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Shell plc

$SHEL
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335 stories mentioning Shell plcUpdated 1d ago

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.

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Asia Markets

US Equity Futures Edge Lower Pre-Bell as Nvidia Stock Flat Despite Earnings Beat, Middle East Peace Talks Drag

US equity futures were edging lower pre-bell Thursday despite upbeat fiscal Q1 financial results posted by Nvidia (NVDA) and amid continued lack of solid progress in the Middle East peace talks.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.5% lower.In addition to surpassing analysts' expectations for fiscal Q1 adjusted earnings and revenue, Nvidia raised its quarterly dividend and announced an additional $80 billion share repurchase authorization. However, the company's stock was largely flat in premarket activity.President Donald Trump said the US was ready to resume attacks on Iran if its leadership did not agree to a peace deal, but that it could wait a few days. Iran's Supreme Leader has ordered the country's highly enriched uranium to not be sent abroad, which is one of the main US demands, according to a Reuters report citing two senior Iranian sources.Traders kept an eye on the latest round of earnings, with Walmart (WMT) posting higher fiscal Q1 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.7% at $106.80 per barrel and US West Texas Intermediate crude 2.4% higher at $100.62 per barrel.US initial jobless claims fell to a level of 209,000 in the employment survey week ended May 16 from an upwardly revised 212,000 level in the previous week, compared with expectations for a smaller decrease to 210,000 in survey of analysts compiled by Bloomberg as of 7:30 am ET.April housing starts fell by 2.8% from the previous month to a 1.465 million annual rate, compared with expectations compiled by Bloomberg as of 7:30 am ET for a 1.410 million rate after an increase to a 1.507 million pace in March.The Philadelphia Federal Reserve's monthly manufacturing index fell to minus 0.4 in May after rising to 26.7 in April, compared with expectations for a smaller decrease to a reading of 17.8 in a survey compiled by Bloomberg.The May S&P Global Composite Purchasing Managers' Index, due at 9:45 am ET, is seen coming in at 53.8.Richmond Federal Reserve President Thomas Barkin is scheduled to speak on Thursday.In other world markets, Japan's Nikkei closed 3.1% higher, Hong Kong's Hang Seng ended 1% lower, and China's Shanghai Composite finished 2% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.5% lower in Europe's early afternoon session.In equities, Shell (SHEL) stock was up 1.2% and BP (BP) shares rose 1% after the companies, along with Indonesia's PT Perusahaan Gas Negara, and PT PLN Energi Primer Indonesia, signed agreements with Japan's Inpex for liquified natural gas offtake from the Abadi LNG Project at the Masela Block in offshore Indonesia. Shares of IBM (IBM), GlobalFoundries (GFS), and D-Wave Quantum (QBTS) were up after the companies said they are included among the major quantum companies set to receive billions in proposed US government backing. IBM stock was up 5.8%, GlobalFoundries shares rose 13%, and D-Wave Quantum stock was 15% higher.On the losing side, Intuit (INTU) stock was 16% lower after RBC and Northcoast Research cut their price targets for the stock. Palantir Technologies (PLTR) shares were down 1.2% following an Axios report about the company challenging Pentagon's Defense Intelligence Agency over its ability to bid for a contract to modernize the agency's data analytics system.

Dow JonesNasdaq CompositeS&P 500$BP$GFS$IBM$INTU$NVDA$PLTR$QBTS$SHEL$WMT
Equities

Shell, BP Sign LNG Supply Deals in Indonesia With Inpex

Shell (SHEL), BP (BP), PT Perusahaan Gas Negara, and PT PLN Energi Primer Indonesia signed agreements with Japan's Inpex for liquified natural gas offtake from the Abadi LNG Project at the Masela Block in offshore Indonesia, Inpex said Wednesday.Inpex also reached a deal in principle with PT Pupuk Indonesia regarding pipeline natural gas supply from the Abadi LNG Project, the company said.

