The Shell service station logo is shown on February 13, 2025 in Austin, Texas.
Brandon Bell | Getty Images News | Getty images
British oil giant Shell On Friday, he reported a stronger gain than expected in the first quarter and kept the rhythm of his sharing repurchase program, even when the profits fell into more than one quarter compared to the same period last year.
Shell reported adjusted profits of $ 5.58 billion during the first three months of the year, exceeding the expectations of analysts of $ 5.09 billion, according to a consensus compiled by LSE. An analyst prognosis by the company had expected the profits of Shell’s first quarter to reach $ 4.96 billion.
Shell reported tight profits of $ 7.73 billion during the same period last year, about 28% more than the first quarter of 2025, and $ 3.66 billion for the last three months of 2024.
Shell’s shares quoted 2.6% more at 1:52 pm London time.
Big Oil’s shareholders have been a Hotontones problem for investors, particularly as industry profits continue to decrease in maximum records in 2022.
A weak demand perspective, the fall in the prices of crude oil and the commercial policy that changes the president of the United States, which changes rapidly, has shaken the feeling of investors in recent months.
For his part, Shell announced on Friday another shares of shares of $ 3.5 billion, which he hopes to complete in the next three months. It marks the 14th consecutive quarter of at least $ 3 billion in repurchases, the company said.
On the contrary, the British rival BP On Tuesday he reduced his repurchase of actions when the first quarter profits did not reach the expectations of the analysts.
Shell’s CEO, Wael Sawan, described profits as “another solid set of results.”
“Our solid performance and resilient balance give us confidence to start another $ 3.5 billion repurchases for the next three months, according to the strategic direction we established on our day of capital markets in March,” Sawan said in a statement.
Shell reaffirmed its reduced annual investment budget from $ 20 billion to $ 22 billion by 2025.
In March, Shell had announced plans to increase the yields of the shareholders and reduce spending, doubling its liquefied natural gas thrust (LNG).
Oil prices
Oil prices have fallen in recent months on demand for fears. International Brent Brent futures with July delivery were negotiated at $ 61.78 per barrel on Friday morning, approximately 0.6% lower for the session. That is less than around $ 83 per barrel a year ago.
Bank of America analysts said that the results season of Big Oil’s first quarter had been eclipsed by speculation, which suggests that the king of the Saudi Arabia OPEC was no longer willing to underpin oil prices.
In a research note published on Friday, Wall Street Bank analysts reiterated their strategy vision of the sector to prefer the tastes of Shell, France, France Totalgies and Norway Equinor Among the energy specialties of Europe.
“The strongest balances … will allow them to resist pressure on cash flows from the lowest oil prices without exposing the shareholders to such dilution, either from procyclical provisions, organic cuts at their base of resources and growth perspectives or, in fact, the distributions of shareholders,” said Bank of America analysts.
