Shell’s Bold $2 Billion Bet and Oil Price Twist: What’s Next for Shell Stock?
Shell plc shares closed at 2,672 pence in London on October 17, up 3.6% for the week after volatile trading. The company approved a $2 billion offshore gas project in Nigeria and raised its Q3 outlook, with analysts forecasting strong earnings on October 30. Brent crude hovered near $62 a barrel, pressuring valuations, but Shell continued buybacks. Twelve analysts rate the stock “Buy,” with a target near 3,100 GBp.