Oil prices fell after Israel and Lebanon agreed to a ceasefire, easing tensions in the Middle East. This deal is seen as a potential step toward a broader peace that could reopen the Strait of Hormuz, a critical route for global oil and gas shipments. Brent crude dropped to about $96.92 per barrel, and US West Texas Intermediate fell to around $95.24. Market watchers are focused on upcoming talks on June 22, which could further influence oil supply and prices amid ongoing regional instability.
European oil giants like Shell and BP have seen strong stock gains in 2026 due to high crude prices and Middle East tensions disrupting supply. JPMorgan notes these stocks are now fairly valued and vulnerable if a ceasefire leads to eased tensions an...
On June 3, 2026, Shell plc repurchased a total of 1.4 million shares for cancellation across multiple trading venues, including the London Stock Exchange and Chi-X. This buyback is part of Shell's previously announced share repurchase program initiat...
MiQ, a leading global methane emissions certification body, has certified Shell Offshore Inc.'s entire production portfolio in the Gulf of Mexico, making Shell the first operator in this basin to receive MiQ certification. All 10 of Shell's productio...
MiQ has certified Shell Offshore Inc.'s entire production portfolio in the Gulf of America for methane emissions, making Shell the first operator in the basin to achieve this. All ten of Shell's production assets received the highest MiQ rating, cate...
On June 1, 2026, Shell plc repurchased 1.1 million of its own shares for cancellation, with prices ranging between £31.39 and £32.09 per share. This buyback is part of a previously announced share repurchase program managed independently by Goldman S...
