European Oil, Gas Sector Sentiment Hit by Shell Update -- Market Talk

Dow Jones
Jul 07

0916 GMT - Shell's update is likely to weigh on sector sentiment, RBC Capital Markets analysts Biraj Borkhatari and Adnan Dhanani write. Sentiment for firms with portfolio trading divisions will be particularly hit, they write. This is after Shell warned of a significantly lower trading and optimization result in its core integrated gas division. Shell shares fall 3% to 2550.5 pence while BP falls 1.8% to 372.1 pence. France's TotalEnergies is down 1.4% to 52.25 euros, Italy's Eni sheds 0.9% to 13.89 euros and Spain's Repsol drops 0.4% to 12.37 euros. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

July 07, 2025 05:16 ET (09:16 GMT)

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