Shell PLC
SHEL: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|mx< | LOCK|$$Z | LOCK|lpqL#&S |
Shell Earnings: Focus on Improving Returns Pays Off
Shell's third-quarter earnings exceeded market expectations with strong performance across all segments. It maintained its quarterly repurchase rate of $3.5 billion as gearing fell on strong cash flow generation and guided to 2024 cash capex below the lower end of its prior guidance range.
