Shell Shares Hit All-Time High, Boosted by Brent at $115
On Monday, Shell PLC reached a historic high of 40.71 euros during the trading session, surpassing its previous record of 40.39 euros set on March 19, 2026. The stock is up 1.39% from Friday's close amid heightened tensions in the oil markets due to military escalation in the Middle East.
Monday's session is marked by a major shock in the energy markets. Brent crude crossed the $115 threshold, showing a nearly 10% increase from Friday's close, in direct response to the Houthi's entry into the war, supported by Iran, and the deployment of American military reinforcements in the region. Fears of significant disruptions to global crude supply are fueling this surge in prices. Shell PLC, one of the world's leading oil and gas groups, is fully benefiting from this situation. The stock is now up 30.8% over three months and 21.23% over a year. The entire European energy sector is trending upwards: TotalEnergies is up 1.91% in session and Engie advances by 1.98%. The CAC 40 is slightly up by 0.16% at 7,714.07 points, while the FTSE 100 is down by 0.34%. Attempts at calming the situation conveyed through Donald Trump's messages on Truth Social have, at this stage, not been sufficient to temper the tension in the energy markets.
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Technically, surpassing the previous all-time high of 40.39 euros is a significant signal. The stock is now trading above its identified resistance at 40.20 euros, in the upper part of the Bollinger Bands (upper limit at 41.31 euros). However, the RSI at 76 indicates that the stock is in an overbought zone, a level that reflects a strong upward momentum but historically can precede consolidation phases. Moreover, Monday, March 30, also marks the dividend payment date for Shell PLC. The next key date for investors is the release of the first quarter 2026 results scheduled for May 7, followed by the annual general meeting on May 19. The detachment of the next dividend on ordinary shares is scheduled for May 21.
« Our cash capital expenditure for the full year 2026 is expected to be $23-$25 billion. »
Risks mentioned
Middle East conflict impact on Qatari volumes, reducing total oil and gas production by 17% year-on-year for nine months
European biogas asset impairment of $2,098 million (identified items in nine months 2026) reflecting revised market expectations
Identified items totalling $1,201 million net loss for nine months 2026, including impairments and fair value movements on derivatives
Opportunities identified
ARC Resources acquisition adds approximately 370 kboe/d immediately upon completion on September 2, 2026
LNG Canada Phase 2 investment decision taken with expected commercial operations in early 2030s, expanding capacity to 28 mtpa
Multiple strategic divestments generating proceeds ($3.5 billion in nine months 2026) to support capital discipline and debt management
Outlook / guidance
Management commentary: Our cash capital expenditure for the full year 2026 is expected to be $23-$25 billion
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
