Shell plc (SHEL)

Shell plc (NYSE:SHEL) shares rise following Q1 results. Revenue of $69.234B missed consensus of $79.13B. Adjusted earnings up 52% Q/Q to $5.58B. Dividend of $0.358 declared, $3.5B buyback announced. 2025 cash capital expenditures expected to be $20B-$22B.

The London-listed oil major reported adjusted net income of $5.58 billion for the first quarter, topping analysts’ expectations of $5.07 billion.

Shell shares fell marginally Wednesday amid an 11.5% slide in April. The company is navigating geopolitical and regulatory challenges.

EU Vs. China: Central Asia has again emerged as a center of geopolitical rivalry over natural resources and political influence.

It cut its LNG production forecast to 6.4 million and 6.8 million metric tons, compared with the earlier projection of 6.6 million to 7.2 million metric tons.

Shell PLC (NYSE: SHEL) revised its Q1 outlook, cutting production guidance for Integrated Gas and Upstream segments due to unplanned maintenance and divestment. Trading & Optimisation to be higher, LNG production forecast adjusted. Cost reduction target raised. SHEH and ABLD offer exposure to the stock.

U.S. stock futures fell sharply on Monday after 2-days of the crash before closing last week. Futures were over 3% lower in premarket trading.

Shell PLC sells 16.125% stake in Colonial Enterprises for $1.45B to Brookfield Infrastructure's subsidiary. BIP to acquire Colonial Pipeline for $9B.

According to a report by The Times, which cited filings with the U.K.’s Financial Conduct Authority, Elliott’s position against Shell is the biggest short position disclosed against the oil major in nearly a decade.

The oil and gas major said it would raise shareholder distributions to 40% to 50% of cash flow from operations from the earlier 30% to 40% range.

Shell PLC revealed updates on its strategy, dividend and buyback plans, cost savings, investments, and emission reduction targets.

Shell's subsidiary made FID for Gato do Mato project in Brazil's pre-salt region, with estimated 370M barrels and expected operation in 2029.