Shell 2024 Outlook: Capex Unchanged At Of $22B-$25B; Adjusted Earnings Outlook Net Expense Of $1.7B-$2.3B (Prior $1.5B-$2.1B)
Portfolio Pulse from Benzinga Newsdesk
Shell plans to maintain its capital expenditure (capex) for 2024 at $22 billion to $25 billion. The company has also revised its adjusted earnings outlook, now expecting a net expense of $1.7 billion to $2.3 billion, up from the previous forecast of $1.5 billion to $2.1 billion.
May 02, 2024 | 6:36 am
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Shell's capex for 2024 remains unchanged at $22B-$25B, with an adjusted earnings outlook net expense increase to $1.7B-$2.3B from $1.5B-$2.1B.
The unchanged capex indicates Shell's steady investment strategy, while the adjusted earnings outlook suggests a slight increase in expected expenses. This news may have a neutral impact on Shell's stock price as investors digest the implications of the increased expenses against the backdrop of Shell's stable investment plans.
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