Shell, formerly known as Royal Dutch Shell, has been given a "Neutral" rating by UBS, with a target price of 2800 pence.

According to analyst Joshua Stone, the company's decision to step back from leading new offshore wind projects aligns with the new management's focus on a return-driven strategy. This shift reflects a broader trend within the energy sector as companies reassess their investment priorities in light of changing market dynamics.

The report, published on December 5, 2024, suggests that Shell's strategic pivot may impact its future growth trajectory, particularly in renewable energy initiatives. Investors are advised to closely monitor these developments as the company navigates its revised agenda under the new leadership.