Shell PLC

Shell Plc engages the production of oil and natural gas. It operates through the following segments: Integrated Gas, Upstream, Oil Products, Chemicals, and Corporate. The Integrated Gas segment includes the liquefied natural gas, conversion of natural gas into gas to liquid fuels and other products, and new energies portfolio. The Upstream segment explores and extracts crude oil, natural gas, and natural gas liquids. The Oil Products segment is involved in refining and trading, and marketing classes of business. The Chemicals segment manages manufacturing plants and its own marketing network. The Corporate segment consists of holdings and treasury, self-insurance activities, and headquarters and central functions. The company was founded in February 1907 and is headquartered in London, the United Kingdom.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Shell Plc engages in the business of producing oil and natural gas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. The Integrated Gas segment includes liquefied natural gas, and conversion of natural gas into gas-to-liquids fuels. The Upstream segment focuses on exploration and extraction of crude oil, natural gas, and natural gas liquids. The Marketing segment is involved in mobility, lubricants, and sectors and decarbonization businesses. The Chemicals and Products segment consists of chemicals manufacturing plants with marketing network and refineries, which turn crude oil and other feedstocks into a range of oil products. The Renewables and Energy Solutions segment provides renewable power generation, marketing, trading, and optimizing power and pipeline gas, as well as carbon credits and digitally enabled customer solutions. The Corporate segment covers non-operating activities supporting Shell such as holdings, treasury organization, self-insurance activities, and headquarters and central functions. The company was founded in February 1907 and is headquartered in London, the United Kingdom.

Shell on Thursday reported a 2023 profit of $28 billion, down 30% from the previous year's record as oil and gas prices cooled, still allowing the firm to increase its dividend by 4% and extend its share repurchases.

Shell's 2023 profit falls 30% to $28 billion, dividend boosted

British oil giant Shell on Thursday beat expectations for full-year profit and announced a $3.5 billion share buyback program of $3.5 billion.

Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback

London, February 1, 2024 − The Board of Shell plc (the “Company”) today announced an interim dividend in respect of the fourth quarter of 2023 of US$ 0.344 per ordinary share.

Shell plc Fourth Quarter 2023 Interim Dividend

Shell plc publishes fourth quarter 2023 press release

SHELL PLC4th QUARTER 2023 AND FULL YEAR UNAUDITED RESULTS                                                                   SUMMARY OF UNAUDITED RESULTS Quarters $ million   Full year Q4 2023 Q3 2023 Q4 2022 %¹   Reference 2023 2022 % 474    7,044    10,409    -93 Income/(loss) attributable to Shell plc shareholders   19,360    42,309    -54 7,306    6,224    9,814    +17 Adjusted Earnings A 28,250    39,870    -29 16,335    16,336    20,600    — Adjusted EBITDA A 68,538    84,289    -19 12,575    12,332    22,404    +2 Cash flow from operating activities   54,196    68,414    -21 (5,657)   (4,827)   (6,918)     Cash flow from investing activities   (17,737)   (22,448)     6,918    7,505    15,486      Free cash flow G 36,460    45,965      7,113    5,649    7,319      Cash capital expenditure C 24,393    24,833      10,897    10,097    11,114    +8 Operating expenses F 39,959    39,477    +1 10,565    9,735    11,037    +9 Underlying operating expenses F 39,201    39,456    -1 8.4% 12.0% 16.7%   ROACE on a Net income basis D 8.4% 16.7%   11.6% 12.5% 15.8%   ROACE on an Adjusted Earnings plus Non-controlling interest (NCI) basis D 11.6% 15.8%   81,541    82,147    83,795      Total debt E 81,541    83,795      43,541    40,470    44,837      Net debt E 43,541    44,837      18.8% 17.3% 18.9%   Gearing E 18.8% 18.9%   2,827    2,706    2,831    +4 Total production available for sale (thousand boe/d)   2,791    2,864    -3 0.07    1.06    1.47 -93 Basic earnings per share ($)   2.88    5.76    -50 1.11    0.93    1.39    +19 Adjusted Earnings per share ($) B 4.20    5.43    -23 0.3440    0.3310    0.2875    +4 Dividend per share ($)   1.2935    1.0375    +25 1.Q4 on Q3 change   Quarter Analysis1 Income attributable to Shell plc shareholders, compared with the third quarter 2023, reflected higher LNG trading and optimisation margins, favourable deferred tax movements, and higher production, offset by lower refining margins, lower margins from crude and oil products trading and optimisation, and higher operating expenses. Fourth quarter 2023 income attributable to Shell plc shareholders also included net impairment charges and reversals ($3.9 billion), and unfavourable movements due to the fair value accounting of commodity derivatives.

SHELL PLC 4TH QUARTER 2023 AND FULL YEAR UNAUDITED RESULTS

Tesla

Recent Red Sea diversions triggered a prolonged energy market impact. Despite U.S. and ally strikes on Houthi rebels, experts predict a months-long crisis causing a cargo container shortage.

