Shell 2024 Outlook: Sees Capex Of $22B-$25B; Adjusted Earnings Outlook Net Expense Of $1.5B-$2.1B
Portfolio Pulse from Benzinga Newsdesk
Shell forecasts a capital expenditure (Capex) of $22 billion to $25 billion for 2024. The company also projects an adjusted earnings outlook with a net expense of $1.5 billion to $2.1 billion.

February 01, 2024 | 7:28 am
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Shell anticipates a Capex of $22B-$25B for 2024 and expects adjusted earnings to include a net expense of $1.5B-$2.1B.
Shell's projected Capex for 2024 indicates a significant investment in its operations, which could lead to future growth. However, the expected net expense in adjusted earnings may concern investors about potential short-term profitability challenges. The impact on the stock price is likely to be neutral in the short term as the market digests the implications of the Capex and net expense figures. Investors may view the Capex as a positive sign of growth, while the net expense could be seen as a negative factor.
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