1100 GMT - Shell's fourth-quarter earnings will be hit by a weaker downstream performance, J.P.Morgan's Matthew Lofting, Tianyu Wu and Riddhi Agarwal write. The British energy major delivered a solid 9-month performance but its final quarter was more mixed, they say. Its upstream performance will be offset by downstream, which will drag on earnings, they add. One bright spot is the integrated gas division, where sequentially in-line results are better than seasonally expected, the analysts say. Despite the release, Shell sits as one of the best performers within a largely bearish sector, the analysts write. Shares trade down 2.4% at 2,591 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 08, 2026 06:00 ET (11:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments