Oil prices fell significantly, with Brent crude dropping 6.1% to $90.87 and US West Texas Intermediate down 5.5% to $84.37. This decline followed a pause in US attacks on Iran, raising hopes for diplomatic progress in the region. As a result, shares of major London-listed oil producers like BP and Shell fell by 3.4% and 1.6%, respectively, while smaller North Sea producers saw even larger declines. Despite the price drop, supply risks remain due to ongoing disruptions in key shipping routes like the Strait of Hormuz and Bab al-Mandeb Strait. Lower oil prices typically reduce producers' future revenue and profits, impacting their stock values.
Shell plc is rated as a Buy due to its attractive valuation, low debt, and improving profits. The acquisition of ARC Resources adds significant production capacity, aiming for 4% annual growth through 2030 and generating $1.5 billion in yearly cash f...
Despite nearly six months of major global oil supply disruptions, oil prices remain surprisingly stable while equity markets have risen. However, data suggests a significant oil price spike could begin in August, which may cause stock markets to fall...
On July 23, 2026, Shell plc purchased 75,000 of its own shares for cancellation at an average price of £33.43 per share. This transaction is part of Shell's previously announced share buy-back program initiated on May 7, 2026, managed independently b...
