Shell Hits Record High, Fueled by $105 Oil and $3.5B Buyback

Shell shares rose over 1% in pre-market trading on March 17. The stock is poised to open at a record high, following a broader rally among energy peers like BP and Chevron.

Brent crude futures climbed toward $105 a barrel. This price spike follows intensified attacks on energy infrastructure in the Persian Gulf, raising global supply concerns.

Shell is also executing its previously announced $3.5 billion share buyback program. This capital return initiative continues to bolster investor confidence and support the stock price.