Key facts: Jackdaw Approved; LSE:SHEL Buybacks and Q3 Estimates

Shell has set a new benchmark for product tanker charters with a one-year deal in Singapore, reaching a record $45,000 per day. Karrie Trauth, head of Shell’s shipping and maritime division, is involved in the agreement. This development highlights the current state of the tanker charter market.

Shell PLC (SHEL) and ExxonMobil are selling their chemicals joint venture, Infineum, for ~$8B. Shell's dividend yield is 3.0% with a 31% payout ratio and 7.8% growth rate. SHEL's GF Score is 72/100, indicating strong financial health but moderate growth. 16 gurus hold SHEL, with mixed recent activity.

Shell and ExxonMobil's joint venture, Infineum, is exploring an $8B sale, according to the Financial Times. The specialty chemicals company, which generates $700M-$800M in annual EBITDA, has engaged Bank of America to run the sale process, targeting private equity buyers.

Shell (SHEL) and ExxonMobil (XOM) are exploring the sale of their joint venture, Infineum, for $8B, according to the Financial Times. The companies aim to refocus on their core oil and gas operations.

Infineum, a 50:50 joint venture of Shell (SHEL) and ExxonMobil (XOM), has selected Bank of America to explore a sale of the business, targeting an $8B valuation. The process has reportedly launched, with private equity bidders potentially interested, according to FT sources.

The U.K. government approved the Jackdaw natural gas project off Scotland's coast, citing energy security benefits. Production is expected to start this year, contributing 5% to U.K. gas output. Environmental groups oppose the project, arguing it conflicts with climate goals. The decision follows a court ruling that previously stalled the project. The Jackdaw field is developed by Adura, a Shell-Equinor joint venture.