Shell plc (SHEL) , in a move to align with its strategy of reducing dependence on conventional crude oil refining and investing in high-value products, has initiated a major conversion of its Rheinland refinery. The said refinery is located at the Wesseling site and will adapt to the growing demands of the European market. By the first quarter of 2025, crude oil processing will be phased out, and the site will be pivoted to produce high-quality Group III base oils, which are essential for lubricants in engi ...

Shell PLC SHEL shares are trading relatively flat on Friday.Yesterday, the company reported revenue of $71.09 billion, beating the consensus of $61.34 billion. Total production at Integrated Gas fell 4% quarter over quarter (Q/Q) to 941 kboe/d, and Upstream rose 2% Q/Q at 1,811 kboe/d. RBC Capital Markets analyst Biraj Borkhataria reiterated the Outperform rating on Shell, with a price forecast of 3,500 pence.The analyst highlighted that the earnings beat was notable for being broad-based rather than relian ...

I analyze oil and gas companies like Shell and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here for a ...

Shell plc (SHEL) enters an accord to acquire RISEC Holdings, LLC, through its subsidiary Shell Energy North America (“SENA”). Per the agreement, SENA will acquire a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, United States, which will help the company secure a long-term energy supply for Shell in the deregulated New England power market. SENA, already a recognized player in this market with an energy conversion agreement with RISEC since 2019, will further strengthen i ...

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected third-quarter profit, partly owing to a sharp drop in crude prices and to lower refining margins. The energy company reported adjusted earnings of $6 billion for the July-September period, beating analyst expectations of $5.3 billion, according to estimates compiled by LSEG. Shell posted adjusted earnings of $6.3 billion in the second quar ...

SHELL PLC 2025 INTERIM DIVIDEND TIMETABLE London, October 31, 2024 The Board of Shell plc today announced the intended timetable for the 2025 quarterly interim dividends. 2025 Interim Dividend Timetable | --- | --- | --- | --- | --- | |--------------------------------------------------------|-------------------|------------------|--------------------|-------------------| | Event | 4th Quarter 2024 | 1st Quarter 2025 | 2nd Quarter 2025 | 3rd Quarter 2025 | | Announcement date | January 30, 2025 | May 2, 2025 ...

Shell plc Third Quarter 2024 Interim Dividend London, October 31, 2024 − The Board of Shell plc (the "Company") (XLON: SHEL, XNYS: SHEL, XAMS: SHELL) today announced an interim dividend in respect of the third quarter of 2024 of US$ 0.344 per ordinary share. Details relating to the third quarter 2024 interim dividend Per ordinary share (GB00BP6MXD84) Q3 2024 Shell Shares (US$) 0.344 Shareholders will be able to elect to receive their dividends in US dollars, euros or pounds sterling. Absent any valid electi ...

London, October 31, 2024 "Shell delivered another set of strong results. We continue to deliver more value with less emissions, whilst enhancing the resilience of our balance sheet. Today, we announce another $3.5 billion buyback programme for the next three months, making this the 12th consecutive quarter in which we have announced $3 billion or more in buybacks." Shell plc Chief Executive Officer, Wael Sawan   STRONG RESULTS, CONSISTENT DISTRIBUTIONS Q3 2024 Adjusted Earnings1 of $6.0 billion, despit ...

Shell plc (SHEL) is set to release third-quarter results on Oct. 31. The current Zacks Consensus Estimate for the to-be-reported quarter is earnings of $1.72 per share on revenues of $84.6 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let’s delve into the factors that might have influenced the integrated energy behemoth’s results in the September quarter. But it’s worth taking a look at SHEL’s previous-quarter performance first.Highlights of Q2 Earnings & Surprise HistoryIn ...

Shell (NYSE: SHEL ) reports earnings 10/31/2024 in the pre-market. I think this is going to be a beat on earnings. Most likely a beat on revenue as well. I have more confidence that earnings will be beatBram de Haas brings 15 years of investing experience to the table and has over 5 years of experience managing a Euro hedge fund. He is also a former professional poker player and utilizes his bundle of risk management skills to uncover lucrative investments based on special situations.Analyst’s Disclosure: I ...