Energy giant Shell is due to install a multi-billion pound gas platform in the North Sea this spring despite being blocked from drilling, Sky News understands.The Jackdaw field, which it is claimed could eventually power more than a million UK homes, has to get fresh approval from Downing Street to extract gas after a ruling this week by a Scottish court. A judge in Edinburgh decided the previous Conservative government acted "unlawfully" when it gave consent to Shell's Jackdaw and Rosebank, the UK's larges ...

Europe’s largest oil company, Shell plc (SHEL) , reported fourth-quarter 2024 earnings per ADS (on a current cost of supplies basis, excluding items — the market’s preferred measure) of $1.20. The bottom line came in well below the Zacks Consensus Estimate of $1.78 and fell from the year-earlier quarter’s earnings of $2.22 per American Depositary Share (ADS), dragged down by weaker realized prices, drop in trading margins and lower LNG sales.Find the latest EPS estimates and surprises on Zacks Earnings Cale ...

A Shell logo is displayed on May 03, 2024 in Austin, Texas.British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.Shell posted adjusted earnings of $23.72 billion for the full-year 2024, compared to annual profit of $28.25 billion a year earlier.Analysts had expected Shell's full-year 2024 net profit to come in at $24.71 billion, according to an LSEG-compiled consensus.The energy major posted weaker-than-anticipated adjusted earnings of $3.66 ...

London, January 30, 2025 − The Board of Shell plc (the "Company") (XLON: SHEL, NYSE:SHEL, XAMS: SHELL) today announced an interim dividend in respect of the fourth quarter of 2024 of US$ 0.358 per ordinary share. Details relating to the fourth quarter 2024 interim dividend Per ordinary share(GB00BP6MXD84)   Q4 2024 Shell Shares (US$) 0.358 Shareholders will be able to elect to receive their dividends in US dollars, euros or pounds sterling. Absent any valid election to the contrary, persons holding the ...

London, January 30, 2025 "2024 was another year of strong financial performance across Shell. Despite the lower earnings this quarter, cash delivery remained solid and we generated free cash flow of $40 billion across the year, higher than 2023, in a lower price environment. Our continued focus on simplification helped to deliver over $3 billion in structural cost reductions since 2022, meeting our target ahead of schedule, whilst also making significant progress against all our other financial targets1. T ...

                 SHELL PLC4th QUARTER 2024 AND FULL YEAR UNAUDITED RESULTS                                 SUMMARY OF UNAUDITED RESULTSQuarters$ million Full yearQ4 2024Q3 2024Q4 2023%¹ Reference20242023%928  4,291  474  -78Income/(loss) attributable to Shell plc shareholders 16,093  19,359  -173,661  6,028  7,306  -39Adjusted EarningsA23,716  28,250  -1614,281  16,005  16,335  -11Adjusted EBITDAA65,803  68,538  -413,162  14,684  12,575  -10Cash flow from operating activities 54,684  54,191  +1< ...

British energy Supermajor Shell plc (NYSE: SHEL ) has performed roughly in line with its peers for 2024, underperforming US majors Chevron and Exxon but coming in well ahead of European peers which saw a ~10-15% share price decline over the year. While this year'sAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...

