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Shell Invests in Gato do Mato to Drive Brazil's Pre-Salt Growth
ZACKS· 2025-03-24 11:30
Shell plc’s (SHEL) subsidiary, Shell Brasil Petróleo Ltda. (Shell Brasil), has taken an important step in the development of Brazil's energy resources by approving the Final Investment Decision (“FID”) for the Gato do Mato project. This deep-water venture, located in the pre-salt layer of the Santos Basin off the coast of Brazil, represents a breakthrough for both SHEL and the global energy market. The project is poised to significantly contribute to Brazil’s oil and gas industry, strengthening SHEL’s posit ...
Shell Aims for First Gas Production at Dragon Field by 2026
ZACKS· 2025-03-21 13:15
Shell plc (SHEL) , a London-based integrated oil and gas company, is advancing its plans to commence natural gas production at Venezuela’s Dragon gas field in 2026, a year ahead of the previously projected 2027 launch. This ambitious timeline highlights SHEL’s commitment to securing gas supplies to boost liquefied natural gas (“LNG”) production in Trinidad and Tobago. According to sources familiar with the project, survey work is set to begin next month, with drilling operations slated to include three well ...
Shell invests in the Gato do Mato project in Brazil's pre-salt
Prnewswire· 2025-03-21 12:00
RIO DE JANEIRO, March 21, 2025 /PRNewswire/ -- Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil.    Shell invests in the Gato do Mato project in Brazil’s pre-salt. The Gato do Mato Consortium includes Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo S.A. (PPSA) acting as the manager of the product ...
Why Shell's Stock Is Set To Rebound - And How High It Could Go
Seeking Alpha· 2025-03-12 06:57
Shell (NYSE: SHEL ) is one of those stocks that doesn’t seem to be getting the respect it deserves. Investors aren’t exactly abandoning it, but the valuation suggests the market either doesn’t fully believe in its earnings power or isMotti Sapir is an economist and financial analyst with over 15 years of experience in financial markets. He holds a degree in economics and has a talent for simplifying complex financial concepts into plain English. His focus is on uncovering market trends, analyzing data, and ...
Shell: LNG As An Intermediate Step To Clean Energy
Seeking Alpha· 2025-03-11 09:32
Group 1 - Shell plc is one of the largest and oldest oil companies globally, primarily specializing in offshore oil extraction while also operating onshore [1] - The focus of the analysis is on Shell's LNG business, highlighting the company's sustained free cash flows, low leverage, and sustainable debt levels [1] - The company is seen as a potential investment opportunity due to its operations in emerging markets, high margins, and solid pro-shareholder attitude, including buyback programs and dividend distributions [1] Group 2 - The analyst emphasizes the importance of identifying value companies in sectors like oil & gas, metals, and mining, particularly those not widely considered by the market [1] - The article aims to share insights with the Seeking Alpha community to aid individual investment decisions [1]
Shell Starts Oil Production From Gumusut-Kakap Phase 4 Project
ZACKS· 2025-03-10 13:11
Shell plc (SHEL) , one of the largest oil and gas supermajors, has announced the commencement of the first oil production from the Phase 4 expansion of its deepwater Gumusut-Kakap-Geronggong-Jagus East offshore project in Malaysia. This breakthrough highlights SHEL's continued commitment to bolstering upstream operations, particularly in deepwater oil exploration, as it adapts to the evolving global energy landscape.The Gumusut-Kakap project, located off the coast of Sabah, Malaysia, represents one of SHEL’ ...
Shell Secures Approval for Australia's Giant Offshore Gas Project
ZACKS· 2025-03-10 12:19
Core Insights - Shell plc has received approval from the National Offshore Petroleum Safety and Environmental Management Authority for its environmental plan, allowing the installation of infrastructure to connect the Crux field to the Prelude floating liquefied natural gas facility [1][2] Project Overview - The Crux project, sanctioned in May 2022, is located in the Browse Basin, 190 kilometers offshore northwest Australia, and is expected to produce approximately 1.6 trillion cubic feet of gas, 66 million barrels of condensate, and 40 million barrels of liquid petroleum gas over its lifetime [3] - The project will consist of a platform operated remotely from Prelude, with five initial wells to be drilled, and first gas production anticipated in 2027 [2][3] Development Timeline - The Crux project will be developed in multiple phases, with completion expected in the second half of 2027. Key phases include pipeline installation, cold commissioning, substructure installation, topside installation, tie-ins, and Prelude FLNG modifications [4][8] Infrastructure and Maintenance - The infrastructure is designed for minimal inspection or intervention, but provisions for inspection, maintenance, and repair activities are included to address potential issues such as third-party interactions or severe weather events [4] Company Positioning - Shell is recognized as one of the primary oil supermajors, with a Zacks Rank of 3 (Hold) [5] - Investors may consider other energy sector stocks with better rankings, such as Delek Logistics Partners (Zacks Rank 1), Archrock (Zacks Rank 1), and Coterra Energy (Zacks Rank 2) [6]
Shell plc Fourth Quarter 2024 Euro and GBP Equivalent Dividend Payments
Newsfilter· 2025-03-10 07:00
SHELL PLC FOURTH QUARTER 2024 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS March 10, 2025 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2024 interim dividend, which was announced on January 30, 2025 at US$0.358 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling cur ...
