Shell plc ADR


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Shell PLC ADR delivered a disappointing set of results as it was unable to meet the revenue and earnings expectations of Wall Street. The management maintains a stable net debt of around $40 billion, underscoring financial resilience. With a keen eye on shareholder value, the company announces a $3.5 billion share buyback program, exceeding the Capital Markets Day target and elevating total shareholder distributions to around $23 billion for 2023. In operational excellence, they celebrate the outstanding performance of Pearl GTL in Qatar, boasting an impressive controllable availability of 97%. Simultaneously, Timi in Malaysia emerges as a beacon of efficiency, with its gas production commencing on an unmanned platform that is 60% lighter than traditional counterparts, illustrating a judicious blend of solar and wind energy. This not only exemplifies cost-effectiveness but also underscores a commitment to emissions reduction. In the Downstream sector, the management witnessed progress in the EV strategy in China. Collaborating with BYD, they inaugurated Shell’s largest global EV charging site in Shenzhen, featuring 258 fast-charging points and catering to over 3,300 EV customers. Further, in their subsidiary, Shell Offshore, has purchased MOEX North America’s 20% working interest in the Kaikias field.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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