Shell (SHEL)

Sector:

Energy Producers

Index:

FTSE 100

2,937.00p
   
  • Change Today:
    -9.00p
  • 52 Week High: 2,961.00p
  • 52 Week Low: 2,220.50p
  • Currency: UK Pounds
  • Shares Issued: 6,378m
  • Volume: 7,441,586
  • Market Cap: £187,329m

Ithaca, Shell strike deal on Cambo stake sale

By Frank Prenesti

Date: Friday 05 May 2023

LONDON (ShareCast) - (Sharecast News) - Ithaca Energy on Friday said it had struck a deal with Shell to market the latter's 30% stake in the giant Cambo North Sea oil and gas prospect.
Shell will be able to sell all or part of its current stake. Ithaca will be eligible to buy and part of Shell's holding not sold to a third party.

If any buyer wants more than 30% of the field, Ithaca would be prepared to sell up to 19.99% of its interest.

In all the sale scenarios, Ithaca would retain at least 50% of Cambo and remain the asset's operator, the company said.

Reporting by Frank Prenesti for Sharecast.com

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Shell Market Data

Currency UK Pounds
Share Price 2,937.00p
Change Today -9.00p
% Change -0.31 %
52 Week High 2,961.00p
52 Week Low 2,220.50p
Volume 7,441,586
Shares Issued 6,378m
Market Cap £187,329m

Shell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.02% above the market average86.02% above the market average86.02% above the market average86.02% above the market average86.02% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
64.86% above the market average64.86% above the market average64.86% above the market average64.86% above the market average64.86% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Income
63.22% above the market average63.22% above the market average63.22% above the market average63.22% above the market average63.22% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
7.42% below the market average7.42% below the market average7.42% below the market average7.42% below the market average7.42% below the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% 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 13-May-2024

Time Volume / Share Price
12:30 1,348,965 @ 2,940.00p
12:29 1,348,965 @ 2,940.00p
16:26 3 @ 2,938.00p
16:26 3 @ 2,938.00p
16:26 0 @ 2,938.00p

Shell Key Personnel

CFO Sinead Gorman
CEO Wael Sawan

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