Shell plc (SHEL) , the British oil and gas giant, mentioned that the firm has been facing setbacks in raising production from the Perdido offshore development in the Gulf of America. The company had initially expected to bring three wells online in April 2025 to boost production. These three wells are part of Perdido's Great White unit, and one was brought online in March 2025.Production Challenges and DelaysHowever, the other two wells are facing delays and are anticipated to come online by the end of this ...

WINTER PARK, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- Integrated Rail & Resources Acquisition Corp. (OTC: IRRX) (“IRRX”) and Shell Trading (US) Company (“Shell”) have entered into a 7-year supply and offtake agreement under which STUSCO will supply crude oil feedstock to, and purchase certain refined products from, a facility to be acquired by IRRX. Once completed, the facility will initially have the capacity to process 15,000 barrels of crude oil per day, producing LPG, Naphtha, Diesel, and Gas Oil. The fac ...

Retirement is complicated, and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Shell (NYSE: SHEL ) is a multinational oil and gas company, one of the largest in the world, with a market cap of almost $200 billion. The company is one ...

Europe's largest oil company, Shell plc (SHEL) , reported first-quarter 2025 earnings per ADS (on a current cost of supplies basis, excluding items — the market's preferred measure) of $1.84, which came in well above the Zacks Consensus Estimate of $1.54 on the back of higher natural gas realizations. Shell's upstream volumes averaged 1,855 thousand oil-equivalent barrels per day (MBOE/d), down a marginal 0.9% from the year-ago period, mainly due to new crude production. Liquids production totaled 1,335 tho ...

Core Viewpoint - Shell plc is exploring a potential acquisition of BP plc, which could be one of the largest mergers in the oil industry, driven by BP's declining market capitalization and strategic missteps [1][2][4]. Group 1: Shell's Interest in BP - Shell is evaluating the strategic and financial feasibility of acquiring BP, with discussions gaining momentum due to BP's nearly 22.4% decline in share value over the past year [2][3]. - Shell's market capitalization is approximately $200.5 billion, more than double BP's $76 billion, indicating a significant performance gap between the two companies [3]. - Shell is preparing for various scenarios, including the possibility of competing bids, allowing it to act swiftly if necessary [3][9]. Group 2: BP's Challenges - BP has faced declining investor confidence and strategic challenges, particularly following a leadership transition that shifted focus from green energy back to oil and gas [4][5]. - The recent drop in Brent crude prices below $70 per barrel has complicated BP's cash flow outlook, leading to increased pressure from activist investors like Elliott Investment Management, which holds a 5% stake in BP [5][4]. - BP's restructuring efforts and weakened valuation may make it more vulnerable to acquisition interest [9]. Group 3: Shell's Strategic Direction - Under CEO Wael Sawan, Shell is undergoing a strategic overhaul, focusing on streamlining operations and prioritizing its core fossil fuel portfolio [6]. - Shell's CEO emphasized that any major acquisition must enhance free cash flow per share and align with long-term financial objectives [7]. - The recent acquisition of Pavilion Energy reflects Shell's strategy of pursuing targeted, high-return investments, which could be further amplified by a potential BP acquisition [8][10].

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Shell plc (NYSE:SHEL) Q1 2025 Earnings Conference Call May 2, 2025 10:00 AM ET Company Participants Sinead Gorman - CFO Wael Sawan - CEO Conference Call Participants Josh Stone - UBS Peter Lowe - Redmond Atlantic Lydia Rainforth - Barclays Paul Cheng - Scotiabank Biraj Borkhataria - RBC Giacomo Romeo - Jefferies Henry Tarr - Berenberg Matt Lofting - JP Morgan Martijn Rats - Morgan Stanley Roger Read - Wells Fargo Christopher Kuplent - Bank of America Lucas Herrmann - BNP Doug Leggate - Wolfe Research Sinead ...

The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas.British oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices.Shell reported adjusted earnings of $5.58 billion for the first three months of the year, beating analyst expectations of $5.09 billion, according to an LSEG-compiled consensus. A separate forecast from analysts polled by Vara Research had expected Shell's first-quarter profit to come in at $4.96 billion.Shell ...