Why Shell (SHEL) Outpaced the Stock Market Today
ZACKS· 2025-03-08 00:15
Group 1: Company Performance - Shell's stock closed at $66.79, reflecting a +1.18% increase, outperforming the S&P 500's gain of 0.55% [1] - Over the past month, Shell's shares have decreased by 0.23%, which is better than the Oils-Energy sector's decline of 6.33% and the S&P 500's drop of 5.56% [1] Group 2: Upcoming Financial Results - Shell is expected to report an EPS of $1.98, indicating a 16.81% decline year-over-year [2] - Projected revenue for the upcoming quarter is $79.93 billion, representing a 7% increase from the previous year [2] Group 3: Annual Estimates - For the annual period, anticipated earnings are $7.94 per share, with revenue expected to reach $316.17 billion, reflecting increases of +5.59% and +9.39% respectively from last year [3] - Recent revisions to analyst forecasts for Shell are crucial as they indicate changing business trends, with positive revisions suggesting analyst optimism [3] Group 4: Valuation Metrics - Shell's Forward P/E ratio is currently 8.32, which is higher than the industry average of 7.52 [6] - The company has a PEG ratio of 0.92, compared to the industry average of 1.01, indicating a favorable growth expectation relative to its valuation [7] Group 5: Industry Context - The Oil and Gas - Integrated - International industry, which includes Shell, has a Zacks Industry Rank of 69, placing it in the top 28% of over 250 industries [8] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]
Saudi Arabia Seafood Market Forecast Report and Company Analysis 2025-2033 Featuring Almunajem Foods, Arab Fisheries, IZAFCO, Saudi Fisheries Co, Shell Fisheries, Tabuk Fisheries, The Savola Group
GlobeNewswire News Room· 2025-03-07 14:03
Market Overview - The Saudi Arabia seafood market is projected to grow from US$ 0.98 billion in 2024 to US$ 1.23 billion by 2033, with a compound annual growth rate (CAGR) of 2.58% from 2025 to 2033 [1][17]. Growth Drivers - Increasing consumer health consciousness and demand for sustainable protein sources are driving the growth of the seafood market [2]. - Government initiatives aimed at diversifying the economy away from oil and promoting sustainable fishing practices are contributing to market expansion [2][5]. - Technological advancements in aquaculture are enhancing the sustainability and economic viability of local seafood production [2][8]. Government Initiatives - The Saudi government is investing in the aquaculture industry as part of its Vision 2030 project, aiming to increase aquaculture production to 600,000 tons by 2030 [7]. - Significant capital expenditures, subsidies, and incentives are being provided to promote local fish production and enhance food security [6]. Technological Innovations - Innovations in aquaculture, such as recirculating aquaculture systems (RAS) and automated feeding, are improving production yields and sustainability [8][9]. - Enhanced cold chain logistics and processing technologies are increasing the quality and freshness of seafood products [8]. Consumer Trends - Growing awareness of the nutritional benefits of seafood, including high protein and omega-3 fatty acids, is driving increased consumption [10][11]. - Health organizations are promoting seafood as a healthier dietary option, further boosting demand [12]. Export Potential - Saudi Arabia is focusing on expanding its seafood exports to meet both domestic and international demand [3][4]. - Investments in seafood processing and distribution infrastructure are essential for establishing a significant presence in the global fish market [3]. Challenges - Overfishing and sustainability concerns pose significant challenges to the seafood sector, with illegal fishing practices exacerbating the depletion of fish stocks [13]. - Despite efforts to increase domestic production, Saudi Arabia remains heavily reliant on seafood imports, which exposes the market to global price fluctuations and supply chain disruptions [14][16].