SHEL - Shell plc
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led the FTSE 100 risers early on as Brent tops $90 a barrel for the first time in more than a month, with the US military launching a ninth straight day of strikes on Iran and traffic through the Strait of Hormuz slowing to a trickle.
Shell (SHEL) closed at $87.32 in the latest trading session, marking a +2.63% move from the prior day.
SHEL expands its Caribbean LNG footprint with a Bahamas regasification terminal, supporting energy diversification and advancing the integrated gas strategy.
Shell has begun tendering for drilling services for its Dragon offshore gas project in eastern Venezuela, part of a plan to drill four wells there beginning in the second quarter of 2027, according to two people familiar with the process.
ARC Resources said on Tuesday its shareholders have voted in favor of being acquired by Shell , clearing another step for one of this year's biggest energy sector deals.
BP and Shell shares have staged a strong comeback this week, helped by rising crude oil prices. BP jumped to 505p, its highest point since June 22, and 12.2% above its lowest level this year.
India's Grasim Industries said on Monday its unit will buy Sprng Energy from British oil major Shell in a deal worth $1.8 billion, including debt, making it one of the largest acquisitions in the country's renewables energy space.
US oil majors are reluctant to build out more rigs and wells, resisting White House pressure as they claim their bumper profits are just a temporary boost.
In the closing of the recent trading day, Shell (SHEL) stood at $81.4, denoting a -1.02% move from the preceding trading day.
Press Release July 9, 2026 Shell plc Announces Final Results of Exchange Offers Shell plc (LSE: SHEL) (NYSE: SHEL) (AEX: SHELL) today announces the final results of its previously announced offers to exchange (the “Exchange Offers” and each, an “Exchange Offer”) any validly tendered (and not validly withdrawn) and accepted notes of certain series of outstanding unregistered notes issued by Shell Finance US Inc. (“Shell Finance US” or the “Issuer”) and fully and unconditionally guaranteed by Shell plc (such notes, the “Restricted Notes”) issued pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”) for a like amount of new registered notes issued by Shell Finance US and fully and unconditionally guaranteed by Shell plc (the “Exchange Notes”), as described in the prospectus dated June 8, 2026 (the “Prospectus”). The total aggregate principal amount of Restricted Notes that were validly tendered (and not validly withdrawn) and accepted for exchange in the Exchange Offers was $6,298,101,000, as set forth in the table below under the heading “Aggregate Principal Amount Tendered and Accepted.
Shell is positioned to benefit from elevated European LNG prices, despite near-term disruptions in its Qatar operations due to the Iran crisis. I initiated a peripheral position in SHEL after a 10% pullback, viewing the LNG market outlook and share price discount as attractive entry points. Shell's Q2 guidance suggests stable upstream production, improved downstream margins, and a volatile but potentially lucrative LNG segment amid market disruptions.
SHEL raises Q2 refining margin outlook and expects stronger gas trading to offset lower production caused by Middle East disruptions.
Shell Plc's (LSE:SHEL, NYSE:SHEL) second-quarter update has pushed brokers to raise forecasts, with Citi lifting its EPS estimate by 13% and Jefferies increasing its earnings forecast by 14% to around US$9 billion. Citi said the statement was “incrementally positive”, with the main upside coming from downstream.
The UK's FTSE 100 index edged higher on Tuesday as gains in energy stocks, led by Shell, offset weakness in precious metals miners. Rising oil prices and strength in consumer-focused shares also supported the benchmark index, while the midcap FTSE 250 traded lower.
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Shell PLC (LSE:SHEL, NYSE:SHEL) said stronger trading in its integrated gas business and improved refining margins should support second-quarter performance, although production has been hit by disruption to output from Qatar following the Iran war. Ahead of second-quarter results on 30 July, the oil major said integrated gas production is expected to be 610,000-650,000 barrels of oil equivalent a day in the second quarter, down from 909,000 in the first quarter, reflecting the impact on Qatari volumes.
Shell raised its guidance slightly on Tuesday for its integrated gas production in the April-June quarter, though output is expected to be sharply lower than in the first quarter because of effects from the Middle East conflict.
The British energy major said its gas-trading division is expected to report significantly higher results than the first quarter, but integrated gas unit production is set to fall.