Core Insights - Shell reported strong financial results for Q1 2025, with adjusted earnings of $5.6 billion, reflecting robust performance across various business segments [5][3][11] - The company completed the acquisition of Pavilion Energy, enhancing its LNG business, and divested from the Nigeria onshore and Singapore Energy and Chemicals Park, optimizing its portfolio [1][5][4] - Shell announced a $3.5 billion share buyback program for the next three months, marking the 14th consecutive quarter of buybacks of at least $3 billion [2][5][6] Financial Performance - Adjusted Earnings for Q1 2025 were $5.6 billion, with adjusted EBITDA at $15.25 billion and cash flow from operations (CFFO) at $9.28 billion [3][5] - CFFO excluding working capital was $11.9 billion, with a working capital outflow of $2.7 billion [5][6] - The company maintained a resilient balance sheet with net debt of $41.5 billion and gearing of 19% [6][5] Segment Performance Integrated Gas - Adjusted earnings were $2.48 billion, with adjusted EBITDA of $4.74 billion [3] - LNG sales volumes increased to 16.5 million tonnes in Q1 2025, up from 15.5 million tonnes in Q4 2024 [8] Upstream - Adjusted earnings were $2.34 billion, with adjusted EBITDA of $7.39 billion [3] - Liquids production remained stable at 1,335 kboe/d, while gas production was slightly lower at 3,020 million scf/d [9] Marketing - Adjusted earnings were $0.9 billion, with marketing sales volumes at 2,674 kb/d [3][10] - Mobility sales volumes decreased to 1,964 kb/d, while lubricants sales increased to 87 kb/d [10] Chemicals & Products - Adjusted earnings were $0.45 billion, with refinery processing intake rising to 1,362 kb/d [3][14] - Global indicative refining margin improved to $6.2 per barrel [14] Renewables & Energy Solutions - Adjusted earnings were negative at $(0.042) billion, but external power sales remained stable at 76 TWh [3][15] - Renewables power generation capacity increased to 7.5 GW [15] Strategic Outlook - The company has a disciplined capital allocation strategy, with a cash capex outlook of $20-22 billion for 2025 [5] - Total shareholder distributions over the last four quarters accounted for 45% of CFFO, aligning with the target of 40-50% [5]

Core Insights - Shell plc reported a significant increase in income attributable to shareholders, reaching $4.78 billion in Q1 2025, compared to $928 million in Q4 2024 and $7.36 billion in Q1 2024, reflecting a 415% increase from the previous quarter [1] - Adjusted Earnings for Q1 2025 were $5.58 billion, a 52% increase from $3.66 billion in Q4 2024, while Adjusted EBITDA rose to $15.25 billion, a 7% increase from $14.28 billion in the previous quarter [1] - Cash flow from operating activities decreased by 29% to $9.28 billion compared to $13.16 billion in Q4 2024, primarily due to tax payments and working capital outflows [1][4] Financial Performance - Total revenue for Q1 2025 was $70.15 billion, an increase from $66.81 billion in Q4 2024 [71] - The company reported a basic earnings per share of $0.79, up from $0.15 in Q4 2024 [1] - Total debt at the end of Q1 2025 was $76.51 billion, with net debt increasing to $41.52 billion from $38.81 billion in Q4 2024, resulting in a gearing ratio of 18.7% [1][6] Segment Analysis Integrated Gas - Income for the Integrated Gas segment was $2.79 billion, up 60% from $1.74 billion in Q4 2024, driven by lower exploration well write-offs and higher product margins [18][21] - Adjusted Earnings for this segment increased to $2.48 billion, a 15% rise from $2.17 billion in the previous quarter [18] Upstream - The Upstream segment reported income of $2.08 billion, a 102% increase from $1.03 billion in Q4 2024, attributed to lower exploration well write-offs and favorable tax movements [27][29] - Adjusted Earnings rose to $2.34 billion, a 39% increase from $1.68 billion in Q4 2024 [27] Marketing - The Marketing segment's income was $814 million, a significant increase from $103 million in Q4 2024, driven by lower operating expenses and higher marketing margins [34][37] - Adjusted Earnings for this segment were $900 million, reflecting a 7% increase from $839 million in the previous quarter [34] Chemicals and Products - The Chemicals and Products segment reported a loss of $77 million, an improvement from a loss of $276 million in Q4 2024, driven by higher product margins [42][44] - Adjusted Earnings for this segment were $449 million, a substantial increase from a loss of $229 million in the previous quarter [42] Renewables and Energy Solutions - The Renewables and Energy Solutions segment reported a loss of $247 million, an improvement from a loss of $1.23 billion in Q4 2024, primarily due to higher trading and optimization margins [50][55] - Adjusted Earnings were negative at $42 million, compared to a loss of $311 million in the previous quarter [50] Shareholder Distributions - Total shareholder distributions in Q1 2025 amounted to $5.5 billion, including $3.3 billion in share repurchases and $2.2 billion in cash dividends [7] - The dividend declared for Q1 2025 was $0.3580 per share, consistent with the previous quarter [1][7] Outlook - For the full year 2025, Shell expects cash capital expenditure to be between $20 billion and $22 billion [64] - Integrated Gas production is projected to be approximately 890 - 950 thousand boe/d, while Upstream production is expected to be around 1,560 - 1,760 thousand boe/d [65][66]