• Shell (SHEL) raised Q2 LNG volumes to 7.4–7.8 Mt and upstream output to 1.75–1.85 M BOE/d; forecasts refining margins near $20/boe with refineries near full utilization.
  • Shell (SHEL) agreed to sell its South Africa retail fuel business to Adnoc for $1.0B, covering 580 stations plus wholesale, aviation, marine and lubricants; deal closes in 2027 pending approvals.
  • Shell Plc ADR (SHEL) q2 trading update: strong operations and working-capital inflows; no comment on chemicals losses. Shares rose ~2.8% to 2,994p after the release.