Transition and commodity prices will be key themes in the results statement. Shell recently updated investors with more detail on its plan emphasis on customer demand, no doubt it will be a feature in Thursday’s first-quarter results.
“Shell is attempting to pull off a metamorphosis but shrugging off its fossil fuel skin to reveal a new cleaner energy giant underneath is no easy transition,” said Susannah Streeter, analyst at Hargreaves Lansdowne.
“Refocusing on cleaner assets is an expensive path to tread, and needs to be paid for revenues from its traditional oil assets.
“Shell is trying to make the transition through a radical restructuring, that aims to focus the group down onto core assets, shedding billions of dollars of non-core businesses and reduce its refining footprint.”
Unilever volumes key for first quarter
Volumes will be key for the owner of Persil and Hellman’s Mayonnaise, as well as whether it expects the rising levels of COVID-19 cases in certain countries to impact its emerging markets, particularly India and Brazil.
However, investors will are at least unlikely to worry about the dividend, as the group has previously stressed the importance of growing its shareholder payouts.
Thursday April 29
Trading announcements: Royal Dutch Shell PLC (LON:RDSB), NatWest Group PLC (LON:NWG), Standard Chartered PLC (LON:STAN), Unilever PLC (LON:ULVR), Flutter Entertainment PLC (LON:FLTR), Meggitt PLC (LON:MGGT), Indivior PLC (LON:INDV), ConvaTec Group PLC (LON:CTEC), Evraz PLC (LON:EVR), Howden Joinery Group PLC (LON:HWDN), Inchcape PLC (LON:INCH), Lancashire Holdings Ltd (LON:LRE), Schroders PLC (LON:SDR), Smith & Nephew PLC (LON:SN.), Computacenter PLC (LON:CCC), DS Smith PLC (LON:SMDSL), Glencore PLC (LON:GLEN), Kaz Minerals PLC (LON:KAZ), St James’s Place PLC (LON:STJ), Weir Group PLC (LON:WEIR)
Economic data: US GDP, US jobless claims