Shell to halt Spain gas trading, relocate staff, Cinco Dias reports
Shell plans to close its Madrid gas trading operations for tax reasons, Spanish newspaper Cinco Dias reported on Wednesday, citing unnamed sources close to the matter.
Shell-CNOOC joint venture to expand south China petrochemical complex
A joint venture of Shell and CNOOC plans to expand its petrochemical facility in south China's Guangdong province in a project targeted for completion in 2028, it said on Wednesday.
'Drill, baby, drill' should allow US to 'keep a lid' on oil prices
Oil (CL=F, BZ=F) prices are decreasing, with Exxon Mobil (XOM) and Shell (SHEL) shares ticking down as they respectively cite narrowing refining margins and slowing natural gas (NG=F) sales. On Market Domination, Tortoise senior portfolio manager and managing director Rob Thummel discusses the valuation of top energy companies while addressing the mantra behind Republican leaders and President-elect Donald Trump's stance on US oil, better known as "Drill, baby, drill.
BP, Shell tick up as oil prices surge on Russian sanction fears
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) shares ticked up on Friday in line with a surge in oil prices on fears around new US sanctions against Russia.
Shell: Undeniably The Best Value Of The Super Majors
Shell beats out XOM, CXV, and TTE in free cash flow per share growth over a three-year period by a mile. This is made possible by the company's steadfast commitment to buying back shares. Due to the company's extremely low valuation, this is likely the best possible use of cash for shareholders.
Shell Hits Snag Offshore Namibia, Records $400M Financial Write-Down
SHEL deems the oil discovery located in Namibia's offshore block PEL 39 commercially infeasible for development.
Shell begins production at Whale in US Gulf of Mexico
Oil and gas major Shell said on Thursday it had started production at the offshore floating facility Whale located in the Gulf of Mexico.
Shell upgraded to 'buy' with cash flow too compelling to ignore
Shell PLC's (LSE:SHEL, NYSE:SHEL) free cash flow has become too compelling to ignore, according to UBS, which upgraded the energy giant to a 'buy' rating with a revised price target of 3,000p, up from 2,800p. Despite a 10% decline in Shell's share price since July, UBS believes the company's strong financial position and restructuring efforts make it an attractive opportunity in the energy sector.
Shell writes down Namibia oil discovery
Shell will write down around $400 million in its fourth quarter results relating mainly to an oil and gas discovery offshore Namibia, the company said on Wednesday.
Shell Faces Heavy Investor Scrutiny Over LNG Expansion Plans
SHEL faces investor backlash over concerns surrounding its LNG sales increase plan conflicting with its climate commitments.
Shell's mixed update pushes LNG to top of the agenda
Is Shell PLC (LSE:SHEL, NYSE:SHEL)giving itself a potential headache from its determined push into liquified natural gas (LNG) Shell has said it wants to expand its LNG business by 20-30% by 2030, with it expected by then to account for nearly a third of the company's upstream output. Some shareholders have already started to question the wisdom of the move and the recent weakness flagged today by the oil giant is unlikely to quell the unease.
Shell Stock Falls on Forecast of Q4 Integrated Gas Output Slump
Shell (SHEL) shares are falling 2% in premarket trading Wednesday after the oil giant said it expects to post a large quarter-over-quarter production slump in its integrated gas division as its hedging contracts expire.
