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Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts
The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.
Fossil fuel sites in Australia releasing climate-damaging methane into atmosphere
An investigative report published by a global nonprofit on Tuesday has made worrying revelations about methane leaks.
Shell confirms impact of Clop ransomware attack on MOVEit file transfer tool
Shell, the oil and gas giant, acknowledges being affected by the Clop ransomware attack on the MOVEit file transfer tool, highlighting potential data breaches and ongoing investigations.
Around 1,400 offshore oil and gas workers in UK threaten strike over better job conditions and pay
The strike call by the offshore oil and gas workers is set to hit several rigs from March 29 and until June 7 in a series of 24, 48 and 72-hour stoppages.
Shell, Chevron and Petrobras weigh Guyana oil auction bids -sources
Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras and Chevron, to consider the decade's hottest oil region, people close to the matter said.
Why energy companies are making so much profit despite UK windfall taxes
Although Shell and BP have headquarters in London, they are multinational companies operating in many countries with different fiscal regimes.
Shell 2022 profit more than doubles to record $40 billion
Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns.
Shell says European windfall taxes to cost $2 billion
British energy giant Shell on Friday said windfall taxes imposed by the European Union and UK following a surge in profits would cost the group about $2 billion.
Shell to pay 15 mn euros to Nigerian farmers over pollution
Shell said Friday it will pay 15 million euros to Nigerian farmers to compensate them for damage from pipeline leaks.
Investors ramp up pressure on big oil firms to set 2030 climate targets
A group of investors has tabled resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030, reviving pressure on the sector after a year that saw governments shift their focus to energy security.
TotalEnergies leads Shell, BP in renewables race, but shares sag
French energy giant TotalEnergies has pulled ahead of rivals Shell and BP in the race to build up a renewables business, data collected by Reuters shows.
TotalEnergies, Shell post bumper profits, LNG business diverges
Europe's two largest energy companies Shell and TotalEnergies reported profits of more than $9 billion in the third quarter, though Shell's liquefied natural gas (LNG) division struggled to capture the benefits of high fuel prices.
Shell CEO hints energy firms should pay more tax
Ben van Beurden, who leaves Shell at the end of this year, was addressing the Energy Intelligence Forum industry gathering.
BP profit triples to $9.3 bn on soaring energy prices
Net profit hit $9.3 billion in the three months to June -- a threefold increase from the same period last year, the company said in a results statement.
Shell smashes record again with $11.5 billion profit
Shell on Thursday reported a second-quarter profit of $11.5 billion.
Exxon, Shell May Pursue Part Of $1.8 Billion Nigerian Award--US Appeals Court
A U.S. appeals court on Friday said Exxon Mobil Corp and Royal Dutch Shell Plc affiliates may try to enforce part of a $1.8 billion arbitration award against Nigeria's state-run oil company, in a dispute concerning oil extraction near the African country's coastline.
Shell Boosts Oil And Gas Asset Value As Refining Soars
Shell said on Thursday it would reverse up to $4.5 billion in writedowns on oil and gas assets after it raised its energy prices outlook following Russia's invasion of Ukraine.
Shell shareholders vote on move to London
They will be voting on plans for Royal Dutch Shell to switch its tax residence and top executives including CEO Ben van Beurden to London.
Higher Crude Prices Boost 'Big Oil' Profits To $80 Billion In 2018
Big Oil had a good year in 2018, helped mostly by higher oil prices.
EDF Energy and Shell join Electron's blockchain energy consortium
Consortium also includes: Baringa, Flexitricity, Kiwi Power, Northern Powergrid, Open Energi, Statkraft and UK Power Networks.
Pixie Lott wants fans to power her gig with dance moves
On Top of the World music video features Jennifer Hudson, Luan Santana, Pixie Lott, Yemi Alade and Monali Thakur.
Oil titan Shell is backing the electric car future by building powerful chargers across Europe
A European-wide plan to install 400 electric car charging stations has just been given a boost: Shell has signed on.
'Big oil' players are not 'big data' laggards, says tech start-up co-founder
Babur Ozden, co-founder of Maana, who works with the biggest names in the oil and sector believes it's wrong to presume the industry trails digitally.
BP to list US pipeline company on New York Stock Exchange
Multimillion dollar IPO expected stateside as oil major bids to raise cash.
Shell plans over 400 job cuts at projects and technology department
Report claims the move is caused by shift in the oil and gas giant's business model.
'My next car will be electric,' says oil giant Shell's boss
Ben Van Beurden believes move to electrify the economy is a good thing.
Oil price hits 8-week high as European 'Big Oil' stalwarts see reversal in fortunes
Shell, Total, Statoil and Repsol post encouraging quarterly financials and hint at recovery from three-year long decline.
The $5bn tussle: Shell and SoftBank vie for Asian renewable energy producer
Reports say oil giant and technology company among several others bidding for Equis Energy.
Shell to install electric car chargers at UK petrol stations
First stations to get chargers will be in Greater London and Derby.
Roughneck's best friend: Meet four-legged oil and gas industry 'cobot' ANYmal
As automation and robotics adoption rises in oil and gas business, mechanical creatures could herald changes.