Shell’s carbon credits potentially worthless, research finds
Shell may have purchased "worthless" carbon credits after they were oversold by market manager Verra, accused the Guardian
Company
Shell PLC
LON:SHEL
Shell PLC is a global group of energy and petrochemical companies with more than 80,000 employees in more than 70 countries. The group uses advanced technologies and take an innovative approach to help build a sustainable energy future.
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Shell and BP involved in UK’s first oil and gas licensing round since 2019
Shell and BP took part in the UK's latest North Sea oil and gas licensing round, which attracted some 115 bids from 76 firms
Shell and BP should pay for carbon emissions storage– report
Energy firms, such as Shell and BP, should face more responsibility for their emissions if global net zero targets are to be met, according to scientists
UK petrol prices back to levels at start of Ukraine war
The cost of filling the typical car tank has fallen by £23 since July
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FTSE 100 closes in positive territory as hard recession fears abate and miners lead the charge
Britain's blue chip index closed up on Friday around 66 points, or 0.87%, at 7,699
Shell and BP in firing line as institutions join call for big oil to cut emissions
Shell and BP are facing renewed pressure from investors to cut emissions by 2030
Shell to become Europe’s largest renewable gas producer – although biogas criticisms remain
Shell PLC’s US$1.9bn buyout of Denmark’s Nature Energy will make it Europe’s largest producer of RNG
Shell, British Gas and other energy suppliers failing vulnerable customers, says Ofgem
Energy suppliers are not doing enough for low-income and other vulnerable customers according to Ofgem
Shell wants price guarantee and warns on investment plans after windfall tax hike
The FTSE 100 giant has seen huge cash inflows due to the elevated prices of oil and gas
Oil majors not fussed by Hunt hike to windfall tax, smaller independents see shares fall
Smaller oil firms play a key role in the North Sea but won't be sheltered as much by investment-linked tax breaks compared to the major producers.
Eight years of oil and gas supply within touching distance of North Sea infrastructure - report
There is over 8bn barrels worth of oil and gas within 45km of existing North Sea infrastructure according to an OEUK report
Shell says it has paid no windfall tax as 'obscene' profit leads to louder calls
“These profits are obscene – especially at a time when millions are struggling with soaring bills," said Frances O’Grady, general secretary of the Trade Union Congress
Shell announces another US$4bn buyback and plans dividend increase
Earlier this month the oil supermajor had warned that profits for the third quarter would be lower
Shell and BP tipped to pour more excess cash into share buy-backs
Shell reports on Thursday, whilst BP's third-quarter results are due 1 November.
Week ahead: Lloyds, Barclays and other banks, IAG, Glencore and US tech titans pack the diary
The battle to be the third UK Prime Minister of the year, plus central bank rate hikes and some key macro data
Dividend cover improves for London-listed companies thanks to Shell and BP- research
The analysis showed there has been no increase in yield traps – companies that have seductively attractive dividends that they are unlikely to be able to sustain
Hundreds of North Sea sites available as new licensing round announced
"Putin's illegal invasion of Ukraine means it is now more important than ever that we make the most of sovereign energy resources," said Business Secretary Jacob Rees-Mogg
Shell shares fall after warning of lower profits, UBS remains positive
Broker UBS said the trading update points to a weaker third quarter than it expected, primarily driven by results from Shell's Integrated Gas division
Shell's Q3 results to be hit by weaker refining margins and lower gas profits
The oil and gas giant said refining margins in its chemicals and products division were US$15/bbl compared to US$28/bbl in the second quarter, which is expected to take between US$1bn to US$1.4bn off adjusted EBITDA
Shell increases UK North Sea presence with acquisition of Victory gas discovery
Victory has been described as a “relatively simple” tie-back gas development, albeit located in the West of Shetland region
Shell's boss suggests tax on energy companies to help households
Van Beurden criticised the energy price cap, saying oil and gas and energy companies would struggle to bring extra supplies if the price incentive wasn’t there
Shell appoints from within, but why do giant companies love in-house recruitment?
Internal hires maintain continuity of tone and strategy
Shell confirms the exit of CEO Ben van Beurden; names successor
van Beurden's successor as Shell CEO will be Wael Sawan, who currently heads the company’s gas, renewables and energy solutions business
Archive
FTSE 100 rebounds at the close to finish slightly ahead
Brent crude oil fell 3% on Thursday on expectations of weaker demand and a strong US dollar.
Shell boss to step down next year - report
Four candidates have been earmarked as his possible successor
Energy and oil giants to bank £170bn in profits over next two years, report
The analysis showed that around 40% of these excess profits will go to big power producers
Oil prices tumble on recession fears and Iran rumours
In response to looming rate hikes by central banks and the OPEC+ meeting next week, oil prices slid
Shell chief warns European gas shortages will last several winters
Warning could raise the prospect of further rationing and demand for alternatives
Shell fined by UK energy watchdog for charging thousands of customers more than the price cap
Shell Energy Retail created “additional financial hardship" for the customers at a time when energy prices are at historic high levels, the regulator said
UK government announces £20mln boost to EV charge point scheme
The government is aiming to increase the UK’s charge points to 300,000 by 2030
In the face of record dividends, is this the best time to be a shareholder?
