1021 GMT - Shell investors will want more visibility on the British oil major's long-term hydrocarbon production pipeline when it presents its updated strategy at its capital markets day next week, RBC Capital Markets analysts write. Shell has outlined plans to maintain hydrocarbon production at around 1.4 million barrels of oil a day through to 2030 but hasn't disclosed plans beyond this, the analysts write. The lack of long-term visibility detracts from Shell's investment case, they add. Investors will be looking for signals that Shell intends to acquire assets to supplement its portfolio, something that the analysts believe is likely given its limited exploration success in Namibia. Shares trade up 1.1% at 27.05 pounds.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 18, 2025 06:21 ET (10:21 GMT)
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