Shell PLC
SHELL: XAMS (NLD)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€23.00 | Ygqn | Xdnqwmrt |
Shell Earnings: Another Stronger-Than-Expected Quarter as Cost-Reduction Progress Is Made
No-moat Shell's reported second-quarter adjusted earnings increased to $6.3 billion from $5.1 billion the year before, exceeding market expectations, largely thanks to strong upstream and marketing performance. Production fell 3% from the quarter a year ago but is 2% higher through the first half of the year compared with 2023. Our fair value estimate is unchanged.