Shell (LON:SHEL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$71.1b (down 6.9% from 3Q 2023).

• Net income: US$4.29b (down 39% from 3Q 2023).

• Profit margin: 6.0% (down from 9.2% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.69 (down from US$1.06 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shell Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 22%.

Looking ahead, revenue is expected to fall by 2.6% p.a. on average during the next 3 years compared to a 1.8% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Shell that we have uncovered.

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