Shell 2024 Outlook: Capex Unchanged At Of $22B-$25B; Adjusted Earnings Outlook Net Expense Of $1.9B - $2.3B (Prior $1.7B-$2.3B)
Portfolio Pulse from Benzinga Newsdesk
Shell has released its 2024 outlook, maintaining its capital expenditure (Capex) at $22 billion to $25 billion. The company has adjusted its earnings outlook to a net expense of $1.9 billion to $2.3 billion, up from the previous range of $1.7 billion to $2.3 billion.
August 01, 2024 | 6:18 am
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Shell's 2024 outlook maintains Capex at $22B-$25B, but increases the lower end of its net expense forecast to $1.9B-$2.3B from $1.7B-$2.3B.
The unchanged Capex indicates stability in investment, but the increased lower end of the net expense forecast suggests higher anticipated costs, which could negatively impact short-term stock prices.
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