Shell Plc Sponsored ADR (LSE:SHEL) reshuffled capital and assets as it paused a $3.0B buyback for ARC Resources then unveiled a $4.2B program, pursues LNG Canada Phase 2 FID, sells BG Cyprus stake and pipeline/barge assets, reports strong Q2 forecasts, and faces board and legal moves.

Previous Week Recap

  • Shell ADR Buyback Boost, ARC Deal: Shell Plc ADR (SHEL) paused a $3.0B buyback in Q2 2026 for the ARC Resources deal, then unveiled a combined $4.2B buyback (including $1.2B pre-committed), targeting completion by Q3 2026 results.
  • LNG Canada Phase 2 FID Target: Shell Plc ADR (SHEL) targets a final investment decision on LNG Canada Phase 2 by year-end; Phase 1 started June 2025 at 14 Mtpa; Phase 2 would double capacity to 28 Mtpa.
  • BG Cyprus Sale To MOL: Shell Plc ADR (SHEL) agreed to sell BG Cyprus (35% non-op in Aphrodite Block 12) to MOL for up to $720M with milestone payments; deal awaits approvals, closing expected early 2027.
  • Explorer Pipeline Stake Sale: Shell Plc Sponsored ADR (SHEL) is exploring sale of its stake in the ~1,800‑mile Explorer refined products pipeline, a deal eyed near $3.5B; auction process reportedly in early stages.
  • Q2 2026 EPS, Revenue Forecast: Shell Plc Sponsored ADR (SHEL) forecast Q2 2026 EPS $2.72 and revenue $81.99B (y/y +25.4%); last close $86.37; mean 12‑month price target $97.00.
  • ARC Chair Change Effective Aug 1: Shell Plc ADR (SHEL): Ann Godbehere will leave the Audit and Risk Committee chair and member roles on Aug 1, 2026; Holly Keller Koeppel will become ARC Chair the same date.
  • Wells Fargo Raises Price Target: Wells Fargo kept Shell Plc Sponsored ADR (SHEL) at an Equal-Weight rating and raised its price target for the stock to $105 per share from $100, according to the firm’s update published at 14:32 GMT.
  • Court Dismisses Damage Claim: Amsterdam court dismissed Shell Plc Sponsored ADR (SHEL) damage claim vs. Clariant and others, ruling no harm from alleged antitrust conduct; Shell did not comment.
  • Gasoline Barge Sales Completed: Shell Plc ADR (SHEL) sold a 6,000-ton Eurobob E10 gasoline barge to Varo and completed additional Eurobob E10 barge sales to Trafigura and MB Energy, all in the gasoline barge market.

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.