Shell ordered to pay damages for oil spill in Nigeria January 29, 2021 Shell must pay damages to four Nigerian farmers for two oil spills back in 2008, a Dutch court has ruled today. The court found that the Nigerian subsidiary of Shell was liable for two pipeline leaks that occurred in the Niger Delta 13 years ago. The plaintiffs argued that the oil spill meant that their [...]
Shell boosts dividend as oil giant beats profit forecasts October 29, 2020 Oil giant Shell beat analyst expectations for profit in the third quarter of a year, but the Anglo-Dutch firm’s income remained at historically low levels. It will also increase its dividend by four per cent, just months after slashing it by two-third, the first reduction since World War Two. The FTSE 100 firm posted $955m [...]
Shell to cut close to 9,000 jobs in transition plan September 30, 2020 Shell is cutting 9,000 jobs as it shifts away from oil production
The impact of coronavirus on dividends April 2, 2020 As UK banks temporarily suspend all dividend payments, we discuss the effect coronavirus could have on a vital source of income for investors. What’s happening to dividends? The coronavirus crisis and oil price war are having a profound impact on economic growth and the cash position of companies. Many businesses in the most affected sectors [...]
Shell and Total slash costs and suspend buybacks amid oil price slump March 23, 2020 Oil giants Shell and Total have suspended their share buyback programmes and announced billions of dollars of cost cutting as they try to weather the recent crash in oil prices. The price of Brent crude slumped to a 17-year low last week as the coronavirus pandemic has cut global demand for oil and a price [...]
Billions wiped off FTSE oil giants BP and Shell after global oil prices sink March 9, 2020 Oil major BP has lost nearly £20bn of its value today as investors ditch energy stock following the oil price rout. Rival Royal Dutch Shell has seen its market capitalisation shrink £18.1bn since the close of trading in London on Friday. Both oil majors have dragged the FTSE 100 to one-day losses not seen since [...]
Oil prices: FTSE energy stocks tumble after Opec coronavirus chaos March 9, 2020 FTSE 100-listed energy stocks have crumbled in early trading after Saudi Arabia initiated a price war that saw oil prices collapse today. Shell’s share price plummeted 21 per cent before trimming losses to stand down 14.8 per cent by 9.50am, while BP’s tumbled 17.3 per cent to 326.9p. Petrofac fell over 50 per cent to [...]
An open Shell: Oil major likely to miss production guidance new transparency push shows September 30, 2019 Royal Dutch Shell opened up its books ahead of its quarterly results for the first time today as shareholder pressure forced its hand towards more transparency. The oil major will start publishing a quarterly update, it said, ahead of its results. Read more: New Horizons: BP boss tasked with clearing up oil spill looks for [...]
Shell boosts power business with £344m Aussie takeover August 22, 2019 Shell took another step to boost its electricity supply business as it bought Australia’s second-largest power company in a AU$617m (£344m) deal. The board of ERM recommended today that its shareholders vote for the deal, which represents a 43 per cent premium to its last closing price. Read more: Shell Energy to pay £390,000 after [...]
Shell profits slip to lowest point since 2016 as weak oil and gas prices hit energy major August 1, 2019 Shell shares dropped this morning as it reported its lowest second-quarter profits since 2016, as earnings slumped more than 25 per cent. The oil and gas major suffered from lower oil and gas prices. Shares were down four per cent in early morning trading. The figures Shell profits fell 25 per cent to $3.6bn (£2.9bn) [...]