$BP$SHEL
Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index falling 1.9% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2.4%.The Philadelphia Oil Service Sector Index shed 0.1%, while the Dow Jones US Utilities Index added 0.5%.Front-month West Texas Intermediate crude oil declined 0.8% to $107.77 a barrel, and the global benchmark Brent crude contract dropped 5.7% to $104.91 a barrel. Henry Hub natural gas futures fell 2.4% to $3.04 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, declined by 17.8 million barrels in the week ended May 15 following a decrease of 12.9 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks decreased by 7.9 million barrels after a 4.3-million-barrel decline in the previous week, a larger decline than the 2.5-million-barrel decrease expected in a Bloomberg survey.In corporate news, American Water Works (AWK) shares fell 1.4% after Argus cut the company's price target to $140 from $160, while keeping its buy rating.BP (BP) said Wednesday the United Steelworkers, or USW, Local 7-1 has agreed to the company's request to resume negotiations on Friday over Whiting Refinery. BP shares were down 2%.Shell (SHEL) unit BG International has sold participating interests in three exploration blocks offshore Uruguay to QatarEnergy. Shell shares were shedding 2%.Ecopetrol (EC) said Wednesday it has bought a 49% stake in two of the six projects comprising the Jemeiwaa Ka'I wind cluster in La Guajira, Colombia, for $25.5 million. Ecopetrol shares fell 2.1%.

$AWK$BP$EC$SHEL
Sectors

Sector Update: Energy Stocks Fall Wednesday Afternoon

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index falling 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2.1%.The Philadelphia Oil Service Sector Index was 0.3% lower, while the Dow Jones US Utilities Index added 0.6%.In sector news, Iran negotiations are in the final stages, Reuters cited US President Donald Trump as saying on Wednesday. But Trump warned of further attacks unless Tehran agrees to a deal. "We're in the final stages of Iran. We'll see what happens," Trump was cited as telling reporters. "Either have a deal, or we're going to do some things that are a little bit nasty, but hopefully that won't happen."Front-month West Texas Intermediate crude oil was declining 0.8% to $107.77 a barrel, and the global benchmark Brent crude contract was dropping 5.9% to $104.67 a barrel. Henry Hub natural gas futures fell 3.1% to $3.02 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, declined by 17.8 million barrels in the week ended May 15 following a decrease of 12.9 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks decreased by 7.9 million barrels after a 4.3-million-barrel decline in the previous week, a larger decline than the 2.5-million-barrel decrease expected in a Bloomberg survey.In corporate news, BP (BP) said Wednesday the United Steelworkers, or USW, Local 7-1 has agreed to the company's request to resume negotiations on Friday over Whiting Refinery. BP shares were down 1.8%.Shell (SHEL) unit BG International has sold participating interests in three exploration blocks offshore Uruguay to QatarEnergy. Shell shares were shedding 1.9%.Ecopetrol (EC) said Wednesday it has bought a 49% stake in two of the six projects comprising the Jemeiwaa Ka'I wind cluster in La Guajira, Colombia, for $25.5 million. Shares fell 2%.

$BP$EC$SHEL
Asia Markets

European Equities Traded in US as ADRs Rise in Wednesday Trading

European equities traded in the US as American depositary receipts rose Wednesday with the S&P Europe Select ADR Index gaining 1.9% to 1,858.59.From continental Europe, the gainers were led by lender Banco Bilbao Vizcaya Argentaria (BBVA) and biopharmaceutical company Grifols (GRFS), which rose 3.5% and 3.3%, respectively. They were followed by pharmaceutical company Sanofi (SNY) and medical device maker EDAP TMS (EDAP), which were up 2.4% and 0.6%, respectively.The decliners from continental Europe were led by petroleum refiner Equinor (EQNR) and telecommunications company Nokia (NOK), which fell 3% and 1.4%, respectively. They were followed by internet advertising firm Criteo (CRTO) and software company SAP (SAP), which were down 1% and 0.9%, respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which climbed 7.1% and 4%, respectively. They were followed by lenders Barclays (BCS) and Lloyds Banking Group (LYG), which each rose 3.4%.The decliners from the UK and Ireland were led by oil and gas companies BP (BP) and Shell (SHEL), which lost 1.3% and 1%, respectively. They were followed by biotech firm Trinity Biotech (TRIB) and tobacco company British American Tobacco (BTI), down 0.9% and 0.5%, respectively.

