Oddo BHF - SHELL PLC (SHEL) Shell Plc : Oil will be driver of a strong Q2 performance

Report

Oddo BHF

Thijs Berkelder

Shell Plc : Oil will be driver of a strong Q2 performance

>Pre quarterly update 24Q2: strong oil & progressing refinery restructurings - Integrated Gas production for Q2 is now guided at 940-980k boed (Q1 outlook: 920-980k) and LNG liquefaction at 6.8-7.2mt (Q1 outlook 6.8-7.4mt). The production and LNG liquefaction outlook reflected seasonality (higher maintenance). Trading & Optimisation results are expected to be in line with 23Q2, but lower compared to 24Q1 due to seasonality.Upstream production for Q2 is now guided...

05/07/2024 1 EN

Underlying

SHELL PLC

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GB00BP6MXD84 London Stock Exchange Netherlands

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Thijs Berkelder

Other Reports on these Companies

GlobeNewsWire

Transaction in Own Shares

Transaction in Own Shares Transaction in Own Shares 5 July, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 5 July, 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency05/07/2024440,146£29.1050£28.5450£28.7837LSEGBP05/07/2024136,860£29.1050£28.5450£28.7444Chi-X (CXE)GBP05/07/2024106,494£29.0750£28.5550£28.8023BATS (BXE)GBP05/07/202429...

July 5, 2024 July 5, 2024 1 EN

Oddo BHF

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/05/2024

Professional activities are a support factor for organic growth and the sales mix should boost profitability. The regularity and strength of FCF coupled with a sound balance sheet (ND/EBITDA 1.6x) are additional advantages for expanding through acquisitions. We are reiterating our Outperform opinion and our target price of € 140. - ...

July 5, 2024 July 5, 2024 1 EN

Oddo BHF

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/07/2024

Les activités professionnelles constituent un facteur de soutien à la croissance organique et un mix favorable à la hausse de la profitabilité. La régularité et l’importance du FCF couplées à une situation bilancielle déjà saine (DN/EBITDA 1.6x) sont des atouts supplémentaires pour se renforcer par acquisition. Nous réitérons notre opinion Surperformance et OC à 140 € - ...

July 5, 2024 July 5, 2024 1 FR

Allfunds Group Plc : Sluggish flows combined with ramp-up in OPEX leading to softer profitability in H1; 5-10% cuts to adj. net profits on higher D&A

>H1 flows and EBITDA margin behind schedule, but activity should rebound in H2 - Flows from existing clients are still not in the positive territory yet. New onboardings in H1 was overall weak at

12m 12m 1 EN

Florent Laroche-Joubert

Florent Laroche-Joubert

ODDO : Offices Paris region, resilient rental market and still discriminating polarisation

>Rental market: solid resilience with desire for central positions from users - The H1 2024 data released by Immostat on the Paris office segment show resilient uptake, in line with its new annual pace post-Covid and with a continued desire for central positions from a large number of users: Uptake for offices in the Paris region in H1 24 is in resilient form, with 853,300 m² down 5% y-o-y. Among the main trends experienced by real estate brokers, we note: 1/ sta...

18m 18m 1 EN

Thomas Zlowodzki

Thomas Zlowodzki

Résultats des élections législatives en France : une baisse attendue ce matin sur les actions françaises et beaucoup d’incertitudes pour la suite

Les actions françaises devraient en ce début de semaine baisser, pour retrouver leur plus bas de fin juin. Par la suite, plusieurs combinaisons sont possibles pour former un gouvernement, mais toutes ont en commun un décentrage à gauche de la politique économique qui sera menée, avec une augmentation de la fiscalité du capital. La prime de risque actions France est amenée à remonter de façon durable. >...

42m 42m 1 FR

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Shell Plc : Oil will be driver of a strong Q2 performance

Transaction in Own Shares

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/05/2024

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/07/2024

Allfunds Group Plc : Sluggish flows combined with ramp-up in OPEX leading to softer profitability in H1; 5-10% cuts to adj. net profits on higher D&A

ODDO : Offices Paris region, resilient rental market and still discriminating polarisation

Résultats des élections législatives en France : une baisse attendue ce matin sur les actions françaises et beaucoup d’incertitudes pour la suite

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