Shell plc (SHEL) on Dec. 2, 2024, has announced an accord with QatarEnergy to secure 3 million metric tons per annum of liquefied natural gas (LNG) for delivery to China starting January 2025. This deal will strengthen Shell’s footprint in Asia, the biggest LNG market.SHEL’s Position in the Growing Asian LNG MarketChina, the world’s largest LNG buyer, imported 71 million metric tons in 2023 and a record high of 79 million metric tons in 2021. As the Asian economies welcome cleaner energy, SHEL forecasts tha ...

Strategic Shift in Shell's Carbon Projects - Shell plc is signaling a strategic shift by selling part of its carbon projects portfolio, aligning with CEO Wael Sawan's focus on higher-return fossil fuel ventures [1] - The company is moving away from operations like offshore wind energy projects that do not provide strategic advantages or premium returns [1] - Shell plans to sell its nature-based carbon projects, reflecting a transition from carbon offset initiatives [4] Challenges in the Carbon Offset Market - The carbon offset market faces challenges, with REDD+ credit spot prices dropping from $12 50 per credit in 2022 to $3 60 in 2023 due to reduced demand and uncertainty about environmental impact [3] - Despite these challenges, the voluntary carbon market is projected to grow from $2 billion to $950 billion by 2037 [3] - Shell, once the world's largest buyer of carbon credits, has reduced its annual spending on new carbon credits from $100 million under new leadership [2][4] Shell's Transition and Future Focus - Under CEO Wael Sawan, Shell is shifting focus to more profitable fossil fuel ventures and exploring engineered carbon removal technologies like Direct Air Capture [4][6] - The company is considering options to sell its carbon projects, either as a minority holder with continued credit purchases or a complete exit without commitments [5] Shell's Position in the Energy Sector - Shell plc is one of the primary oil supermajors with global operations and currently holds a Zacks Rank 3 (Hold) [7] - Investors in the energy sector may consider better-ranked stocks like Mach Natural Resources LP (Zacks Rank 1), Enerflex Ltd (Zacks Rank 2), and Targa Resources Corp (Zacks Rank 2) [8] Performance of Alternative Energy Stocks - Mach Natural Resources LP is expected to achieve 200% year-over-year earnings growth in 2024 [9] - Enerflex Ltd has an expected EPS growth rate of 188 89% for the next quarter, outperforming the industry average [10] - Targa Resources Corp is projected to see 70 22% year-over-year earnings growth in 2024 [11]

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 ...

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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 ...