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29 stories mentioning SHEL.L

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Equities

Shell Posts Higher Q1 Income, Revenue

Shell (SHEL.L, SHELL.AS) said Thursday that its income and revenue for the first quarter increased year over year.Income attributable to shareholders for the three months ended March 31 was $5.69 billion, compared with $4.78 billion a year earlier. EPS moved to $1 from $0.79.The oil and gas giant's revenue was $69.69 billion, compared with $69.23 billion a year ago.Meanwhile, the board declared a first-quarter dividend of $0.3906 per share. It previously paid a dividend of $0.3580 per share.For the second quarter, Shell expects integrated gas production to be between 580,000 barrels of oil equivalent per day and 640,000 boe/d. LNG liquefaction volumes are expected to be in the range of 6.8 million tonnes to 7.4 million tonnes. Upstream production is expected to be 1.6 million boe/d to 1.8 million boe/d. Marketing sales volumes are expected to be 2.5 million b/d to 2.7 million b/d.

$SHEL.L$SHELL.AS
Equities

Market Chatter: Shell, Ineos to Collaborate on Oil, Gas Projects in Gulf of Mexico

Shell (SHEL.L, SHELL.AS) unit Shell Offshore and Ineos Energy will jointly explore oil and gas opportunities in areas located within tieback distance to the Appomattox platform in the Gulf of Mexico, Reuters reported Tuesday.According to an Ineos statement cited by the news agency, the partnership will initially focus on three targets, including the British oil and gas giant's Fort Sumter discovery, Sisco exploration well, and another exploration well to be drilled ⁠by the end of 2030, with Ineos acquiring a 21% working interest in the assets. Financial details were not disclosed.Shell and Ineos did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$SHEL.L$SHELL.AS
Equities

Shell to Buy Canada's ARC Resources in $16.4 Billion Deal

Shell (SHEL.L, SHELL.AS) agreed to acquire Canada-based energy company ARC Resources for an enterprise value of $16.4 billion, inclusive of $2.8 billion in net debt and leases.Under the definitive agreement, ARC Resources shareholders will receive CA$8.20 in cash and 0.40247 ordinary shares in the British energy giant for each share held, translating to a consideration of CA$32.80 per share or a total equity value of $13.6 billion, according to a Monday release.Deal closing is expected in the second half, subject to approvals from ARC Resources shareholders and court and regulatory clearances.

$SHEL.L$SHELL.AS
Equities

Shell Says Dutch Climate Activist Group's New Emissions Case 'Unrealistic, Unreasonable'

Shell (SHEL.L, SHELL.AS) on Tuesday called a Dutch climate activist group's new emissions case against the company as "unrealistic, unreasonable and fundamentally misplaced."While the British oil and gas giant agrees with Milieudefensie that energy transition is important, it said its continued investment in oil and gas projects will support energy supply security in the coming years as renewables take a bigger market share amid the "natural decline" of oil and gas fields.In its response to the lawsuit, Shell also highlighted the coordinated action needed in the global energy system and how the claim repeats "numerous arguments" in a lawsuit that was fully dismissed in 2024.Milieudefensie is demanding Shell to stop bringing new oil and gas fields into production under its new legal case in the Netherlands, describing the investments as "climate-disrupting activities," Reuters reported Tuesday, citing the summons filed against the company.

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Asia Markets

UK FTSE 100 Closes in the Green Amid Growing Middle East Conflict Resolution Optimism

London's FTSE 100 closed the trading week 0.73% higher on Friday amid renewed optimism over the resolution of the Middle East conflict as a 10-day ceasefire agreement between Israel and Lebanon takes effect."The fragile ceasefire between Israel and Lebanon removes one key obstacle for the US-Iran talks. However, a number of issues remain, not least Iran's nuclear program and the control of the Strait of Hormuz," Danske Bank said in a note. "We expect the ceasefire to be extended over the weekend, but as European and Gulf officials warned yesterday, we think a more permanent deal will take months."With the agreement in place, Iranian Foreign Minister Abbas Araghchi said in a social media post on X that the Strait of Hormuz is "declared completely open" for all commercial vessels "for the remaining period of ceasefire."The UK economic calendar was quiet for the day. Looking ahead, next week will see the release of several private sector and economy-related data, including the March British inflation figures.On the corporate side, Fitch affirmed Kingfisher plc's (KGF.L) BBB long-term issuer default rating, with a stable outlook, mainly reflecting its leading position in the home improvement retail market and expectations that the company's credit metrics will remain in line with its rating. The stock was up 2.39% at closing.Meanwhile, oil and gas giants BP (BP.L) and Shell (SHEL.L) were among the blue-chip index's top fallers, logging respective declines of 7.36% and 5.57% at the end of the trading session.

FTSE 100$BP.L$KGF.L$SHEL.L
Equities

Market Chatter: Kazakhstan Court Said to Uphold Environmental Fine on Oil Majors Over Kashagan Field

A court in Kazakhstan upheld a 2.36 trillion-Kazakhstani-tenge environmental fine imposed on the operator of Kazakhstan's Kashagan oilfield for storing excessive amounts of sulfur at the site in an April 8 ruling, Bloomberg News reported Friday.North Caspian Operating Co, the field's operator, is jointly owned by Kazakhstan's KazMunayGas, Eni (ENI.MI), Shell (SHEL.L, SHELL.AS), ExxonMobil (XONA.F), TotalEnergies (TTE.PA, TTE.L, TTE.BR), China National Petroleum Corp., or CNPC, and Inpex.People familiar with the matter said the venture can still pursue a cassation appeal even if the decision has entered into legal force, the report noted.KazMunayGas, Eni, Shell, ExxonMobil, TotalEnergies, CNPC, and Inpex did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$ENI.MI$SHEL.L$SHELL.AS$TTE.BR$TTE.L$TTE.PA$XONA.F
Research

BNP Paribas Downgrades Shell to Neutral, Lifts PT

BNP Paribas on Friday downgraded oil and gas company Shell (SHEL.L, SHELL.AS) to neutral from outperform and increased its price target to 37.75 pounds sterling from 34.51 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$SHEL.L
Equities

Market Chatter: Shell Said to Pick Adnoc as Preferred Bidder for South African Retail Fuel Stations

Shell (SHEL.L, SHELL.AS) is tipped to have named Abu Dhabi National Oil Co., or Adnoc, as the preferred bidder for its South African retail fuel stations in a deal potentially worth $1 billion, Bloomberg News wrote.People with knowledge of the matter said, according to the Tuesday report, that the deal, which is expected to be reached as early as this quarter, follows failed talks between energy giant Shell and commodities trading group Gunvor Group.Shell and Adnoc did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Equities

Shell Confirms Talks for Potential Production at Venezuela's Loran Field

Shell (SHEL.L, SHELL.AS) confirmed that it is in discussions with Venezuela for the potential development of the Loran gas field, according to a company statement sent toon Friday.The British oil and gas giant said Loran's proximity to its Manatee field in Trinidad and Tobago, where it expects to produce gas by 2027, makes the Venezuelan asset an attractive investment opportunity. Shell, however, noted that it has not taken any final investment decision on Loran.Reuters on Thursday cited the chairman of Trinidad's National Gas Co., Gerald Ramdeen, as saying that Shell is planning to initiate natural gas production at the joint Loran-Manatee offshore field in 2027, and has increased the pipeline capacity for gas transport to Trinidad to 1 billion cubic feet per day from the previously planned 700 million cubic feet.

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