{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Shell acquires interest in Gulf of America prospect","text":"\u003Cp\u003E\u003Cb\u003EHouston\u003C/b\u003E − Shell Offshore Inc., a subsidiary of Shell plc (Shell), today announced the acquisition of a 30% interest in Conifer, an exploration prospect operated by BP Exploration and Production (BP) in the US Gulf of America near bp’s Kaskida host development.\u003C/p\u003E\n","links":[{"name":"Shell acquires interest in Gulf of America prospect","value":"https://www.shell.us/about-us/news-and-insights/media/2026-media-releases/shell-acquires-interest-in-gulf-of-america-prospect.html"}],"date":"2026-09-02T12:30:14.294Z","tags":[{"name":"Media 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US Gulf of America near bp’s Kaskida host development.\u003C/p\u003E\r\n","date":"2026-09-02T12:30:14.294Z"},"id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-acquires-interest-in-gulf-of-america-prospect/jcr_content/root/main/section/page_header"},{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-acquires-interest-in-gulf-of-america-prospect/jcr_content/root/main/section/simple/text","model":{"text":"\u003Cp\u003E“The Gulf of America (GoA) remains a world-class basin, and we are continually looking for opportunities to grow our position and create value,” said Colette Hirstius, Shell’s Executive Vice President for GoA and Shell USA President. “Conifer is another way to strengthen our position in this highly competitive region.”\u003C/p\u003E\r\n\u003Cp\u003EShell is the largest producing leaseholder in the GoA, where our production has among the lowest greenhouse gas (GHG) intensity in the world for producing oil.\u003C/p\u003E\r\n\u003Ch3\u003ENotes to editors\u003C/h3\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003EThe Conifer prospect in the GoA is located offshore within Keathley Canyon, approximately 250 miles southwest of New Orleans.\u003C/li\u003E\r\n\u003Cli\u003EBP currently holds 100% Working Interest in Kaskida and would retain operatorship following the completion of this deal.\u003C/li\u003E\r\n\u003Cli\u003EThe initial exploration well for Conifer is currently expected to spud in 2027.\u003C/li\u003E\r\n\u003Cli\u003EThe reference to our GoA production having among the lowest GHG intensity in the world is a comparison among other IOGP oil-and gas-producing members.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003Ch3\u003EEnquiries\u003C/h3\u003E\r\n\u003Cp\u003EAmericas Media Relations: \u003Ca href=\"https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html\"\u003EContact Shell US Media Team\u003C/a\u003E\u003C/p\u003E\r\n\u003Ch3\u003ECautionary Note\u003C/h3\u003E\r\n\u003Cp\u003EThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this media release “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this media release refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking statements\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis media release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this media release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this media release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2025 (available at \u003Ca href=\"https://www.shell.com/investors/news-and-filings/sec-filings.html\"\u003Ewww.shell.com/investors/news-and-filings/sec-filings.html\u003C/a\u003E and \u003Ca href=\"http://www.sec.gov/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003Ewww.sec.gov\u003C/a\u003E). These risk factors also expressly qualify all forward-looking statements contained in this media release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this media release, September 2, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this media release.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking non-GAAP measures\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis media release may contain certain forward-looking non-GAAP measures such as free cash flow and underlying operating expenses. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.\u003C/p\u003E\r\n\u003Cp\u003EThe contents of websites referred to in this media release do not form part of this media release.\u003C/p\u003E\r\n\u003Cp\u003EWe may have used certain terms, such as resources, in this media release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. 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