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>Based on the Q1 2024 earnings for Shell, we can build an investment thesis that has a number of pros and cons.</li><li>On the positive side, Shell's beginning of the year has been strong; the company has delivered another set of solid operational and financial results for the first quarter.</li><li>The upstream conventional oil and gas segment performed well, and the start of production at the oil Rydberg field has underpinned Shell's cash flows.</li></ul>

Based on the Q1 2024 earnings for Shell, we can build an investment thesis that has a number of pros and cons.On the positive side, Shell's beginning of the year has been strong; the company has delivered another set of solid operational and financial results for the first quarter.The upstream conventional oil and gas segment performed well, and the start of production at the oil Rydberg field has underpinned Shell's cash flows.

Shell plc: Investment in New Markets and Divestment Strategy! - Major Drivers

<ul><li>Royal Dutch Shell's Q4 and full year 2023 financial results demonstrated strong performance despite external uncertainties and volatility.</li><li>The company reported the second-highest cash flow from operations in its history.</li><li>However, Shell's personal safety results were slightly lower than in 2022, and teams are focused on improvement in 2024.</li></ul>

Royal Dutch Shell's Q4 and full year 2023 financial results demonstrated strong performance despite external uncertainties and volatility.The company reported the second-highest cash flow from operations in its history.However, Shell's personal safety results were slightly lower than in 2022, and teams are focused on improvement in 2024.

Shell PLC - Is Their Intensive Focus on Cost Reduction to Enhance Profitability Working Out? - Major Drivers

<ul><li>Shell PLC ADR delivered a disappointing set of results as it was unable to meet the revenue and earnings expectations of Wall Street.</li><li>The management maintains a stable net debt of around $40 billion, underscoring financial resilience.</li><li>In operational excellence, they celebrate the outstanding performance of Pearl GTL in Qatar, boasting an impressive controllable availability of 97%.</li></ul>

Shell PLC ADR delivered a disappointing set of results as it was unable to meet the revenue and earnings expectations of Wall Street.The management maintains a stable net debt of around $40 billion, underscoring financial resilience.In operational excellence, they celebrate the outstanding performance of Pearl GTL in Qatar, boasting an impressive controllable availability of 97%.

Shell PLC ADR: Strategic Consolidation In The Kaikias Field & Other Major Drivers

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

Royal Dutch Shell Plc (Adr) / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/royal-dutch-shell-plc-48d2d58c-023d-485f-887d-f13ca5f049f6" target="_blank" data-smartkarma-citation="entities:25197:1" rel="noopener">Royal Dutch Shell (RDSA NA)</a>/ <a href="https://www.smartkarma.com/entities/royal-dutch-shell-plc-48d2d58c-023d-485f-887d-f13ca5f049f6" target="_blank" data-smartkarma-citation="entities:25197:1" rel="noopener">Royal Dutch Shell (RDSA NA)</a> has announced a simplification of its share structure resulting in an increase in the speed and flexibility of capital actions.</li>
<li>The name of the company will change from Royal Dutch Shell plc to Shell plc.  It's expected that the company will no longer meet conditions to use the 'Royal' designation.</li>
<li>The proposed structure will help in conducting buybacks and there could be a quick shareholder payout following the US$7bn sale of Shell's Permian assets in the US.</li>
</ul>



Royal Dutch Shell (RDSA NA)/ Royal Dutch Shell (RDSA NA) has announced a simplification of its share structure resulting in an increase in the speed and flexibility of capital actions.
The name of the company will change from Royal Dutch Shell plc to Shell plc.  It's expected that the company will no longer meet conditions to use the 'Royal' designation.
The proposed structure will help in conducting buybacks and there could be a quick shareholder payout following the US$7bn sale of Shell's Permian assets in the US.


Shell Plc - No Longer Royal Post Simplification

<ul><li>Shell PLC ADR delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus in terms of earnings.</li><li>The company generated $15.1 billion in cash flow from operations, including $4.8 billion in working capital, and its adjusted earnings were $5.1 billion.</li><li>The decrease in prices, inflows from the initial margin, and decrease in accounts receivable were the key causes of the working capital inflow.</li></ul>

Shell PLC ADR delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus in terms of earnings.The company generated $15.1 billion in cash flow from operations, including $4.8 billion in working capital, and its adjusted earnings were $5.1 billion.The decrease in prices, inflows from the initial margin, and decrease in accounts receivable were the key causes of the working capital inflow.

Shell PLC ADR: Insights Into $15.1 Billion Cash Flow and Key Causes You Need to Know! – Key Drivers

Netherlands

Shell PLC explores and refines petroleum products. The Company produces and imports fuels, chemicals, and lubricants, as well as operates service station networks. Shell serves clients worldwide.

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Shell (RDSA NA)

Shell plc: Investment in New Markets and Divestment Strategy! - Major Drivers

Based on the Q1 2024 earnings for Shell, we can build an investment thesis that has a number of pros and cons. On the positive side, Shell's...

Baptista Research

Shell PLC - Is Their Intensive Focus on Cost Reduction to Enhance Profitability Working Out? - Major Drivers

Royal Dutch Shell's Q4 and full year 2023 financial results demonstrated strong performance despite external uncertainties and volatility. The...

Baptista Research

Shell PLC ADR: Strategic Consolidation In The Kaikias Field & Other Major Drivers

Shell PLC ADR delivered a disappointing set of results as it was unable to meet the revenue and earnings expectations of Wall Street. The...

Baptista Research

Shell Plc - No Longer Royal Post Simplification

Royal Dutch Shell is simplifying its share structure by merging its Class A and Class B shares and changing its name to Shell plc. The...

Brian Freitas

Shell PLC ADR: Insights Into $15.1 Billion Cash Flow and Key Causes You Need to Know! – Key Drivers

Shell PLC ADR delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus...

Baptista Research

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