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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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Oil & Energy

Europe Gas Prices Rise as Norway Outage Deepens Storage Concerns, Rystad Says

European natural gas prices rose on Tuesday as an extended outage at Norway's Ormen Lange gas field added to concerns over supplies ahead of winter, while the region's storage deficit widened, Rystad Energy strategists said in a note on Thursday.Dutch Title Transfer Facility September contract settled at $20.10 per million British thermal units on Aug. 11, up 6.7% from a week earlier.Rystad analysts said that Norway's Ormen Lange field, operated by Shell (SHEL), is now expected to remain affected by the outage into February 2027.The consultancy said output has been reduced by about 40%, or 8.9 million cubic meters per day, a loss equivalent to roughly 11-12 liquefied natural gas cargoes for Europe.The disruption comes as Europe's gas inventories lag last year's levels and the market remains sensitive to developments in the Middle East, including uncertainty around negotiations over the Strait of Hormuz.Beyond geopolitics, price pressure is mounting as Europe faces an extended Norwegian gas outage amid a further widening storage gap, said Jan-Eric Fahnrich, senior analyst for gas and LNG research at Rystad Energy.Gas stored in the European Union and Britain stood at 67.4 billion cubic meters on Aug. 11, equivalent to 59.12% of available capacity. Rystad analysts said the deficit compared with the same point last year widened to 14.79 bcm from 13.91 bcm a week earlier.However, despite the tighter supply outlook, forward prices indicate Europe could attract uncommitted US LNG cargoes from October. Europe is also receiving some additional cargoes originally destined for Egypt after an earlier drone strike disrupted the country's import infrastructure.Asian LNG prices also rose, but at a slower pace than in Europe, potentially increasing the attractiveness of European markets for flexible US cargoes.Rystad said that the East Asian LNG price for October delivery rose 4.7% from a week earlier to $21.69/MMBtu on Aug. 11.Lower LNG freight rates, however, are reducing the premium Asian buyers need to pay relative to Europe, while demand from South Asia remains strong.Japan's power sector is also facing several disruptions. Chugoku Electric's 820-megawatt Shimane nuclear reactor No. 2 is expected to restart on Aug. 17 after an unplanned extension to maintenance.If gas-fired generation were to replace the nuclear capacity for a full month, the outage could add about 79,000 metric tons of LNG demand.Kansai Electric's 1.18-gigawatt Ohi nuclear reactor No. 3 went offline on Aug. 9 after an alarm was triggered. No restart date had been announced as of Aug. 11.LNG inventories held by major Japanese power utilities edged up to 2.03 million mt from 2.02 million mt over the previous two weeks.Bangladesh's Excellence floating storage and regasification unit resumed LNG sendout after a fire forced it offline from July 22 to Aug. 5.Meanwhile, the US gas market remains considerably looser than those in Europe and Asia, limiting upward pressure on prices.Front-month Henry Hub gas rose 3.2% on the week to $2.77/MMBtu on Aug. 11, but remained below $3/MMBtu as strong domestic production outweighed higher power-sector demand during a period of severe heat.The Energy Information Administration said that the US natural gas inventories rose by 33 billion cubic feet in the week ended July 31 to 3,117 Bcf, with the build exceeding both the increase a year earlier and the five-year average.Rystad said that power-sector gas consumption rose 3.2% to 50.14 billion cubic feet per day in the week ended Aug. 10, while LNG feedgas demand increased 3.1% to 17.46 Bcfd.Feedgas demand remained constrained by reduced flows to Freeport LNG and intermittent demand from Golden Pass.Price: $89.58, Change: $-0.49, Percent Change: -0.54%

$SHEL
Commodities

Update: Rotterdam Port Explosion Leaves 1 Dead, Several Injured; Operations Continue

(Updates with BP's response in 6th paragraph)An explosion at Rotterdam port killed one person and injured several others Thursday, while shipping traffic continued normally, a spokesperson from the Port of Rotterdam toldin an emailed response.The spokesperson said the explosion did not interrupt shipping traffic or affect operations at companies outside Gunvor's premises, while the port area extends over 40 kilometers.Gunvor stopped refinery operations at the site in 2020, and the premises now mainly serve as tank storage, the port's spokesperson said.Rotterdam emergency services reported a major power outage after a transformer caught fire under unexplained circumstances, forcing several companies to halt operations and evacuate workers, according to a report from AP News.Shell (SHEL) toldthat it was not involved in the incident and that the explosion did not affect its people or operations, adding that it had no further comment.BP (BP) also confirmed tovia email that it was unaffected by the incident at present.Gunvor and Exxon Mobil (XOM) did not immediately reply to' request for comment.Price: $89.71, Change: $-0.36, Percent Change: -0.40%

