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    SHEL   GB00BP6MXD84

SHELL PLC

(SHEL)
  Report
Delayed London Stock Exchange  -  11:35 2022-09-30 am EDT
2246.50 GBX   +0.22%
09/30Transaction in Own Shares
GL
09/30European ADRs Move Higher in Friday Trading
MT
09/30Korean Air Signs MOU With Shell To Explore 5-Year SAF Supply From 2026 -- OPIS
DJ
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Shell Working to Fix Leak That Halted Gulf of Mexico Oil Output -- Update

08/11/2022 | 08:15pm EDT

By Dan Molinski


Shell said Thursday it halted activity at several of its offshore oil production platforms in the Gulf of Mexico due to leaky pipelines, but said it expects to have the pipelines fixed by Friday.

"Shell can confirm that the Mars and Amberjack Pipelines have been shut-in due to a flange leak at the Fourchon booster station," it said in an emailed statement, noting about two barrels of oil leaked, and they have been contained. The Fourchon station is on land along the Louisiana coast.

"Shell personnel are repairing the issue," the company added. "We expect to return both pipelines to service tomorrow, Aug. 12."

As a result of halting flows on the pipelines, Shell said its deepwater oil production platforms in the Mars Corridor -- Mars, Ursa and Olympus -- were also shut-in. It didn't indicate when those may restart.

Oil prices showed little reaction to news of the temporary shut-ins, with WTI crude down 0.4% in early Asia trading at $93.95 a barrel. The market closed Thursday's session up 2.6% at a one-week-high $94.34.


Write to Dan Molinski at dan.molinski@wsj.com


(END) Dow Jones Newswires

08-11-22 2014ET

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -3.84% 85.29 Delayed Quote.13.53%
S&P GSCI CRUDE OIL INDEX -2.59% 435.657 Real-time Quote.5.69%
SHELL PLC 0.22% 2246.5 Delayed Quote.38.52%
WTI -2.49% 79.673 Delayed Quote.5.74%
All news about SHELL PLC
09/30Transaction in Own Shares
GL
09/30European ADRs Move Higher in Friday Trading
MT
09/30Korean Air Signs MOU With Shell To Explore 5-Year SAF Supply From 2026 -- OPIS
DJ
09/30Maersk Drilling Wins $37 Million Contract from Shell for Semi-submersible Rig in Brazil
MT
09/29Transaction in Own Shares
GL
09/29Publication of Prospectus Supplement
GL
09/29Publication of Prospectus Supplement
GL
09/29BP, Chevron cut offshore oil production ahead of Hurricane Ian (Sept. 26)
RE
09/29Decklar Resources Closes US$20 Million Debt Finance Facility for Development of Oza Oil..
MT
09/29Shell Steps Up Fossil Fuels Divestment, Acquires Nigerian Firm in First African Renewab..
AQ
More news
Analyst Recommendations on SHELL PLC
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Financials (USD)
Sales 2022 400 B - -
Net income 2022 43 304 M - -
Net Debt 2022 37 115 M - -
P/E ratio 2022 4,23x
Yield 2022 4,00%
Capitalization 180 B 180 B -
EV / Sales 2022 0,54x
EV / Sales 2023 0,54x
Nbr of Employees 82 000
Free-Float 99,9%
Chart SHELL PLC
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Technical analysis trends SHELL PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 25,03 $
Average target price 33,87 $
Spread / Average Target 35,3%
EPS Revisions
Managers and Directors
Bernardus Cornelis Adriana Margriet van Beurden Vice President-Manufacturing Excellence
Sinead Gorman Chief Financial Officer & Director
Andrew Stewart Mackenzie Chairman
Harry Brekelmans Director-Technology & Projects
Yiu Kiang Goh Deputy Chairman
Sector and Competitors
1st jan.Capi. (M$)
SHELL PLC38.52%179 614
SAUDI ARABIAN OIL COMPANY10.15%2 098 466
PETROCHINA COMPANY LIMITED-7.20%125 414
TOTALENERGIES SE8.17%119 595
EQUINOR ASA51.80%105 046
GAZPROM-42.32%77 382