- Shell’s adjusted profit for Q4 2024 was $3.66 billion, falling short of the estimated $4.36 billion.
- Adjusted integrated gas profit was $2.17 billion, below the expectation of $2.41 billion.
- Upstream profit stood at $1.68 billion, missing the projected $1.76 billion.
- Marketing profits recorded were $839 million, under the forecast of $856.1 million.
- Losses in renewables and energy solutions were $311 million, exceeding the estimated loss of $220.2 million.
- The corporate sector experienced a loss of $380 million, versus an anticipated loss of $347.3 million.
- Adjusted earnings per share were 60 cents, less than the expected 68 cents.
- Adjusted Ebitda was $14.28 billion, slightly above the estimate of $14.15 billion.
- Shell’s revenue reached $66.28 billion, surpassing the predicted $65.11 billion.
- Oil and gas output was 2.82 million barrels of oil equivalent per day.
- Chemical sales volumes were 2.93 million tons, below the estimated 2.98 million tons.
- The company announced a dividend of 35.80 cents per share, slightly higher than the estimated 35.72 cents.
- Cash flow from operations was strong at $13.16 billion, exceeding the forecasted $11.23 billion.
- Net debt was reported at $38.81 billion, better than the estimated $41.22 billion.
- Debt gearing was 17.7%, slightly higher than the estimated 16.5%.
- Proved Reserves Replacement Ratio is anticipated to be 85% for the year and 108% for a three-year average.
- Integrated Gas production for Q1 2025 is expected between 930,000 and 990,000 boe/d, with the Pearl GTL back in operation.
- Corporate adjusted earnings in Q1 2025 are projected to be a net expense of $400 to $600 million.
- Analyst recommendations include 21 buys, 5 holds, and no sells.
“`
Shell PLC on Smartkarma
Analyst coverage of Shell PLC on Smartkarma reveals a mix of sentiments from different analysts. Suhas Reddy‘s report on ‘[Earnings Preview] Lower Gas Output and Tight Margins Hit Shell’s Q4 Outlook‘ paints a bearish picture for Shell, with expectations of a decline in revenue and EPS for Q4 2024. On the contrary, The IDEA!‘s report on “[Earnings Review] Shell Exceeds Expectations as Robust LNG Sales Counter Weak Refining Margins“ is more bullish, highlighting Shell’s performance driven by robust LNG sales and a new share buyback program.
Furthermore, The IDEA!‘s insights on various updates in Amsterdam mention a disappointing 4Q24 trading update for Shell, particularly in Integrated Gas, Chemical, and Renewables divisions. Despite this, a potential IPO for Odido and other industry updates are also discussed. Overall, the research reports provide a detailed perspective on Shell’s performance, market expectations, and future prospects as analyzed by top independent analysts on Smartkarma.
A look at Shell PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Shell PLC‘s long-term outlook by utilizing the Smart Scores system. With strong ratings in Growth and Dividend factors, Shell PLC demonstrates promising prospects for the future. The company’s high score in Growth indicates a positive trajectory for expanding its business operations and market presence, while its robust Dividend score reflects a stable and rewarding income stream for investors.
Although Shell PLC scores moderately in Value and Resilience, the company displays commendable Momentum in its industry. This suggests that Shell is well-positioned to capitalize on emerging opportunities and sustain its growth momentum in the long run. Overall, based on the Smart Scores evaluation, Shell PLC presents an optimistic outlook for investors seeking a combination of growth potential and dividend income.
Summary: Shell PLC explores and refines petroleum products, producing fuels, chemicals, and lubricants to serve clients globally.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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