$BP$SHEL$XOM
Commodities

Rotterdam Port Explosion Leaves 1 Dead, Several Injured; Operations Continue

An explosion at Rotterdam port killed one person and injured several others Thursday, while shipping traffic continued normally, a spokesperson from the Port of Rotterdam toldin an emailed response.The spokesperson said the explosion did not interrupt shipping traffic or affect operations at companies outside Gunvor's premises, while the port area extends over 40 kilometers.Gunvor stopped refinery operations at the site in 2020, and the premises now mainly serve as tank storage, the port's spokesperson said.Rotterdam emergency services reported a major power outage after a transformer caught fire under unexplained circumstances, forcing several companies to halt operations and evacuate workers, according to a report from AP News.Shell (SHEL) toldthat it was not involved in the incident and that the explosion did not affect its people or operations, adding that it had no further comment.Gunvor, BP (BP), and Exxon Mobil (XOM) did not immediately reply to' request for comment.Price: $89.41, Change: $-0.66, Percent Change: -0.73%

$BP$SHEL$XOM
Commodities

Market Chatter: Vietnam's PV GAS Seeks Suppliers for Potential LNG Contract

Petrovietnam GAS is considering long-term LNG purchase as Vietnam works to expand gas-fired power and meet higher energy needs, Reuters reported Wednesday, citing a document.PV GAS has approached potential suppliers for 250,000 to 450,000 metric tons for its Thi Vai terminal, which can handle 1 million mt annually and is being expanded to 3 million mt, while Cai Mep has 3 million mt of capacity.PV GAS signed its first long-term LNG agreement with Shell (SHEL) in January, securing about 400,000 mt a year through 2031 as Vietnam develops its LNG market. Vietnam aims to reduce coal use and emissions, while its two southern LNG terminals currently rely on spot-market cargoes, according to the report.PV Gas did not immediately reply 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
Oil & Energy

Nigeria Unveils Framework to Unlock $50 Billion in Deep Offshore Investment

Nigeria President Bola Ahmed Tinubu approved a framework targeting up to $50 billion in new deep offshore investment, the presidency said Tuesday.The reform replaces project-by-project negotiations with a rules-based system aimed at restarting large, capital-intensive offshore developments that have remained stalled for decades.The framework will support the next generation of deep offshore projects, starting with the approximately $10 billion Bonga South West project, while improving Nigeria's appeal to global investors.The government developed the reform after Tinubu's engagement with Shell (SHEL) chief executive officer Wael Sawan, converting the President's directive into a framework covering multiple eligible offshore developments.The Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, establishes eligibility criteria and implementation processes designed to give investors greater certainty while protecting Nigeria's long-term interests.Nigeria's new deepwater oil projects can receive tax credits of up to $11.50 per barrel under the executive order, with the incentives available through Dec. 31, 2029, according to a Bloomberg report.The framework also allows Nigerian National Petroleum Company, the government's nominated counterparty under production sharing contracts, to amend eligible agreements needed to implement the new investment structure.Projects qualifying under the framework will prioritize work in Nigeria where commercially and technically feasible, supporting local engineering, fabrication, marine logistics, technical services and project management, the presidency said.The government expects the reform to boost investment and production while creating skilled jobs, strengthening local supply chains and positioning Nigeria as a regional deep offshore project hub."This reform reflects our determination to build an investment environment defined by clear rules, strong institutions and enduring partnerships," President Bola Ahmed Tinubu said.

