#shell

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#financial-results

Shell blames lower oil prices, weaker margins and 'accounting mismatch' for slump in third-quarter profits

Shell's Q3 net profit fell to $4.3 billion due to lower oil prices and weaker refining margins, despite increased gas sales.

Shell announces half year profits - London Business News | Londonlovesbusiness.com

Shell announced profits of £10.9 billion for H1, demonstrating operational and financial strength amid focus on reducing emissions.

Shell blames lower oil prices, weaker margins and 'accounting mismatch' for slump in third-quarter profits

Shell's Q3 net profit fell to $4.3 billion due to lower oil prices and weaker refining margins, despite increased gas sales.

Shell announces half year profits - London Business News | Londonlovesbusiness.com

Shell announced profits of £10.9 billion for H1, demonstrating operational and financial strength amid focus on reducing emissions.
morefinancial-results
#energy-sector

Shell slips from the Fortune 500 Europe list's top spot, lending its crown to the troubled Volkswagen

Shell's profits fell 30% in 2023, leading to a shift in focus towards LNG and away from renewable projects.

Shell boss paid 8m in 2023 as oil and gas giant waters down climate pledge

Shell CEO's pay package of 7.94m included a base salary, bonus, and long-term incentive payment.
Shell and BP are revising climate targets, focusing on reducing net carbon intensity in energy products.

Shell slips from the Fortune 500 Europe list's top spot, lending its crown to the troubled Volkswagen

Shell's profits fell 30% in 2023, leading to a shift in focus towards LNG and away from renewable projects.

Shell boss paid 8m in 2023 as oil and gas giant waters down climate pledge

Shell CEO's pay package of 7.94m included a base salary, bonus, and long-term incentive payment.
Shell and BP are revising climate targets, focusing on reducing net carbon intensity in energy products.
moreenergy-sector
#sustainability

Shell puts Norway blue hydrogen plant on hold over lack of demand

Shell has halted its low-carbon blue hydrogen plant in Norway due to insufficient market demand, reflecting broader challenges facing the hydrogen industry.

Shell holds strong as most valuable Dutch brand despite falling brand strength - London Business News | Londonlovesbusiness.com

Shell is significantly more valuable than other Dutch brands.

Shell puts Norway blue hydrogen plant on hold over lack of demand

Shell has halted its low-carbon blue hydrogen plant in Norway due to insufficient market demand, reflecting broader challenges facing the hydrogen industry.

Shell holds strong as most valuable Dutch brand despite falling brand strength - London Business News | Londonlovesbusiness.com

Shell is significantly more valuable than other Dutch brands.
moresustainability

Shell to cut hundreds of jobs in oil and gas exploration operations

Shell is cutting jobs to achieve $3 billion in cost savings by 2025, focusing on efficiency and organizational simplicity.

UK Sport warned British Cycling against Shell sponsorship and its possible impact on future public funding

British Cycling's partnership with Shell faced backlash over potential reputational risks and financial motives, leading to CEO resignations and concerns from UK Sport.

Shell's bumper 6.1bn profits sparks anger from climate campaigners

Shell reported better profits, but faces criticism over its commitment to climate change and renewable energy.

Taxpayer-funded petrochemical plants are polluting communities, report finds

Petrochemical plants, like Shell's in Pennsylvania, are being built to produce plastics from natural gas, posing environmental and health concerns.
Many of the plastics plants nationwide have violated clean air laws, releasing harmful compounds and receiving taxpayer subsidies.
#energy-transition

Shell weakens 2030 climate targets DW 03/14/2024

Shell adjusts 2030 emissions target to 15-20% reduction in net carbon intensity from 2016 levels, previously aimed for 20% cut.
Shell prioritizes value over volume in power sales, lowering total growth of power sales which led to an update in net carbon intensity target.

Shell waters down emissions cut pledge despite crucial climate decade

Shell has adjusted its climate emissions reduction target to a 15-20% reduction in carbon emissions intensity by 2030, down from the previous 20% target.
Shell aims to balance energy transition while prioritizing secure, affordable energy supplies, which may result in stable oil production and growth of liquified natural gas business.

Shell to pause construction of huge biodiesel plant in Rotterdam

Shell paused construction of a major biofuel plant in Rotterdam, causing delays in producing sustainable aviation fuel due to technical challenges.

Shell weakens 2030 climate targets DW 03/14/2024

Shell adjusts 2030 emissions target to 15-20% reduction in net carbon intensity from 2016 levels, previously aimed for 20% cut.
Shell prioritizes value over volume in power sales, lowering total growth of power sales which led to an update in net carbon intensity target.

Shell waters down emissions cut pledge despite crucial climate decade

Shell has adjusted its climate emissions reduction target to a 15-20% reduction in carbon emissions intensity by 2030, down from the previous 20% target.
Shell aims to balance energy transition while prioritizing secure, affordable energy supplies, which may result in stable oil production and growth of liquified natural gas business.

Shell to pause construction of huge biodiesel plant in Rotterdam

Shell paused construction of a major biofuel plant in Rotterdam, causing delays in producing sustainable aviation fuel due to technical challenges.
moreenergy-transition

Greenpeace's Succession video is total genius

Greenpeace releases a witty video comparing a real-life lawsuit by Shell to a fictional lawsuit in the TV show Succession.
The video warns Save the Children to 'watch out'.

Shelling in Russian border city kills 10 and injures 45

Shelling in the Russian border city of Belgorod killed 10 people and injured 45 more, with Russian officials accusing Kyiv of carrying out the attack.
Moscow officials reported shooting down 32 Ukrainian drones and reported cross-border shelling that killed two other people in Russia.
Russian drone strikes against Ukraine continued, with 10 Iranian-made Shahed drones shot down across multiple regions.
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