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Shell plc

$SHEL
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144 stories mentioning Shell plcUpdated 1h 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.

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
Sectors

Sector Update: Energy

Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index decreasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.1%.The Philadelphia Oil Service Sector Index was climbing 1.6%, and the Dow Jones US Utilities Index shed 0.4%.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 1.1% to $95.81 a barrel, and the global benchmark Brent crude contract was advancing 1.3% to $101.32 a barrel. Henry Hub natural gas futures shed 0.4% to $2.76 per 1 million BTU.In corporate news, 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%.

$SHEL
Commodities

Australia Orders LNG Exporters to Reserve 20% of Gas for Local Market, IEEFA Says

Australia will force LNG exporters on the country's east coast to reserve 20% of their supply for domestic users from July 2027, to ease shortages and lower prices, strategists at the Institute for Energy Economics and Financial Analysis said in a note on Friday.IEEFA analysts said the reservation policy is expected to create a modest oversupply of gas in eastern Australia and to put downward pressure on prices that have about tripled since LNG exports from Queensland began in 2015.The policy comes as the Australian Energy Market Operator has warned that eastern Australia could face gas shortages by 2029 as output from legacy offshore fields in the Gippsland Basin declines.The country's Federal Resources Minister Madeleine King said the government would legislate the domestic supply obligation while allowing exporters to honor existing long-term export commitments signed before Dec. 22, 2025.Kevin Morrison, energy finance analyst, Australian Oil and Gas, IEEFA, said Australia is one of the world's largest LNG exporters, shipping about 80% of its gas production mainly to Asian buyers, including Japan, China and South Korea.Morrison said concerns over domestic supply have intensified as manufacturers and chemical producers grapple with high energy costs.The reservation policy will apply to LNG producers operating in Queensland, where three major export plants at Gladstone were developed over the past decade.IEEFA said the rapid expansion of LNG exports from eastern Australia's domestic gas market to international prices is contributing to the closure of some gas-dependent industries, including fertilizer plants.Meanwhile, the consultancy said the policy could also reshape dynamics among LNG exporters.Two Queensland LNG ventures, Origin Energy's Australia Pacific LNG and Shell-operated (SHEL) Queensland Curtis LNG, already supply the domestic market. Santos-led Gladstone LNG has relied heavily on buying gas from third-party producers to meet export commitments.Morrison said the practice reduced gas available to local users and contributed to higher prices and supply concerns.The reservation policy mirrors Western Australia's domestic gas policy, introduced in 2006, which broadly requires LNG exporters to reserve 15% of output for local use. However, IEEFA noted compliance has been weak, with only 8% of gas supplied domestically in 2023.IEEFA said the effectiveness of the new policy would depend on the final legislation and consultation process, noting that loopholes could dilute its impact on domestic supply.Price: $84.53, Change: $+0.29, Percent Change: +0.34%

$SHEL
Equities

Shell CEO Says Oil Market Faces Nearly 1 Billion Barrel Shortage Due to Iran War

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 first-quarter 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.He said Shell was already seeing the impact across the refining market, with some demand destruction emerging in sectors such as aviation.Sawan added that the extent of future demand weakness remained uncertain and would depend on how the conflict evolved in coming months.The comments come as disruptions linked to the Iran conflict continue to tighten global crude and fuel markets, particularly around the Strait of Hormuz, a key route for oil and LNG shipments.Shell executive said up to 15% of global crude supplies have been disrupted by the conflict.

$SHEL
Sectors

Sector Update: Energy Stocks Slide Late Afternoon

Energy stocks declined late Thursday afternoon, with the NYSE Energy Sector Index dropping 1.9% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1.8%.The Philadelphia Oil Service Sector Index lost 2.5%, and the Dow Jones US Utilities Index shed 1.5%.In sector news, Iran has created a government agency to vet and tax vessels seeking passage through the Strait of Hormuz, the Associated Press reported, citing Lloyd's List Intelligence. Tehran is reviewing the latest US proposals for ending the war.West Texas Intermediate crude oil rose 1.5% to $96.53 a barrel, and global benchmark Brent gained 0.8% at $102.11 a barrel. Henry Hub natural gas futures rose 1.6% to $2.77 per 1 million BTU.US natural gas stocks rose 63 billion cubic feet in the week ended Friday, smaller than the 72 billion rise expected in a Bloomberg survey and following the gain of 79 billion in the previous week.In corporate news, BKV (BKV) shares fell 2.5% after it reported Q1 adjusted earnings Thursday of $0.22 per diluted share, down from $0.44 a year earlier. An analyst polled by FactSet expected $0.36.Cheniere Energy (LNG) shares dropped nearly 4% after the company reported a Q1 loss of $16.65 per diluted share, swinging from earnings of $1.57 a year earlier.Shell (SHEL) shares fell 3.5% after the company reported lower-than-expected Q1 revenue.Tenaris (TS) shares slumped 5.3% after the company said Q2 sales will be affected by lower shipments in the Middle East. Tenaris also named Gabriel Podskubka CEO.

