Shell, Kazakhstan
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Shell plc (NYSE:SHEL) is one of the Best Value Stocks to Buy for the Long Term. On March 2, Citi raised the firm’s price target on the stock to 2,950 GBp from 2,700 GBp and maintained a Neutral rating.
Talks to rescue Brazilian sugar and ethanol producer Raizen collapsed after co-owners Shell and Cosan failed to agree to a plan to raise capital.
The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.
Upstream reported last September that Shell was eyeing the divestment of its one-sixth interest in the NWS project, which could be worth more than US$3 billion, and Bloomberg on Wednesday named two potential buyers.
Venture Global shares jumped more than 8% on Tuesday, hitting their highest level since October 10, after a New York court rejected Shell's bid to overturn an arbitration award in the U.S. LNG developer's favor.
Paramount President Jeff Shell did not join Monday's conference call to discuss the company's merger with Warner Bros. Discovery.
SHEL plans a $668M lifeline for Raizen as rescue talks collapse, raising stakes in Brazil's sugar-ethanol giant and reshaping the joint venture's future.
Embattled Brazilian sugar and ethanol producer Raizen could end up under the control of London-listed oil major Shell after rescue talks that included joint venture partners and creditors collapsed,