Shell PLC (NYSE:SHEL)

$ 68.22 0.48 (0.71%) Market Cap: 207.74 Bil Enterprise Value: 240.99 Bil PE Ratio: 13.80 PB Ratio: 1.14 GF Score: 74/100

Q3 2024 Shell PLC Earnings Call Transcript

Oct 31, 2024 / 02:30 PM GMT

Release Date Price: $67.55 (+3.00%)

Transcript

Key Points

Positve

Shell PLC (SHEL) reported strong cash flow growth despite a decline in commodity environments, showcasing resilience.
The company has successfully started up Mero three in Brazil and completed the divestment of Shell Pakistan, enhancing its portfolio.
Shell PLC (SHEL) is focusing on maintaining a strong balance sheet, allowing flexibility in both good and challenging times.
The company is committed to the energy transition, emphasizing its strengths in LNG and low-carbon intensity oil.
Shell PLC (SHEL) has demonstrated significant cost-cutting measures and operational efficiencies, contributing to improved financial performance.

Negative

There is uncertainty and volatility in the energy market, which could impact future performance.
The company faces challenges in renewable generation, acknowledging it lacks competitive advantages in this area.
Shell PLC (SHEL) is dealing with regulatory hurdles in the sale of its onshore assets in Nigeria.
The refining margins have been under pressure due to lower demand and maintenance activities.
There are concerns about the impact of economic run cuts on refinery throughput and overall production.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHEL.L - Shell PLC
Q3 2024 Shell PLC Earnings Call
Oct 31, 2024 / 02:30PM GMT

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(Audio in-progress) The investment case through the energy transition.

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