$SHEL

Việt Nam is focusing on economic diplomacy to secure energy supplies amid declining domestic oil and gas production. The country is seeking international partnerships, diversifying supplies, and cooperating on technology. Recent agreements with Shell, Chevron, ExxonMobil, and others aim to secure long-term energy supplies. The new Petroleum Law and strategic initiatives are part of this effort to ensure energy security.

Blackstone and Canadian pension investors committed $3.1 billion to Shell's LNG Canada project. They acquired a 49.9% stake in Mitsubishi's holding company, which owns 15% of LNG Canada. Shell retains its 40% stake. The investment supports LNG Canada's expansion, doubling capacity to 28 million tonnes annually.

Shell plc announced it purchased 1,942,000 shares for cancellation on Nov. 5, 2026, across six trading venues. The purchases were part of the company's share buy-back program announced on Oct. 29, 2026. BNP Paribas and Natixis will manage the on-market and off-market limbs, respectively, until Jan. 29, 2027. The program follows EU and UK market regulations.

Karnataka government alleged that Indian Oil Corporation (IOCL), Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), Nayara, Shell, and Mangalore Refinery (MRPL) supplied petrol with ethanol content exceeding 20%, with IOCL and HPCL samples showing 31.2% and 30.5% respectively. The state seeks action against these companies, compensation for consumers, and mandatory display of ethanol blend percentages at fuel stations.

Shell reported Q3 adjusted earnings of $10.8B, driven by strong refining margins and higher gas prices. CFFO reached $21B. CEO Wael Sawan cited operational focus. The company announced a $5B share buyback program. Earnings growth came from chemicals, products, and integrated gas segments. Shell maintained a gearing ratio of 16.6% and kept its capital expenditure forecast within $23B-$25B.

Shell agreed to sell its 16.67% stake in Australia's North West Shelf project to XRG P.J.S.C. for $1.45B (plus milestone payments), with the deal expected to close in 2027. Shell's Integrated Gas President Cederic Cremers stated the sale aligns with their focus on capital allocation and integrated gas positions. Shell will maintain other Australian operations and plans to grow LNG sales by 4-5% annually through 2030.

Shell Lubricants Egypt partnered with TAQA Petroleum to expand its distribution network in Egypt. The deal will make Shell's lubricants and coolants available at TAQA service stations nationwide. Shell's products include lubricants for passenger cars, motorcycles, and heavy-duty vehicles, as well as cooling solutions. In September, TAQA Arabia approved a EGP 1.4 billion investment for a petroleum storage depot in Greater Cairo.

Shell plans to invest US$150 million for six offshore exploration blocks in the Canada Basin, near Newfoundland & Labrador, according to Shell CEO Wael Sawan. The move highlights Shell's focus on high-potential frontier areas for future energy resources. The investment underscores Shell's commitment to exploration despite broader industry challenges. The Canada Basin is seen as a promising region for potential oil and gas discoveries.

Shell Trading agreed to a long-term supply deal with GreenSky Manara for low-carbon fuels, including SAF, at a Moroccan facility. The fuel will be produced from waste fats and used cooking oil. The agreement supports Shell's push for supply diversity in low-carbon fuels.

Shell Lubricants Egypt and TAQA Petroleum, a TAQA Arabia subsidiary, partnered to expand Shell's lubricant and coolant distribution through TAQA's 72 service stations in Egypt. The agreement includes Shell's products for various vehicle types. Shell Lubricants is a division of Shell, while TAQA Arabia operates in energy and utilities sectors.