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Shell plc

$SHEL
LSEEnergy

229 stories mentioning Shell plcUpdated just now

Shares fell amid a broad energy-sector decline Monday as oil prices dropped on US-Iran peace progress and prospects of the Strait of Hormuz reopening.

Wire

Update: Market Chatter: Chevron, Shell to Sign Deals for Venezuelan Oil, Gas Assets

(Updates with decline to comment from Shell in fourth paragraph.)Chevron (CVX) and Shell (SHEL) are set to sign agreements involving oil and gas areas in Venezuela, Reuters reported Monday, citing three sources close to the discussions.Chevron is expected to agree to return an offshore gas field to the Venezuelan government and take part in an extra-heavy crude project in the country's main oil region, the report said.Shell is expected to sign a deal to receive the Loran gas field for operation, the report said.Shell declined to comment, while Chevron did not immediately respond to a request for comment from.Chevron shares rose 1.1% in Monday trading, and Shell gained 0.4%.(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.)Price: $190.68, Change: $+2.13, Percent Change: +1.13%

$CVX$SHEL
Commodities

Correction: Market Chatter: Chevron, Shell Advance Venezuela Projects With New Oil, Gas Pacts

(Adds the "Market Chatter" moniker as the article is based on a Reuters report.)Chevron (CVX) and Shell (SHEL) are set to sign Venezuela energy deals on Monday, covering offshore gas and heavy crude areas, Reuters reported Monday, citing three sources familiar with the matter.Chevron is expected to finalize agreements to hand back control of an offshore gas asset while gaining participation in an extra-heavy crude zone within Venezuela's key oil-producing region, the sources said.Separately, Shell is poised to take over operations of the Loran offshore gas field under a new pact, the sources added.Chevron and Shell did not immediately respond to' request for comment.(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.)Price: $190.54, Change: $+1.99, Percent Change: +1.06%

$CVX$SHEL
Commodities

Chevron, Shell Advance Venezuela Projects With New Oil, Gas Pacts

Chevron (CVX) and Shell (SHEL) are set to sign Venezuela energy deals on Monday, covering offshore gas and heavy crude areas, Reuters reported Monday, citing three sources familiar with the matter.Chevron is expected to finalize agreements to hand back control of an offshore gas asset while gaining participation in an extra-heavy crude zone within Venezuela's key oil-producing region, the sources said.Separately, Shell is poised to take over operations of the Loran offshore gas field under a new pact, the sources added.Chevron and Shell did not immediately respond to' request for comment.Price: $190.75, Change: $+2.19, Percent Change: +1.16%

$CVX$SHEL
Wire

Market Chatter: Chevron, Shell to Sign Deals for Venezuelan Oil, Gas Assets

Chevron (CVX) and Shell (SHEL) are set to sign agreements involving oil and gas areas in Venezuela, Reuters reported Monday, citing three sources close to the discussions.Chevron is expected to agree to return an offshore gas field to the Venezuelan government and take part in an extra-heavy crude project in the country's main oil region, the report said.Shell is expected to sign a deal to receive the Loran gas field for operation, the report said.The companies didn't immediately respond to requests from comment from.Chevron shares rose 1.2% in Monday trading, and Shell gained 0.4%.(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.)Price: $190.72, Change: $+2.17, Percent Change: +1.15%

$CVX$SHEL
Commodities

TotalEnergies, TPAO Sign MOU to Explore Black Sea

TotalEnergies (TTE) has signed a memorandum of understanding with Turkey Petrolleri Anonim Ortakligi to pursue joint exploration opportunities in the Black Sea, the companies said on Monday.The pact establishes a framework for technical cooperation between the two firms, including a joint assessment of exploration prospects in the Black Sea and potential international projects."We are pleased to launch this cooperation with TPAO, leveraging the technical expertise of both companies to evaluate exploration opportunities in the Black Sea region and internationally on a mutually beneficial basis," said Nicola Mavilla, senior vice-president for exploration at TotalEnergies.TPAO signed an agreement with Shell (SHEL) in February to jointly explore for oil and natural gas in Bulgaria's offshore Black Sea waters.Since the beginning of the year, the Turkish state energy firm has signed energy cooperation agreements with ExxonMobil (XOM), Chevron (CVX) and BP (BP) for possible exploration work in the Black Sea and the Mediterranean.Price: $93.13, Change: $+0.48, Percent Change: +0.52%