$BBVA$BCS$BDRX$BP$BTI$CRTO$EDAP$EQNR$GRFS$LYG$NOK$SAP$SHEL$SLN$SNY$TRIB
Oil & Energy

QatarEnergy Acquires Stake in 3 Exploration Blocks Offshore Uruguay

QatarEnergy has acquired participating interests in three offshore exploration blocks in Uruguay, from Shell (SHEL) subsidiary BG International, marking its first foray into the country's upstream sector, it said Wednesday.The company did not disclose the acquisition cost.QatarEnergy now holds a 30% interest in block OFF-2. Shell, which owns a 70% interest, operates the block.In block OFF-4, operated and 50% owned by APA, QatarEnergy now holds an 18% interest. Shell holds the remaining 32% stake, the statement said.The Middle East company also acquired a 30% interest in block OFF-7, where Shell holds a 40% stake and Chevron (CVX) 30%.The three blocks span 11,155 to 18,227 square kilometers, according to the report.Price: $87.56, Change: $-0.90, Percent Change: -1.02%

$CVX$SHEL
Sectors

Sector Update: Energy Stocks Lean Lower Premarket Wednesday

Energy stocks were leaning lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.7%.The United States Oil Fund (USO) was down 2.8% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 0.8% lower at $107.77 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.3% to $108.68 per barrel, and natural gas futures were down 2.1% at $3.05 per 1 million British Thermal Units.Golar LNG (GLNG) stock was up more than 3% after the company posted higher Q1 net income and operating revenue.Dorian LPG (LPG) shares were up more than 4% after the company reported higher fiscal Q4 adjusted earnings and revenue.Shell (SHEL) unit BG International has sold participating interests in three exploration blocks offshore Uruguay to QatarEnergy. Shell shares were 0.4% lower pre-bell.

$GLNG$LPG$SHEL$UNG$USO$XLE
Equities

Shell Sells Stakes in Uruguay Offshore Blocks to QatarEnergy

Shell (SHEL) unit BG International has sold participating interests in three exploration blocks offshore Uruguay to QatarEnergy, which made the announcement Wednesday.QatarEnergy bought an 18% interest in block OFF-4, with Shell holding 32% and operator APA (APA) accounting for the rest.QatarEnergy has also acquired a 30% stake in block OFF-2, which is operated by Shell with a 70% interest.QatarEnergy purchased a 30% stake in block OFF-7, with operator Shell retaining a 40% share. Chevron (CVX) holds the remaining 30%, QatarEnergy said.

$APA$CVX$SHEL
Research

HSBC Upgrades Shell to Buy From Hold, Lifts Price Target to $100.10 From $89.50

Shell (SHEL) has an average rating of overweight and mean price target of $101.90, according to analysts polled by FactSet.

$SHEL
Commodities

Market Chatter: Trump Administration Moves to Fast-Track Arctic Oil Permits in Alaska Reserve