$BKV$LNG$SHEL$TS
Sectors

Sector Update: Energy Stocks Lower Thursday Afternoon

Energy stocks declined Thursday afternoon with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling 1.7%.The Philadelphia Oil Service Sector Index dropped 1.9%, and the Dow Jones US Utilities Index shed 1.1%.In sector news, Iran has created a government agency to vet and tax vessels seeking passage through the Strait of Hormuz, the Associated Press reported, citing Lloyd's List Intelligence. Tehran is reviewing the latest US proposals for ending the war.West Texas Intermediate crude oil rose 1% to $96 a barrel, and global benchmark Brent gained 0.2% at $101.45 a barrel. Henry Hub natural gas futures rose 2.1% to $2.79 per 1 million BTU.US natural gas stocks rose 63 billion cubic feet in the week ended Friday, smaller than the 72 billion increase expected in a survey compiled by Bloomberg and following the gain of 79 billion in the previous week.In corporate news, Cheniere Energy (LNG) shares fell 5.2% after the company reported a Q1 loss of $16.65 per diluted share, swinging from earnings of $1.57 a year earlier.Shell (SHEL) shares fell 3.1% after the company reported lower-than-expected Q1 revenue.Tenaris (TS) shares dropped 5.3% after the company said Q2 sales will be affected by lower shipments in the Middle East. Tenaris named Gabriel Podskubka CEO.

$LNG$SHEL$TS
Asia Markets

European Equities Traded in the US as American Depositary Receipts Heading Lower in Thursday Trading

European equities traded in the US as American depositary receipts were tracking lower late Thursday morning, losing 0.87% to 1,830.89 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by medical device maker EDAP TMS (EDAP) and accommodations booking company trivago (TRVG), which advanced 12% and 8%, respectively. They were followed by internet advertising firm Criteo (CRTO) and software company SAP (SAP), which increased 3.8% and 3.5%, respectively.The decliners from continental Europe were led by telecommunications company Nokia (NOK) and petroleum refiner Equinor (EQNR), which fell 4.4% and 4.3%, respectively. They were followed by semiconductor company Sequans Communications (SQNS) and pharmaceutical company Ascendis Pharma (ASND), which were down 2.7% and 2.3% respectively.The gainers from the UK were led by biopharmaceutical companies Akari Therapeutics (AKTX) and Biodexa Pharmaceuticals (BDRX), which rose 5.3% and 3.8% respectively. They were followed by communications company WPP (WPP) and hospitality company InterContinental Hotels Group (IHG), which were up 2.7% and 2.3% respectively.The decliners from the UK and Ireland were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Bicycle Therapeutics (BCYC), which lost 4.9% and 3.2% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and oil and gas company Shell (SHEL), which dropped 2.7% and 2.6% respectively.

$AKTX$ASND$AUTL$BCYC$BDRX$CRTO$EDAP$EQNR$IHG$NOK$SAP$SHEL$SLN$SQNS$TRVG$WPP
Sectors

Sector Update: Energy Stocks Decline Pre-Bell Thursday

Energy stocks were lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) retreating by 1.6%.The United States Oil Fund (USO) was down 3.5%, while The United States Natural Gas Fund (UNG) was 0.6% lower.Front-month US West Texas Intermediate crude oil was down 4.1% at $91.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3.7% to $97.56 per barrel, and natural gas futures were 1% lower at $2.70 per 1 million British Thermal Units.Shell (SHEL) shares were down nearly 2% in early activity after the company reported lower-than-expected Q1 revenue.Tenaris (TS) shares were 4% lower in premarket activity after the company said its Q2 sales will be affected by lower shipments in the Middle East. Tenaris also named Gabriel Podskubka its chief executive officer.MGE Energy (MGEE) stock was down 4.4% before the opening bell after the company said late Wednesday it has launched an underwritten public offering of $250 million common shares, including about $75 million of shares to be sold directly by the company and roughly $175 million to be sold through forward sale agreements.

