Shell to give break from retail with fourth quarter update
Shell PLC's (LSE:SHEL, NYSE:SHEL) fourth-quarter production update tomorrow should give some insight into how it is dealing with the steady drip down in oil prices. Even with a rally at the end of 2024 to $77 a barrel, crude prices have gone nowhere for a year, which might spur even greater emphasis on cost-cutting from chief executive Wael Sawan.
Shell upgraded to Outperform at Wolfe Research on valuation
Wolfe Research upgraded Shell to Outperform from Peer Perform with an $80 price target. The pullback in the shares is an attractive entry point ahead of the company's strategy update that should provide strategy targets through 2030, and Shell's now more-balanced strategy embraces its legacy oil and gas portfolio with the most immediate impact lower cash spending and structural cost savings, the analyst tells investors in a research note. The 2025 update has the potential to rebase Shell's free cashflow growth outlook beyond a view on "real" oil prices, the firm adds.
The Zacks Analyst Blog Shell, Equinor and BP plc's
Shell, Equinor and BP plc's are included in this Analyst Blog.
Is Shell Stock a Smart Investment Option for Next Year?
SHEL's current valuation, reflected in a Zacks Value Score of A, underscores its appeal in a competitive market.
Shell Halts Oil Processing at Pulau Bukom for Leak Investigation
SHEL halts operations at its Pulau Bukom refinery in Singapore due to a suspected oil leak, ensuring minimal environmental impact.
Shell's STCBL to be Acquired by Touchstone for $23 Million
SHEL's STCBL acquisition to strengthen Touchstone's foothold in Trinidad and boost LNG production and sales.
Shell (SHEL) Advances While Market Declines: Some Information for Investors
In the most recent trading session, Shell (SHEL) closed at $61.69, indicating a +0.54% shift from the previous trading day.
Shell shuts down oil processing unit to investigate leak, Singapore's port authority says
Shell has shut down one of its oil processing units in Pulau Bukom to facilitate investigation into a suspected leak in the system, the Maritime and Port Authority of Singapore and National Environment Agency said on Friday.
Oil majors like BP, Shell shift focus back to oil and gas, delaying clean energy goals
Major energy companies in Europe focused on profits from oil and gas business in 2024, pushing back climate commitments, Reuters reported on Thursday. According to the report, the trend is likely to continue in 2025 as well.
Shell Is A Great Integrated Oil Company
Shell plc, known as Royal Dutch Shell, boasts a market cap of almost $200 billion, making it a significant player in the integrated oil sector. The company's impressive assets, diversification, and steady cash flow position SHEL stock as a valuable investment, even with a higher share price. A major risk is the uncertainty of returns from Shell's heavy investments in transitioning its portfolio, a critical factor for potential investors.
Shell Joins Forces With YPF on Argentina's $50B LNG Leap
SHEL's venture in Argentina for a $50B LNG project, eyes 10 million tons/year, unlocking the vast potential of Vaca Muerta shale reserves.
Prax and Shell call off deal on stake in PCK Schwedt oil refinery
Prax and Shell have decided not to proceed with the sale of Shell's share in the PCK Schwedt oil refinery in Germany to Prax, they said on Friday.
