Our latest analysis on Shell (2024 NAV Model) uses a field-based Net Asset Value framework to deconstruct the company's core asset classes: Upstream, LNG, Downstream, and Emerging Power.
📉 Sensitivity to Brent and global gas prices
📈 NAV/share at $74.74 vs. market price of $71.10
Read the full breakdown here → https://open.substack.com/pub/alexanderfernandez/p/shells-true-worth-a-net-asset-value?r=59s3mr&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true