Amid concerns that the planned Israeli invasion of Gaza risks escalating into a broader crisis that would affect crude supplies from the Middle East, Shell shares rose 1.5% in London trading to £27.67 during the session. They closed last night at £27.50.
In the week since the Hamas attack on Israel, Brent crude has risen by 7% to just under $90 (£73) a barrel, with Shell's share price increasing by 6.5%.
The company's commercial value has shot up by nearly 10% to £183bn since 4 October when the Opec+ cartel, led by Saudi Arabia and Russia, promised to maintain cuts to global oil supplies.
Shell has faced sustained criticism over the past 18 months after reporting bumper profits, aided by Russia's invasion of Ukraine, which caused global energy prices to soar.
Denne historien er fra October 17, 2023-utgaven av The Guardian.
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Denne historien er fra October 17, 2023-utgaven av The Guardian.
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Pension funds Can chancellor win investment boost with 'megafund'?
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'I'd pay to play the Ryder Cup': McIlroy's barb at US fee plan
Rory McIlroy says he would pay to play in the Ryder Cup after it emerged that US team members could receive $400,000 each for competing against Europe in New York next year.
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St Pauli quit X and hit out at 'hate machine'
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Scotland must revamp youth development to keep up, says Clarke
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It was the night when Lee Carsley dropped Harry Kane and came up smelling of roses, this a result not only to avenge the shapeless 2-1 Wembley defeat against Greece in October but to put England on the brink of automatic promotion back into the Nations League's A section.
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Tyson happy for money to talk amid mayhem
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Former US Open champion has struggled with series of injuries throughout career
