Shell (LSE:SHEL) is reshaping its portfolio and leadership while sustaining shareholder returns: selling Gulf and retail assets for about $2.7B, forecasting big LNG demand growth, reporting Q1 trading gains and production dips linked to the Iran war, and keeping its $3B buyback pace.
Previous Week Recap
- Shell Sells Stakes To Talos/Ridgewood: Shell agreed to sell stakes in Na Kika and Coulomb to Talos/Ridgewood for $1.7B, effective July 1, 2025. Assets produced ~37,000 BOE/d in 2025; closing expected by end‑2026.
- Shell Projects LNG Demand Surge: Shell projects global LNG demand up ~65% to ~700 Mt/yr by 2050. Shell expects ~180 Mt/yr new supply by 2030 and ~200 Mt/yr more liquefaction capacity; U.S. to supply most new capacity.
- SHEL Q1 Gains, Oil Dip: SHEL posted Q1 trading gains from energy market swings and disclosed a 10% drop in oil and gas production linked to the Iran war; management replaced Bob Kijkuit with Rodrigo Vilanova.
- UBS: Shell Buyback Steady: UBS says Shell Plc Sponsored ADR (SHEL) will likely keep its $3B quarterly share buyback unchanged, maintaining the current repurchase pace and authorization.
- Shell Nears 600 SA Stations Sale: Shell Plc (SHEL) is nearing a deal to sell about 600 South African fuel stations—roughly 10% of the market—to ADNOC’s retail arm for about $1 billion; announcement expected soon.
- Wells Retirement; Kijkuit Succeeds: Shell Plc (SHEL) said David Wells will retire as head of its energy trading unit. Bob Kijkuit, VP for Europe & Africa energy trading, will succeed him; timing and transition details were not given.
- Shell Reports 5.57 Billion Shares: Shell Plc (SHEL) reports 5,570,928,127 ordinary shares outstanding as of June 30, 2026; no treasury shares. This figure will be used to calculate and report future share interest changes.
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