Shell stock gains 1.20 percent as LNG Canada expands
Published on 09/29/2026 at 09:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Shell stock gained 1.20 percent to GBp 3,654.50 on the London Stock Exchange on September 29, 2026, with the latest quote sitting below the 52-week high of GBp 3,681.50. The immediate company catalyst was Shell's final investment decision to double LNG Canada production capacity, announced by Shell Global on September 29, 2026.
LNG Canada expands its role
The project is located in Kitimat, British Columbia, and the decision is intended to double production capacity at the facility. For Shell, the move adds a concrete growth step to its integrated gas strategy and increases the importance of LNG in the portfolio.
That expansion follows a strong second quarter. In its Q2 2026 results released on July 30, 2026, Shell Global reported adjusted earnings of USD 9.8 billion and operating cash flow of more than USD 21 billion. The company also said LNG Canada had shipped more than 100 cargoes and reached full capacity during the quarter.
Analysts keep targets above the quote
The latest market view remains constructive but not uniform. MarketBeat reported on September 26, 2026, that UBS reaffirmed a neutral rating, while the broader consensus target stood at GBp 3,775.
MarketScreener reported on September 14, 2026, that Jefferies retained a Buy rating and a GBp 4,500 target. Compared with the GBp 3,654.50 quote, that target is 23.13 percent higher, while the consensus target is 3.30 percent higher.
Shell stock stays near its yearly high
The LSE quote was GBp 3,654.50, versus a prior close of GBp 3,611.00, while the session range ran from GBp 3,632.00 to GBp 3,681.50. The 52-week range of GBp 2,553.77 to GBp 3,681.50 places the stock 0.73 percent below its yearly high.
Shell's Q2 figures give the expansion a financial backdrop: adjusted earnings of USD 9.8 billion and operating cash flow above USD 21 billion provide the reference points for assessing whether new LNG capacity can support returns through changing energy prices.
Shell stock snapshot
- Company: Shell plc
- Ticker: SHEL
- Trading venue: London Stock Exchange
- Price (as of September 29, 2026): GBp 3,654.50, last traded
- Prior close: GBp 3,611.00
- Daily change: 1.20 percent
- Volume: 6,310,000 shares
- 52-week range: GBp 2,553.77-3,681.50
- Sector / Industry: Energy / Oil and Gas
