Shell plc (NYSE:SHEL) is among the 12 Best Crude Oil Stocks to Buy for Dividends. The company, in partnership with INEOS, made a new oil discovery in the Gulf of America. Shell operates the well with a 79% working interest while INEOS holds 21%. Shell also selected Valaris drillship for operations off the coast of Brazil in a contract worth approximately $300 million. The project aims to produce up to 120,000 barrels of oil per day with production scheduled to start in 2029. Shell was also included in the Best Non-US Stocks to Buy According to Hedge Funds.

Read more at Yahoo Finance: Shell (SHEL) Makes New Oil Discovery in Gulf of America