1007 GMT - Shell has a strong balance sheet and no real short-term need for cash, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write after an unconfirmed report that the U.K. energy major is considering selling a stake in its LNG Canada project. A sale would seem slightly odd given the asset is one of Shell's flagship projects, they write. Anyone buying the stake would likely take over operating the asset, they add. The sale raises questions as to what Shell could use the proceeds for, they say. They aren't convinced selling assets in a bid to maintain its buyback will appeaseinvestors, particularly since demand for oil and gas in coming years is widely expected to be more resilient than initially anticipated, they write. Shell's shares fall 0.75% to 2,732 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

January 19, 2026 05:07 ET (10:07 GMT)

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