SHEL Stock Summary and Trading Ideas (Shell PLC American Depositary Shares (Each Representing Two (2) Ordinary Shares) | NYSE:SHEL)

Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2023, reserves stood at 9.6 billion barrels of oil equivalent, 49% of which, consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with capacity of 1.6 mmb/d located in the Americas, Asia, Africa, and Europe and sells about 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.

Shell PLC American Depositary Shares (Each Representing Two (2) Ordinary Shares) trades on the NYSE stock market under the symbol SHEL.

As of November 7, 2024, SHEL stock price climbed to $68.61 with 4,194,092 million shares trading.

SHEL has a beta of 0.22, meaning it tends to be less sensitive to market movements. SHEL has a correlation of 0.03 to the broad based SPY ETF.

SHEL has a market cap of $211.02 billion. This is considered a Mega Cap stock.

Last quarter Shell PLC American Depositary Shares (Each Representing Two (2) Ordinary Shares) reported $71 billion in Revenue and $1.92 earnings per share. This beat revenue expectation by $10 billion and exceeded earnings estimates by $.26.

The top ETF exchange traded funds that SHEL belongs to (by Net Assets): DFIV, EAGL, DFIC, AVDE, DFAX.

SHEL has underperformed the market in the last year with a return of +6.8%, while the SPY ETF gained +38.3%. In the last 3 month period, SHEL fell short of the market, returning -0.1%, while SPY returned +14.4%. However, in the most recent 2 weeks SHEL has outperformed the stock market by returning +3.1%, while SPY returned +3.0%.

SHEL support price is $67.46 and resistance is $69.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHEL shares will trade within this expected range on the day.