Shell Plc Sponsored ADR (LSE:SHEL) raised near‑term guidance and touted strong refining and upstream metrics while expanding advanced bitumen tech and bidding in Alaska leases, prompting a ~2.3% stock move and a Goldman Sachs HALO buy-list nod for its resilient asset base.
Previous Week Recap
- Shell Raises Near-Term Guidance: Shell (SHEL) raised near-term guidance: LNG volumes 7.4–7.8M mt, upstream 1.75–1.85M boe/d, refining margin ~$20/boe, refinery run-rate ~100%. Shares moved ~2.3% after update.
- Goldman Ups SHEL On HALO List: Goldman Sachs added Shell Plc Sponsored ADR (SHEL) to its HALO buy list, citing Shell’s asset base and earnings resilience; traders should note the firm’s upgraded stance on SHEL.
- SHEL Bids In NPR-A Auction: Shell Plc Sponsored ADR (SHEL) bid in a March federal auction for National Petroleum Reserve–Alaska drilling rights. Major oil players spent a record $164 million on parcels in that sale.
- SHEL Expands Bitumen Binders: Shell Plc Sponsored ADR (SHEL) expanded advanced bitumen binders to boost pavement life and durability; positioned as a potential supplier for Northern Europe’s climate-adaptive road infrastructure.
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