Loading…
Loading…
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.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
Click below to see what's inside, then upgrade to read every transcript for SHEL and 80,000+ other tickers.
Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.