London, August 1, 2024 "Shell delivered another strong quarter of operational and financial results. We further strengthened our leading LNG portfolio, and made good progress across our Capital Markets Day 2023 financial targets, including $1.7 billion of structural cost reductions since 2022. Today, we have also announced a further $3.5 billion buyback programme for the next three months. We continue to demonstrate that we are delivering more value with less emissions." Shell plc Chief Executive Officer, W ...

SHELL PLC 2nd QUARTER 2024 AND HALF YEAR UNAUDITED RESULTS | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------|-----------|---------|-------|------------------------------------------------------------|-----------|--------------------|---------|-------| | Quarters \nQ2 2024 | \nQ1 2024 | Q2 2023 | | $ million \n%¹ | Reference | Half year \n 2024 | 2023 | % | | 3,517 | 7,358 | 3,134 | | -52 Income/(loss) attributable to Shell plc shareholders | | 10,874 | 11,843 | -8 | | 6,293 | 7,7 ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a ...

Company Overview - Schlumberger Limited (NYSE: SLB) is a global leader in oilfield services, providing technology for reservoir characterization, drilling, production, and processing across more than 120 countries [8] - Shell plc (NYSE: SHEL) is a global energy leader based in the UK, known for its strategic partnerships and robust financial performance [10] Financial Performance - Schlumberger reported Q1 2024 revenue of $8.71 billion, a 13% year-over-year increase, driven by an 18% rise in international markets despite a 6% decline in North America [8] - Shell's upcoming second-quarter results are expected to show earnings of $1.82 per share on revenues of $88.6 billion, following a previous quarter where earnings per ADS were $2.38 [2][5] Stock Performance and Valuation - Schlumberger's forward P/E ratio is 15.9x, slightly above the sector median of 12.18x, justified by its industry-leading position and technological edge [8] - Shell's stock is currently trading at 14 times forward earnings with a 3.69% dividend yield, having seen a 16% increase over the past year [2] Strategic Initiatives - Schlumberger plans a $7.8 billion acquisition of ChampionX, expected to enhance its production and intervention solutions portfolio, generating $400 million in annual pretax savings within three years post-closing [8] - Shell has launched a new $3.5 billion stock buyback program and boosted its quarterly dividend by 4% [2] Market Outlook - The energy sector is experiencing a turnaround due to post-pandemic recovery and geopolitical tensions, with oil and natural gas prices reaching new heights [7] - U.S. crude oil production is projected to set new records, particularly from the Permian Basin, which is expected to hit a record 6.4 million barrels per day by the end of 2024 [8] Analyst Ratings and Price Targets - Wall Street analysts project an average price target of $66 for Schlumberger, with a high forecast of $81, representing a potential upside of 37.61% from the current price of $48.33 [9] - For Shell, the average price target is $84.30, with a high forecast of $90, representing a 17% potential upside from the current price of $72.05 [12][13]

Shell plc (SHEL) is set to release second-quarter results on Aug 1. The current Zacks Consensus Estimate for the to-be-reported quarter is earnings of $1.82 per share on revenues of $88.6 billion. Highlights of Q1 Earnings & Surprise History Shell beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 9.2%, on average. This is depicted in the graph below: Shell PLC Unsponsored ADR price-eps-surprise | Shell PLC Unsponso ...

The investment community will be closely monitoring the performance of Shell in its forthcoming earnings report. The company is scheduled to release its earnings on August 1, 2024. The company's upcoming EPS is projected at $1.82, signifying a 21.33% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $88.62 billion, indicating a 16.58% upward movement from the same quarter last year. Our research suggests that these changes in ...

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Shell. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industri ...

Dublin, July 16, 2024 (GLOBE NEWSWIRE) -- The "Latin America Existing & Upcoming Data Center Portfolio" database has been added to ResearchAndMarkets.com's offering. Top operators in the Latin American data center market include Ascenty (Digital Realty), ODATA (Aligned Data Centers), Equinix, Scala Data Centers, and KIO Networks. These leading companies play a significant role in the region's data center infrastructure. The top 10 market operators collectively hold around 80% of the existing core and shell ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Shell in Focus Taking a look at the company's dividend growth, its current annualized dividend of $2.75 is up 11.2% from last year. Shell has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual ...

In the latest market close, Shell (SHEL) reached $72.93, with a +0.48% movement compared to the previous day. This move lagged the S&P 500's daily gain of 1.02%. Elsewhere, the Dow gained 1.09%, while the techheavy Nasdaq added 1.18%. Shares of the oil and gas company witnessed a gain of 3.26% over the previous month, beating the performance of the Oils-Energy sector with its loss of 11.98% and underperforming the S&P 500's gain of 4.44%. The investment community will be closely monitoring the performance o ...