Where to buy Shell stock: it is up 2% today as gas prices hit the highest level in 7 years

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The price of Shell stock is on the rise despite the current turmoil in Eastern Europe between Russia and Ukraine. The current price hike is attributed to the increased demand for gas and the subsequent gas price hike pushing the price to its highest level in seven years.

To help stock investors interested in investing in Shell stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

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What is Shell stock?

Shell stock is the stock of Shell Plc and it trades in the US on the London Stock exchange under the ticker LON: SHEL.

Shell Plc is a British multinational gas and oil company that is publicly traded. It is headquartered in London, United Kingdom.

It is one of the supermajors and it is one of the largest companies in the world by revenue. It is ranked top 10 of the Fortune global 500 since 2000.

Should I buy Shell stock today?

If you want to invest in the shares of one of the largest gas and oil companies in the world, then the Shell stock could be a good choice.

Nonetheless, there is an impending challenge posed by the conflict between Russia and Ukraine, which if it broke into a full-blown war could impact the price of oil and gas prices and ultimately affect Shell’s share prices.

Shell stock price prediction

Analysts are keeping a keen eye on the events around the Russia-Ukraine dispute that is attracting the attention of the Western Countries.

Shell stock has been on the rise in the last year and analysts expect it to continue rallying primarily due to the increased gas prices. Analysts have set their eyes on the £2,000 price target.

$SHEL social media coverage

🟢 SHEL [ रु 470.0 (-4.0) ] currently has Demand 67.33% higher than Supply. Demand to Supply Quantity Ratio 12695.0 : 7587.0, Order Ratio 11111 : 11121 #NEPSE

— Stock Portfolio – NEPSE (@stockportfolion) February 20, 2022

Shock. Shock. Shock. Gas prices are at the highest level in 7 years while Exxon Mobil, Chevron, Shell & BP made nearly $25 billion in profits last quarter – the highest level in over 7 years. The problem is not inflation. The problem is corporate greed, collusion & profiteering.

— Bernie Sanders (@SenSanders) February 16, 2022

The post Where to buy Shell stock: it is up 2% today as gas prices hit the highest level in 7 years appeared first on Invezz.

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