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Shell Q4 Pre-tax Profit Surges, Adj. EBITDA Down
Shell rallies after boosting dividend, buybacks despite Q4 profit drop
Shell (NYSE:SHEL) +3.2% in Thursday's trading despite missing Q4 earnings and revenue estimates, weighed by weaker oil and gas prices and demand, but the company increased shareholder returns in a sign of confidence in its strategy of refocusing on its most profitable sectors.
Shell reports Q4 profit drop, announces $3.5 bln share buyback
Shell reported a drop in fourth-quarter profit on Thursday, missing estimates due to lower refining margins and LNG trading, while announcing a $3.5 billion share buyback and a 4% dividend increase. Fiona Jones reports.
Shell Q4 Pre-tax Profit Surges, Adj. EBITDA Down; Starts $3.5 Bln Share Buyback
British oil and gas major Shell Plc (SHEL, SHEL.L) reported Thursday that its fourth-quarter income before taxation surged to $4.21
Q4, Economic Growth
U.S. Economy Grew Slower Than Expected Last Quarter—Weakest Q4 Since 2018
After entering a technical recession in 2022, the U.S. economy has proven resilient even amid high interest rates.
U.S. Economic Growth Slows More Than Expected In Q4
U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce
Economic Growth Likely Slowed in 2024’s Final Quarter
Economic growth proved surprisingly robust last year, but economists expect that momentum waned during the final three months of 2024.The Bureau of Economic Analysis is set to release the first estimate of growth in inflation-adjusted fourth-quarter gross domestic product on Thursday at 8:30 a.
1h
American Financial Group: Q4 2024 Earnings Preview
American Financial Group is a mid-sized P&C insurer with strong underwriting performance and a focus on specialty lines. Read ...
1h
on MSN
Blackstone Beats in Q4; AUM Sets Record
Blackstone beat earnings expectations in Q4 2024, showcasing strong growth in key financial metrics.
6h
on MSN
Analysts overhaul Tesla stock price targets after Q4 earnings
Tesla shares bumped higher in early Thursday trading following a disappointing fourth quarter earnings update that was ...
21h
on MSN
Meta Blows Past Q4 Expectations With Record Revenue and Profit as Zuckerberg Touts Massive AI Investment
Meta reported record quarterly revenue and net profit for Q4 2024 as it looks to massively boost spending on AI in 2025.
Shacknews
1h
Listen to the Intel (INTC) Q4 2024 earnings call here
Intel (INTC) will be reporting its latest round of earnings when markets close today. Shortly thereafter, the company will ...
12h
Microsoft shares slide on cloud outlook; Meta up after Q4 beat
Microsoft shares fell in Europe on Thursday after it issued a downbeat forecast for its cloud business, while Facebook parent ...
4h
on MSN
SiriusXM Caps Year Of Regrouping With Better-Than-Expected Q4 Results
SiriusXM, which has been trimming staff and regrouping in several areas, reported better-than-expected results in the fourth quarter.
3h
on MSN
Dow Misses Q4 EPS, Revenue Expectations
The chemicals and materials science giant came up short on both the top and bottom lines amid declines in its largest segment.
Transport Topics
3h
Lower Truck Sales, Higher Costs Hurt Volvo Q4 Profits, Margins
A decrease in truck sales in North America and Europe plus increased production costs in the U.S. dragged on Volvo Group AB ...
6h
Summers Value Partners Q4 2024 Partner Letter
In 2024, the Summers Value Fund LP (“the Fund”) delivered a net1 return of 27.4%. Click here to read the full letter.
2h
on MSN
Material sciences company Dow posts Q4 loss, says it's cutting 1,500 jobs, 4% of workforce
Dow said the staff reductions are part of a plan to cut $1 billion in costs, citing “persistently weak macroeconomic ...
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