$SHEL
Asia Markets

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

European equities traded in the US as American depositary receipts were trending higher late Friday morning, rising 0.91% to 1,957.71 on the S&P Europe Select ADR Index, which is up 1.6% for the week so far.From continental Europe, the gainers were led by internet ad firm Criteo (CRTO) and software company SAP (SAP), which rose 4.1% and 3.8% respectively. They were followed by accommodations booking site trivago (TRVG) and semiconductor company Sequans Communications (SQNS), which were up 3.3% and 2.9% respectively.The decliners from continental Europe were led by furniture maker Natuzzi (NTZ) and oil and gas company Eni (E), which dropped 12% and 1.3% respectively. They were followed by petroleum refiner Equinor (EQNR) and telecommunications company Nokia (NOK), which were off 0.9% and 0.6% respectively.The gainers from the UK were led by communications company WPP (WPP) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which advanced 5% and 4.8% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Bicycle Therapeutics (BCYC), which increased 4.3% and 4% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and oil and gas company BP (BP), which fell 2.5% and 1.2% respectively. They were followed by oil and gas company Shell (SHEL) and biopharmaceutical company NuCana (NCNA), which lost 1.1% and 0.7% respectively.

$AKTX$AUTL$BCYC$BDRX$BP$CRTO$E$EQNR$NCNA$NOK$NTZ$SAP$SHEL$SQNS$TRVG$WPP
Oil & Energy

US Oil, Gas M&A Slumps in Q2 as Volatility Freezes Deals, Enverus Says

US upstream oil and gas mergers and acquisitions slowed in Q2, plunging 76% from the previous quarter to $9.1 billion amid commodity price volatility, though robust competition for premier acreage points to a rebound in H2 2026, Enverus strategists said on Wednesday.Enverus analysts said that Q2 deal value marked the third-lowest quarterly total since 2020 and a 33% decline from the same period a year ago. The prior quarter's figures had been inflated by Devon Energy's (DVN) mega-merger with Coterra Energy (CTRA), the analysts said.However, despite the headline drop, over 40% of the quarter's total deal value came from the Bureau of Land Management's record-setting New Mexico lease sale, which generated more than $4 billion and shattered the previous auction record of $972 million set in 2018."The quarter looks weak on the headline number, but that understates the strength of the underlying bid for inventory," said Andrew Dittmar, principal analyst at Enverus Intelligence Research.Dittmar said that crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated valuations.Enverus said that it views the slowdown as a temporary negotiation obstacle rather than a fundamental demand issue, noting that public companies remain willing to pay rising prices for tier-one Permian acreage.Public operators dominated the landscape during the quarter, leading bidding at the BLM lease sale, where Devon Energy and Matador Resources (MTDR) secured high-priced Permian positions.Furthermore, Diversified Energy (DEC) partnered with Carlyle to acquire the majority of Camino Natural Resources in the Anadarko Basin, while Talos Energy (TALO) continued its consolidation of mature Gulf of Mexico assets.Private equity and asset-backed securitization buyers also maintained a strong presence, accounting for nearly 30% of asset-level deal flow for the second consecutive quarter.Over the past year, ABS-fueled buyers such as Flywheel Energy and Jonah Energy have absorbed roughly $10 billion in assets. Jonah deployed fresh capital into the Mid-Continent region during the quarter with a $1 billion purchase from Scout Energy Partners.The influx of ABS capital has transformed the Anadarko Basin into a leading M&A hub, with more than $5 billion transacting year-to-date.Enverus projects this funding model to expand geographically into mature, oil-weighted profiles such as the DJ and Williston basins.Meanwhile, the data analytics firm said scarcity of quality oil-weighted drilling locations continued to drive aggressive competition.Following the BLM auction, EnCap Investments' Paloma Permian fetched a strong premium in its July sale to Matador for $1.3 billion. Outside the Permian, Eagle Ford inventory captured strong buyer interest, highlighted by WildFire Energy's sale to Magnolia Oil & Gas for just over $4 billion.The high-valuation environment crossed borders during the quarter. Shell's (SHEL) $16.4 billion acquisition of ARC Resources in April drove total Canadian announced deal value above US levels, a rare occurrence, as international firms bet on Canada's deep resource base and improving infrastructure.Gas-directed M&A faced headwinds in Q2 as near-term market fundamentals weakened and acquisition targets in gas plays like the Haynesville grew scarce.However, Enverus said that longer-term demand expectations tied to liquefied natural gas exports remain solid, pointing to an eventual return of international capital to US gas production.Price: $42.64, Change: $-1.42, Percent Change: -3.21%

$CTRA$DEC$DVN$MTDR$SHEL
Commodities

Shell-PetroChina JV to Develop Next Phase of Surat Gas Project in Australia

Shell's (SHEL) 50/50 joint venture with PetroChina, Arrow Energy, will develop the next phase of the Surat gas project in Queensland, Australia, the oil major said on Wednesday.The project will supply around 79 million standard cubic feet per day of gas at peak production to both domestic and international markets. First gas is expected in 2028, according to the statement.Arrow Energy has a 27-year sales agreement with Shell Queensland Gas-operated Queensland Curtis Liquefied Natural Gas joint venture, enabling the supply of gas to international customers.Shell holds a 73.75% stake in the QCLNG joint venture, while China National Offshore Oil owns a 25% interest, and MidOcean Energy 1.25%.

