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Shell has reported a fourth-quarter adjusted profit of $3.66 billion for 2024, falling short of analysts' expectations of $4.36 billion. The company's adjusted earnings per share (EPS) were $0.60, below the anticipated $0.68. Despite the profit decline, which was attributed to weaker oil prices and lower LNG trading, Shell announced a $3.5 billion share buyback program and raised its dividend by 4%. The company's net debt stood at $38.81 billion, lower than the estimated $41.22 billion. For the full year, Shell's profit dropped by 17% amid declining oil and gas prices and asset write-offs, with an annual profit reported at $16 billion.
$XOM Reports Q4 $1.67 adj v $1.56e, Rev $83.4B v $87.1Be (Exxon Mobil Corporation) - Guides initial FY25 Cash Capex $27-29B v $26B y/y; In 2025, we’re starting up 10 key projects with 2026 >$3B earnings potential; Sees annual share buybacks $20B; First quarter is a turnaround…
BIG OIL 4Q EARNINGS: Chevron's earnings come a bit softer than expected, but it keeps buybacks at the same quarterly level (~$4-$4.75 billion) and ups 5% the dividend (plus the positive that net debt came down). But strong oil output growth ahead in 2025 | #OOTT $CVX
ExxonMobil Q4 2024 Earnings: Adj EPS $1.67 (est $1.55) || Rev $83.43B (est $83.71B) || Production 4,602 KOEBD (est 4,640) || Refinery Throughput 4,030 KBD (est 4,029)