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Shell Earnings, Revenue Beat in Q1

Published 05/05/2022, 05:52 AM
Updated 05/05/2022, 05:52 AM - Shell (LON:RDSa) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Shell announced earnings per share of €1.14 on revenue of €79.83B. Analysts polled by anticipated EPS of €1.02 on revenue of €73.4B.

Shell shares are up 40% from the beginning of the year, still down 0.84% from its 52 week high of €27.27 set on May 5. They are outperforming the STOXX 600 which is down 9.52% from the start of the year.

Shell shares gained 2.64% in intra-day trade following the report.

Shell follows other major Energy sector earnings this month

Shell's report follows an earnings beat by Core Laboratories on April 27, who reported EPS of €0.0761 on revenue of €109.64M, compared to forecasts EPS of €0.0577 on revenue of €103.43M.

Stay up-to-date on all of the upcoming earnings reports by visiting's earnings calendar

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