$SHEL
Asia Markets

European Equities Traded in US as ADRs Advance in Tuesday Trading

European equities traded in the US as American depositary receipts rose late Tuesday morning with the S&P Europe Select ADR Index gaining 0.6% to 1,941.81.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and medical device maker EDAP TMS (FOCL), which climbed 11% and 5.3%, respectively. They were followed by telecommunications company Nokia (NOK) and internet ad firm Criteo (CRTO), which advanced 5.2% and 3.2%, respectively.The decliners from continental Europe were led by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which fell 2.1% and 1.8%, respectively. They were followed by accommodations platform trivago (TRVG) and pharmaceutical company Ascendis Pharma (ASND), which were down 0.9% each.The gainers from the UK were led by mining company BHP Group (BHP) and pharmaceutical company Silence Therapeutics (SLN), which rose 3.8% and 3%, respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and lender Barclays (BCS), which were up 2.5% and 1.3%, respectively.The decliners from the UK and Ireland were led by medical device maker Smith & Nephew (SNN) and oil and gas company BP (BP), which dropped 5.8% and 4%, respectively. They were followed by educational publisher Pearson (PSO) and oil and gas company Shell (SHEL), which lost 1.6% and 1.4%, respectively.

$ASND$AUTL$BCS$BHP$BP$CRTO$E$EQNR$FOCL$NOK$PSO$SHEL$SLN$SNN$SQNS$TRVG
Commodities

Market Chatter: BP North Sea Business Receives Strong Interest

Oil supermajor BP (BP) has received strong interest for its North Sea business, which it is marketing for a potential sale, Bloomberg reported Tuesday, citing company chief executive Meg O'Neill.The company has decided to divest the assets after more than 50 years of operation considering the shifting oil and gas policies in the UK, and as part of its efforts to strengthen its balance sheet and exercise capital discipline, O'Neill told the news agency.BP reportedly believes that the basin still has untapped oil and gas potential. It is the only remaining global oil major operating independently in the North Sea, following Shell's (SHEL) and TotalEnergies' (TTE) decisions to combine operations with other companies, Bloomberg said.BP 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.)

$BP$SHEL$TTE
Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks declined late Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling 1.6%.The Philadelphia Oil Service Sector Index was down 1.5%, and the Dow Jones US Utilities Index was easing 0.2%.Crude oil prices fell after US President Donald Trump said talks with Iran were set to begin Monday after he called off a planned military strike against the Gulf nation. Over the weekend, Trump said negotiations with Iran would begin Monday, without revealing the venue or participants, news outlets reported. In a social media post, Trump said he had called off a planned attack against Iran after being asked by Tehran and other Middle Eastern countries because the "perimeters of a deal has been agreed to."Front-month West Texas Intermediate crude oil fell 5.1% to $80.34 a barrel, and the global benchmark Brent crude contract dropped 4.5% to $83.98 a barrel. Henry Hub natural gas futures rose 1% to $2.77 per 1 million BTU.In corporate news, Shell (SHEL) said Monday it has agreed to sell its European onshore renewables portfolio to TotalEnergies (TTE). Shell was down 0.8%, and TotalEnergies eased 0.5%.Chevron (CVX) said it will expand its North American base oils distribution network through new agreements with HF Sinclair Lubricants & Specialties and Renkert Oil, starting May 1, 2027. Chevron shares were shedding 1.9%.President Donald Trump said Exxon Mobil (XOM) and Chevron are making "too much money" and that "they better cut the retail price," Bloomberg reported Monday, citing comments made by him at the White House. Exxon shares were down 0.5%.BP (BP) has completed the sale of its Gelsenkirchen refinery and related businesses in Germany to Klesch, the company said. BP shares were falling 2.3%.

