- Shell’s 4Q adjusted profit was $7.31 billion, which is more than the estimated $6.14 billion.
- The adjusted integrated gas profit was $3.96 billion, surpassing the estimated $3.2 billion.
- Adjusted upstream profit reached $3.09 billion, higher than the estimated $2.39 billion.
- The adjusted marketing profit was slightly lower than expected at $692 million, compared to the estimated $693.5 million.
- Adjusted renewables & energy solutions profit was $155 million, lower than the estimated $176.6 million.
- Adjusted corporate loss was higher than expected at $567 million, compared to the estimated loss of $537.2 million.
- Adjusted EPS was $1.11, higher than the estimated 92c.
- Adjusted Ebitda was $16.34 billion, slightly higher than the estimated $16.23 billion.
- Revenue was $78.73 billion, significantly higher than the estimated $72.42 billion.
- Oil & gas output was 2.83 million boe/d, higher than the estimated 2.77 million.
- Chemical sales volumes were lower than expected at 2.59 million tons, compared to the estimated 2.70 million tons.
- Dividend per share was 34.40c, higher than the estimated 33.00c.
- Cash flow from operations was $12.58 billion, higher than the estimated $11.89 billion.
- Net debt was higher than estimated at $43.54 billion, compared to the estimated $40.07 billion.
- Debt gearing was 18.8%, higher than the estimated 17.4%.
- The proved Reserves Replacement Ratio is expected to be 120% for the year and 120% for the 3-year average. Excluding acquisitions and divestments, it is expected to be 99% for the year and 90% for the 3-year average.
- Cash capital expenditure for the full year 2024 is expected to be within $22 – $25 billion.
- Corporate Adjusted Earnings are expected to be a net expense of approximately $400 – $600 million in the first quarter and a net expense of approximately $1,500 – $2,100 million for the full year 2024.
A look at Shell PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
According to the Smartkarma Smart Scores, Shell PLC has a positive long-term outlook. The company has received a score of 4 for value, indicating that it is considered to be a good investment opportunity. Additionally, Shell has a score of 5 for growth, suggesting that the company has strong potential for future growth.
In terms of resilience, Shell has scored a 3, meaning that the company is expected to maintain a stable performance even in the face of challenges. However, the momentum score for Shell is 3, indicating that the company may not be experiencing significant growth at the moment.
Overall, Shell PLC is a company that explores and refines petroleum products. It produces fuels, chemicals, and lubricants, and serves clients all over the world. Based on the Smartkarma Smart Scores, Shell is expected to be a good investment opportunity with strong potential for growth in the long run. While the company may currently be facing some challenges, it is expected to maintain a stable performance.
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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