Shell Plc Share Price Today (25 November 2025): SHEL Slips 0.2% in London as Bonga Deal, Ferrari Pact and Indonesia Fuel Move Grab Attention

Shell Plc’s share price was broadly steady on Tuesday, 25 November 2025, as investors weighed a trio of fresh headlines: a larger stake in Nigeria’s Bonga deep‑water field, a long‑term renewable power deal with Ferrari, and a fuel‑supply agreement in Indonesia – all against a weaker crude oil backdrop.

Shell share price today: how SHEL traded on 25 November 2025

Across Shell’s three main listings, the picture was one of modest moves rather than big swings:

London (LSE: SHEL) – Shell closed around 2,766p, down about 0.2% on the day, with volume just over 8.2 million shares, according to London Stock Exchange data distributed via MarketScreener. ^[1]
Amsterdam (Euronext: SHELL) – The stock finished near €31.62, up roughly 0.1%, trading in a range of about €31.46–€31.95 on turnover close to 4.9 million shares. ^[2]
New York (NYSE: SHEL, ADR) – In US trading, Shell’s ADR changed hands around $73.0, down roughly 0.3%from Monday’s close of $73.23, with an intraday range of about $72.75–$73.60 and volume near 2.9 million sharesby late afternoon. ^[3]

On a longer view, Shell is still comfortably in positive territory for 2025:

The Amsterdam listing shows a year‑to‑date total return of around 9–10% as of 25 November 2025. ^[4]
The London line (SHEL.L) has returned about 11.9% YTD, lagging the FTSE 100’s ~17.6% over the same period. ^[5]
For the US ADR, several data providers put YTD total return around 20–22%, including dividends. ^[6]

At current levels, Shell’s annual dividend of roughly $2.86 per ADR translates into a dividend yield of about 3.9–4.0%, while ongoing buybacks add another ~6% buyback yield, giving a double‑digit “shareholder yield” when both dividends and repurchases are included. ^[7]

1. Bonga stake increase: Shell doubles down on Nigerian deep‑water oil

The most strategically significant headline for Shell on 25 November 2025 came from Nigeria’s offshore sector.

Shell lifts Bonga stake from 55% to 65%

Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell plc, completed a previously announced deal to boost its interest in the OML 118 Production Sharing Contract – home to the Bonga deep‑water field – from 55% to 65%. ^[8]

The transaction slots into a wider reshuffling of ownership around Bonga:

TotalEnergies confirmed it has completed the divestment of its 12.5% non‑operated stake in OML 118 PSC for $510 million, transferring 10% to SNEPCo and 2.5% to Nigerian Agip Exploration. ^[9]
Shell describes the move as “another significant investment in Nigeria deep‑water” and explicitly links it to last year’s final investment decision (FID) on Bonga North, part of its strategy to invest in “competitive existing assets that contribute to sustained liquids production and growth” in its upstream portfolio. ^[10]

Why Bonga matters for the share price

Bonga was Nigeria’s first deep‑water oil field and has been a core part of Shell’s Nigerian portfolio for about two decades. A higher stake:

Increases Shell’s exposure to liquids‑heavy production – helpful for cash flow when oil prices are favourable.
Concentrates project risk, including operational, political and regulatory risk in Nigeria.
Signals that Shell still sees value in traditional oil projects, despite its parallel push into gas and low‑carbon energy.

For equity investors, the deal underpins the “cash machine” narrative around Shell’s upstream business – but also reminds them that the company is not rapidly exiting oil production even as climate pressures rise.

2. Ferrari deal: decade‑long green power supply through 2034

The second big storyline today was very different in flavour: a long‑term renewable power deal with Ferrari.

