Shell stock advances 1.99 percent on Aphrodite gas deal

Shell stock (ISIN GB00BP6MXD84) stood at GBp 3,580.00 on the London Stock Exchange on September 24, 2026, up 1.99 percent. The move followed an agreement on gas supply terms for Shell's Aphrodite field in Trinidad and Tobago, as Reuters reported on September 23, 2026.

Aphrodite clears its pricing hurdle

Shell and Trinidad's National Gas Company resolved a pricing dispute that had delayed development of the offshore field. First production is expected in Q2/2027, giving the project a defined operating milestone after the agreement.

The commercial terms also carry a quantified comparison. NGC Chairman Gerald Ramdeen told Reuters that the revised agreement brought 400 percent more value to NGC than the terms previously under discussion.

Q2 cash flow supports capital plans

Shell's Q2/2026 adjusted earnings were USD 9.8 billion, while operating cash flow exceeded USD 21 billion, according to Shell. The combination gives the Aphrodite development a stronger financial backdrop than a project viewed only through its production date.

Management kept 2026 cash capital expenditure guidance at USD 24 billion to USD 26 billion and highlighted more than USD 21 billion of Q2 operating cash flow in the earnings discussion published by Yahoo Finance.

Results date adds a clear checkpoint

Shell will release its Q3/2026 results and interim dividend announcement on October 29, 2026, at 7:00 a.m. GMT, according to the company's Shell announcement dated September 24, 2026. That date will put the Aphrodite milestone alongside fresh operating figures and capital-allocation information.

Shell stock gains on September 24

Shell stock stood at GBp 3,580.00 on the LSE on September 24, 2026, with a daily gain of 1.99 percent. The price reaction links the Aphrodite agreement to a wider investor assessment of Shell's project pipeline and cash generation.

More news and analyses on Shell stock