$BP$CVX$SHEL$TTE$XOM
Sectors

Sector Update: Energy Stocks Fall Monday Afternoon

Energy stocks declined Monday afternoon, with the NYSE Energy Sector Index falling 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.1%.The Philadelphia Oil Service Sector Index was down 1.1%, and the Dow Jones US Utilities Index was fractionally lower.Crude oil prices fell after US President Donald Trump said talks with Iran were set to begin Monday after he called off a planned military strike against the Gulf nation. Over the weekend, Trump said negotiations with Iran would begin Monday, without revealing the venue or participants, news outlets reported. In a social media post, Trump said he had called off a planned attack against Iran after being asked by Tehran and other Middle Eastern countries because the "perimeters of a deal has been agreed to."Front-month West Texas Intermediate crude oil fell 5.6% to $79.97 a barrel, and the global benchmark Brent crude contract dropped 4.6% to $83.85 a barrel. Henry Hub natural gas futures rose 0.5% to $2.76 per 1 million BTU.In corporate news, Shell (SHEL) said Monday it has agreed to sell its European onshore renewables portfolio to TotalEnergies (TTE). Shell was down 0.8%, and TotalEnergies eased 0.4%.Chevron (CVX) said it will expand its North American base oils distribution network through new agreements with HF Sinclair Lubricants & Specialties and Renkert Oil, starting May 1, 2027. Chevron shares were shedding 1.6%.BP (BP) has completed the sale of its Gelsenkirchen refinery and related businesses in Germany to Klesch, the company said. BP shares were falling 1.8%.

$BP$CVX$SHEL$TTE
Sectors

Sector Update: Energy

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.1%.The Philadelphia Oil Service Sector Index was down 1.1%, and the Dow Jones US Utilities Index was fractionally lower.Crude oil prices fell after US President Donald Trump said talks with Iran were set to begin Monday after he called off a planned military strike against the Gulf nation. Over the weekend, Trump said negotiations with Iran would begin Monday, without revealing the venue or participants, news outlets reported. In a social media post, Trump said he had called off a planned attack against Iran after being asked by Tehran and other Middle Eastern countries because the "perimeters of a deal has been agreed to."Front-month West Texas Intermediate crude oil fell 5.6% to $79.97 a barrel, and the global benchmark Brent crude contract dropped 4.6% to $83.85 a barrel. Henry Hub natural gas futures rose 0.5% to $2.76 per 1 million BTU.In corporate news, Shell (SHEL) said Monday it has agreed to sell its European onshore renewables portfolio to Total Energies (TTE). Shell was down 0.8%, and Total Energies eased 0.4%.

$SHEL$TTE
Asia Markets

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid US-Iran Truce Hopes

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Monday's premarket activity as traders hope for a US-Iran truce.US stock futures were higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.9%, and Nasdaq futures gaining 0.3% before the start of regular trading.July's manufacturing data from S&P Global will be released at 9:45 am ET.The ISM's manufacturing report and June's construction data will be released at 10 am ET.In premarket activity, bitcoin was down by 1.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% lower, Ether ETF (EETH) retreated 1.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined 0.1%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.8%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.2%, and the iShares US Consumer Staples ETF (IYK) was 0.9% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased 1.1%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Alibaba (BABA) shares were up more than 4% pre-bell after the company said in a social media post that it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1.1%, the Vanguard Health Care Index Fund (VHT) was up 0.8%, while the iShares US Healthcare ETF (IYH) increased 0.04%. The iShares Biotechnology ETF (IBB) was 0.4% higher.AstraZeneca (AZN) stock was down more than 4% premarket, while Bristol Myers Squibb (BMY) gained 4% after Financial Times reported Sunday that the companies are in talks about a potential combination that would create a pharmaceutical company valued at nearly $400 billion.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.5%, the iShares US Technology ETF (IYW) was flat, and the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.5% lower, while the iShares Semiconductor ETF (SOXX) fell by 2.4%.Parsons (PSN) shares were up more than 2% in premarket activity after the company said it will serve as the lead designer for the Interstate 526 Long Point Road Interchange Improvements project in South Carolina.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.8%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.3% lower.KKR (KKR) shares were up more than 1% in early hours activity after the company entered into a definitive agreement to acquire Integer (ITGR) through affiliated funds in an all-cash transaction at an enterprise value of $5.70 billion. Integer stock was 2.6% higher.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.6%, while the Vanguard Industrials Index Fund (VIS) was up 0.6% and the iShares US Industrials ETF (IYJ) was 0.4% higher.Boeing (BA) stock was up more than 1% before the opening bell after the company said it has delivered Somon Air's first 737 Max aircraft.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.2%.Shell (SHEL) stock was down more than 1% before market open after the company agreed to sell its European onshore renewables portfolio to TotalEnergies (TTE). TotalEnergies' shares were 0.6% lower.CommoditiesFront-month US West Texas Intermediate crude oil fell by 6.8% to $78.92 per barrel on the New York Mercantile Exchange. Natural gas was up 0.8% at $2.77 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 6.8%, while the United States Natural Gas Fund (UNG) was 0.5% higher.Gold futures for November advanced by 0.2% to $4,114.80 an ounce on the Comex. Silver futures gained by 0.7% to reach $58.18 an ounce. SPDR Gold Shares (GLD) was up by 0.1%, and the iShares Silver Trust (SLV) fell by 0.4%.

