Shell Q4 Earnings: Can Upstream Gains Offset Weak Spots?

Key Takeaways SHEL's Q4 earnings are expected at $1.21 per share on $68.1B revenues, with flat revisions in recent days.Upstream output rose slightly from Q3, aided by the Adura JV, offsetting weakness in marketing and chemicals.Shell's marketing and chemicals units likely faced Q4 headwinds from seasonality, costs and shifting demand.Shell plc (SHEL) is set to release fourth-quarter results on Feb. 5. The Zacks Consensus Estimate for earnings is $1.21 per share on revenues of $68.1 billion.Let’s delve into ...