Shell's Share Price Weakness Due to Macroeconomic Factor, Not Earnings -- Market Talk
Dow Jones05-07
0911 GMT - Shell's share price weakness is driven entirely by macroeconomic factors and not its quarterly earnings report, Quilter Cheviot's Maurizio Carulli writes. All European energy stocks are down as oil prices go lower. Shell fell 3% at the open before recovering slightly. Operationally, Shell's first-quarter was strong with the rise in net debt being the only blemish, he adds. The rise reflects higher working capital tied up in inventories rather than structural deterioration, he says. Shares fall 2% to 3,146.50 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
May 07, 2026 05:12 ET (09:12 GMT)
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