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 ...

Shell plc’s(SHEL) deal to sell its onshore Nigerian subsidiary, Shell Petroleum Development Company Ltd ("SPDC"), for $1.3 billion has suffered a setback, with the Nigerian Upstream Petroleum Regulatory Commission ("NUPRC") stating that the future buyer lacked the required qualifications to manage the assets.Overview of SHEL’s Divestment DealSHEL announced its divestment strategy in January 2024, according to which the company had cracked a deal to sell its 15 oil mining leases for onshore and three shallow ...

Brazil's state-owned energy giant, Petrobras S.A. (PBR) , has inked three important concession agreements with London-based oil major Shell and China's CNOOC for acquiring blocks in the Pelotas Basin offshore southern Brazil. The company received these contracts during the fourth cycle of the permanent concession offer held in December 2023 by the National Agency of Petroleum, Natural Gas and Biofuels ("ANP"). Overview of PBR's Concession Agreements During the fourth cycle of the permanent concession offer ...

Can you afford to wait another year for oil prices to rise? Can you afford not to buy oil stocks before they do? Oil stocks tumbled on Tuesday, with both ExxonMobil (XOM -2.18%) and ConocoPhillips (COP -2.35%) shares sliding 2.8%, and Shell (SHEL -3.04%) falling 3.2% through 10:10 a.m. ET. After strengthening to a recent high north of $77, West Texas Intermediate (WTI) crude oil prices turned tail and began falling last week. At roughly $70.60 per barrel, crude oil today costs 9% less than it did just a wee ...

In this article CMCSA PARA Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. Eric Gaillard | Reuters Less than two years after NBCUniversal fired Jeff Shell for alleged sexual harassment, the former CEO is close to finding himself back in the saddle leading a storied media company. The longtime media executive is primed to help run the day-to-day media operations of Paramount Global as president of the compa ...

Shell plc (SHEL) , the British oil and gas giant, has mentioned that its refining margins took a significant hit in the third quarter. The company's profit margin in the Refining segment dropped 30% compared to the previous quarter. This was mainly due to a decline in the demand for refined products globally. The drop in refining margins due to a slowdown in economic activities globally is anticipated to affect the thirdquarter earnings of major energy firms worldwide. Further, refineries entering the marke ...

Shell plc (SHEL) , a London-listed energy major, has signed a long-term naphtha supply deal with QatarEnergy. Per the terms of the agreement, QatarEnergy will supply 18 million metric tons of naphtha to Shell over a duration of 20 years. The deal is expected to begin in April next year. The head of QatarEnergy has highlighted that the naphtha supply agreement is its longest and largest supply deal to date. This is the latest one in a string of deals that QatarEnergy has signed with Asian and European partne ...

Following our June 2024 analysis, the company " Is On The Right Track ," today we are back to comment on Shell plc (NYSE: SHEL ) ( OTCPK:RYDAF ). In our Shell coverage, we highlighted how OPEC+ countries announced Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treat ...

Shell (SHEL, Financial) saw its shares rise by 1.56%, reaching $69.58. The company announced expectations of a significant decline in refining margins for the third quarter due to reduced global demand, which also impacted oil product trading earnings. Despite these challenges, Shell has raised its liquefied natural gas (LNG) production forecast for the third quarter from the previous range of 6.8-7.4 million tonnes to 7.3-7.7 million tonnes, with trading performance expected to remain stable compared to th ...