$MGEE$SHEL$TS$UNG$USO$XLE
Asia Markets

Peace Deal Hopes, Strong Earnings Nudge US Equity Futures Higher Pre-Bell

US equity futures were slightly higher pre-bell Thursday as hopes for a finalized peace deal between the US and Iran continue, on top of a strong earnings season to date.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.1% higher.A final peace agreement would end the conflict and reopen the Strait of Hormuz, President Donald Trump said in a Truth Social post on Wednesday. The White House had said it was nearing an agreement with Iran that would end the war and establish a framework for more detailed nuclear negotiations, according to an Axios report.However, Trump said Iran's acceptance of the US proposal would be "perhaps, a big assumption," and warned that bombing would resume "at a much higher level and intensity than it was before" if an agreement was not reached. An Iranian foreign ministry spokesperson told CNBC on Wednesday that Iran was evaluating the proposal.Traders absorbed the most recent round of earnings, with Shell (SHEL) and McDonald's (MCD) posting higher Q1 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.3% at $96.96 per barrel and US West Texas Intermediate crude 4.9% lower at $90.45 per barrel.The weekly jobless claims bulletin, released at 8:30 am ET, showed 200,000 new unemployment claims for the week ended May 2, compared with the upwardly revised figure of 190,000 in the prior week, and it came in below the 205,000 expected, according to estimates compiled by Bloomberg. Q1 nonfarm productivity increased at a 0.8% annual rate, topping forecasts for 0.6%, while unit labor costs increased 2.3%, compared with the 2.5% expected.The February and March construction spending reports are due at 10 am ET.Federal Reserve Minneapolis President Neel Kashkari, Cleveland President Beth Hammack, and New York President John Williams are slated to speak today.In other world markets, Japan's Nikkei closed 5.6% higher, Hong Kong's Hang Seng ended 1.6% higher, and China's Shanghai Composite finished 0.5% higher. Meanwhile, the UK's FTSE 100 was down 0.6%, and Germany's DAX index was 0.1% lower in Europe's early afternoon session.In equities, Tesla (TSLA) stock was up 1.9% after the company's China-made electric vehicle sales rose for the sixth consecutive month on a year-over-year basis, according to a Reuters report. DoorDash (DASH) shares rose 8.7% after the company posted Q1 earnings that topped analysts' consensus. Fortinet (FTNT) stock was up 17% after the company posted a stronger-than-expected jump in Q1 earnings and sales, as well as boosted its full-year 2026 guidance.On the losing side, Shell stock was down 1.8% after the company reported its Q1 financial results. ARM (ARM) shares fell 7% despite the company posting higher fiscal Q4 adjusted earnings and revenue.

Dow JonesNasdaq CompositeS&P 500$ARM$DASH$FTNT$MCD$SHEL$TSLA
Sectors

Sector Update: Energy

Energy stocks were lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) retreating by 1.7%.The United States Oil Fund (USO) was down 4.9%, while the United States Natural Gas Fund (UNG) was 0.8% lower.Front-month US West Texas Intermediate crude oil was down 4.1% to $91.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 3.7% to $97.56 per barrel, and natural gas futures were 1% lower at $2.70 per 1 million British Thermal Units.Shell (SHEL) shares fell 2.3% in early activity after the company reported lower-than-expected Q1 revenue.

$SHEL$UNG$USO$XLE
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid Corporate Earnings, Economic Data Deluge

