Shell (SHEL)

Sector:

Energy Producers

Index:

FTSE 100

2,818.50p
   
  • Change Today:
      11.00p
  • 52 Week High: 2,946.00p
  • 52 Week Low: 2,264.50p
  • Currency: UK Pounds
  • Shares Issued: 6,329m
  • Volume: 1,068,738
  • Market Cap: £178,387m

Apple, Airbus join growing list of firms cutting ties with Russia

By Frank Prenesti

Date: Wednesday 02 Mar 2022

LONDON (ShareCast) - (Sharecast News) - The list of companies cutting ties with the Russian regime grew on Wednesday, with Apple, Airbus, Boeing and Exxon all responding to Moscow's unprovoked invasion of Ukraine.

Apple, which is notorious for not making any political statements for fear of losing sales, surprisingly broke its silence, and said it would pause all product sales in Russia.

"We are deeply concerned about the Russian invasion of Ukraine and stand with all of the people who are suffering as a result of the violence," Apple said in a statement overnight.

In a range of actions included halting all exports into its sales channels in the country. Apple Pay and other services have been limited, and that Russian state media, RT News and Sputnik News, are no longer available for download from the Apple Store outside Russia.

Ukrainian officials have urged tech giants to act and stop the spread of false information from Russian state-backed outlets.

"In 2022, modern technology is perhaps the best answer to the tanks, multiple rocket launchers and missiles," said the Ukraine vice-prime minister and minister of digital transformation, Mykhailo Fedorov, in a letter to Apple chief executive Tim Cook.

The prime ministers of Poland, Lithuania, Latvia and Estonia also sent a joint letter to the chief executives of Google, Facebook and Twitter last week.

Meanwhile, Airbus said it had stopped support and supply of spare parts for Russia's aviation industry.

"In line with international sanctions now in place, Airbus has suspended support services to Russian airlines, as well as the supply of spare part to the country.

"Services provided by the Airbus Engineering Centre in Russia have also been suspended pending further review."

Airbus rival, the US aviation giant Boeing, said it had suspended "major operations" in Moscow and temporarily closed its office in Ukraine's capital Kyiv.

"We are also suspending parts, maintenance and technical support services for Russian airlines," a Boeing spokesperson told the BBC.

In the critical energy sector, ExxonMobil said it would now exit its Russian oil and gas operations, which have been valued at more than $4bn (£3bn), and halt new investments in the country. It followed similar moves by BP, Shell and Equinor.

"We deplore Russia's military action that violates the territorial integrity of Ukraine and endangers its people," ExxonMobil said in a statement.

"We are deeply saddened by the loss of innocent lives and support the strong international response," it added.

ExxonMobil currently operates and holds a stake in the Sakhalin Island oil and gas fields, alongside Rosneft and companies from Japan and India.

On Monday, energy major BP said it would offload its 19.75% stake in Rosneft after Russia's "act of aggression in Ukraine". Shell swiftly followed suit, ending all of its joint ventures with the Russian energy company Gazprom. This includes quitting the flagship Sakhalin II facility, which is partly owned and operated by Gazprom.

Norwegian oil producer Equinor also said it would start the process of divesting from its joint ventures in Russia.

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Shell Market Data

Currency UK Pounds
Share Price 2,818.50p
Change Today 11.00p
% Change 0.39 %
52 Week High 2,946.00p
52 Week Low 2,264.50p
Volume 1,068,738
Shares Issued 6,329m
Market Cap £178,387m

Shell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.81% above the market average76.81% above the market average76.81% above the market average76.81% above the market average76.81% above the market average
92.21% below the sector average92.21% below the sector average92.21% below the sector average92.21% below the sector average92.21% below the sector average
Price Trend
70.65% above the market average70.65% above the market average70.65% above the market average70.65% above the market average70.65% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income
69.76% above the market average69.76% above the market average69.76% above the market average69.76% above the market average69.76% above the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
2.69% below the market average2.69% below the market average2.69% below the market average2.69% below the market average2.69% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% 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 26-Jun-2024

Time Volume / Share Price
10:07 250 @ 2,818.25p
10:07 355 @ 2,818.24p
10:07 20 @ 2,818.50p
10:07 254 @ 2,818.50p
10:07 470 @ 2,818.50p

Shell Key Personnel

CFO Sinead Gorman
CEO Wael Sawan

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