The Trump administration plans to streamline permitting for oil projects in the National Petroleum Reserve-Alaska, seeking to accelerate crude production in the US Arctic amid heightened concern over global energy supplies, Bloomberg reported on Friday.The 23-million-acre reserve, about 500 miles north of Anchorage, was originally designated for naval oil supplies and is estimated by the US government to contain 8.8 billion barrels of recoverable oil.The Interior Department is expected to create a new framework for approving oil production facilities and related infrastructure in the reserve. Officials said qualifying projects could undergo environmental review and receive permits in as little as 30 days.The proposed initiative centers on an Interior Department effort to conduct a broad environmental review of a typical reserve development, examining the impacts of wells, gravel roads, processing units and other common infrastructure.That review would lay the groundwork for a future rule establishing criteria for oil and gas projects eligible for expedited permitting based on the broader environmental analysis.The Interior Department's Bureau of Land Management is to launch the effort with an environmental impact statement and a 45-day public comment period on the study's scope.The Interior Department did not immediately respond to a request for comment from.The proposal could reportedly benefit companies including ConocoPhillips (COP), Santos and Repsol, all of which hold leases in the reserve, as well as ExxonMobil (XOM), Shell (SHEL), Armstrong Oil & Gas and other oil companies that bid about $164 million on leases in the reserve during a record-setting government auction in March."We know we can speed up permitting a common sense way," Burgum reportedly told Bloomberg in an interview.Burgum was reportedly set to announce the plan on Friday near the Willow project during a visit to oil and mining sites in Alaska.Bloomberg said environmental groups warned the proposal could weaken scrutiny of long-term energy projects and their impacts on wildlife, ecosystems and Indigenous communities.(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.)

$COP$SHEL$XOM
Commodities

ABL Unit to Support Mero 3, Mero 4 Projects Offshore Brazil as Marine Warranty Surveyor

Consultancy firm ABL Group's Brazilian unit will support offshore engineering and construction company Subsea7 in the transportation and installation of subsea risers and flowlines infrastructure for the Mero 3 and 4 developments in the Santos Basin offshore Brazil, it said on Thursday.The Mero 3 and Mero 4 projects involve the installation of subsea pipelines and subsea risers and flowlines infrastructure at the two deepwater oilfields at water depths between 1,850 and 2,100 meters, the company said in a statement.The work will also cover floating production, storage and offloading vessels Marechal Duque de Caxias and Alexandre de Gusmao.In its role as a Marine Warranty Surveyor, ABL Energy & Marine Consultants Brasil's scope of work will include reviews, engineering approvals, fleet suitability surveys and operational approvals, the statement said.It will also be responsible for the delivery of the same scope for the offshore transportation and installation work currently underway.Operations at the combined Mero field is conducted by a consortium including Petrobras (PBR), which holds a 38.6% stake in the field, Shell (SHEL) unit Shell Brasil with a 19.3% interest, TotalEnergies (TTE) with a 19.3% interest, CNPC 9.65%, CNOOC 9.65%, and Pre-Sal Petroleo 3.5%.Pre-Sal Petroleo will act as contract manager and the Brazilian government's representative in the non-contracted areas, the statement said.

$PBR$SHEL$TTE
Commodities

Market Chatter: Australia Holds Off on Gas Export Curbs Following Supply Assurances From Exporters

Australia will not be imposing curbs on natural gas exports during the winter, the country's Resources Minister Madeleine King said, after exporters reassured the government of sufficient supplies for its east coast markets, Reuters reported Thursday."(The government) has now received assurances from exporters that there will be more than enough gas to meet the demand of Australians," King said in a statement to Reuters.She, however, warned that further action could be taken going forward, based on changes to the supply outlook over the course of the upcoming winter.In April, the Australian government said that it was considering the Australian Domestic Gas Security Mechanism during Q3 of this year, which allows it to restrict exports by the three LNG plants on its east coast, operated by Shell (SHEL), Origin Energy and Santos.Australia's Resources Ministry did not immediately respond to' request for a comment on this matter.(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
Sectors

Sector Update: Energy Stocks Rise Tuesday Afternoon

Energy stocks gained Tuesday afternoon with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.1%.The Philadelphia Oil Service Sector Index climbed 1.4%, and the Dow Jones US Utilities Index edged up 0.1%.Oil prices rose as a faltering ceasefire between the US and Iran kept the Strait of Hormuz closed. Front-month West Texas Intermediate gained 3.6% to $101.57 a barrel, and global benchmark Brent advanced 3.1% to $107.43 a barrel.Henry Hub natural gas futures fell 3.1% to $2.819 per 1 million BTU.In corporate news, Targa Resources (TRGP) is positioned for growth into 2026 and beyond, supported by strong Permian volume growth and potential upside from commodity price tailwinds, RBC Capital Markets said. Targa shares gained 1.3%.Eni (E) asked Morgan Stanley (MS) to help it raise funds from investors, including Apollo (APO), KKR (KKR), and Stonepeak, in a potential deal backed by its floating liquefied natural gas assets, Reuters reported. Eni shares rose 0.6%.Shell (SHEL) plans to divest its gasoline station network in France, according to a Google translation of a report from French newspaper Les Echos. Shell shares eased 0.1%.