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Thursday's premarket activity amid a deluge of corporate earnings results and economic data.US stock futures were also higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.1% before the start of regular trading.US layoff intentions rose in April, led by the technology sector due to increased use of AI, outplacement firm Challenger, Gray & Christmas reported Thursday.US initial jobless claims rose to a level of 200,000 in the week ended May 2 from an upwardly revised 190,000 level in the previous week, compared with expectations for a larger increase to 205,000 in survey of analysts compiled by Bloomberg.Nonfarm productivity rose by 0.8% in Q1 after a downwardly revised 1.6% increase in Q4, above expectations for a 0.6% gain in a survey compiled by Bloomberg as of 7:40 am ET, data released by the Bureau of Labor Statistics showed.Construction spending data for February and March will be released at 10 am ET, followed by weekly natural gas stocks at 10:30 am ET.The consumer credit data for March posts at 3 pm ET.Minneapolis Fed President Neel Kashkari and New York Fed President John Williams are slated to speak on Thursday.In premarket activity, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% lower, Ether ETF (EETH) retreated 1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was inactive.MDA Space (MDA) stock was up more than 8% before the opening bell after the company reported higher Q1 adjusted earnings and revenue.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) retreated 0.3%, while the iShares US Healthcare ETF (IYH) slipped 1.5%. The iShares Biotechnology ETF (IBB) was 0.8% higher.Viatris (VTRS) stock was down more than 3% premarket after gaining 2.8% at the prior close. The company reported higher Q1 financial results and reaffirmed its 2026 guidance.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.4% higher.Carlyle (CG) shares were down more than 3% pre-bell after the company reported lower Q1 after-tax distributable earnings and revenue.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.01%, and the iShares US Technology ETF (IYW) was 0.03% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 0.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 0.03%, while the iShares Semiconductor ETF (SOXX) rose by 0.4%.Alphabet (GOOG, GOOGL) shares were up more than 2% in premarket activity after closing the prior session with a 2.8% rise. Bloomberg reported that Google has proposed changes to how it shows news results in its search engine to avoid further EU competition fines.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.03%, while the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.7%. The VanEck Retail ETF (RTH) was 0.6% higher, while the State Street SPDR S&P Retail ETF (XRT) retreated by 0.3%.Tesla (TSLA) shares were up more than 1% pre-bell after Reuters reported the EV maker's China-made electric vehicle sales rose for a sixth consecutive month on a year-over-year basis.EnergyThe iShares US Energy ETF (IYE) was down 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) was 1.1% lower.Shell (SHEL) stock was down more than 1% before the opening bell after the company reported lower-than-expected Q1 revenue.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 3.3% to $91.97 per barrel on the New York Mercantile Exchange. Natural gas was down by 1% at $2.70 per 1 million British Thermal Units. The United States Oil Fund (USO) fell by 3.3%, while the United States Natural Gas Fund (UNG) was 0.3% lower.Gold futures for May gained by 1.2% to reach $4,748.30 an ounce on the Comex. Silver futures advanced by 5.4% to $81.44 an ounce. SPDR Gold Shares (GLD) was 1% higher, and the iShares Silver Trust (SLV) rose by 4.7%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$CG$EEM$EETH$EXI$FAS$FAZ$GLD$GOOG$GOOGL$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MDA$PMR$QQQ$RTH$SHEL$SLV$SOXX$SPY$TSLA$UNG$USO$VDC$VHT$VIS$VRTS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Japan

Peace Agreement Hopes, Strong Earnings Nudge US Equity Futures Higher Pre-Bell

US equity futures were marginally higher pre-bell Thursday as hopes for a finalized peace deal between US and Iran continue, on top of a strong earnings season to date.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.1% higher.A final peace agreement would end the conflict and reopen the Strait of Hormuz, President Donald Trump said in a Truth Social post on Wednesday. The White House had said it is nearing an agreement with Iran that would end the war and establish a framework for more detailed nuclear negotiations, according to an Axios report.However, Trump said Iran's acceptance of the US proposal would be "perhaps, a big assumption," and warned that bombing would resume "at a much higher level and intensity than it was before" if an agreement was not reached. An Iranian foreign ministry spokesperson told CNBC on Wednesday that Iran was evaluating the proposal.Traders absorbed the most recent round of earnings, with Shell (SHEL) and McDonald's (MCD) posting higher Q1 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3% at $98.25 per barrel and US West Texas Intermediate crude 3.2% lower at $92.02 per barrel.The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 205,000 new unemployment claims for the week ended May 2, compared with 189,000 in the prior week, according to estimates compiled by Bloomberg. The Q1 nonfarm productivity report is expected to show an annual gain of 0.6% after a 1.8% increase in the prior quarter. Unit labor costs are projected to rise 2.5%, compared with 4.4% previously.The February and March construction spending reports are due at 10 am ET.Federal Reserve Minneapolis President Neel Kashkari, Cleveland President Beth Hammack, and New York President John Williams are slated to speak on Thursday.

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