1112 GMT - Shell's outlook for hydrocarbon growth is moderately encouraging but its lack of organic options to grow oil output could raise questions, director of equity research at Morningstar, Allen Good, writes. The majority of its hydrocarbon growth will come from liquefied natural gas, and oil production is expected to remain steady, he adds. Shell's options for mergers and acquisitions will likely be in focus given its inability to grow oil production from its current portfolio, Good writes. Shares trade up 2% at 2,780.50 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 07:13 ET (11:13 GMT)
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