Shell Shares Rise on Brent Above $97 and Over $21B Cash Flow
Shell shares rose 1.32% to 34.83 as Brent crude moved above $97 per barrel amid escalating Middle East tensions. Second-quarter results showed $9.8 billion in adjusted earnings and more than $21 billion in operating cash flow, with net debt down to about $42 billion. Management also started a new $3 billion share-buyback, while risks from conflict could squeeze LNG volumes and raise shipping costs.