Shell PLC (SHEL) Price

DNO Secures $410M Financing in North Sea Oil Deal

On December 18, 2025, Norwegian oil company DNO ASA secured up to $410 million in financing by finalizing North Sea oil offtake agreements with ExxonMobil and Shell, effective January 1, 2026.

AI Power Demand Drives Energy Sector to 6.2% Q3 Gain

The energy sector gained 6.2% in Q3 2025, driven by a $580 billion surge in AI-related data center investment and resilient oil demand.

BP Stock Rises 2.1% After Naming Meg O'Neill CEO

BP appointed Woodside Energy CEO Meg O'Neill as its new chief executive, causing BP's stock to rise 2.1% while Woodside's fell 1.28%.

Shell CEO Rejects BP Takeover, M&A Chief Exits

On December 16, 2025, Shell's CEO Wael Sawan rejected an internal proposal to acquire BP, which resulted in the departure of the company's head of M&A.

Chevron Bets $33M on Gulf of Mexico Deepwater

Chevron secured 22 deepwater tracts in the latest Gulf of Mexico lease sale for $33 million, reinforcing its long-term commitment to the region.

Shell Exits Argentina LNG Project as YPF Pivots to $20B Venture

State-owned YPF is moving forward with a major $20 billion LNG project, targeting a 2026 investment decision, while partner Shell has withdrawn from a separate, downsized LNG initiative.

Kazakhstan Ruling Looms Over Karachaganak Partners

Kazakhstan's government anticipates a year-end legal decision on the Karachaganak energy project, creating significant uncertainty for international partners Shell, Chevron, and Eni. The outcome could set a major precedent for foreign investment risk in the region.

BofA Backs Chevron As Oil Glut Fears Mount

Bank of America reiterated its "Buy" rating for Chevron (CVX) while trimming the price target to $180, signaling confidence despite a bearish outlook for oil. The endorsement is supported by a major project approval, contrasting with market-wide supply fears and internal leadership questions.

BP Expands Iraq Output Amid Portfolio Overhaul

BP is significantly increasing its hydrocarbon production in Iraq by reactivating a major development contract for the Kirkuk fields. This move, targeting 450,000 barrels per day, aligns with a broader corporate strategy emphasizing near-term cash flow from upstream oil and gas assets while the company considers major divestments like the Castrol business.

BP Boosts Gulf Output, Reinforces Oil Strategy

BP has brought its Atlantis Drill Center 1 online ahead of schedule, adding 15,000 barrels of oil equivalent per day in the Gulf of Mexico. This move, combined with aggressive bidding in lease auctions, signals a strategic focus on near-term oil and gas cash flow amid investor debates on capital allocation.

ExxonMobil Raises 2030 Targets Amid CFO Transition

ExxonMobil has announced the planned retirement of its Chief Financial Officer, Kathryn A. Mikells, effective February 1, 2026, while simultaneously raising its earnings and cash flow projections for 2030. The upgraded financial guidance is underpinned by the performance of its proprietary technologies and robust results from its Permian Basin assets.

Venture Global Contests Shell Fraud Claims In LNG Dispute

Venture Global has formally rejected fraud allegations from Shell within their ongoing Liquefied Natural Gas (LNG) arbitration, escalating the dispute by accusing Shell of breaching confidentiality. The conflict introduces significant uncertainty into the LNG contract market.

BP Operational Successes Meet Analyst Balance Sheet Scrutiny

BP plc concludes 2025 with strong operational results, including an early production start-up in the Gulf of Mexico. However, analyst concerns over high balance sheet gearing and a potential low oil price environment are creating significant headwinds for the stock.

Oil Majors Deepen Gulf of Mexico Investment

BP, Shell, and Chevron led a $280 million Gulf of Mexico lease sale, the first since 2023. This signals renewed investment spurred by a lower federal royalty rate of 12.5%, marking a significant policy shift towards expanding U.S. offshore oil production.

SLB, Shell Launch AI Venture For Energy Operations

SLB and Shell have launched a strategic collaboration to co-develop AI solutions for upstream energy operations, aiming to enhance efficiency and automation. This deepens their existing technology relationship, signaling a long-term strategic alignment.

ExxonMobil Pivots to Oil, Prioritizes Shareholder Returns

ExxonMobil is revising its five-year corporate plan, increasing its 2030 earnings growth forecast by $5 billion to $25 billion. The company is cutting its low-carbon investment budget by a third, reallocating capital to its core oil and gas assets in the Permian Basin and Guyana, signaling a strategic prioritization of fossil fuel production and shareholder returns.

BP Sharpens Focus on Fossil Fuels with Shareholder Returns, Shelves Key Hydrogen Project

Natural Gas Prices Surge as Record U.S. LNG Exports Meet Aggressive European Demand

Shell plc Executes Share Buyback Under Existing Program

Shell Executes Share Repurchase as Part of $3.5 Billion Buyback Program