0830 GMT - Shell is well-positioned to navigate oil-price volatility and geopolitical uncertainty, writes Maurizio Carulli, global energy and materials analyst at Quilter Cheviot. The oil company's adjusted earnings jumped 52% on quarter and exceeded expectations by 12.5% on an encouraging upstream performance, he says. Its commitment to delivering shareholder value is clear and is supported by a break-even dividend price at $40 a barrel of crude oil, and a share-buyback break-even at $50 a barrel, he writes. This is comfortably below current Brent prices of $62 a barrel, he adds. Shares trade up 3.4% at 2,519.50 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 04:30 ET (08:30 GMT)
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