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Shell plc

$SHEL
LSEEnergy

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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Sectors

Sector Update: Energy

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling about 1.3%.The Philadelphia Oil Service Sector Index dropped 2.6%, and the Dow Jones US Utilities Index was up 0.9%.Front-month West Texas Intermediate crude oil fell 2% to $85.31 a barrel, and the global benchmark Brent crude contract declined 1.8% to $92.68 a barrel. Henry Hub natural gas futures increased 0.1% to $2.78 per 1 million BTU.In corporate news, Shell (SHEL) has drawn interest from potential bidders including ExxonMobil (XOM), LyondellBasell (LYB) and Apollo Global Management (APO) for its US chemicals assets, which could fetch up to $8 billion, the Financial Times reported. Shell shares were down 0.5%, and Exxon fell 1.5%.

$SHEL$XOM
Wire

Top Midday Stories: Treasury Reportedly Could Use General Account to Fund Buybacks; Trump Raises Tariffs on Canadian Cars and Steel to 50% on Jan. 1

Stocks were mixed in late-morning trading Monday, with the Dow Jones Industrial Average up and the S&P 500 Index and Nasdaq Composite down, as Treasury yields fell after CNBC reported that the US Treasury Department may tap its General Account to help fund its buyback operation.The US will raise tariffs on all cars, trucks, automotive parts and steel from Canada to 50%, effective Jan. 1, 2027, President Donald Trump said Monday on Truth Social.In company news, Nvidia (NVDA) customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg reported Saturday, citing people familiar with the matter. The price hikes will impact systems shipped early next year, including those with Vera Rubin and Grace Blackwell chips, the report said, citing the people. Separately, Nvidia is discussing an investment in AI startup Perplexity as part of a funding round that would value the company at more than $30 billion, The Information reported Sunday, citing people familiar with the talks. The round could be worth billions of dollars and would increase Perplexity's valuation by more than 50% from its last financing, the report said. Nvidia shares were down 2.2% around midday.Alibaba (BABA) has officially rolled out its Wan3.0 AI video generation tool, Reuters reported Monday, citing a post on China's WeChat platform. The new model is able to produce 30-second videos from documents, spreadsheets, slides and web pages, the report said. Separately, Alibaba Chief Executive Eddie Wu bought 350,000 shares of the company for about $5 million, according to a regulatory filing with the US Securities and Exchange Commission. Alibaba shares were up 0.7%.PDD (PDD) reported Q2 non-GAAP earnings Monday of 19.33 Chinese renminbi ($2.88) per diluted American depositary share, down from 22.07 renminbi a year earlier but above the FactSet consensus analyst estimate of 18.45 renminbi. Second-quarter revenue was 112.36 billion renminbi, up from 103.99 billion renminbi a year ago but below the FactSet consensus of 115.09 billion renminbi. PDD shares were down 1.9%.Shell (SHEL) has drawn interest from potential bidders including ExxonMobil (XOM), LyondellBasell (LYB) and Apollo Global Management (APO) for its US chemicals assets, which could fetch up to $8 billion, the Financial Times reported Monday, citing people familiar with the matter. Shell shares were down 0.5%, while Exxon, LyondellBasell and Apollo shares were down 1.6%, down 2.2% and up 0.2%, respectively.H.B. Fuller's (FUL) board has rejected Ancora's bid to acquire its building adhesives unit for up to $1.2 billion, the company said Monday. The board concluded Ancora's bid undervalued the unit and failed to take into account its potential to be a significant driver of earnings in the future, the company said. H.B. Fuller shares were down 0.9%.Braskem (BAK) filed for out-of-court restructuring Monday, which involved more than $10 billion in debt, Reuters reported, citing people familiar with the matter. The filing, which comes as the petrochemical company's 60-day creditor protection period expires, provides an extra 90 days to negotiate a final restructuring plan with creditors, according to the report. Braskem shares were down 4.3%.Paramount Skydance's (PSKY) Monday meeting with California officials was canceled after State Attorney General Rob Bonta accused the company of leaking details and negotiating in bad faith over its proposed acquisition of Warner Bros. Discovery (WBD), The New York Times reported. Paramount shares were down 0.8%, while Warner Bros. shares were up 0.7%.Zillow Group (Z) said Monday it has resolved a lawsuit brought by the US Federal Trade Commission and five states over its partnership with Redfin. Under the agreement, Zillow and Redfin are allowed to continue their partnership, which aims to provide multifamily rental listings from both companies. Zillow shares were up 2.3%.Price: $210.12, Change: $-4.60, Percent Change: -2.14%

