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Shell (UK) ( (GB:SHEL) ) has provided an announcement.
Shell PLC reported its unaudited financial results for the fourth quarter and full year of 2024, highlighting a decline in earnings compared to previous periods due to lower trading margins, crude oil prices, and unfavorable tax movements. Despite these challenges, Shell maintained strong cash flow from operations and continued shareholder distributions, including a new share buyback program. The company also announced significant portfolio developments, such as the start of production in the Mero field offshore Brazil and a strategic partnership with Equinor ASA to form a new company in the UK North Sea, positioning Shell for future growth and stability.
More about Shell (UK)
Shell PLC is a leading global energy company operating in the oil and gas industry, primarily focusing on the exploration, production, refining, and marketing of petroleum and natural gas. The company is also expanding its presence in renewable energy solutions and aims to lead in the transition to sustainable energy.
YTD Price Performance: 4.81%
Average Trading Volume: 12,679,279
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £156.4B
For a thorough assessment of SHEL stock, go to TipRanks’ Stock Analysis page.
