Shell Plc (SHEL) Stock in December 2025: Buybacks, Debt Swap and Oil Glut Fears Shape the 2026 Outlook
Shell shares are trading near 52-week highs, with U.S. ADRs at $75.12 and London shares just under £29. On December 4, Shell announced a $6.3 billion debt exchange, consolidating legacy bonds under a single U.S. financing arm. Q3 2025 adjusted earnings reached $5.4 billion, down 10% year-on-year but above analyst expectations.