RBC has revised down its third-quarter profit forecast for Shell PLC from $12.0 billion to $11.5 billion following the company's recent trading update, mainly due to weaker results in chemicals, integrated gas, and marketing divisions. However, RBC increased its cash flow from operations estimate from $19.2 billion to $19.5 billion, supported by better-than-expected downstream margins and Shell's global shipping fleet mitigating freight cost pressures. RBC maintains a sector perform rating with a 4,000 pence target and expects modest shareholder returns, forecasting $3.5 billion in buybacks and a slight easing of the cash flow payout ratio to 40% from 44%.
Following RBC's revised profit forecast for Shell, the stock shows resilience on Pluang, trading at USD 99.88 with a positive 3.13% change as of Oct 08, 2026 21:03 WIB. Despite the cautious outlook, Shell maintains a substantial market cap of $275.54 billion and offers a dividend yield of 3.23%. Pluang investors currently lean heavily towards selling, with 90% of order activity in that direction, reflecting mixed sentiment amid the updated forecasts.
Oil prices have reached $100 a barrel amid Tropical Storm Isaias, which is expected to become a hurricane and impact the northern Gulf Coast. The storm has already shut in about 25% of Gulf oil production and forced evacuations on several offshore pl...
Shell reported a sharp rise in refining margins to an estimated $42 per barrel in Q3, up from $24 in Q2, driven by stronger market conditions. Integrated gas production increased to between 740,000 and 780,000 barrels of oil equivalent per day, boost...
