So does Shell get any upside from the US seizure of Venezuela? We know the area and assets well. Maybe Shell, along with other majors, got a silent under-table tip from an Administration bent on a takeover of the Americas. But good for business?
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@az or maybe it will take just long enough to grow and expand production, just in time to see the Permian really start to falter on decline. I'm genuinely not sure that the cheap supplies are still as plentiful as we in the USA like to believe, let alone in nearby locations that can be reached by personal watercraft.
Shell has an LNG plant next door to Venezuela, in Trinidad-Tobago. Surely we can do some horizontal drilling into a giant Venezuela gas field and fill up our LNG plant. Especially if it doesn't require our exploration slackers to find the gas.
You clowns must be new here, everyone uses the pentagon pizza meter to trade conflict stocks and commodities. https://www.pizzint.watch/
Currently pointing to possible further Iran activity who knows
@fx I see what you mean. So what are investors expecting?
- Shell gets compensated for its expropriated assets. It gets to redeem it worthless vouchers for worthless Venezuelan Bs. Or the PDVSA/Finanzas/BCV need to give up its precious USD reserves in payment.
- Shell is given back its rights to operate (or to bid) on a field. Would Shell actually accept and operate? I mean, work for a corrupt military dictatorship and the illegitimate successors to Chavez? Work with the most incompetent and one of the most corrupt oil companies in the world? Benefit from a gr---o invasion?
Blackrock would throw a fit! Shell's ESG score would go completely to sh-t! Shell would have to relinquish its non-transferrable service contracts and sell its hard assets in the ultimate virtue signal. And think of the Millenials and Gen Z's! How is Shell going to attract the next generation of inexperienced drones and posers to replace the experienced and savvy workers that are CONSTANTLY being shown the door? How can Shell possibly tweak its statement of values to please them? Will Shell have to hire more white guys? - Venezuela implements generous tax credits so that Shell can deploy its unique expertise in energy transition by putting EV charging stations and windmills across Venezuela? Or dig another hydrogen money pit like the one in Rotterdam?
All these are really great options for shareholder value. It gives the stock market a new non-reason, besides just AI, to climb to new highs.
Shell has a strong preference for not running foreign ops under the US. Most of the people who know how to do that are gone. Good luck trying to rebuild a team. And the US isn't going spend its money or its domestic political capital to protect personnel with red passports and funny accents.
@ff
Yeah, that's the point ... why did the two surge up on Friday January 2, 2026...That is 18 to 12 hours before the announcement. It is legal in the US for congressmen/women and Senators, and presidents to trade based on inside information, sometimes it leaks out. It is legal to copy their investments. It is illegal for regular citizens to trade stocks on information that is not public. (That's why sweet ol' Martha Stewart went to jail) The point is that Shell shot up a bit over 2% on Friday, before the event. Exxon went up ~1.8% before the news broke. Chevron went up close to 2.4% in advance of the news
Dun Dun Da! [camera angle tightens dramatically focusing on villainous data]
@ff it isn't that there was a market open at that time, it is that the stocks rose before the news. Otherwise, it wouldn't be trading on inside information.
@ej what stock exchange was active at 1030 Fri evening through Sat morning?
Hmm why did Shell and Exxon Stock price rapidly rise before the news broke? insider Insider! or was it just gov trading
Increasing activity in US refineries and lowering US energy costs are undoubtedly part of some "strategy." Think affordability, think industrial buildouts.
Saudis are already wiggling out of the '74 accords, flirting with Russia and China and putting pressure on the dollar and US debt. Ramping up Venezuela challenges Saudi Arabia in supply, diverts Ven supplies away from China, ironically may drive Saudi Arabia and China closer, but reinvigorates the petrodollar.
absolutely
Shell will JV in for a high price and low stake, and then the C suite will declare a bolt on victory and pay more money each year to barely up the stake until we die
@dh
When Shell is competing internationally against XOM and CVX, Shell calls Buckingham Palace and XOM calls the White House. The other four eyes didn't kick in Fri, didn't risk lives, didn't spend military capital. Wael can try to get Charles to call Li'l Marco but Marco is kind of testy with the undeserving (looking at you, funnyman). And anyway GB is still in its journey of decolonization self loathing, so Charles isn't helping Shell. Maybe if BP, the loyal government tool, wanted in but not Shell. Nope, if Shell gets in, it's as a JV partner with a better company.
@bh "merit"? What's that? Don't we get a seat, just as a matter of equity? Bigot
C:\Progams\NYSE.exe
C:\Progams\Dragon.exe
shell sc--wed up guyana, sc--wed up venezuela
and now the ceo never ever takes any risks
we won’t do a thing there ever unless it’s overpaying for a proven already producing bolt on by selling other assets because that’s all our big fat baby ceo knows how to do
Not an American company, so not strategically aligned with US national security interests. Shell's sickening DEI shenanigans are the subject of increasing government attention. Shell doesn't have any US refineries capable of handling Venezuelan sludge. Who is has been looking at offshore Venezuela, maybe Eurotrash but not Americans.
What does Shell bring to the table? What has Shell done to even merit a seat? Why would the US provide sustenance to a dying company that has methodically acted against its own interest, and not businesslike at all, out of defiance and spite?
Shell has already been looking at an offshore Venezuela oil discovery for a few years so I would be shocked if they don’t get in. Plus they were one of the companies that had their assets stolen by PDVSA
With the capture of the Maduro and eventually the biggest oil reserves hitting the free market, what do you think will happen? Oil prices already tanking bc of the global glut of oil it can only go down. Law of supply and demand. Econ101. Not hard to figure out. It may not be immediate, but it will have a negative impact overall in the long term.
Yes, maybe they have coal, too. Since EVs and wind are not aligned with US government thinking, coal will be needed to power fleets of new steam powered locomotives.
I think we should annex Greenland and do windmills instead.