Shell Q4 Pre-tax Profit Surges, Adj. EBITDA Down; Starts $3.5 Bln Share Buyback

(RTTNews) - British oil and gas major Shell Plc (SHEL, SHEL.L) reported Thursday that its fourth-quarter income before taxation surged to $4.21 billion from last year's $1.64 billion.

Income attributable to shareholders was $928 million, higher than $474 million a year ago.

Earnings per share more than doubled to $0.15 from $0.07 last year.

Adjusted Earnings were $3.66 billion, compared to $7.31 billion a year ago.

Adjusted Earnings per share were $0.60, compared to $1.11 in the prior year.

Adjusted EBITDA dropped to $14.28 billion from $16.34 billion last year.

Total revenue and other income fell to $66.81 billion from prior year's $80.13 billion.

Revenue was $66.28 billion, lower than $78.73 billion a year ago.

Looking ahead, cash capital expenditure range for the full year 2025 is expected to be lower than 2024 range, with more guidance to come at the Capital Markets Day 2025.

Integrated Gas production is expected to be approximately 930 - 990 thousand boe/d.

Upstream production is expected to be approximately 1,750 - 1,950 thousand boe/d.

Separately, Shell announced the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately three months.

Subject to market conditions, the programme will be completed prior to the Company's Q1 2025 results announcement, scheduled for May 2.

The maximum number of ordinary shares which may be purchased or committed to be purchased by the Company under the programme is 420 million.

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