ROYAL DUTCH SHELL PL

(MT Newswires) -- S&P Global Ratings placed the A+ rating of both Royal Dutch Shell (RDSA.L) and Total (TTA.L, FP.PA, FP.BR) on CreditWatch with negative implications as it revised the industry risk assessment for oil and gas companies to moderately high risk from intermediate risk.

The rating agency said Tuesday that energy transition, price volatility, and weaker profitability are increasing risks for oil and gas producers.

S&P plans to resolve the CreditWatch placements within a few weeks, and will focus on the implications of the companies' recalibrated business risk profiles, as well as other aspects of their relative creditworthiness.

Shell's stock gained almost 1% and Total jumped over 2% on Tuesday's close.

Price (GBP): £1393.40, Change: £12.40, Percent Change: +0.90%