Shell plc (SHEL) Secures First Long-Term Vietnam Contract, Morgan Stanley Trims PT

Shell plc (NYSE:SHEL) is included in our list of the most undervalued blue chip stocks to buy now.

Shell plc (SHEL) Secures First Long-Term Vietnam Contract, Morgan Stanley Trims PT

On January 7, 2026, TheFly reported that Morgan Stanley reduced its price target on Shell plc (NYSE:SHEL) from 3,007 GBp to 2,811 GBp while maintaining an ‘Overweight’ rating. This update follows the company’s recent strategic growth wins.

On January 7, 2026, Reuters reported that state-owned Petrovietnam Gas awarded its first-ever term LNG supply tender to Shell plc (NYSE:SHEL). This development marks a key milestone in Vietnam’s gas market evolution. According to the five-year agreement, Shell will be supplying roughly 400,000 metric tons of LNG annually from 2027 to 2031 on a delivered ex-ship basis to the Thi Vai terminal. With the country starting to import LNG only in 2023 and having relied exclusively on the spot market so far, the deal marks a structural shift toward long-term supply security.

Furthermore, the company’s long-term production outlook was reinforced by Reuters on January 6, 2026, which reported that Shell plc (NYSE:SHEL) agreed to acquire a 35% stake in offshore Blocks 49 and 50 in Angola from Chevron. This move reinforces the company’s established goal of sustaining oil output into the 2030s, alongside growing gas production by 1% through 2030.

Shell plc (NYSE:SHEL), a global energy company, produces oil and natural gas. Its operations span LNG, upstream exploration, refining, chemicals, marketing, and the growth of renewables and energy solutions businesses worldwide.

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