$E$SHEL$TRGP
Sectors

Sector Update: Energy Stocks Rise Premarket Tuesday

Energy stocks were rising premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 1.1%.The United States Oil Fund (USO) was up 3% and The United States Natural Gas Fund (UNG) was 2% lower.Front-month US West Texas Intermediate crude oil was 3.2% higher at $101.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.2% to $107.49 per barrel, and natural gas futures were down 1.7% at $2.86 per 1 million British Thermal Units.Venture Global (VG) shares were up more than 7% after the company reported higher Q1 earnings and revenue.Petrobras (PBR) stock was down more than 1% even after the company posted higher Q1 net income and sales revenue.Shell (SHEL) plans to divest its gas station network in France, according to a Google translation of a Monday report from French newspaper Les Echos. Shell shares were up 0.2% premarket.

$PBR$SHEL$UNG$USO$VG$XLE
Commodities

Market Chatter: Shell to Divest French Motorway Filling Station Network

Shell (SHEL) is planning to sell its network of 60 motorway petrol stations in France, French newspaper Les Echos reported on Tuesday.The energy major has reportedly shared internal documents with employees and suppliers outlining plans to sell roughly 60 highway sites currently operated under multi-year contracts with motorway concessionaires such as Vinci, Cofiroute, and ASF, the report said.While Shell does not directly own the stations, it manages the branding, fuel supply, and maintenance services for the network, which generated a robust operating profit of 108.5 million Euro ($127.5 million) in 2025.According to the report, Shell has informed worker representatives that it intends to identify a buyer by the third quarter of 2026, with a goal to finalize the transaction in early 2027.The company declined to 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.)

$SHEL
Equities

Update: Market Chatter: Shell Plans Sale of French Gas Station Network

(Updates with Shell response in the third paragraph.)Shell (SHEL) plans to divest its gas station network in France, according to a Google translation of a Monday report from French newspaper Les Echos.The oil major has informed employees and suppliers of the planned sale, with a buyer expected to be identified in Q3 and the deal potentially closing in early 2027, Reuters said, citing Les Echos.Shell declined to comment when reached by.(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
Equities

Market Chatter: Shell Plans Sale of French Gas Station Network

Shell (SHEL) plans to divest its gas station network in France, according to a Google translation of a Monday report from French newspaper Les Echos.The oil major has informed employees and suppliers of the planned sale, with a buyer expected to be identified in Q3 and the deal potentially closing in early 2027, Reuters said, citing Les Echos.Shell didn't immediately respond to a request 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
Asia Markets

US Equity Indexes Advance This Week as AI-Trade Boosts Technology While Iran Ceasefire Continues

US equity indexes rose this week as quarterly earnings showed the benign effect of artificial intelligence on corporate results, sending the S&P 500 and the Nasdaq Composite to new highs amid a fragile ceasefire.* The S&P 500 closed at 7,398.93 on Friday versus 7,230.12 a week ago. The Nasdaq Composite stood at about 26,247.07, compared with 25,114.44 a week earlier. The Dow Jones Industrial Average ended at 49,609.16, versus 49,499.27 at the end of last week.* Technology, consumer cyclicals, and communication services were among the top five sectors. Energy led the decliners.* In a category of stocks with a market capitalization of more than $200 billion, firms with the heaviest of weights and sway in indexes, all but one were semiconductor companies with a weekly gain of at least 11%, according to data compiled by Finviz. The lone exception was Oracle (ORCL), up 14%.* "It's crystal clear to us that the AI Revolution is accelerating at a warp speed pace with 2026 being an inflection point year for AI with hyperscalers now investing over $700 billion in capex in FY26 to capitalize on the opportunities in the space," Daniel Ives, global head of technology at Wedbush Securities, said in a note Thursday.* In the same category of mega-caps, the five worst performers included Shell (SHEL), Exxon (XOM), and Chevron (CVX), down at least 5% each.* The US expects a response on Friday from Iran on a proposal to end the war, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.* According to President Donald Trump, the Iran ceasefire remains in effect, after US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade. Iran has created a government agency to vet and tax vessels seeking passage through the Strait of Hormuz, an Associated Press report cited a shipping data company Thursday.

