Shell: Smashing Estimates Again, Reiterating Top Pick
Shell Global(SHEL) Seeking Alpha·2024-11-06 11:13
British Oil & Gas major Shell plc (NYSE: SHEL ) reported its Q3 results on October 31, revealing an impressive 12% beat on adj. earnings, which came in at $6.0B, implying just a 3% y/y contraction despite materially lower oil prices and refining margins. With the company's LNG businessAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expre ...