Shell shares rose about 1.8% as Brent crude topped $92 a barrel, while the company reportedly weighs offers for U.S. chemical assets.
Shell (NYSE:SHEL), the integrated energy and LNG group, climbed about 1.8% to $93.07 on Tuesday as Brent crude jumped more than 2% to around $92.66 a barrel. Renewed Middle East fighting pushed supply fears and oil's geopolitical premium back into the market.
On the portfolio side, Shell is reportedly considering offers for U.S. chemical assets worth as much as $8 billion. A Reuters Breakingviews analysis estimated the company invested roughly $25 billion across chemicals, including $14 billion in Pennsylvania's Monaca complex. The division generated a negative 2% return on invested capital in 2024.
An $8 billion sale would recover just 32% of that historical investment. Shell's latest quarter delivered $21.4 billion in operating cash flow and $17.5 billion in free cash flow, giving management room to reject a low price.
Oil prices and energy shares can move sharply on geopolitical events, and a potential asset sale is not confirmed. Past results do not guarantee future outcomes.
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