Dow JonesNasdaq CompositeS&P 500$CVX$ORCL$SHEL$XOM
Sectors

Sector Update: Energy Stocks Lower in Late Afternoon Trading

Energy stocks were lower late Friday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each decreasing about 0.4%.The Philadelphia Oil Service Sector Index rose 1%, and the Dow Jones US Utilities Index shed 0.7%.In sector news, crude oil prices rose Friday as tensions flared up again in the Middle East conflict ahead of Iran's expected response to a US proposal to end the war. US forces disabled three empty Iranian oil tankers that violated the American blockade in the Strait of Hormuz in the past three days, US Central Command said Friday. The US and Iran traded fire Thursday in the narrow waterway. US Secretary of State Marco Rubio expects Iran to respond to Washington's peace proposal on Friday, CNBC reported.Front-month West Texas Intermediate crude oil rose 0.6% to $95.41 a barrel, and the global benchmark Brent crude contract was advancing 1% to $101.07 a barrel. Henry Hub natural gas futures fell 0.7% to $2.75 per 1 million BTU.In corporate news, Calumet (CLMT) shares fell 7% after it reported a Q1 loss Friday of $3.64 per diluted share, widening from a loss of $1.87 a year earlier. Analysts surveyed by FactSet expected a loss of $0.33.Devon Energy (DVN) stock rose 0.5% after it launched a new share repurchase authorization of $8 billion and raised its fixed dividend to $0.32 per share, payable June 30 to shareholders of record June 15.Shell (SHEL) CEO Wael Sawan said the global oil market faces a shortage of nearly 1 billion barrels of crude due to the ongoing Iran conflict, warning that the supply deficit is "deepening every single day." Shell shares were down 0.4%.Presidio Production (FTW) signed definitive purchase and sale agreements to acquire the Canyon Creek assets for about $83 million in its first acquisition as a public company, the company said Friday. Presidio shares rose 4.2%.

$CLMT$DVN$FTW$SHEL
Sectors

Sector Update: Energy Stocks Lower in Afternoon Trading

Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index decreasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally lower.The Philadelphia Oil Service Sector Index was climbing 1.6%, and the Dow Jones US Utilities Index shed 0.5%.In sector news, US forces disabled two Iranian-flagged unladen oil tankers on Friday attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade, US Central Command said on X.Front-month West Texas Intermediate crude oil was rising 0.8% to $95.58 a barrel, and the global benchmark Brent crude contract was advancing 1.1% to $101.12 a barrel. Henry Hub natural gas futures shed 0.5% to $2.75 per 1 million BTU.In corporate news, Calumet (CLMT) shares fell 3.4% after it reported a Q1 loss Friday of $3.64 per diluted share, widening from a loss of $1.87 a year earlier. Analysts surveyed by FactSet expected a loss of $0.33.Devon Energy (DVN) stock rose 0.9% after it launched a new share repurchase authorization of $8 billion and raised its fixed dividend to $0.320 per share, payable June 30 to shareholders of record as of June 15.Shell (SHEL) CEO Wael Sawan said the global oil market faces a shortage of nearly 1 billion barrels of crude due to the ongoing Iran conflict, warning that the supply deficit is "deepening every single day." Speaking during Shell's Q1 earnings call on Thursday, Sawan said the market has lost significant volumes either through "locked-in barrels or unproduced barrels," adding that the recovery process would take time. Shell shares were down 0.3%.

$CLMT$DVN$SHEL

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