SHEL News & Events

The U.S. will allow Iran to immediately begin selling oil and fuel under the deal to end the war, Dov Lieber, Summer Said and Alexander Ward of Wall Street Journal report, citing people familiar with the agreement. The waiver of sanctions takes effect immediately upon signing the agreement this week and also covers services including banking, transportation and insurance needed to facilitate the sales, sources told the Journal. Publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).

Shell Recharge and Sinexcel officially signed a memorandum of understanding, or MoU, and inaugurated the Shell Recharge-Sinexcel joint laboratory in Shenzhen, marking a new milestone in their collaboration to advance next-generation EV charging technologies and sustainable energy solutions. The agreement was signed by Evan Li, chief engineer of Shell E-Mobility China, and Kecheng Guo, General Manager of Sinexcel's EV charging solutions, in the presence of senior executives from both companies. This partnership merges Shell's global operational expertise with Sinexcel's power electronics capabilities.

The major averages were broadly higher near noon amid one of the most hotly-anticipated IPOs of all time as Elon Musk's SpaceX goes public. The market is also being driven by a combination of easing geopolitical fears, a sharp decline in oil prices, and continued enthusiasm around AI-related stocks.Meanwhile, President Trump indicated that an Iran peace agreement could be signed as soon as this weekend, causing crude oil to tumble below $90 per barrel. Lower oil prices are helping calm inflation fears after this week's hotter-than-expected CPI and PPI reports. Markets are betting that if energy prices continue falling, some of the inflation pressure could ease in coming months.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXopened at $150 after its, making Elon Musk the world's first trillionaire in the processAdobeprovided areport for Q2Astera Labs, CoreWeave, Nebius, Rocket Lab, and Terodynehave been, while Charter, Cognizant, Insmed, Verisk, and Zscalerhave been removed from the indexLennarreportedShellannounced a pause in its2. WALL STREET CALLS:AMDto Buy at CitiAdobeat Stifel, Wolfe and Evercore after annual recuring revenue outlook resetKratos Defenseto Overweight at JPMorganTravelersto Underweight at BarclaysSailPointto Neutral at BofA3. AROUND THE WEB:Amazon'snewly launched national LTL network provides a strong economy-tier freight platform, but acquiring Forward Aircould quickly add a premium expedited offering, FreightWaves saysMetahas completed an operational split from Manus and halted data sharing between the two companies, Bloomberg saysNvidiaand Abridge, maker of an AI note-taking app for doctors, are training an AI model for clinical conversations using de-identified data and Nemotron models, WSJ reportsSpotifyhas removed tens of thousands of fake podcasts that promoted illegal online pharmacies following media scrutiny and an investigation by Senator Maggie Hassan, but the findings have raised concerns about the platform's ability to proactively identify and remove harmful content before it reaches users, CNN saysGoogleis in talks with Samsungto manufacture a memory input-output die for Icefish, its 10th-generation TPU, and TSMCwill make the computing engine, The Information reports4. MOVERS:Rezolvegains in New York after announcing aand its board moved to approve a capital reductionForward Airincreases afterthe company could be a "complementary fit" for Amazon'sLTL offeringNokiahigher in New York after JPMorganon the stock to $21 from $14Richtech Roboticsfalls after an audit committee said the company willfor FY24 and FY25Carvanadeclines after RBC Capitalto $85 from $925. EARNINGS/GUIDANCE:51Talk Online Education, with EPS lower year-over-yearLaser Photonicswith CEO Wayne Tupuola commenting, "Q1 was a period of decisive strategic and financial progress"Zedge (ZDGE), with EPS and revenue higher year-over-yearFriedman Industriesand provided guidance for Q1RHprovided guidance for Q1, and raised its outlook for FY26INDEXES:Near midday, the Dow was up 0.60%, or 303.09, to 51,151.84, the Nasdaq was down 0.03%, or 7.10, to 25,802.56, and the S&P 500 was up 0.26%, or 19.27, to 7,413.57.

Shell is preparing a potential sale of its offshore wind portfolio, valued at more than $1B, as part of its continued shift away from renewable energy investments and toward higher-return fossil fuel businesses, with a formal sale process expected to begin as early as late 2026 and conclude in 2027, Bloomberg's William Mathis and Vinicy Chan report, citing people familiar with the matter.