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Share Price Information for Shell (SHEL)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 2,811.50
Bid: 2,820.50
Ask: 2,821.50
Change: 14.50 (0.52%)
Spread: 1.00 (0.035%)
Open: 2,797.50
High: 2,824.00
Low: 2,797.50
Prev. Close: 2,797.00
SHEL Live PriceLast checked at -

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Europe's main energy stocks index hits highest since 2008

Fri, 12th Apr 2024 11:47

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

The STOXX Europe 600 Oil & Gas index rose around 2%, led by increases for BP, Shell, Siemens Energy and TotalEnergies among others.

Global oil major BP was among the top gainers, climbing more than 3% after Reuters reported that UAE's state-owned oil company recently considered buying BP but that the deliberations did not progress beyond preliminary discussions.

In addition, shares of Shell, TotalEnergies, and Subsea 7 notched all-time highs on Friday. The overall index has gained nearly 10% so far this year.

Charles Hall, head of research at brokerage Peel Hunt, attributed the gains to greater turbulence in the global economy. "Compared to two months ago, you've got oil prices higher and you've got a whole load of macro things, and you've got the potential of a black swan event."

Oil prices have been supported near a six-month high this week as heightened tensions in the Middle East raise the risk of supply disruptions from the oil-producing region.

Polish refiner Orlen was Friday's biggest loser on the index, with shares down about 0.6% on reports that Poland's special services are investigating if an Orlen subsidiary breached sanctions on the import of oil from Russia or Iran. (Reporting by Deep Vakil in Bengaluru and Ron Bousso in London; Editing by Hugh Lawson)

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29 May 2024 21:16

BP, Trinidad's NGC receive US license for gas development with Venezuela

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29 May 2024 13:36

Shell, Exxon near deal to sell North Sea assets to Viaro, sources say

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All change at top of Ithaca Energy ahead of purchase of Eni UK assets

(Alliance News) - Ithaca Energy PLC on Tuesday announced changes to its leadership team in preparation for the purchase of the UK upstream assets from Italian oil major Eni Spa.

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27 May 2024 11:00

BP, EOG Resources in talks to jointly develop Trinidad gas field

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South Africa's Central Energy Fund acquires Durban refinery land, assets

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Equinor to boost Troll gas output with $1.1 bln investment

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23 May 2024 21:40

Republican-led states ask Supreme Court to quash Big Oil climate lawsuits

May 23 (Reuters) - Nineteen Republican attorneys general have filed a rare complaint directly with the U.S. Supreme Court asking it to block several Democratic-led states from pursuing climate change-related litigation against major oil and gas companies in state courts.

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Australian natural gas industry seeks policy repairs to boost investment

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