Shell Hits Record as New CEO Makes Most of High Oil Prices
- Shares of the company have risen threefold in past three years
- New CEO Sawan promised a ‘ruthless’ focus on improving returns
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Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors.
Shares of the company rose as high as 2,767.5 pence in London on Monday, marking more than a threefold increase from the pandemic-era low of 878.3 pence three years ago. The stock closed slightly lower at 2,750.5 pence.