$APO$BABA$BAK$FUL$LYB$NVDA$PDD$PSKY$SHEL$WBD$XOM$Z
Commodities

Market Chatter: Shell Eyes Multi-Billion Dollar Sale of US Chemical Assets; Exxon Among Suitors

Shell (SHEL) is exploring a potential multibillion-dollar sale of its US chemicals assets as the UK energy giant looks to divest its weaker-performing operations, the Financial Times reported Monday.The sale has attracted the interest of bidders such as US energy major ExxonMobil (XOM), LyondellBasell (LYB), private equity firm Apollo and the chemicals arm of state-owned Kuwait Petroleum Corporation. Interested bidders submitted non-binding indicative offers last month for a transaction which could result in a potential $8 billion sale, the report said, citing people familiar with the matter.Shell's US chemicals operations, which produce chemicals used in plastics, detergents and pharmaceuticals, are spread across four sites in Louisiana, Texas and Pennsylvania.It includes the Monaca, Pennsylvania complex, which received $14bn in investment from Shell, began operations in 2022, and produces up to 1.6mn tonnes of polymers annually. The potential sale price would be well below Shell's investment in its US chemical facilities, the report added.Shell declined to comment, while Exxon, LyondellBasell, Apollo and Kuwait Petroleum Corporation did not immediately respond torequest for comments.(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.)

$LYB$SHEL$XOM
Equities

Market Chatter: Shell Draws Exxon, LyondellBasell Interest in US Chemicals Assets

Shell (SHEL) has drawn interest from potential bidders including ExxonMobil (XOM), LyondellBasell (LYB) and Apollo Global Management (APO) for its US chemicals assets, which could fetch up to $8 billion, The Financial Times reported Monday, citing people familiar with the matter.The report said the assets span four sites in Louisiana, Texas and Pennsylvania, including Shell's $14 billion Monaca, Pennsylvania, complex.Potential bidders submitted non-binding offers last month for the entire business or parts of it, the people told The Financial Times.Shell declined to comment, while ExxonMobil, LyondellBasell and Apollo Global Management 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.)

$SHEL
Commodities

Correction: Adnoc Distribution Agrees to Sell Minority Stake in Shell Downstream South Africa to Reatile

(Corrects headline to reflect Adnoc has agreed to sell a stake in Shell subsidiary to Reatile Group.)Adnoc Distribution, a subsidiary of UAE-based energy giant Adnoc, on Thursday said it has reached a long-term broad-based black economic empowerment agreement related to its proposed acquisition of Shell (SHEL) Downstream South Africa from Shell South Africa Holdings.As part of the agreement, diversified investment holding Reatile Group will acquire a minority interest in Shell Downstream South Africa following completion of Adnoc Distribution's acquisition.Reatile Group focuses on addressing Africa's energy challenges and has invested in, operated, managed and grown energy businesses alongside major South African and global energy companies over the past 23 years, Adnoc Distribution said in a statement.The proposed acquisition is subject to regulatory approvals and other customary closing conditions.In July, Adnoc Distribution disclosed that it has agreed to acquire a 100% stake in SDSA in a transaction with an implied enterprise value of about $1 billion before adjustment for net debt and working capital.A 28% stake in SDSA was to be sold to a local empowerment partner and Employee Stock Option Plan after the completion of the deal, expected in 2027, Adnoc Distribution said in its statement then.

