Shell stock jumps after Brazil Orca stake sale, with Q4 results next in focus
Shell’s U.S. shares rose 2.5% Tuesday after it agreed to sell a 20% stake in Brazil’s Orca project to Kuwait’s KUFPEC, retaining operatorship and a 50% stake. The deal, expected to close by late 2026, comes ahead of Shell’s Feb. 5 earnings, with investors watching for updates on buybacks and dividends.