NEW YORK, Feb 2, 2026, 03:06 EST — Market closed.
- Shell (SHEL) closed Friday down 0.6% at $77.03; last after-hours trade was $76.97
- Brent and WTI crude slid nearly 5% on Monday; OPEC+ kept March output unchanged
- Shell reports Q4 results and an interim dividend on Feb. 5, with the buyback timeline in focus
Shell Plc’s U.S.-listed shares are back in focus before the opening bell on Monday after oil prices slid nearly 5% on signs of easing tensions between Washington and Tehran.
Shell’s U.S.-listed ADRs (SHEL) closed on Friday down 0.6% at $77.03, about $1 below a 52-week high of $78.17, and were last at $76.97 in after-hours trade. With the market shut over the weekend, that is the reference point going into Monday’s open.
This week brings a hard catalyst. Shell said it will publish fourth-quarter results and a 2025 interim dividend announcement on Feb. 5, and host an analyst webcast later that day, while aiming to finish a $3.5 billion buyback before the results.
Brent crude futures, the global benchmark, were down $3.38, or 4.9%, at $65.94 a barrel by 0528 GMT; U.S. West Texas Intermediate (WTI) fell $3.33, or 5.1%, to $61.88. Priyanka Sachdeva, an analyst at Phillip Nova, blamed part of the drop on a firmer dollar, which can weigh on demand by making oil pricier outside the United States. IG market analyst Tony Sycamore called the shift an “encouraging step back from confrontation”, stripping out the geopolitical risk premium — the extra price traders pay for supply risk — and triggering profit-taking. Reuters
OPEC+, the producer group that includes OPEC and allies led by Russia, agreed on Sunday to keep output unchanged for March. Rystad Energy’s head of geopolitical analysis Jorge Leon said the lack of guidance beyond March was significant, with the group keeping “all options firmly on the table”. The producers are scheduled to meet again on March 1. Reuters
For Shell and peers such as BP, lower crude can filter quickly into sentiment about cash flow and payouts, even though the company sells much of its oil and gas on long-term terms. The move in oil also comes days before Shell reports, leaving investors recalibrating what they expect management to say about shareholder returns.
The next session will test whether Monday’s slide in crude sticks or snaps back on headlines from Washington and Tehran. Traders will also watch the dollar and broader commodity markets, which have been swinging sharply.
But this trade can turn fast: renewed tension in the Gulf or an unexpected supply disruption could lift oil and blunt pressure on energy stocks. A deeper drop, meanwhile, would put more weight on buybacks and dividends as support.
For Shell investors, Feb. 5 is the next fixed date. The results and dividend call will be the first company update after the latest move in oil, and will set the tone for the rest of the week.