$SHEL
Commodities

Adnoc Distribution Reaches Agreement to Acquire Shell Downstream South Africa

Adnoc Distribution, a subsidiary of UAE-based energy giant Adnoc, on Thursday said it has reached a long-term broad-based black economic empowerment agreement related to its proposed acquisition of Shell (SHEL) Downstream South Africa from Shell South Africa Holdings.As part of the agreement, diversified investment holding Reatile Group will acquire a minority interest in Shell Downstream South Africa following completion of Adnoc Distribution's acquisition.Reatile Group focuses on addressing Africa's energy challenges and has invested in, operated, managed and grown energy businesses alongside major South African and global energy companies over the past 23 years, Adnoc Distribution said in a statement.The proposed acquisition is subject to regulatory approvals and other customary closing conditions.In July, Adnoc Distribution disclosed that it has agreed to acquire a 100% stake in SDSA in a transaction with an implied enterprise value of about $1 billion before adjustment for net debt and working capital.A 28% stake in SDSA was to be sold to a local empowerment partner and Employee Stock Option Plan after the completion of the deal, expected in 2027, Adnoc Distribution said in its statement then.

$SHEL
Equities

ADNOC Recruits Local Investor Reatile for Shell Downstream South Africa Acquisition

ADNOC Distribution has agreed to sell a minority stake in Shell (SHEL) Downstream South Africa to South Africa's Reatile Group after it acquires the company, the state-backed United Arab Emirates energy company said in a regulatory filing Thursday.Financial terms of the arrangement were not disclosed.The deal with Reatile, an investment holding company focused on energy, affirmed ADNOC's commitment to South Africa's black economic empowerment policies and brings a measure of local participation in the acquisition.

$SHEL
Asia Markets

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

European equities traded in the US as American depositary receipts were tracking higher late Thursday morning, rising 0.52% to 1,977.10 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and biopharmaceutical company Cellectis (CLLS), which climbed 5.6% and 4.1%, respectively. They were followed by oil and gas company Eni (E) and semiconductor company Sequans Communications (SQNS), which advanced 2.3% and 0.6%, respectively.The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and biopharmaceutical company DBV Technologies (DBVT), which lost 4.5% and 3.2%, respectively. They were followed by medical device maker EDAP TMS (FOCL) and internet browser company Opera (OPRA), which were down 2.3% and 2.1%, respectively.The gainers from the UK were led by oil and gas companies BP (BP) and Shell (SHEL), which rose 3.7% and 1.9%, respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and lender HSBC (HSBC), which were up 1.4% and 0.9%, respectively.The decliners from the UK and Ireland were led by biopharamceutical firm Mereo BioPharma Group (MREO) and biotech firm Autolus Therapeutics (AUTL), which fell 3.8% and 3.4%, respectively. They were followed by biopharmaceutical company NuCana (NCNA) and software company Endava (DAVA), which were down 3.2% and 1.3%, respectively.

$AUTL$BDRX$BNTX$BP$CLLS$DAVA$DBVT$E$EVAX$FOCL$HSBC$MREO$NCNA$OPRA$SHEL$SQNS
Asia Markets

Update: US Equity Futures Fall Pre-Bell as US Threatens Iran's Trade Partners

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Thursday as traders monitored the situation in the Middle East, with the US announcing further economic pressure on Iran and threatening its trade partners.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.5%, and Nasdaq futures were 0.8% lower.President Donald Trump said that Iran will be subject to economic warfare "on an unprecedented scale," while also threatening economic consequences on any country that assists or does business with the Middle Eastern nation. "Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies - It all needs to stop NOW," Trump said in a post on Truth Social.Iran's Foreign Minister Seyed Abbas Araghchi in a post on X dismissed Trump's threat, calling it a diversion from America's challenges of "unprecedented debt & surging interest costs."Traders assessed the latest round of earnings, with Walmart (WMT) posting higher fiscal Q2 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3% at $94.33 per barrel and US West Texas Intermediate crude 3.5% higher at $87.35 per barrel.Initial jobless claims fell to 206,000 in the week ended Aug. 15 from 212,000 in the previous week, compared with expectations for a decrease to 210,000. The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August from 41.4 in July, compared with expectations for a drop to a reading of 24.8.July's leading indicators data is scheduled to be released 10 am ET.In other world markets, Japan's Nikkei closed 1.4% higher, Hong Kong's Hang Seng ended 0.8% higher, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was down 0.5%, and Germany's DAX index was 0.6% lower in Europe's early afternoon session.In equities, SK hynix (SKHY) stock was up 1.8% after The Korea Herald reported that the company and its labor union reached a tentative agreement to pay 60% of the chipmaker's profit-sharing bonuses in company shares. Shares of Exxon Mobil (XOM), Shell (SHEL), and TotalEnergies (TTE) were on the upswing as oil prices jumped. Exxon Mobil stock was up 1.8%, Shell shares rose 1.5%, and TotalEnergies stock was 2.3% higher.On the losing side, Walmart shares fell 6.6% after the company's fiscal Q3 adjusted EPS outlook fell short of analysts' consensus. Alibaba Group (BABA) stock was down 5.8% after the company reported lower-than-expected fiscal Q1 non-GAAP earnings. CrowdStrike (CRWD) shares were 3% lower after the company's global Chief Technology Officer Elia Zaitsev said in a LinkedIn post that he has stepped down from his role to launch an early-stage venture capital fund focused on cybersecurity.

