Shell Sells 20% Stake in Offshore Brazil Orca Project to Kuwaiti Firm

Why Is Shell Stock Gaining Tuesday? - Shell (NYSE:SHEL)

Shell PLC stock rose after disclosing sale of 20% stake in Brazil's Orca project to Kuwait's KUFPEC. Shell maintains 50% interest.

Shell sells 20% stake in offshore Brazil Orca project to Kuwaiti firm

Shell has agreed to sell a 20% stake in its Orca project offshore Brazil to Kuwait Foreign Petroleum Exploration Company (KUFPEC), the oil major said on Tuesday.

Shell to sell 20% Orca Project stake to Kuwait's KUFPEC

Shell’s subsidiary ShellBrasil Petróleo has entered into an agreement with the Kuwait Foreign Petroleum Exploration Company (KUFPEC) to divest a 20% interest in the Orca Project.

Kuwait buys 20% stake in Brazilian oil project from Shell

Kuwait Foreign Petroleum Exploration Company will acquire a 20 percent stake in the Orca offshore project in Brazil from UK-based energy company Shell. The Kufpec stake acquisition is subject to regulatory clearance in Brazil, the state-owned Kuwait News Agency reported. Orca is a deep-water project in the pre-salt Santos Basin, with a capacity of 120,000 barrels of oil per day. The first shipment is expected in 2029.  Pre-salt fields host oil r…

Shell stock jumps after Brazil Orca stake sale, with Q4 results next in focus

New York, February 4, 2026, 03:41 EST — Market closed Shares of Shell Plc listed in the U.S. climbed on Tuesday, with the last price recorded at $77.63. The oil giant announced plans to offload a 20% stake in its Orca offshore Brazil project to Kuwait Foreign Petroleum Exploration Company (KUFPEC). The deal arrives just as investors prepare for Shell’s earnings on Thursday, with oil prices back in focus and dividend policies under the microscope…