{"id":79216,"date":"2026-07-08T15:52:11","date_gmt":"2026-07-08T15:52:11","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/79216\/"},"modified":"2026-07-08T15:52:11","modified_gmt":"2026-07-08T15:52:11","slug":"shell-forecasts-upgraded-as-brokers-account-for-the-incremental-positives","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/79216\/","title":{"rendered":"Shell forecasts upgraded as brokers account for the incremental positives"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/68157ED3EB671BFB858446346042A40CA5CE98B1F3F3AFBCFF857CC5E4975C5C\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fproactive_uk_164%2F17495cf6459667837622bc4a49807f11\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Shell forecasts upgraded as brokers account for the incremental positives\" height=\"540\" width=\"960\" class=\"yf-lglytj loader\"\/><\/a> Shell forecasts upgraded as brokers account for the incremental positives Proactive uses images sourced from Shutterstock           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/finance.yahoo.com\/quote\/SHEL.l\" data-ylk=\"slk:Shell%20Plc&#039;s%C2%A0(LSE%3ASHEL%2C%20NYSE%3ASHEL);elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Shell Plc&#039;s\u00a0(LSE:SHEL, NYSE:SHEL)&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"nofollow noopener\">Shell Plc&#8217;s\u00a0(LSE:SHEL, NYSE:SHEL)<\/a> second-quarter update has pushed brokers to raise forecasts, with Citi lifting its EPS estimate by 13% and Jefferies increasing its earnings forecast by 14% to around US$9 billion.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Citi said the statement was &#8220;incrementally positive&#8221;, with the main upside coming from downstream. It pointed to strong oil trading, a rebound in chemical margins linked to the Gulf crisis and resilient fuels marketing margins.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The broker cautioned that these were &#8220;essentially temporary to the quarter&#8221;, though cash flow should also benefit from derivatives, tax-lag effects and working capital release.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Jefferies was also upbeat, raising its cash-flow estimate before working capital by 16% to more than US$18 billion, helped by stronger Integrated Gas volumes, lower costs and &#8220;significantly higher&#8221; trading and optimisation.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The broker reiterated its Buy rating and \u00a345 price target, implying about 49% upside from \u00a330.11.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Shell is an integrated oil and gas group spanning Integrated Gas, Upstream, Marketing, Chemicals &amp; Products, and Renewables and Energy Solutions.  <\/p>\n","protected":false},"excerpt":{"rendered":"Shell forecasts upgraded as brokers account for the incremental positives Proactive uses images sourced from Shutterstock Shell Plc&#8217;s\u00a0(LSE:SHEL,&hellip;\n","protected":false},"author":2,"featured_media":79217,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20685],"tags":[20905,1150,4496],"class_list":["post-79216","post","type-post","status-publish","format-standard","has-post-thumbnail","category-shell","tag-integrated-gas","tag-shell","tag-shell-plc"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116885163008642258","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/79216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=79216"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/79216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/79217"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=79216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=79216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=79216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}