjusted earnings are expected to be in line with Q4 2024 at $126/tonne [10] - Refinery utilization is projected to be between 83% - 87%, up from 76% [10] Renewables and Energy Solutions - Adjusted earnings for Renewables and Energy Solutions are expected to remain at (0.3) billion [11] Corporate - Adjusted earnings for Corporate are projected to be between (0.6) - (0.4) billion, down from (0.4) billion in Q4 2024 [12] Shell Group - Cash flow from operating activities (CFFO) indicates tax paid expected to be between 2.5 - 3.3 billion, down from 2.9 billion [13] - Working capital is expected to range from (5) to 0 billion, including approximately 0.5 billion of deferred German Mineral Oil Taxes settlements [13] - The Q1 2025 net debt movement will reflect a ~$1.5 billion increase related to loan facilities from the SPDC sale [14] Other Considerations - The share of profit/loss from joint ventures and associates in Q1 2025 is expected to be around $0.2 billion, with exploration well write-offs anticipated at $0.1 billion [5] - Trading & Optimization results are expected to align with Q4 2024 despite a higher non-cash impact from expiring hedge contracts [3]

Company Performance - Shell's stock closed at $72.72, reflecting a -0.45% change from the previous day, underperforming the S&P 500 which gained 0.67% [1] - Over the past month, Shell's shares increased by 10.35%, outperforming the Oils-Energy sector's gain of 3.06% and the S&P 500's loss of 5.28% [1] Upcoming Earnings - Shell is expected to report earnings of $1.65 per share, indicating a year-over-year decline of 30.67%, with projected revenue of $79.72 billion, a 6.72% increase from the previous year [2] - For the entire fiscal year, earnings are estimated at $7.22 per share and revenue at $305.26 billion, reflecting changes of -3.99% and +5.62% respectively from the prior year [3] Analyst Estimates and Valuation - Recent adjustments to analyst estimates for Shell indicate evolving short-term business trends, with positive revisions suggesting optimism about the company's profitability [3] - The Zacks Rank system, which reflects estimate changes, currently ranks Shell at 3 (Hold), with a Forward P/E ratio of 10.12, higher than the industry average of 8.47 [5] - Shell's PEG ratio stands at 1.64, compared to the industry average of 1.39, indicating a premium valuation [6] Industry Context - The Oil and Gas - Integrated - International industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 140, placing it in the bottom 44% of over 250 industries [7] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Shell plc (SHEL) , the British energy giant, has announced that it has concluded the sale of its Singapore refinery and the associated refining assets to a joint venture (JV) owned by Chandra Asri, a petrochemical firm based in Indonesia, and Swiss multinational firm, Glencore. The sale of the Singapore refinery was announced by Shell in 2024. The transaction included Bukom and Jurong Islands refining assets. These assets began operations back in 1961.Post the closure of the deal, Chandra Asri, which is a m ...