0914 GMT - Shell's call with analysts will likely focus on capital expenditure flexibility, sustainability of distributions and what is driving its trading division's performance, HSBC's Kim Fustier writes. Around half of Shell's peers have officially trimmed 2025 capex guidance but Shell confirmed its $20 billion and $22 billion range, the head of European oil and gas research writes. Meanwhile, analysts will be interested in the strengths of Shell's trading business given some peers have commented on challenging trading conditions, Fustier adds. Shares trade up 2.8% at 2,504.5 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 05:14 ET (09:14 GMT)
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