Shell plc (NYSE: SHEL) reported Q1 EPS of $1.20, $0.74 worse than the analyst estimate of $1.94. Revenue for the quarter came in at $74.7 billion versus the consensus estimate of $78.42 billion.

OUTLOOK

Cash capital expenditure for full year 2024 is expected to be within $22 - $25 billion. Integrated Gas production is expected to be approximately 920 - 980 thousand boe/d.

Corporate Adjusted Earnings are expected to be a net expense of approximately $400 - $600 million in the second quarter and a net expense of approximately $1,700 - $2,300 million for the full year 2024. This excludes the impact of currency exchange rate and fair value accounting effects.

2024 cash capex outlook remains unchanged at $22 - 25 billion.

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