Dow JonesNasdaq CompositeS&P 500$AZN$BA$BABA$BETH$BITO$BMY$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$ITGR$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KKR$PMR$PSN$QQQ$RTH$SHEL$SLV$SOXX$SPY$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Commodities

TotalEnergies to Acquire 4GW Renewable Portfolio From Shell, Sell 50% Stake in 1.2 GW Assets to KKR

French energy major TotalEnergies (TTE) has reached an agreement to acquire British counterpart Shell's (SHEL) onshore renewables portfolio in Europe, the companies said in separate statements on Monday.The 4-gigawatt assets being acquired comprise of 500 megawatts of solar and wind assets in operation or under construction, primarily in Italy and the Netherlands, with the remaining 3.5 GW pipeline consisting of solar, wind and battery storage projects in Italy, the UK and Spain.TotalEnergies will be the sole owner of these assets following the completion of the deal, which is expected by the end of this year conditional upon approval by relevant authorities."This transaction complements TotalEnergies' power generation activities in these four key markets for the deployment of its integrated power strategy in Europe, in particular its European renewables asset portfolio, which amounts to nearly 10 GW of gross installed capacity or capacity under construction and 27 GW under development," TotalEnergies said in its statement.Financial details of the transaction were not disclosed.In a separate transaction, TotalEnergies has agreed to sell a 50% stake in a 1.2 GW portfolio of solar and wind portfolio in Europe to global investment firm KKR, valuing the portfolio at an enterprise value of 1.8 billion euros.TotalEnergies will retain the remaining 50% ownership of these assets spread across Germany, Spain, France and Poland. Their electricity has already been sold to third parties or will be marketed by TotalEnergies, the company said.TotalEnergies will continue to operate the assets after completion of the deal, expected in 2026 subject to customary conditions.The KKR deal follows the company's strategy of selling 50% stakes in developed renewable projects, the statement said.In its statement, Shell said the deal will allow the group to recycle capital and prioritize areas that are in line with its asset-backed trading strategy."Shell is prioritising areas where it has differentiated capabilities in power, including asset-backed trading, increasing access to flexible generation capacity and customer focused energy solutions while remaining disciplined on capital allocation and returns," the company said.

$SHEL$TTE
Equities

Shell to Sell European Renewable Assets to Total Energies

Shell (SHEL) has agreed to sell its European onshore renewables portfolio to Total Energies (TTE), the oil giant disclosed Monday.No price tag was disclosed on the transaction, which is expected to conclude in 2026, and which includes 500 megawatts of renewable generation capacity that is either operating or being built in the Netherlands, Spain and the UK.In addition, the Paris-based Total Energies said it will acquire from a Shell a 3.5 gigawatt pipeline of unbuilt solar, wind and battery storage projects in Italy, the UK and Spain.Separately, Total Energies also disclosed the sale of a 50% stake in a 1.2 gigawatt onshore solar and wind portfolio in Europe to an insurance arm of US-based investment house KKR (KKR).A sale price was not disclosed, but Total Energies said it retains a 50% stake the assets sold to KKR, and the whole portfolio has an enterprise value of 1.8 billion euros.