The Shell–Ferrari power purchase agreement

Shell announced that it has signed a long‑term power purchase agreement (PPA) with Ferrari to supply renewable electricity to the luxury carmaker’s Italian operations until the end of 2034. ^[11]

Key details from today’s coverage:

Shell will deliver a total of around 650 gigawatt hours (GWh) of renewable power over 10 years from a plant it developed. ^[12]
That output is expected to cover almost half of the energy needs at Ferrari’s Maranello plant near Modena. ^[13]
Shell Energy Italia will provide additional electricity and renewable energy certificates so that Ferrari’s entire Italian power demand is met with renewables, helping the carmaker move toward a 90% reduction in Scope 1 and 2 emissions by 2030. ^[14]

Why investors care

Financially, the PPA is not game‑changing for a group of Shell’s size, but it matters for the strategic mix of earnings:

It extends a long‑running partnership with Ferrari, which already includes motorsport collaboration. ^[15]
It showcases Shell’s capability in structured renewable power deals – a growth area as corporates look to lock in green electricity at predictable prices.
It supports Shell’s message that it can grow shareholder returns while managing emissions intensity across its portfolio – even as critics argue the company is not moving fast enough on climate targets. ^[16]

For the share price today, the Ferrari deal is best seen as reputational and strategic support rather than a direct short‑term driver of valuation.

3. Ongoing buybacks: fresh “Transaction in Own Shares” filing

Shell’s relentless share buyback programme also featured in today’s news flow.

New disclosure for 24 November purchases

On Tuesday, a new “Transaction in Own Shares” notice was published via several exchanges and newswires, covering buybacks executed on 24 November 2025. ^[17]

According to the accompanying detailed schedule:

On 24 November 2025, Shell repurchased 754,759 shares on the London Stock Exchange for cancellation.
On the LSE line, the highest price paid was about £27.81, the lowest about £27.60, with a volume‑weighted average price (VWAP) around £27.74 per share. ^[18]

These are just the latest in a sequence of daily buyback disclosures across London and Amsterdam throughout November.

Capital returns remain central to the Shell equity story

Earlier this year, Shell raised its targeted shareholder distributions to 40–50% of cash flow from operations, up from 30–40%, with a heavy emphasis on ongoing share repurchases. ^[19]

With:

A core dividend yield around 3.9–4.0%; and
A buyback yield above 6%;

Shell is effectively returning a double‑digit percentage of its market value to investors each year at current share prices. ^[20]

That aggressive capital‑return profile is one reason why several analysts continue to see the shares as undervalued relative to US supermajors, and why recent commentary has highlighted Shell as a potential long‑term income and value play. ^[21]

4. Indonesia fuel deal: 100,000 barrels from Pertamina

A third operational headline today came from Indonesia’s retail fuel market.

Shell to buy gasoline from Pertamina amid shortages

Reuters reported that Shell’s Indonesian fuel retail arm has agreed to buy 100,000 barrels of gasoline from state energy company Pertamina, according to Indonesia’s deputy energy minister. ^[22]

The backdrop:

Earlier this year, Indonesia capped import quotas for private fuel retailers and required them to import gasoline via Pertamina, contributing to supply shortages at private stations, including Shell’s. ^[23]
The new arrangement will see Pertamina supply Shell, as well as other retailers such as Vivo and BP‑AKR, to stabilise supply. ^[24]

For Shell globally, this is a small operational story, but it matters for:

Maintaining brand reliability in an important emerging market.
Demonstrating Shell’s willingness to work within local regulatory frameworks to secure supply.

5. Short interest and commentary: how the market is positioned

Short interest edges higher – from a low base

A Benzinga analysis published today noted that short interest in Shell’s US‑listed shares has risen by about 17% relative to the previous reporting period, measured as a share of the freely tradable float. ^[25]

The article emphasises that shorts are rising from relatively low levels, indicating more hedging and tactical positioning rather than an outright bearish stampede.

For investors, this suggests a slightly more cautious stance from some traders, possibly reflecting concerns over the oil price backdrop and macro uncertainty heading into year‑end.

Fresh opinion pieces on valuation

Today also saw new retail‑investor commentary. A Motley Fool UK article highlighted that Shell shares are down about 6% from recent highs and “just under £28”, asking whether that makes the FTSE 100 giant a buy at current levels. ^[26]

The writer stresses:

Strong cash flows and capital returns; but
Risks from volatile energy prices and long‑term climate‑policy pressure.

While this is opinion rather than hard news, it reinforces the perception that valuation rather than survival is the main debate around Shell in late 2025.