$BP$SHEL$TTE$XOM
Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Friday afternoon, with the NYSE Energy Sector Index fractionally higher and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.9%.The Philadelphia Oil Service Sector Index was shedding 0.5%, and the Dow Jones US Utilities Index was down 0.4%.In sector news, oil prices stabilized at under $100 a barrel on Friday ahead of US-Iran talks in Pakistan as markets sought clarity on whether this weekend's huddle in Islamabad could lead to a long-term peace deal. Earlier in the week, the US and Iran agreed to a two-week ceasefire, pausing a war that had spread across the Middle East and curtailed shipments through the crucial Strait of Hormuz. Oil prices on Wednesday posted their sharpest one-day pullback since 2020 after the ceasefire announcement.Front-month West Texas Intermediate crude oil fell 2.3% to $95.58 a barrel, and the global benchmark Brent crude contract shed 1.7% to $94.39 a barrel. Henry Hub natural gas futures fell 1.1% to $2.64 per 1 million BTU.In corporate news, ConocoPhillips (COP) has sent a team to Venezuela to evaluate the prospects of oil drilling in the country, the company said in an emailed statement to. ConocoPhillips shares were down 1.2%.Shell (SHEL) confirmed in an email toon Friday that it is in talks with Venezuela to produce natural gas at the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago. The company expects to produce gas from Manatee in 2027 but has yet to take a final investment decision on the Loran field, according to a spokesperson. Shell shares were up 1.3%.The Port of Antwerp in Belgium, which is home to European refineries operated by Exxon Mobil (XOM) and TotalEnergies (TTE), was blocked following an oil spill during a ship refueling operation, preventing large vessels from entering or leaving the port, the port authority said Friday. Exxon shares shed 0.8%, and TotalEnergies was up 2.9%.EQT (EQT) and Glencore committed to acquiring an extra 1 million metric tons of liquefied natural gas annually from Commonwealth LNG through 20-year agreements, Reuters reported, citing a regulatory document. EQT shares were down 1.4%.

$COP$EQT$SHEL$TTE$XOM
Sectors

Sector Update: Energy Stocks Lower Friday Afternoon

Energy stocks declined Friday afternoon, with the NYSE Energy Sector Index fractionally lower and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index was shedding 0.7%, and the Dow Jones US Utilities Index was down 0.1%.In sector news, President Donald Trump said Friday in a phone interview with the New York Post that US warships are being restocked with ammunition in order to resume strikes should peace talks with Iran falter this weekend.Front-month West Texas Intermediate crude oil was rising 0.6% to $98.39 a barrel, and the global benchmark Brent crude contract was advancing 0.7% to $96.70 a barrel. Henry Hub natural gas futures fell 0.8% to $2.65 per 1 million BTU.In corporate news, Shell (SHEL) confirmed in an email toon Friday that it is in talks with Venezuela to produce natural gas at the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago. The company expects to produce gas from Manatee in 2027 but has yet to take a final investment decision on the Loran field, according to a spokesperson. Shell shares were up 0.8%.The Port of Antwerp in Belgium, which is home to European refineries operated by Exxon Mobil (XOM) and TotalEnergies (TTE), was blocked following an oil spill during a ship refueling operation, preventing large vessels from entering or leaving the port, the port authority said Friday. Exxon shares fell 1.6%, and TotalEnergies was up 1.8%.EQT (EQT) and Glencore committed to acquiring an extra 1 million metric tons of liquefied natural gas annually from Commonwealth LNG through 20-year agreements, Reuters reported, citing a regulatory document. EQT shares were down 1.1%.

$EQT$SHEL$TTE$XOM
Sectors

Sector Update: Energy

Energy stocks were mixed Friday afternoon, with the NYSE Energy Sector Index fractionally higher and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index was shedding 0.7%, and the Dow Jones US Utilities Index was up 0.1%.In sector news, President Donald Trump said Friday in a phone interview with the New York Post that US warships are being restocked with ammunition in order to resume strikes should peace talks with Iran falter this weekend.Front-month West Texas Intermediate crude oil was rising 0.4% to $98.23 a barrel, and the global benchmark Brent crude contract was advancing 1.1% to $96.94 a barrel. Henry Hub natural gas futures fell 0.6% to $2.65 per 1 million BTU.In corporate news, Shell (SHEL) confirmed in an email toon Friday that it is in talks with Venezuela to produce natural gas at the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago. The company expects to produce gas from Manatee in 2027 but has yet to take a final investment decision on the Loran field, according to a spokesperson. Shell shares were up 0.9%.

$SHEL
Equities

Update: Shell Confirms Plan to Produce Gas at Venezuela-Trinidad Offshore Field

(Updates with company confirmation in the headline and throughout the story.)Shell (SHEL) confirmed in an email toon Friday that it is in talks with Venezuela to produce natural gas at the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago.The company expects to produce gas from Manatee in 2027 but has yet to take a final investment decision on the Loran field, according to a spokesperson.Gerald Ramdeen, chairman of Trinidad's National Gas Company, said the state-owned enterprise has increased the capacity of the pipeline that will transport the gas to Trinidad to 1 billion cubic feet per day, according to Reuters.Price: $92.16, Change: $+1.07, Percent Change: +1.17%

$SHEL

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