SHEL's farm-out of a 50% Tobermory stake to Ithaca strengthens their partnership and advances long-term development across the West of Shetland basin.
SHEL secures major wind and solar PPAs in Germany to power its REFHYNE 2 electrolyzer and advance large-scale green hydrogen production.
Ithaca Energy PLC (LSE:ITH) has struck a deal to acquire 50% of Shell's Tobermory gas discovery, offshore Scotland, and also reported higher production for the nine months to 30 September. The Shell deal covers licences P2629 and P2630 in the West of Shetland basin, where the company is expanding its gas strategy.
Shell told Reuters on Tuesday it has challenged an arbitration outcome it lost against Venture Global, alleging Venture Global withheld information from Shell and the arbitration tribunal.
Renewable energy stocks have outpaced their fossil fuel counterparts over the past 12 months, returning twelve times more than oil, gas and mining companies, despite Donald Trump's "Drill Baby Drill" advocacy of oil and gas and his opposidtion to clean energy. According to new analysis by IG, an equal-weighted basket of leading renewable stocks rose 24% in the year to November, compared with a 2% gain for a comparable set of traditional energy firms.
SHEL's Q3 profit topped forecasts at $1.86 per ADS as cost cuts and strong oil volumes offset weaker prices and softer revenues.
Citi has reiterated its 'neutral' rating on Shell PLC (LSE:SHEL, NYSE:SHEL) with a £26.50 target price, saying the company's robust balance sheet leaves it well placed to keep rewarding shareholders even as questions persist over long-term growth. Third-quarter results came in slightly ahead of expectations, helped by strong realised margins in the core upstream division.
Shell's stock price has risen despite weaker commodity prices since 2022. SHEL is currently rated a 'hold' by the Seeking Alpha Quant System. The company's low price-to-earnings ratio suggests further upside potential.
Angola's national oil and gas agency, ANPG, will sign an exclusive negotiation agreement with oil major Shell to explore and develop Blocks 19, 34, 35 as well as ultra-deep water blocks, it said in a statement late on Thursday.
Shell plc ( SHEL ) Q3 2025 Earnings Call October 30, 2025 10:30 AM EDT Company Participants Sinead Gorman - CFO & Director Wael Sawan - CEO & Director Conference Call Participants Matthew Lofting - JPMorgan Chase & Co, Research Division Lydia Rainforth - Barclays Bank PLC, Research Division Jason Gabelman - TD Cowen, Research Division Martijn Rats - Morgan Stanley, Research Division Kim Fustier - HSBC Global Investment Research Biraj Borkhataria - RBC Capital Markets, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Christopher Kuplent - BofA Securities, Research Division Michele Della Vigna - Goldman Sachs Group, Inc., Research Division Joshua Stone Alastair Syme - Citigroup Inc., Research Division Peter Low - Rothschild & Co Redburn, Research Division Ryan Todd - Piper Sandler & Co., Research Division Mark Wilson - Jefferies LLC, Research Division Presentation Operator Welcome to Shell's Third Quarter 2025 Financial Results Announcement. Shell's CFO, Sinead Gorman, will present the results, then host a Q&A session alongside Shell's CEO, Wael Sawan.
Shell PLC's (LSE:SHEL, NYSE:SHEL) third-quarter update offered few surprises but plenty of reassurance. UBS kept its “buy” rating and a price target of 3,050p, noting that the oil major's numbers were solid across the board, with cash flow and balance sheet trends both pointing the right way.
The headline numbers for Shell (SHEL) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.