Shell offers £2.8bn in share buybacks as profits slide to £5.1bn as commodity boom eases November 2, 2023 Shell is the latest energy giant to post a sharp downturn in profits, unveiling £5.1bn earnings over the third quarter — a 40 per cent decline year-on-year.
BP and Shell to receive boost from rising oil prices, analysts forecast October 29, 2023 Oil and gas giants BP and Shell are set to reap the benefits of climbing oil prices, according to analysts, as both prepare their third-quarter results.
Shell’s new boss Wael Sawan to cut 200 jobs in overhaul of low carbon unit October 25, 2023 Shell said the decision forms part of its “drive to create more value with less emissions through a focus on performance, discipline and simplification”.
Shell’s refusal to answer questions is an affront to ordinary shareholders September 25, 2023 Shell has told journalists it will only be answering analyst questions at its next trading update. That's bad for the City, and ordinary shareholders
FTSE 100 close: HSBC leaps and BP gives up gains in mixed day for London index August 1, 2023 London’s FTSE 100 kicked lower today after a clutch of mixed results puzzled investors. The capital’s premier index fell 0.43 per cent lower to 7,666.26 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slipped 0.41 per cent to 19,065.66 points. A set of results [...]
Shell Q2 profits slide (to just the $5.1bn) as firm announces share buyback scheme July 27, 2023 Shell has announced a hefty new share buyback programme and raised its quarterly dividends, despite a downturn in profits.
Environment group loses High Court fight with Shell directors July 24, 2023 An environment campaign organisation has lost another round of a High Court fight with directors of oil giant Shell.
Energy giants set for scrutiny as latest results come amid cost of living crisis July 23, 2023 Energy giants will be under fresh scrutiny this week, as the latest batch of results are announced by the world's largest oil and gas producers.
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]
Shell anticipates ‘significantly lower’ gas trading as investors ‘sit on hands’ July 7, 2023 Shell said it anticipates “significantly lower” gas trading in its second quarter results, but questions remain about the energy titan’s claim it’s linked to ‘seasonality’. Ahead of their 27 July results, the firm claims its expected dip was down to “seasonality” in the market, while stressing that the performance would be “in line” with the [...]