Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

[Earnings Review] Shell Surpasses Earnings Forecasts with Strong Upstream and Retail Gains

Energy Transition | AI | Shifting World Order, Mint Finance

Suhas Reddy

Energy Transition | AI | Shifting World Order

Equity Bottom-Up

<ul>
<li>Shell forecasts a decline in upstream production, gas price realisations, and refining margins. Its QoQ Revenue &amp; EPS are expected to drop 4.3% and 21.7%, respectively.</li>
<li>Shell anticipates Q2 post-tax impairments of USD 1.5 to USD 2 billion due to halting a biofuels plant in Rotterdam and divesting its Singapore refinery.</li>
<li>On a brighter note, Shell anticipates higher chemical margins, increased marketing sales volume, and improved refinery utilisation rates in Q2.</li>
</ul>


Shell forecasts a decline in upstream production, gas price realisations, and refining margins. Its QoQ Revenue &amp; EPS are expected to drop 4.3% and 21.7%, respectively.
Shell anticipates Q2 post-tax impairments of USD 1.5 to USD 2 billion due to halting a biofuels plant in Rotterdam and divesting its Singapore refinery.
On a brighter note, Shell anticipates higher chemical margins, increased marketing sales volume, and improved refinery utilisation rates in Q2.


[Earnings Preview] Bleeding Refining Margins & Lower Gas Prices to Eat into Shell’s Earnings

Shell PLC

[Earnings Preview] Bleeding Refining Margins & Lower Gas Prices to Eat into Shell’s Earnings