Shell (SHEL) Exits China's Power Market, Focuses on Fossil Fuels Wed, May 8, 2024, 5:45 PM GMT+2 3 min read 0 Zacks Rank and Key Picks Advertisement Up next 3 Momentum Anomaly Stocks to Be...
SM Energy Company (SM)
Last sm energy company earnings: 2/19 04:15 pm
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The withdrawal is related to its strategic shift toward refocusing on its profitable businesses, including those associated with traditional fossil fuels, such as oil and natural gas. Apart from that, the withdrawal can also be linked with intense competition and challenges in achieving profitability within China's electricity retail market. Management has stated that it is being selective when it comes to investing in power, emphasizing that its focus will be on delivering value from its power portfolio. However, this may, at times, require difficult decision making. Its decision to exit the China power markets has been effective since 2023-end. However, it will continue working with partners and customers to support China's energy transition process. SHEL provided the first update of its energy transition strategy in March 2024, since the launch of its ‘Empower Progress' business strategy in 2021. The update included lowering its carbon emission targets and refining the approach
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News
- What Are the Key Takeaways From IEA's Oil Market Report? [Yahoo! Finance]Yahoo! Finance
- SM Energy (NYSE: SM) had its price target raised by analysts at Mizuho from $57.00 to $62.00. They now have a "buy" rating on the stock.MarketBeat
- SM Energy (NYSE: SM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- SM Energy (NYSE: SM) had its price target raised by analysts at Royal Bank of Canada from $50.00 to $54.00. They now have a "sector perform" rating on the stock.MarketBeat
- Shell (SHEL) to Sell Off Its Singapore Refinery and Other Assets [Yahoo! Finance]Yahoo! Finance
SM
Earnings
- 5/2/24 - Beat
SM
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/3/24 - Form 10-Q
- SM's page on the SEC website