Dow JonesNasdaq CompositeS&P 500$BABA$CRWD$SHEL$SKHY$TTE$WMT$XOM
Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Wednesday afternoon, with the NYSE Energy Sector Index rising 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.3%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index was fractionally higher.Front-month West Texas Intermediate crude oil rose 0.6% to $85.48 a barrel, and the global benchmark Brent crude contract advanced 0.3% to $91.26 a barrel. Henry Hub natural gas futures were steady at $2.78 per 1 million BTU.In sector news, US crude oil stocks, including the Strategic Petroleum Reserve, fell by 900,000 barrels in the week ended Aug. 14, following an increase of 11.3 million barrels in the week earlier. Excluding SPR inventories, commercial crude oil stocks rose by 4.4 million barrels compared with a 17.4-million-barrel gain in the week prior, and above the 200,000-barrel increase expected in a survey compiled by Bloomberg.In corporate news, Sable Offshore (SOC) can continue using an emergency order from the Trump administration as legal authority for the restart of an oil pipeline in Santa Barbara, California, Bloomberg reported Wednesday, citing a court ruling. Sable shares jumped past 18%.BP (BP) has begun trading Venezuelan oil, with a tanker loading about 400,000 barrels of heavy fuel oil supplied by state-owned Petroleos de Venezuela for delivery to Houston, Bloomberg reported. BP shares rose 0.7%.Energy Fuels (UUUU) shares gained 5.8% after it said Wednesday that terbium oxide produced at the White Mesa Mill in Utah has been qualified for commercial use by one of Japan's largest rare earth permanent magnet manufacturers.FLEX LNG (FLNG) shares climbed 3.9% after it reported higher Q2 adjusted net income and revenue.Shell (SHEL) Lubricants and Hyundai Motor have renewed their global partnership for another five years, the companies said Wednesday. Shell shares were up 0.8%.

$BP$FLNG$SHEL$SOC$UUUU
Sectors

Sector Update: Energy

Energy stocks were mixed late Wednesday afternoon, with the NYSE Energy Sector Index rising 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.3%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index was fractionally higher.Front-month West Texas Intermediate crude oil rose 0.6% to $85.48 a barrel, and the global benchmark Brent crude contract advanced 0.3% to $91.26 a barrel. Henry Hub natural gas futures was steady at $2.78 per 1 million BTU.In corporate news, Shell (SHEL) Lubricants and Hyundai Motor have renewed their global partnership for another five years, the companies said Wednesday. Shell shares were up 0.9%.

$SHEL
Commodities

Shell Lubricants, Hyundai Motor Renew Global Partnership

Oil supermajor Shell (SHEL) said Wednesday that Shell Lubricants and Korea's Hyundai Motor have renewed their global partnership for another five years.Shell will remain Hyundai Motor's recommended supplier of aftersales lubricants globally following the fifth renewal of the agreement that began in 2005.The two companies will also continue developing advanced lubricant technologies and supporting high-performance vehicle programs."Additionally, the companies plan to expand collaboration on service marketing programs designed to strengthen customer satisfaction and reinforce their leading position in key aftersales markets," the statement said.The deal is also expected to cover next-generation e-fluids, thermal management, digital innovation, and high-performance mobility, according to Shell Lubricants official Lee Ming Seow.

