BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Shell Stock (SHEL) Rises on Strong Gas Trading Performance and Potential NY Listing Shift
Shell Stock (SHEL) Rises on Strong Gas Trading Performance and Potential NY Listing Shift
15
3
BTCCSquare news:
Shell's shares surged following a robust performance in its oil and gas trading operations, with analysts speculating the momentum could prompt a shift of its primary listing from London to New York. The company anticipates adjusted earnings of approximately $4.3 billion for Q3, buoyed by higher trading activity in its integrated gas division.
Production guidance for liquefied natural gas (LNG) was revised upward to 7-7.4 million metric tonnes, from a prior range of 6.7-7.3 million. However, the company faces a $600 million impairment charge after scrapping a biofuels project in Rotterdam.
By:
