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Shell plc publishes first quarter 2025 press ...
Shell plc publishes first quarter 2025 press ....
About this update from Shell Plc
[{"type":"text","content":"\n\n \n \n\n Shell plc publishes first quarter 2025 press release\n\nLondon, May 2, 2025 \"Shell delivered another solid set of results in the first quarter of 2025. We further strengthened our leading LNG business by completing the acquisition of Pavilion Energy, and high-graded our portfolio with the completion of the Nigeria onshore and the Singapore Energy and Chemicals Park divestments. Our strong performance and resilient balance sheet give us the confidence to commence another $3.5 billion of buybacks for the next three months, consistent with the strategic direction we set out at our Capital Markets Day in March.\" Shell plc Chief Executive Officer, Wael Sawan SOLID RESULTS; RESILIENT BALANCE SHEET; CONSISTENT DISTRIBUTIONS Q1 2025 Adjusted Earnings1 of $5.6 billion reflect strong performance across the business. CFFO excluding working capital was $11.9 billion for the quarter. Working capital outflow was $2.7 billion in Q1 2025.Strengthened LNG trading and optimisation capabilities with the Pavilion Energy acquisition and high-graded the portfolio with the completion of the divestments of the Singapore Energy and Chemicals Park2, and SPDC3 in Nigeria.Disciplined capital allocation, with 2025 cash capex outlook of $20 - 22 billion.Commencing another $3.5 billion share buyback programme for the next 3 months, making this the 14th consecutive quarter of at least $3 billion in buybacks. Total shareholder distributions paid over the last 4 quarters were 45% of CFFO, consistent with the 40 - 50% of CFFO through the cycle distribution target announced at Capital Markets Day 2025.Resilient balance sheet with gearing (including leases) of 19%. $ million1 Adj. Earnings Adj. EBITDA CFFO Cash capex Integrated Gas 2,483 4,735 3,463 1,116 Upstream 2,337 7,387 3,945 1,923 Marketing 900 1,869 1,907 256 Chemicals & Products4 449 1,410 130 458 Renewables & Energy Solutions (42) 111 367 403 Corporate (457) (261) (531) 19 Less: Non-controlling interest (NCI) 94 Shell Q1 2025 5,577 15,250 9,281 4,175 Q4 2024 3,661 14,281 13,162 6,924 1Income/(loss) attributable to shareholders for Q1 2025 is $4.8 billion. Reconciliation of non-GAAP measures can be found in the unaudited results, available at www.shell.com/investors.2 Completed on April 1, 2025.3The Shell Petroleum Development Company of Nigeria Limited.4C...