Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Royal Dutch Shell Plc (Adr) / Equity Bottom-Up

<ul><li>Royal Dutch Shell plc reported a strong second-quarter performance driven by operational excellence, strategic portfolio management, and active cost discipline amid volatile market conditions.</li><li>The company’s Pennsylvania Petrochemicals Complex delivered its best results to date, and its refineries operated at a record 102% utilization during a high-margin period.</li><li>Shell’s ability to adapt production toward middle distillates such as jet fuel reflects the strength of its integrated model, optimizing value across its assets and markets.</li></ul>

Royal Dutch Shell plc reported a strong second-quarter performance driven by operational excellence, strategic portfolio management, and active cost discipline amid volatile market conditions.The company’s Pennsylvania Petrochemicals Complex delivered its best results to date, and its refineries operated at a record 102% utilization during a high-margin period.Shell’s ability to adapt production toward middle distillates such as jet fuel reflects the strength of its integrated model, optimizing value across its assets and markets.

Shell plc’s Hidden Growth Story — Namibia, LNG Canada & Nigeria Move Into Focus!

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Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>Shell's core strategic focus is on its world-leading Integrated Gas and Liquefied Natural Gas (LNG) business, which is viewed as a key transition fuel and a primary engine for profitability and shareholder returns.</li>
  <li>Under CEO Wael Sawan, the company is executing a strategy of 'more value with less emissions,' prioritizing capital discipline, cost reduction, and shareholder distributions (dividends and buybacks) while investing selectively in low-carbon solutions.</li>
  <li>The company faces the long-term challenge of navigating the global energy transition, balancing investments in its legacy oil and gas portfolio against the need to develop lower-carbon energy businesses that can deliver comparable returns.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Shell's core strategic focus is on its world-leading Integrated Gas and Liquefied Natural Gas (LNG) business, which is viewed as a key transition fuel and a primary engine for profitability and shareholder returns.
  Under CEO Wael Sawan, the company is executing a strategy of 'more value with less emissions,' prioritizing capital discipline, cost reduction, and shareholder distributions (dividends and buybacks) while investing selectively in low-carbon solutions.
  The company faces the long-term challenge of navigating the global energy transition, balancing investments in its legacy oil and gas portfolio against the need to develop lower-carbon energy businesses that can deliver comparable returns.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Royal Dutch Shell Plc (Adr) (RDS/A US) - Aug 2026

<ul><li>Royal Dutch Shell plc reported a strong financial performance in the first quarter of 2026 despite ongoing macroeconomic volatility and uncertainties linked to the Middle East conflict.</li><li>The company posted adjusted earnings of nearly $7 billion and generated more than $17 billion in cash flow from operations before working capital changes.</li><li>However, a working capital outflow of approximately $11 billion, influenced largely by elevated commodity prices on inventory and receivables, weighed on liquidity, though Shell anticipates much of this to normalize over time.</li></ul>

Royal Dutch Shell plc reported a strong financial performance in the first quarter of 2026 despite ongoing macroeconomic volatility and uncertainties linked to the Middle East conflict.The company posted adjusted earnings of nearly $7 billion and generated more than $17 billion in cash flow from operations before working capital changes.However, a working capital outflow of approximately $11 billion, influenced largely by elevated commodity prices on inventory and receivables, weighed on liquidity, though Shell anticipates much of this to normalize over time.

Shell’s Upstream Powerhouse: Brazil, Bonga And Mars Drive A Strong Production Reset!

<ul><li>Shell's recent earnings call for the fourth quarter and full-year 2025 highlights both promising developments and areas requiring attention.</li><li>Here is a comprehensive analysis of Shell's current positioning, strategically and financially.</li><li>On the positive side, Shell has successfully achieved its structural cost reduction target of $5.1 billion, reaching its 2028 goal three years early.</li></ul>

Shell's recent earnings call for the fourth quarter and full-year 2025 highlights both promising developments and areas requiring attention.Here is a comprehensive analysis of Shell's current positioning, strategically and financially.On the positive side, Shell has successfully achieved its structural cost reduction target of $5.1 billion, reaching its 2028 goal three years early.

Shell plc Reallocates Capital Toward High-Performance Segments—A Structural ROACE Play?

Netherlands

Royal Dutch Shell PLC, through subsidiaries, explores for, produces, and refines petroleum.  The Company produces fuels, chemicals, and lubricants. Shell owns and operates gasoline filling stations worldwide.

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Royal Dutch Shell Plc (Adr) (RDS/A US)

Shell plc’s Hidden Growth Story — Namibia, LNG Canada & Nigeria Move Into Focus!

Royal Dutch Shell plc reported a strong second-quarter performance driven by operational excellence, strategic portfolio management, and active...

Baptista Research

Primer: Royal Dutch Shell Plc (Adr) (RDS/A US) - Aug 2026

Shell's core strategic focus is on its world-leading Integrated Gas and Liquefied Natural Gas (LNG) business, which is viewed as a key...

αSK Primers

Shell’s Upstream Powerhouse: Brazil, Bonga And Mars Drive A Strong Production Reset!

Royal Dutch Shell plc reported a strong financial performance in the first quarter of 2026 despite ongoing macroeconomic volatility and...

Baptista Research

Shell’s Upstream Powerhouse: Brazil, Bonga And Mars Drive A Strong Production Reset!

Royal Dutch Shell plc reported a strong financial performance in the first quarter of 2026 despite ongoing macroeconomic volatility and...

Baptista Research

Shell plc Reallocates Capital Toward High-Performance Segments—A Structural ROACE Play?

Shell's recent earnings call for the fourth quarter and full-year 2025 highlights both promising developments and areas requiring attention. Here...

Baptista Research

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