Filing Flows › Shell (SHEL) › Q3 2024
Shell (SHEL) Q3 2024 earnings results (third quarter 2024)
6-K filed Oct 31, 2024
Shell (SHEL) reported revenue of $71.1B for the third quarter 2024 (Q3 2024), -7% from a year earlier. Operating margin was 10.2%, net earnings $4.3B (6.0% of revenue).
Shell, Q3 2024: revenue $71.1B (-7% year over year), operating margin 10.2%, net earnings $4.3B, operating cash flow $14.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.1B | — | -7% |
| Operating profit | $7.3B | — | -36% |
| Net earnings | $4.3B | — | -39% |
| Operating cash flow | $14.7B | — | +19% |
What changed
Revenue was $71.1B in Q3 2024, down 7% year over year.
Operating profit was $7.3B, a 10.2% margin (down 4.6 points year over year). Total costs fell 2% while revenue fell 7%. The fastest-growing cost line was Research & development (+10%). Net earnings were $4.3B, down 39% year over year. The effective tax rate was 39.6%.
Operating cash flow was $14.7B (up 19% year over year), 334% of net income including minority interests. Working capital and other items added $10.3B.
Questions
What was Shell's revenue in the third quarter 2024?
Shell (SHEL) reported revenue of $71.1B for the third quarter 2024 (Q3 2024), -7% from a year earlier.
Was Shell profitable in the third quarter 2024?
Operating profit was $7.3B (10.2% of revenue) and net earnings $4.3B.
Source: Shell 6-K on SEC EDGAR.