2024-04-08 11:02:17
The analyst believes that the trading indicators are broadly in line. UBS confirms its neutral advice on the value and leaves its target unchanged at 2,700 pence, which represents a potential decline of -2%.
‘Our estimate for Q1 net profit is unchanged, with a reduction in IG profits offset by increases elsewhere. We are 13% above the Alpha Value consensus’ indicates UBS.
Shell tightened several of its performance targets for the first quarter of 2024 last Friday.
The group also indicated that it was targeting a reduction of 15 to 20% by 2030 in the net carbon intensity of the energy products it sells, compared to 2016, when the previous objective targeted a 20% reduction.
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