The Shell share price jumps nearly 20% in 3 months. Here’s why

  • November 25, 2021

This autumn has been pretty good to investors in oil & gas giant Royal Dutch Shell (LSE: RDSB). That’s because the Shell share price has soared since late August. Indeed, over the past three months, this energy stock was the fourth-best performer in the FTSE 100 index. Here’s why…

The Shell share price slumps and soars

In spring 2018, almost two years before the Covid-19 crisis, the Shell share price was gushing high. On 21 May 2018, it peaked at 2,841p. But then this mega-cap stock went into steep decline. At the end of 2019, just as coronavirus infections were emerging, the shares closed out the year at 2,239.5p.

Alas, as Covid-19 infections swept the world, Shell’s shares went into steep decline as global stock markets tanked. At its 2020 low, the stock hit bottom on 28 October 2020, dropping to 845.1p. This followed a spectacular crash in the price of a barrel of Brent Crude oil from from $70 in January 2020 to under $16 in mid-April.

Today, as I write, the Shell share price stands at 1,649.4p, down 11p (-0.7%) on the day. This values the energy supermajor at £113.5bn. For the record, the stock has gained 15.7% over three months, 25.3% over six months, and 26.3% over one year. Nice.

What strengthened Shell?

One simple reason for recent rises in the Shell share price is the soaring price of oil. With OPEC+ members reluctant to pump more crude, the oil price has leapt over the past three months. Today, Brent Crude sells for around $82 a barrel, about $11 (+15.5%) higher than $71 three months ago. And that’s why RDSB has been pumped higher!

The post The Shell share price jumps nearly 20% in 3 months. Here’s why appeared first on The Motley Fool UK.

Our 5 Top Shares for the New “Green Industrial Revolution”

It was released in November 2020, and make no mistake:

It’s happening.

The UK Government’s 10-point plan for a new “Green Industrial Revolution.”

PriceWaterhouse Coopers believes this trend will cost £400billion…

…That’s just here in Britain over the next 10 years.

Worldwide, the Green Industrial Revolution could be worth TRILLIONS.

It’s why I’m urging all investors to read this special presentation carefully, and learn how you can uncover the 5 companies that we believe are poised to profit from this gargantuan trend ahead!

Access this special “Green Industrial Revolution” presentation now

More reading

I reckon Shell is still a top passive income FTSE 100 stock – for now

Could a break-up send Shell shares surging?

2022 dividend forecasts: GSK, Barclays, Shell

Will Shell split up to go green? How would it affect the share price?

Could the Shell share price double my money again? 

Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services, such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool, we believe that considering a diverse range of insights makes us better investors.

Enjoying a good read on the Economy and Investing?

— Subscribe for FREE and get top insights and trading ideas, Directly To You Every Day

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Investings Keeper will use the information you provide on this form to be in touch with you and to provide updates and marketing.