Shell plc (SHEL) Misses Q2 EPS by 89c; offers outlook

Shell plc (NYSE: SHEL) reported Q2 EPS of $0.99, $0.89 worse than the analyst estimate of $1.88. Revenue for the quarter came in at $74.46 billion versus the consensus estimate of $69.73 billion.

OUTLOOK

Q3 Outlook

Cash capital expenditure for full year 2024 is expected to be within $22 - $25 billion.

Corporate Adjusted Earnings are expected to be a net expense of approximately $500 - $700 million in the third quarter and a net expense of approximately $1,900 - $2,300 million for the full year 2024. This excludes the impact of currency exchange rate and fair value accounting effects.

For earnings history and earnings-related data on Shell plc (SHEL) click here.

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