Market Update

Shell’s stock price has increased due to rising oil prices, which have been influenced by the escalation of military conflicts between Israel and Iran. This development has positively impacted oil values for companies such as Shell, Total and BP.

Key Factors Contributing to the Increase

• Rising oil prices due to military conflicts between Israel and Iran
• Positive impact on oil values for companies like Shell, Total and BP

Company Developments

Shell’s CEO has highlighted the attractiveness of their LNG Canada project, citing the lower Canadian Alberta Energy Company (AECO) price index as a benchmark. The company has also been actively purchasing its own shares for cancellation.

Share Buyback Program

• Shell has been purchasing its own shares for cancellation
• No further details on the share buyback program have been disclosed