Shell’s stock drops 3%; acquires Angola stake; signs LNG deal — TradingView News

Shell’s stock fell over 3% after President Trump’s $2 billion Venezuelan oil deal, raising supply concerns. Shares dropped 1.8% amid fears of market saturation and 2.4% due to falling oil prices.12Shell will buy a 35% stake in two undeveloped offshore blocks in Angola from Chevron. Financial details of the deal were not revealed.3Petrovietnam Gas has signed a five-year LNG supply deal with Shell, starting in 2027, to deliver about 400,000 metric tons annually to Vietnam’s Thi Vai terminal.4