1037 GMT - Shell's updated strategy of cutting costs and increasing shareholder returns will make it more attractive to investors, AJ Bell Investment Director Russ Mould writes. The update could widen the oil major's valuation gap with British rival BP, he says. Oil and gas assets remain energy firms' profit engines and increasing production will allow Shell to make more money today rather than wait for future profits from energy-transition assets, Mould adds. Shares trade up 1.9% at 2,776.00 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 06:37 ET (10:37 GMT)
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