Shell Raises Q3 Upstream Production Outlook, Revises Integrated Gas Guidance
Portfolio Pulse from Lekha Gupta
Shell plc has revised its Q3 FY24 operational outlook, raising upstream production guidance and adjusting integrated gas and marketing forecasts. The company's shares are trading higher premarket. Investors can gain exposure to Shell through ETFs like EIPX and HAP.
October 07, 2024 | 1:25 pm
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POSITIVE IMPACT
Investors can gain exposure to Shell's performance through the First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF, which may benefit from Shell's positive outlook.
As EIPX includes Shell, the positive outlook for Shell could enhance the ETF's performance, attracting investors seeking energy sector exposure.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
VanEck Natural Resources ETF provides exposure to Shell, which has a positive Q3 outlook. This could positively impact the ETF's performance.
HAP includes Shell, and the company's positive outlook could boost the ETF's performance, appealing to investors interested in natural resources.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Shell has raised its Q3 FY24 upstream production outlook and revised integrated gas guidance, leading to a premarket share price increase. The company also reported strong Q2 earnings.
Shell's revised production outlook and strong Q2 earnings are positive indicators for the company's performance, likely boosting investor confidence and driving the share price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100