$KKR$SHEL$TTE
Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index rising 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index was climbing 2.3%, and the Dow Jones US Utilities Index decreased 0.4%.In geopolitical news, Iran said Friday that it had targeted US military assets at Kuwait's Ahmad Al-Jaber airbase, describing the attack as retaliation for US strikes a day earlier, Al Jazeera reported Friday. The US has not responded to Iran's attack yet, and specific details about the damage and casualties are not known, the report said.Separately, President Donald Trump said the US has an "understanding" with Israel to start implementing an agreement in Gaza that would require Israeli forces to withdraw and Hamas to give up its weapons, a critical step in implementing a multi-phase peace plan to end the war, according to CNN. A senior Hamas official told CNN that the militant group had agreed to the deal with the US-backed Board of Peace, contingent on Israel upholding its obligations. Hamas has never before agreed to a specific plan to hand over its weapons, according to CNN.Front-month West Texas Intermediate crude oil rose 1.3% to $84.64 a barrel, and the global benchmark Brent crude contract added 1.2% to $90.12 a barrel. Henry Hub natural gas futures shed 0.4% to $2.75 per 1 million BTU.In corporate news, Exxon Mobil (XOM) and Chevron (CVX) on Friday reported year-over-year gains in their Q2 results as the supply disruptions in the Middle East boosted oil prices. Exxon shares were down 0.8%, and Chevron rose 2.5%.Phillips 66 (PSX) said Friday its board authorized an additional $10 billion of share repurchases, increasing the company's buyback capacity as the remaining authorization nears depletion. Phillips 66 shares were up 0.4%.Shell (SHEL) has agreed to sell its BG Cyprus subsidiary to MOL Group for up to $720 million, subject to customary adjustments and milestone-linked contingent payments, the company said Friday. Shell shares were up 1.4%.BP (BP) said Friday it has launched a process to market its North Sea oil and gas business for a potential sale as part of its broader portfolio review. BP shares rose 1.9%.

$BP$CVX$PSX$SHEL$XOM
Sectors

Sector Update: Energy

Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index rising 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index was climbing 2.3%, and the Dow Jones US Utilities Index decreased 0.4%.Front-month West Texas Intermediate crude oil rose 1.3% to $84.64 a barrel, and the global benchmark Brent crude contract added 1.2% to $90.12 a barrel. Henry Hub natural gas futures shed 0.4% to $2.75 per 1 million BTU.In corporate news, Shell (SHEL) has agreed to sell its BG Cyprus subsidiary to MOL Group for up to $720 million, subject to customary adjustments and milestone-linked contingent payments, the company said Friday. Shell shares were up 1.4%.

$SHEL
Oil & Energy

Shell to Divest BG Cyprus Subsidiary to Hungary's MOL for up to $720 Million

Shell (SHEL) Shell will sell its fully-owned subsidiary BG Cyprus to Hungary's MOL Group for up to $720 million, it said in a statement on Friday.BG Cyprus has a 35% non-operated stake in the Cyprus Offshore Block 12, the location of the Aphrodite gas field in the eastern Mediterranean Sea.Gas from the asset is likely to be sold to the Egyptian Natural Gas Holding, Shell said, adding that it had worked alongside the Cypriot government and joint-venture partners to progress the project up to its sale to Mol Group.The transaction will enable Shell to capture the value that has been added while other project partners, Chevron (CVX) Cyprus, with a 35% stake and BG NewMed Energy which owns 30%, take the project towards final investment decision.Cederic Cremers, Shell's integrated gas president, said the decision was made based on the pursuit of disciplined capital allocation and as the company focuses on assets that strengthen its LNG value chain.The transaction is likely to complete in early 2027, once regulatory approvals are obtained and closing conditions met.The Cypriot government and the joint venture partners agreed in 2025 on a development and production plan for the field, which will make use of a floating production unit.

$CVX$SHEL
Equities

Shell to Sell Cyprus Gas Field Unit to MOL Group for Up to $720 Million

Shell (SHEL) has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, subject to customary adjustments and milestone-linked contingent payments, the company said Friday.BG Cyprus holds a 35% non-operated interest in Cyprus Offshore Block 12, which contains the Aphrodite natural gas field. Upon closing, MOL will assume Shell's rights and obligations associated with the stake.The transaction is expected to close in early 2027, it added.

$SHEL

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