Shell And PetroChina To Develop Phase 2 Of Surat Gas Project: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2024
0mins
Should l Buy SHEL?
Source: Benzinga
Arrow Energy's Surat Gas Project: Shell and PetroChina's joint venture, Arrow Energy, is set to develop Phase 2 of the Surat Gas Project in Queensland, Australia, aiming for peak production of 22,400 barrels of oil equivalent per day by 2026 to supply Shell's QCLNG facility.
Shell's Financial Performance: Shell's stock has increased by approximately 16% over the past year, closing at $71.88, while the company continues to manage operational costs related to its South African refinery sale.
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Analyst Views on SHEL
Wall Street analysts forecast SHEL stock price to fall
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 91.120
Low
41.75
Averages
74.27
High
91.00
Current: 91.120
Low
41.75
Averages
74.27
High
91.00
About SHEL
Shell plc is an international energy company engaged in the principal aspects of the energy and petrochemical industries. The Company's segments include Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. The Integrated Gas segment includes liquefied natural gas (LNG), conversion of natural gas into gas-to-liquids (GTL) fuels and other products. It includes natural gas and liquids exploration and extraction, and the operation of the upstream and midstream infrastructure. The Upstream segment includes exploration and extraction of crude oil, natural gas and natural gas liquids. It also markets and transports oil and gas and operates the infrastructure necessary to deliver them to the market. The Marketing segment comprises the Mobility, Lubricants, and Sectors & Decarbonization businesses. The Chemicals and Products segment includes chemicals manufacturing plants with their own marketing network, and refineries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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