Shell profits fuel calls for windfall tax: Record results come days after BP bumper earnings May 5, 2022 Shell has further fuelled demands for a windfall tax on the sector as it revealed record first-quarter profits thanks to soaring oil and gas prices, just days after bumper earnings from rival BP. The oil giant posted better-than-expected underlying earnings for the first three months of 2022, at £7.2bn – nearly three times the £2.5bn [...]
Shell’s profits surge amid soaring oil and gas prices May 5, 2022 Shell has continued its rebound from the pandemic, posting profits of $9.13bn in the first three months of the year.
Shell closes in on $1.8bn deal for Indian renewable power developer amid low-carbon push April 26, 2022 Shell is closing in on a deal for Sprng Energy as it looks to speed up its shift to low-carbon energy and expand its presence in India.
Ukraine’s government writes to Shell, accusing the oil giant of ‘bankrolling Putin’s war with an accounting trick’ April 22, 2022 Ukraine has accused energy giant Shell of continuing to “bankroll Putin’s war machine” buy buying oil through an “accounting trick.” In an angry letter sent to the oil company’s boss, Kyiv branded it “deplorable” that firm was still buying fuel linked to the Kremlin indirectly. According to the Telegraph, despite a commitment to stop purchasing [...]
Shell urges shareholders to reject activist calls for more stringent climate change targets April 21, 2022 Shell has called on investors to rejects calls from activists to ramp up its environmental targets, ahead of its annual general meeting next month.
Shell restarts LNG shipments from giant floating gas site April 12, 2022 Shell has restarted shipments of liquefied natural gas (LNG) from Prelude, its massive floating plant off the coast of Western Australia.
Shell announces plans to invest £25bn in UK energy March 24, 2022 Shell will invest up to £25bn in the country's energy system over the next decade, according to UK country chair David Bunch.
Shell reconsiders decision to pull out of Cambo oilfield amid rising oil prices March 22, 2022 Shell is reportedly reconsidering its decision to pull out of the controversial Cambo oilfield amid skyrocketing energy prices.
Shell hopes to woo regulator with fresh plans for major North Sea gas field March 19, 2022 Shell has revived its efforts to develop a major North Sea gas field after previous attempts were shut down by regulators over environmental concerns. The fossil fuel firm has published an amended plan for the development of the Jackdaw field, at the Shearwater hub in the central North Sea. It is hoping to launch production [...]
Shell announces pounds sterling dividend payments after oil firm slashes ties with Russia March 14, 2022 Shell has announced the pounds sterling and euro equivalent dividend payments for its latest interim dividend. The London-listed fossil fuel giant announced its fourth quarter 2021 interim dividend on 3 February at $0.24 per ordinary share. Shareholders will be entitled to €0.2181 or 18.28p per ordinary share, providing they had validly submitted US dollars, euros [...]