Shell shares rise on ongoing buyback and stronger oil market conditions.

Shell's stock price increased following an update on its active share buyback program, which continues to support capital returns by reducing the number of shares outstanding. The buyback, conducted under strict market rules and managed independently by Morgan Stanley, signals confidence in the company's financial health. Additionally, the stock benefited from a firmer oil market backdrop driven by Middle East tensions and concerns over oil infrastructure, helping push shares near their 52-week high. Analysts remain mixed but generally positive, with price targets ranging from $77 to $106.