Shell to Pause Kazakh Oil and Gas Investments

Shell stock: What to watch after PwC audit switch and Kazakhstan warning as buybacks roll on

Shell shares closed up 0.18% at 2,774.5 pence in London on Friday. The company named PwC as auditor from 2027, replacing EY after compliance issues. CEO Wael Sawan said Shell will pause new investments in Kazakhstan due to legal disputes. Shell also disclosed further share buybacks this week. The post Shell stock: What to watch after PwC audit switch and Kazakhstan warning as buybacks roll on appeared first on TechStock².

Shell Pauses New Kazakhstan Investments Amid Mounting Legal Disputes

London, Feb 6 (Reuters) — Shell plc said on Friday it will halt further new investments in Kazakhstan as ongoing legal battles with the Central Asian nation over cost disputes cloud the outlook for its major oilfield projects.  Chief Executive Wael Sawan told analysts during a quarterly results briefing that while Shell still sees “potential investment opportunities in Kazakhstan,” the company will **hold off on committing new capital until ther…

Shell to Pause Kazakh Oil and Gas Investments

Shell will pause investment in Kazakhstan as it navigates legal claims from the OPEC nation against oil majors that could stretch into the billions of doll...