1008 GMT - Shell remains the most resilient Big Oil company and is best equipped to withstand lower-for-longer oil prices, Bank of America analysts write. This is despite a weak second-quarter trading update which will likely result in consensus downgrades, they write. However, Shell's portfolio restructuring will help it to recover from this blip, they say. It will benefit from higher LNG volumes from Canada, as well as from its Pavilion acquisition. It also has flexibility in its operational and capex budgets, they say. Shell will have more than $1 billion in net inorganic proceeds due before year-end, as well as more working capital reversals, they add. Shares trade up 0.6% 2,567.50 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
July 08, 2025 06:08 ET (10:08 GMT)
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