Company Performance - Shell closed at $65.39, reflecting a -1.91% change from the previous day, underperforming the S&P 500's loss of 0.29% [1] - Over the past month, Shell's shares gained 8.64%, outperforming the Oils-Energy sector's loss of 1.71% and the S&P 500's gain of 2.52% [1] Upcoming Earnings - Shell's earnings report is scheduled for January 30, 2025, with projected earnings per share (EPS) of $1.78, indicating a 19.82% decrease from the same quarter last year [2] - The consensus estimate anticipates revenue of $80.1 billion, reflecting a 0.03% decline from the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Shell suggest positive near-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Consensus EPS estimate has decreased by 3.11% over the last 30 days, and Shell currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Shell's Forward P/E ratio is 9.17, which is a premium compared to the industry average Forward P/E of 9.1 [5] - The company has a PEG ratio of 5.96, significantly higher than the average PEG ratio of 1.88 for Oil and Gas - Integrated - International stocks [6] Industry Context - The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector and holds a Zacks Industry Rank of 84, placing it in the top 34% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Earnings and Revenue Estimates - Shell plc (SHEL) is expected to report Q4 earnings of $1.78 per share on revenues of $80.1 billion [1] - The Zacks Consensus Estimate for Q3 earnings remained unchanged, indicating a 19.8% YoY drop, while revenue estimates suggest no significant change from the year-ago period [5] Previous Quarter Performance - In Q3, Shell reported earnings per ADS of $1.92, beating the Zacks Consensus Estimate of $1.72, driven by strong production and higher LNG sales [3] - Q3 revenues of $72.5 billion were 14.3% below the Zacks Consensus Estimate due to weaker commodity prices and a significant drop in Chemicals and Products' performance [3] - Shell has beaten the Zacks Consensus Estimate for earnings in each of the last four quarters, with an average earnings surprise of 15.4% [4] Factors Influencing Q4 Performance - Shell flagged significant hurdles in its integrated gas, renewables, and oil trading divisions, which are expected to impact overall Q4 performance [6] - Earnings from the Integrated Gas division are expected to decline sharply compared to Q3 2024's $2.87 billion, primarily due to the expiry of hedging contracts [7] - Natural gas production is projected to fall to 880,000-920,000 barrels of oil equivalent per day from 941,000 in the previous quarter due to maintenance at Qatar's Pearl GTL plant [7] - LNG volumes are expected to decline to 6.8-7.2 million metric tons from 7.5 million, reflecting reduced feedgas deliveries and fewer cargoes [8] Impairments and Cash Flow Challenges - Shell plans to record a non-cash, post-tax impairment of $1.5 billion to $3 billion, with up to $1.2 billion stemming from its renewables division [9] - The company anticipates a $1.3 billion hit to cash flow from operations due to emission-permit payments in Germany and the United States [9] Trading and Seasonal Weakness - Shell's trading operations in both the Integrated Gas and Oil Products divisions are expected to post significantly weaker results than in Q3 [10] - Seasonal declines in demand and the expiration of hedging contracts have weighed on performance, while chemicals margins have remained depressed [10] Earnings ESP and Zacks Rank - Shell's Earnings ESP is -18.69%, and it currently carries a Zacks Rank 3 (Hold) [12] Alternative Energy Stocks - Energy Transfer (ET) has an Earnings ESP of +9.09% and a Zacks Rank 3, with a Zacks Consensus Estimate indicating 6.1% YoY growth for 2025 earnings per share [13][14] - Helmerich & Payne (HP) has an Earnings ESP of +4.57% and a Zacks Rank 3, with an average earnings surprise of 14.9% over the last four quarters [14][15] - MPLX LP (MPLX) has an Earnings ESP of +0.78% and a Zacks Rank 3, with a Zacks Consensus Estimate indicating 3.5% YoY growth for 2025 earnings per share [15]

Executive Changes - Huibert Vigeveno, Downstream, Renewables and Energy Solutions Director, will step down effective 31 March 2025 after 30 years of service [1] - Wael Sawan, CEO, praised Vigeveno for his leadership in transforming Downstream, Renewables and Energy Solutions, and for successfully integrating BG [2] - Andrew Smith will be appointed Director, Trading and Supply, and Machteld de Haan will be appointed Director, Downstream, Renewables and Energy Solutions, both joining the Executive Committee from 1 April 2025 [2] New Appointments Background - Andrew Smith has been with Shell since 1986, holding various leadership roles including Executive Vice President, Trading and Supply, and leading Shell's LNG and Onshore Gas businesses in Australia [6] - Machteld de Haan joined Shell in 1998, with experience in Lubricants, Chemicals and Products, and was previously CEO of Pennzoil Quaker State Company [6] Company Strategy and Transformation - Shell continues to evolve its structure to deliver more value with less emissions, aligning with its ongoing transformation strategy [2] - The company's financial reporting segments remain unchanged: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate [6] Net Carbon Intensity and Emissions Targets - Shell's Net Carbon Intensity (NCI) includes emissions from production, suppliers, and customers, as well as emissions from energy products purchased for resale [9] - Shell's operating plans reflect Scope 1, Scope 2, and NCI targets for the next ten years but do not yet incorporate the 2050 net-zero emissions target due to its current planning period limitations [10][11]