Shell (SHEL)

Sector:

Energy Producers

Index:

FTSE 100

2,780.50p
   
  • Change Today:
      8.50p
  • 52 Week High: 2,946.00
  • 52 Week Low: 2,220.50
  • Currency: UK Pounds
  • Shares Issued: 6,360m
  • Volume: 7,522,577
  • Market Cap: £176,852m

Supreme Court rules in favour of Shell over Nigeria oil spill

By Abigail Townsend

Date: Wednesday 10 May 2023

LONDON (ShareCast) - (Sharecast News) - The UK's highest court has ruled in favour of energy giant Shell in a dispute over a 2011 oil spill in Nigeria.
The claim is centred around an estimated 40,000 barrels of crude oil that leaked over a period of six hours in December 2011 while an oil tanker was loaded at Shell's Bonga oil field, around 120km off the cost of Nigeria.

A group individuals and communities have alleged that Shell was liable for the leak, with the resulting oil slick reaching the Nigerian Atlantic shoreline and polluting waterways and land, and damaging farming, fishing and drinking water.

But in a judgement published on Wednesday, a panel of five Supreme Court justices upheld the ruling of two lower courts, which found that the appellants had brought their case after the expiry of a six-year legal deadline. The appeal was therefore unanimously rejected.

Shell disputes that the oil spill impacted the shoreline, claiming instead that it was successfully contained and dispersed offshore.

As at 1330 BST, shares in Shell were trading 1% higher at 2,406p.

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Shell Market Data

Currency UK Pounds
Share Price 2,780.50p
Change Today 8.50p
% Change 0.31 %
52 Week High 2,946.00
52 Week Low 2,220.50
Volume 7,522,577
Shares Issued 6,360m
Market Cap £176,852m

Shell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.98% above the market average80.98% above the market average80.98% above the market average80.98% above the market average80.98% above the market average
70.67% below the sector average70.67% below the sector average70.67% below the sector average70.67% below the sector average70.67% below the sector average
Price Trend
55.48% above the market average55.48% above the market average55.48% above the market average55.48% above the market average55.48% above the market average
77.50% above the sector average77.50% above the sector average77.50% above the sector average77.50% above the sector average77.50% above the sector average
Income
70.57% above the market average70.57% above the market average70.57% above the market average70.57% above the market average70.57% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Growth
5.01% below the market average5.01% below the market average5.01% below the market average5.01% below the market average5.01% below the market average
25.49% below the sector average25.49% below the sector average25.49% below the sector average25.49% below the sector average25.49% below the sector average

What The Brokers Say

Strong Buy 7
Buy 9
Neutral 6
Sell 0
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Shell Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 16-May-24 15-Feb-24
Paid 24-Jun-24 25-Mar-24
Amount 34.40¢ 34.40¢

Trades for 28-May-2024

Time Volume / Share Price
16:28 0 @ 2,777.00p
16:28 0 @ 2,777.00p
16:28 0 @ 2,777.00p
16:17 8 @ 2,778.50p
16:17 42 @ 2,778.50p

Shell Key Personnel

CFO Sinead Gorman
CEO Wael Sawan

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