---
title: "Weekly Recap | Shell +1.43%, closing in on record highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302954580.md"
description: "Shell (SHEL) added 1.43% this week, closing at $108.18 against the prior Friday’s $106.66. The S&P 500 fell 0.47% over the same stretch, leaving Shell about 1.9 percentage points ahead. Price action was choppy for most of the week: Monday opened lower and settled at $104.82, then Tuesday through Thursday drifted between $104.14 and $106.63. Friday’s 2.25% push to $108.18 took the session high to $108.43, the top of the 60-session range."
datetime: "2026-10-24T07:01:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302954580.md)
  - [en](https://longbridge.com/en/news/302954580.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302954580.md)
generator: "portal-rs"
---

# Weekly Recap | Shell +1.43%, closing in on record highs

## The Week

Shell (SHEL) added 1.43% this week, closing at $108.18 against the prior Friday’s $106.66. The S&P 500 fell 0.47% over the same stretch, leaving Shell about 1.9 percentage points ahead. Price action was choppy for most of the week: Monday opened lower and settled at $104.82, then Tuesday through Thursday drifted between $104.14 and $106.63. Friday’s 2.25% push to $108.18 took the session high to $108.43, the top of the 60-session range.

## Key Events

The week’s throughline was record highs plus asset-sale news. The stock hit an intraday record on Tuesday and refreshed it on Friday, when reports said Infineum, a UK chemicals group backed by Shell and ExxonMobil, was weighing an $8 billion sale; shares rose more than 2% intraday. On the company side, the UK approved the long-delayed Jackdaw gas field, and J.P. Morgan kept its buy rating. Sector news was mostly supportive: Saudi ACWA Power and UAE’s Masdar joined calls to preserve EU green hydrogen targets, while windfall cash from Iran tensions put oil-major spending discipline under a test.

## Analyst Ratings

Coverage totals 16 firms: 6 rate it buy, 1 rate it overweight, 9 rate it hold, and none rate it underweight or sell. The consensus rating is buy, with a consensus target of $105.56, about 2.42% below spot. Targets range from $83 to $123, a wide spread. Shell ranks 8th by rating within its industry, which has 15 names.

## The Week Ahead

Shell reports fiscal Q3 2026 results before the open on Thursday, with consensus at $3.6633 EPS and $100.9 billion in revenue — the most direct event for the stock. On macro, Tuesday brings durable goods orders, FHFA house prices, new home sales, and consumer confidence; Monday has the Dallas Fed manufacturing index. Oil moves and any follow-through on the Infineum sale will also shape sentiment.

## In Short

The stock sits near record highs while the consensus target sits below spot and the target range spans $40, evidence of genuine disagreement on valuation and the oil path. Latest-session flow shows large-lot money as a net seller, with small and medium orders on the other side. Thursday’s earnings are the clearest test of that tension.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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- [SHEL.US](https://longbridge.com/en/quote/SHEL.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**