6. Macro backdrop: oil price slide and upbeat London market

Brent crude slides toward the low $60s

Shell trades today against a notably softer oil price environment:

Brent crude fell to around $61.8 per barrel on 25 November 2025, down roughly 2.5% from the previous day, about 5% lower over the past month, and nearly 15% below year‑ago levels. ^[27]

Recent research has also highlighted a more cautious long‑term outlook:

Analysts at JPMorgan and others have flagged the possibility of average Brent prices drifting toward the high‑$50s by 2027, with more bearish scenarios putting prices in the $30s if supply growth outpaces demand in the second half of the decade. ^[28]

FTSE 100 up, Shell slightly lags

On the equity side, the wider London market had a positive session:

The FTSE 100 closed up about 0.8% at 9,609.53 on Tuesday, helped by strength in banking stocks as investors digested speculation about the UK budget due tomorrow. ^[29]

Shell, by contrast, drifted slightly lower in London, underperforming the index on the day despite the positive corporate headlines. That pattern fits a market that is:

Rewarding interest‑rate and domestically sensitive names; while
Treating integrated oil majors more cautiously, given the recent oil price slide and longer‑term demand questions.

7. What today’s Shell share price means for investors

Putting it all together, here’s how today’s information might be framed from an investor’s perspective (not investment advice):

Supportive fundamentals…

Robust capital returns: A nearly 4% dividend yield plus high‑single‑digit buyback yield continues to underpin total shareholder returns. ^[30]
Upstream strength: The Bonga stake increase reinforces Shell’s focus on high‑margin, existing upstream assets, especially in deep‑water, while Q3 results showed the company still generating tens of billions of dollars in annual profit and free cash flow, even in a lower‑price environment. ^[31]
Growing power and LNG franchise: Deals like the Ferrari renewable PPA and Shell’s long‑term LNG growth guidance emphasise the group’s role as an integrated gas and power major, not just a conventional oil company. ^[32]

…set against real risks

Commodity‑price sensitivity: With Brent sliding toward the low $60s, Shell’s earnings and cash flow remain highly exposed to the oil and gas cycle, even if management aims to keep oil output flat and grow LNG. ^[33]
Policy and ESG pressure: From Nigeria to Indonesia and Europe, Shell continues to operate under intense regulatory and political scrutiny, including climate litigation and windfall taxes in some jurisdictions. ^[34]
Valuation gap vs US peers: Despite a strong 2025 share‑price run, Shell’s multiples and valuation still trail ExxonMobil and Chevron, something CEO Wael Sawan has explicitly flagged as a motivation for more aggressive cost cuts and capital returns. ^[35]

Key things to watch after 25 November 2025

Over the next few weeks and months, Shell shareholders will likely focus on:

Oil and gas prices – whether Brent stabilises in the low $60s, rebounds, or continues to sag.
Execution in Nigeria – how the enlarged Bonga stake translates into volumes, cash flow and any updated guidance from Shell.
Growth of the power business – further PPAs or decarbonisation partnerships similar to Ferrari’s deal.
Continuation of buybacks – the pace of daily “Transaction in Own Shares” announcements and any changes in capital‑return policy at upcoming results or capital markets events. ^[36]

Quick FAQ: Shell Plc share price today (25 November 2025)

1. What is Shell Plc’s share price today on the London Stock Exchange?
Shell Plc (LSE: SHEL) closed around 2,766p, down about 0.2% on Tuesday, 25 November 2025, with roughly 8.3 million shares traded. ^[37]

2. How did Shell’s Amsterdam and New York listings perform today?
In Amsterdam, Shell ended near €31.62, up about 0.1%. In New York, the ADR traded close to $73, down about 0.3%versus Monday’s close of $73.23. ^[38]

3. What were the main Shell news items on 25 November 2025?
Headline news included:

Completion of the Bonga deep‑water stake increase in Nigeria (to 65%). ^[39]
A decade‑long renewable power deal with Ferrari through 2034. ^[40]
A new “Transaction in Own Shares” disclosure detailing fresh buybacks executed on 24 November. ^[41]
An agreement for Shell’s Indonesian retail business to buy 100,000 barrels of gasoline from Pertamina to ease fuel shortages. ^[42]
Commentary on rising (but still modest) short interest in Shell shares. ^[43]

Disclaimer: This article is for information and news purposes only and does not constitute investment advice. Share prices and yields mentioned are based on publicly available data from 25 November 2025 and may be delayed or subject to revision. Always do your own research or consult a regulated financial adviser before making investment decisions.