SHEL's potential $8B U.S. chemicals exit marks a sharper focus on oil and gas as it cuts costs and reshapes capital allocation.
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Oil major Shell has drawn interest from potential bidders including Exxon and LyondellBasell for its U.S. chemical assets, which could fetch as much as $8 billion, the Financial Times reported on Monday, citing people familiar with the matter.
Shell is both turning around and repositioning the portfolio to offset Middle Eastern disruptions. The ARC Resources acquisition provides low-cost, premium condensate production. SHEL's proactive strategy enables faster adaptation to geopolitical shocks.
SHEL's Unit advances its 30-MW/60-MWh Hermosa battery project with EPC and O&M contracts for construction and long-term operations.
UK energy stocks are leading gains on the FTSE 100 today as crude oil and natural gas prices rebound, boosting sentiment across the sector. BP stock climbed to 534p, up 18.5% from its July low and 63% above its lowest level last year.
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SHEL's surging cash flow, lower debt and discounted valuation support the case, but commodity swings and acquisition risks favor patience.
SHEL tops Q2 earnings estimates as higher oil prices, stronger margins and broad operational gains lift profits across key segments.
Shell PLC (LSE:SHEL, NYSE:SHEL) has struck a deal to sell its European onshore renewables business to France's TotalEnergies. The FTSE 100 oil giant said it was continuing to reshape its power portfolio and recycle capital into businesses where it believes it has a competitive advantage.
Shell NYSE: SHEL reported second-quarter 2026 adjusted earnings of $9.8 billion and more than $21 billion in cash flow from operations, as strong operational execution and LNG trading helped offset lost volumes from Qatar amid Middle East disruptions.
Shell plc (SHEL) Q2 2026 Earnings Call Transcript