Shell plc announced its final investment decision on the Kaikias waterflood project in the US Gulf of America. The project aims to increase recoverable resource volumes by 60 million metric barrels of oil equivalent and extend the production lifecycle of Ursa.

This decision follows Shell’s move to increase its stake in Ursa. Analysts from Goldman Sachs and Barclays maintain Buy ratings on Shell plc with price targets of p2,686.5. Wall Street remains bullish on the stock.

Shell plc is a global energy and petrochemical company, offering fuel, lubricants, chemicals, and various energy solutions. While Shell is a solid investment, some believe there are other AI stocks with greater potential.

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Read more at Yahoo Finance: Shell plc (SHEL) Announces Final Investment Decision on Waterflood Project at Kaikias Field