End of an era: Van Beurden leaving as Shell CEO after a decade as gas chief Sawan takes over New chief confirmed Oil and energy giant Shell confirmed this morning that its chief executive will step down later this year after close to a decade in the top job. Ben van Beurden will hand over the reins to the company’s Canadian director of integrated gas, renewables and energy solutions, Wael Sawan. After resigning as chief executive at [...]
Shelling Out: Shell confirms bumper pay-outs to shareholders SHELL PAY-OUT Shell has confirmed shareholders will be able to take dividends in euros and pounds, alongside dollars, after its massive Q2 performance.
Shell boss to step down next year after nearly a decade in charge SHELL Shell's chief executive Ben van Beurden will step down next year after nearly a decade at the helm, according to news agency Reuters.
Ofgem slaps Shell with fine after it overcharged customers for energy August 25, 2022 Shell Energy's supplier business has been slapped with a hefty fine for overcharging customers on default tariffs.
Shell sells oil stake from the sea floor August 11, 2022 Shell has kickstarted the sale process for its 30 per cent stake in the Cambo oil project in the North Sea.
Upbeat earnings fail to turn investors’ eyes from steep US technical recession July 28, 2022 A string of upbeat earnings was not today enough to cushion City investor jitters over a slowdown in the US economy. London’s premier FTSE 100 index dipped 0.04 per cent to 7,345.09 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.1 per cent [...]
Energy bosses must be wise to the coming tide of public anger July 28, 2022 ONE OF a City chief exec’s key jobs is horizon scanning. For those in the energy sector, should they be finding their forecasting glasses a little fogged up, we’ll help: you’re about to become the least popular companies in Britain. It is hard to over-egg how painful energy bills could become this winter, with predictions [...]
Shell unveils record profits and begins $6bn buyback programme July 28, 2022 Shell has posted massive profits of $11.5 billion for the second quarter, smashing its previous record three months of trading earlier this year.
Jitters over global recession send FTSE 100-listed industrial giants lower July 21, 2022 Jitters over a slowdown in the global economy pulled industrial stocks lower today, taming gains on London’s FTSE 100, but Frasers group boosts mid-cap index. The capital’s premier index edged 0.09 per cent higher to 7,270.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Happy as a clam: Shell raises value of oil and gas assets as refining soars July 7, 2022 Shell has announced it will reverse up to $4.5bn in write-downs on oil and gas assets after raising its energy prices outlook.