Shell Stock Plunges 2.01% to 2023 Low on Gas Production Drop
Mover TrackerWednesday, Apr 9, 2025 8:33 pm ET
1min readShell's (SHEL) stock price experienced a significant decline today, falling to its lowest level since July 2023, with an intraday drop of 2.01%.
Shell's stock price has been influenced by several factors recently. One of the primary reasons for the decline is the company's announcement of lower first-quarter gas production due to unplanned maintenance. This news led to a 2.8% drop in Shell's U.S. shares, reflecting investor concerns over the company's operational efficiency and production capabilities.
On a more positive note,
announced its latest share buyback activity on April 9, 2025. The company purchased 2.1 million shares as part of its ongoing repurchase program, which is set to continue until April 25, 2025. This move is aimed at increasing investor confidence and reducing the number of shares available in the market, which could potentially support the stock price in the long run.Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
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