$SHEL
Equities

Shell Lubricants, Hyundai Motor Sign 5-Year Renewal of Global Partnership

Shell (SHEL) Lubricants and Hyundai Motor have renewed their global partnership for another five years, the companies said Wednesday.Shell will continue as Hyundai Motor's recommended global aftersales lubricant supplier, while the companies will collaborate on lubricant technologies and high-performance vehicle programs.The companies also plan to expand service marketing initiatives to improve customer satisfaction, while Shell will supply Shell Helix engine oils to Hyundai Motor customers globally, they said.

$SHEL
Commodities

SLB Wins Brunei Shell Petroleum Contract to Restore Offshore Production

Global energy technology company SLB (SLB) has been awarded a contract by Brunei Shell Petroleum, a unit of Shell (SHEL), to support production restoration from shut-in wells across multiple offshore fields, SLB said in a statement on Tuesday.The contract covers subsurface evaluation, well candidate selection, engineering and offshore execution, with project management, intervention services, monitoring, metering and marine logistics integrated into a single coordinated execution model.The program also incorporates elements of standard well, reservoir, and facility management methodologies, including coordinated surveillance, engineering, and intervention planning.Price: $53.72, Change: $-0.14, Percent Change: -0.26%

$SHEL$SLB
Equities

Update: Market Chatter: Shell Loses South Africa Oil Exploration Case at Top Court

(Updates to add Shell's comment in the fourth paragraph)Shell (SHEL) has lost a legal battle with environmental activists over an oil exploration campaign off South Africa's Wild Coast, Bloomberg reported Friday.The Constitutional Court ruled that the exploration right cannot be renewed, Bloomberg said.The report said the five-year legal dispute began in 2021, when activists challenged Shell's planned seismic survey over concerns about community consultation and potential impacts on marine life."South Africa is currently reliant on energy imports for many of its energy needs. Should viable resources be found offshore, this could significantly contribute to South Africa's energy security and the Government's economic development programmes." Shell told.(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 Friday

Energy stocks rose Friday with the NYSE Energy Sector Index gaining 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index climbed 2.6%, and the Dow Jones US Utilities Index advanced 0.3%.West Texas Intermediate crude oil rose 1.4% to $82.41 a barrel, and global benchmark Brent advanced 1.7% to $88.53 a barrel. Henry Hub natural gas futures eased 0.3% to $2.72 per 1 million BTU.Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked at the chokepoint, Reuters reported. Abu Dhabi's national oil company said its vessels were attacked Thursday evening, and that the government of the United Arab Emirates blamed Iran, which made no immediate comment, the report said.In corporate news, Energy Transfer's (ET) Green Chile Project pipeline, a New Mexico natural gas project that would supply power-generation systems for a planned Oracle (ORCL) data center, has been delayed and is now expected to enter service next year, Bloomberg reported. Energy Transfer shares rose 1.4%.Phillips 66 (PSX) and Marathon Petroleum (MPC) held discussions earlier this year over a potential combination that would have created a company valued at $180 billion, Semafor reported. Phillips 66 shares rose 0.4%, and Marathon fell 0.3%.Shell (SHEL) lost a legal battle with environmental activists over an oil exploration campaign off South Africa's Wild Coast, Bloomberg reported. Shell shares rose 1.5%.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported. Diversified Energy shares rose 1.1%.