3 Popular Brands at Risk of ‘Red Sea' Shortages or Price Hikes

Shell's (SHEL) strategic shift transforms the Wesseling site into a cutting-edge base oil plant, aligning with its sustainability goals and positively impacting the European Union's demand.

Shell's (SHEL) Wesseling Site Shifts Focus to Base Oils

Shell's exit from Nigeria's onshore oil sector highlights risks oil majors face in Africa's biggest exporter but has raised hopes that local firms could reverse the output decline from the Niger Delta, industry officials and analysts said.

Nigeria oil enters unclear new era after Shell's onshore asset sale

Eni SpA Sponsored ADR

There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).

3 Integrated Majors Leading the Energy Transition Race

While Shell (SHEL) is optimistic about its integrated gas trading and production segments, it cautions that the chemicals and products segment is expected to report an adjusted earnings loss in Q4.

Shell (SHEL) Q4 Earnings Coming Up: Here's What to Expect

Washington, D.C.--(Newsfile Corp. - January 24, 2024) - The Securities and Exchange Commission today adopted new rules and amendments to enhance disclosures and provide additional investor protection in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business combination transactions between SPACs and target companies (de-SPAC transactions).

SEC Adopts Rules to Enhance Investor Protections Relating to SPACs, Shell Companies, and Projections

Barclays thinks while Shell's “first sprint” under the new leadership appears to be going well with an increased focus on competitiveness, discipline and costs, there is also more to do to close the performance gap.  It believes two assets, Prelude LNG and the Pennsylvania cracker, could account for a c$3 billion earnings gap on its estimates.

Shell starting to 'sprint' under new leadership, says Barclays

Chevron

Houthi attacks create waves of uncertainty in Red Sea shipping, prompting major companies to reassess routes and security measures. An unpredictable situation raises market concerns.

How Is the Red Sea Conflict Affecting the Oil Industry?

Shell (SHEL) starts trimming its workforce to enhance operational efficiency and drive performance.

Shell (SHEL) Starts Job Cuts in a Push to Boost Performance

A pipeline owned by Shell's subsidiary in Nigeria has spilled crude oil in the Niger Delta following a leak, the country's spills agency and an environmental group said on Saturday.

Nigeria's oil spills agency investigating Shell pipeline leak report

Shell (SHEL) gears up for an appeal hearing, slated for April, against a Dutch court ruling to reduce carbon emissions by 45% based on the 2019 level.

Shell's (SHEL) Appeal Against Climate Ruling to Begin in April

Scirocco Energy PLC (AIM:SCIR) told investors it expects to receive a third and final payment, of £91,666, for its minor equity holding in Corallian Energy which was bought by Shell from Reabold Resources. It follows previous payments of £67,000 and £108,333, representing 80p and £1.30 per Corallian share respectively, and would mean that Scirocco will see a total per share return of £3.20 from its holding in Corallian.

Scirocco Energy confirms cash boost as Shell makes final Corallian payment

Shell's (SHEL) Victory gas project gets approval after 47 years. Lower emissions are set to boost the U.K. energy security and resilience.

Shell's (SHEL) Victory Gas Project to Boost U.K. Production

Reabold Resources PLC (AIM:RBD) is set for another cash boost, with Shell giving the AIM-quoted company notice of its final payment under the Victory asset sale. The final payment is for £4.4 million, which follows the £8.3 million of sale proceeds paid by Shell to date.

Reabold Resources set for final cash payment from Shell deal

Shell (SHEL) concluded the recent trading session at $61.04, signifying a -1.17% move from its prior day's close.

Shell (SHEL) Registers a Bigger Fall Than the Market: Important Facts to Note

PRESS RELEASE Global Bioenergies announces the start of a new phase in its collaboration with Shell to develop low-carbon road fuels Evry, 17 January 2024 – 05:45 p.m.: Global Bioenergies (FR0011052257 – ALGBE), a key player in industrial biotechnology, announces that the company has signed a new development contract with Shell Global Solutions (Deutschland) GmbH (“Shell”) to further develop low carbon road fuels.

Global Bioenergies announces the start of a new phase in its collaboration with Shell to develop low-carbon road fuels

Sunoco

TC Energy

Valaris Ltd

SHEL, SUN, E, TRP and VAL emerge as the energy headline makers during the week.

Shell's Q4 Update & Sunoco's $1B Sale Lead the Oil & Gas Stock Roundup

Shell has given the financial go-ahead for the development of the Victory gas field in the British North Sea, the latest development aimed at boosting the energy giant's production in the ageing basin.

Shell approves plan to develop North Sea gas field

Shell PLC (LSE:SHEL, NYSE:SHEL) has been downgraded by equity analysts at investment bank UBS, who predict it will take longer for the oil company to transition to low-carbon energy than its peers.  UBS has downgraded its rating for the oil company from ‘buy' to ‘neutral', explaining that its low-carbon strategy will take years to have an impact.

Shell downgraded as low-carbon transition lags behind peers

Shell (SHEL) reveals its plan to sell a Nigerian oil subsidiary for up to $2.4B, addressing historical challenges, boosting finances and realigning strategy toward deepwater and gas.

News for Shell PLC Stock (SHEL)