Shell Divests Jiffy Lube to Monomoy Capital Partners for $1.3 Billion
SHEL sells Jiffy Lube to Monomoy for $1.3 billion, divesting a non-core asset as it sharpens focus on higher-return lubricants and mobility segments.
Exclusive: Shell, TotalEnergies and others declare FM to their clients who take LNG from Qatar - sources say
Some clients of QatarEnergy, including Shell , TotalEnergies , and other companies in Asia have declared force majeure to their customers who take Qatari liquefied natural gas (LNG) through them, three sources told Reuters on Wednesday.
Shell to Sell Jiffy Lube and Premium Velocity to Monomoy for $1.3 Billion
The sale would include the Jiffy Lube brand and a network of franchised stores owned and operated by independent franchisees.
Shell to offload Jiffy Lube, Premium Velocity to Monomoy Capital for $1.3 billion
Shell said on Monday it will sell its subsidiaries Jiffy Lube and Premium Velocity Auto to an affiliate of private equity firm Monomoy Capital Partners for $1.3 billion, as the oil major continues to shed non-core assets under CEO Wael Sawan's strategy to focus on higher-return businesses.
FTSE 100 Index today: BP, Shell shares jump as most constituents slump
The FTSE 100 Index tumbled for the third consecutive day, reaching its lowest level since January 20. It retreated by over 7% from its highest point this year and is nearing its correction zone by falling by 10% from the year-to-date high.
Shell, BP, Ithaca and Harbour Energy boosted as oil prices surge over $100
Oil companies were the only shares in green on Monday as oil prices were catapulted higher by the ongoing war in the Middle East. Brent crude oil surged at the start of the new week, jumping to $107 per barrel, having risen from $84 to $92 last week.
Shell Secures Major Oil and Gas Agreements With Venezuela
SHEL expands Venezuela footprint with Dragon gas project and new partnerships, targeting first gas to Trinidad by Q3 2027 and boosting supply to Atlantic LNG.
Shell Steps In to Rescue Raizen With Major Capital Commitment
SHEL plans a $668M lifeline for Raizen as rescue talks collapse, raising stakes in Brazil's sugar-ethanol giant and reshaping the joint venture's future.
Shell committed to backstop Raizen with $668 million investment, Brazil CEO says
London listed oil company Shell is committed to investing 3.5 billion reais ($667.84 million) in troubled sugar and ethanol maker Raizen , the energy company's Brazil CEO said on Tuesday.
IFLN: A New Fallen Angels ETF In An Old Shell
Invesco Bloomberg Enhanced Fallen Angels ETF is a newly restructured fund focusing on fallen angels, with historical data prior to 2/23/2026 irrelevant. IFLN offers lower aggregate credit risk than broader high-yield ETFs, with 81% of assets in BB-rated bonds and moderate interest rate risk (duration 4.5 years). The fund's portfolio is diversified across sectors, with the top 10 issuers accounting for 46.5% and the largest at 5%.
Shell and BP shares lifted as oil and gas price spike on Iran war
Shell PLC and BP PLC shares were among the biggest risers on the FTSE 100 on Monday as oil and gas prices spiked after the US and Israel carried out military strikes on Iran, sparking retaliatory rocket and drone attacks against other sites in the region. Brent crude oil futures jumped almost 8.8% to $79.25 a barrel, the highest since the start of last year.
Shell ready for bigger backstop of Brazil sugar-ethanol JV Raizen, sources say
Oil major Shell , the healthier joint-venture partner in Brazilian sugar and ethanol producer Raizen, is ready to pour more resources into a recapitalization of the distressed company, three people familiar with the matter told Reuters.
