Shell Drops After Oil Slides and Buyback Halt Hits Sentiment

Shell Drops After Oil Slides and Buyback Halt Hits Sentiment

Shell shares slid 0.32% to 3,071p in London, extending Monday’s 4.35% drop, as Brent crude hit a three-month low and investors reacted to Shell’s paused $3 billion buyback amid its pending ARC Resources deal; the buyback pause removes a near-term support for the stock, while falling oil prices threaten cash flow and shareholder returns. The post Shell Drops After Oil Slides and Buyback Halt Hits Sentiment appeared first on TechStock².