Shell PLC
SHEL: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 2,938.00 | Jngw | Fsqfvhfjm |
Shell Earnings: Strong Results, Continued Shareholder Returns Should Build Investor Confidence
No-moat Shell's adjusted fourth-quarter earnings surpassed market expectations, falling to $7.3 billion from $9.8 billion the year before on weaker results in the integrated gas segment. Total production volumes were largely flat from the year before. Our fair value estimate is unchanged.