$DEC$ET$MPC$PSX$SHEL
Sectors

Sector Update: Energy Stocks Rise Friday Afternoon

Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index rising 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.6%.The Philadelphia Oil Service Sector Index was climbing 2.9%, and the Dow Jones US Utilities Index was up 0.7%.Front-month West Texas Intermediate crude oil rose 1.1% to $82.15 a barrel, and the global benchmark Brent crude contract advanced 1.3% to $88.18 a barrel. Henry Hub natural gas futures added 0.9% to $2.75 per 1 million BTU.In geopolitical news, Treasury Secretary Scott Bessent said the US plans to announce measures on Iran next week that have "never been seen," CNN reported. Secretary of Defense Pete Hegseth said the US can sustain its blockade against Iran "indefinitely," Al Jazeera, a Middle Eastern broadcaster, reported. Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked at the chokepoint, Reuters reported. The Abu Dhabi National Oil Co. from the United Arab Emirates said its vessels were attacked Thursday evening, the news report said, adding that the UAE government blamed Iran, which made no immediate comment.In corporate news, Phillips 66 (PSX) and Marathon Petroleum (MPC) held discussions earlier this year over a potential combination that would have created an oil-and-gas company valued at about $180 billion, Semafor reported. Phillips 66 shares were down 0.1%, and Marathon was shedding 0.8%.Shell (SHEL) has lost a legal battle with environmental activists over an oil exploration campaign off South Africa's Wild Coast, Bloomberg reported. The Constitutional Court ruled that the exploration right cannot be renewed, Bloomberg said. The report said the five-year legal dispute began in 2021, when activists challenged Shell's planned seismic survey over concerns about community consultation and potential impacts on marine life. Shell shares were up 1%.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported. Diversified Energy shares rose 1%.

$DEC$MPC$PSX$SHEL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Track Lower in Friday Trading

European equities traded in the US as American depositary receipts were tracking lower late Friday morning, declining 0.35% to 1,962.14 on the S&P Europe Select ADR Index, which is up 0.17% for the week so far.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and petroleum refiner Equinor (EQNR), which rose 3.2% and 2.3%, respectively. They were followed by oil and gas company Eni (E) and telecommunications firm Nokia (NOK), which were up 0.8% and 0.7%, respectively.The decliners from continental Europe were led by biopharmaceutical companies Cellectis (CLLS) and argenx (ARGX), which dropped 2.5% and 2.1%, respectively. They were followed by biopharmaceutical firm DBV Technologies (DBVT) and biotech company Evaxion (EVAX), which lost 1.8% and 1.6%, respectively.The gainers from the UK were led by biopharmaceutical company NuCana (NCNA) and biotech firm Trinity Biotech (TRIB), which advanced 4.1% and 3.1% respectively. They were followed by oil and gas companies Shell (SHEL) and BP (BP), which increased 1.7% and 0.9% respectively.The decliners from the UK and Ireland were led by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which fell 7.4% and 3.9% respectively. They were followed by biopharmaceutical companies Bicycle Therapeutics (BCYC) and Akari Therapeutics (AKTX), which were down 2.3% and 1.3% respectively.

$AKTX$ARGX$AUTL$BCYC$BDRX$BP$CLLS$DBVT$E$EQNR$EVAX$NCNA$NOK$SHEL$SQNS$TRIB
Commodities

Market Chatter: Shell Loses Legal Battle With South African Activists Over Oil Exploration

Shell (SHEL) has lost a five-year legal battle against environmental activists over a South African oil-exploration campaign, after the nation's highest court ruled against the energy major, Bloomberg reported on Friday.The Constitutional Court decided that Shell will not be permitted to renew its exploration rights off South Africa's Wild Coast along the Indian Ocean. The ruling deals a blow to offshore oil prospecting in the region as environmental challenges mount, even as neighboring Namibia advances major crude discoveries just across the maritime border.The court's decision is expected to further empower activists following a string of legal victories against offshore explorers. The litigation began in 2021 when local communities and environmental groups challenged a planned seismic survey by Shell and its local partner in an ecologically sensitive marine area frequented by whales.Shell and TotalEnergies (TTE) are among several companies targeting South Africa's offshore basins for drilling. Shell did not immediately respond to' request for a 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: $90.57, Change: $+1.43, Percent Change: +1.60%

$SHEL$TTE
Equities

Market Chatter: Shell Loses South Africa Oil Exploration Case at Top Court

Shell (SHEL) has lost a legal battle with environmental activists over an oil exploration campaign off South Africa's Wild Coast, Bloomberg reported Friday.The Constitutional Court ruled that the exploration right cannot be renewed, Bloomberg said.The report said the five-year legal dispute began in 2021, when activists challenged Shell's planned seismic survey over concerns about community consultation and potential impacts on marine life.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.)

$SHEL

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