Shell, BP Are Europe's Likely Winners From U.S. Intervention in Venezuela -- Market Talk
Dow Jones01-05
1252 GMT - The U.K.'s Shell and BP are the European oil majors most likely to benefit from President Trump's intervention in Venezuela, Panmure Liberum's Ashley Kelty says. U.S. energy giants will get the first pick of projects but will need European partners to help reduce their risk, he adds. With large U.S. presences, BP and Shell look set to be the European winners, he says. BP has projects that were put on ice because of U.S. sanctions, and will be able to leverage these to gain access to other projects once the sanctions are lifted, Kelty says. Shell and BP shares rise 0.3% to 2,768.50 pence and 439.25 pence, respectively. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 05, 2026 07:52 ET (12:52 GMT)
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