Shell Stock ( NYSE:SHEL )
Shell Plc ( NYSE:SHEL ), Europe’s largest oil business reported $2.76 earnings per ADS (on a current cost of supplies basis, excluding items — the market’s favored measure) in the fourth quarter . The bottom line surpassed the Consensus Estimate of $2.10 and increased from $1.66 per ADS in the previous quarter, thanks to higher commodity prices, LNG volumes, and refining margins. Shell stock fell nearly 2% following the results announcement.
Shell’s revenue of $101.2 billion up from $90.2 billion in the fourth quarter of 2021.
In the fourth quarter, Shell repurchased $4.5 billion in stock. The energy company also stated that the $4 billion buyback program announced during the third quarter earnings announcement had been completed. Furthermore, Shell anticipates an additional $4 billion in share repurchases in the first quarter.
The oil company upped its dividend by 15%, as promised.
Details Per Segment
Upstream Segments: During the quarter, the segment earned $3.1 billion (excluding items), up from $2.8 billion (adjusted) the previous year. This is mostly due to increasing oil and gas prices, which are partially countered by decreased volumes.
The group’s worldwide realized liquids prices were 12.1% higher than a year ago, at $82.42 per barrel, while natural gas prices rose 37.6%.
Shell’s upstream volumes averaged 1,859 thousand oil-equivalent barrels per day (MBOE/d), down 11.9% from the previous year, owing primarily to the loss of...
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