SHEL and INEOS Energy announce a major Nashville oil discovery, with a potential Appomattox tie-back supporting long-term Gulf energy security.
Shell is upgraded to Buy, reflecting robust cash flows, disciplined capital allocation, and potential for a narrowing European valuation discount. SHEL delivered strong Q3 results with $10B free cash flow and maintains a compelling long-term growth pipeline, targeting over 10% nFCF per share growth through 2030. Management continues sizable buybacks and dividend growth while investing globally in LNG, oil, targeting margin-focused expansion.
SHEL approves a waterflood project at the Kaikias field to lift recoverable resources and extend the Ursa platform's productive life in the Gulf of America.
BP PLC (LSE:BP.) shares fell 1.9% to 429.3p, a six-week low, after reports that Shell PLC's (LSE:SHEL, NYSE:SHEL) mergers chief departed after CEO Wael Sawan blocked a bid for its FTSE rival.
Shell has restarted efforts to sell its stake in Germany's PCK Schwedt oil refinery, three sources familiar with the matter told Reuters, aiming to exit an asset entangled in Western sanctions on Russia and Berlin's need to secure fuel supplies.
Britain's Financial Reporting Council said on Monday it had opened an investigation into Ernst & Young's audit of Shell's 2024 financial statements.
Shell is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026 with its partners QatarEnergy and Namibia's national oil company Namcor.
SHEL is nearing a $3 billion acquisition of LLOG Exploration, a move that could significantly accelerate its long-term upstream growth.
Shell wants to dissolve a joint venture with Russia's Rosneft , through which the London-listed group holds part of its stake in the Caspian Pipeline Consortium, a source with direct knowledge of the matter said on Wednesday.
Shell plc delivers double-digit FCF yields, combining a nearly 4% dividend and 6% annualized buybacks, even amid a weak pricing environment and $20B+ annual capex. SHEL's portfolio strength is anchored in integrated oil and gas; renewables remain immaterial, posing a long-term risk as energy markets evolve. Significant new high-margin international projects and LNG capacity coming online through 2027 support sustained double-digit FCF/share growth in SHEL stock.
In the most recent trading session, Shell (SHEL) closed at $73.01, indicating a -2% shift from the previous trading day.
SHEL and PBR strengthen their position in Brazil's prolific Santos Basin by increasing equity in the Atapu and Mero fields, enhancing long-term output.