97 out of 100 FTSE 100 companies are expected to pay a dividend in 2022
UBS flags FTSE 350 stocks that are 'quality but trading on recession discount'
Strategists screened for three factors for ideal stocks, including that their shares are trading below price-to-book and how their 'recession-adjusted P/E' compared with their 10-year average
Shell closes three Gulf of Mexico rigs after 'small' leak
Shell's Mars, Ursa and Olympus platforms were shut temporarily
Shell, BP, British Gas bosses summoned by government with talk of new windfall tax
Any decision regarding a levy on the energy and oil and gas businesses is unlikely to be confirmed until a new Prime Minister is announced
Shell to award staff for record profits with one-off bonus
Last week, the FTSE 100 company announced record profits for the second consecutive quarter of £9.5bn
UK households to start receiving energy bill discount in October
Households will see a deduction of £66 from energy bills in October and £67 from December to March
Shell reveals 154% rise in Q2 income amid soaring fuel prices
Shell intends to reinvest the windfall - alongside a US$6bn share buy-back - to secure new energy supplies 'the world needs today'
Archive
FTSE 100 closes slightly in the red as investors mull mixed picture
Britain's premier share index finished nearly three points lower, or 0.04%, at 7,345
Shell expects to earn US$400-900mln from renewables in Q2, investors made to wait for oil and gas earnings
The energy giant said it completed a US$8.5bn share buy-back programme this week, and, at group level, it expects to pay between US$3.3bn and US$3.7bn of taxes for the quarter
FTSE 100 ends higher as pound climbs after Boris Johnson resignation; US stocks push ahead
The UK blue-chip index closed 81.31 points, or 1.1% higher at 7,189.08, below the session peak of 7,213.05 but well above the opening low of 7,107.77
Shell begins construction on 'Europe's largest renewable hydrogen plant'
The hydrogen produced will be used to supply the Shell Energy and Chemicals Park in Rotterdam
Oil prices back above US$100 a barrel although recession fears curb gains
Oil fell below US$100 a barrel yesterday as concerns about a global recession outweighed supply worries
Shell and BP to deliver even greater profits and shareholder returns for Q2 - analyst
Bumper dividends and boosted buyback programmes await investors later this month as the so-called oil supermajors report on their second quarters.
Why so many hydrogen deals are being announced around the world
Looking many of the recent hydrogen deal, from Shell and BP to Walmart, plus examining what makes this chemical special
Equinor threatens to abandon North Sea project over UK windfall tax: reports
Energy companies warn of the potential deterrence of investment in the North Sea due to the UK government's tax
Shell wants more government support for green energy ambitions
Expansion plans include clean power to more households and EVs with over £20bn investment over the next decade
UK ambition to be 'Saudi Arabia of wind' could absorb contraction in oil and gas
The UK is aiming to become the ‘Saudi Arabia of wind’ and offshore wind growth could absorb the ongoing contraction in fossil fuels
Shell fancied by Credit Suisse for energy transition “megatrend”
The Swiss bank has a 3,000p price target for Shell, versus a market price of around 2,400p.
Drivers need to 'brace' for £2 a litre as lorries pay £20,000 more a year
An average lorry now needs £61,000 of fuel, up from £41,000 in 2021
Shell CFO expects to pay incremental 'near-term' windfall tax
RBC said Shell’s current share price “poorly reflects” its underlying value and expects the oil company to outperform the market
FTSE 100 closes higher as markets attempt another relief rally
Britain's blue-chip benchmark finished up around 42 points, or 0.56%, at 7,564
Shell AGM besieged by climate protestors
The oil company sought support from shareholders for its 'Net Zero' climate strategy.
Shell investors to have say on climate strategy after safety consultant quits
The oil giant's AGM is on Tuesday at 10am in London
Shell's chief executive faces revolt over pay package
Van Beurden has seen the value of his stock climb to £23mln from £14mln as investors put their money into oil and gas stocks
Shell plans to increase installation of electric vehicle charging stations by 2030
Shell says it will install the chargers to help Britain reach its target of no fossil fuel cars by 2030 and to address the fact that 60% of city dwellers do not have private parking
Windfall tax on North Sea oil and gas operators could raise £2bn, says Labour
Income from a one-off levy could be used to support UK households struggling to cope with soaring energy prices
Five reasons not to slap BP and Shell with a windfall tax
Investments to deliver tomorrow's production could do more to help British household costs down.
Shell calls for Downing Street to approve North Sea gas project
As calls for a windfall tax on the industry get louder, Beurden believes Shell can help bring prices down by investing in production, and hinted a windfall tax could force it to scale back its £25bn investment plans
Shell boosts dividend as quarterly profits soar
The oil major's dividend was increased by around 4% whilst an US$8.5bn share buy-back programme is ongoing.
FTSE 100 ends modestly higher thanks to energy boost, but UK rate hike weighs on pound; Wall Street plunges
At the close, the FTSE 100 index was up 9.82 points, or 0.1% at 7,503.27, just off the day’s low of 7,495.89 and well below the session’s hefty peak of 7,619.39
Shell - windfall tax, BoE - interest rates, Next - consumer squeeze, it's super Thursday
Windfall tax clamour to grow as Shell reports while UK rates tipped to rise again
UK dividends drop in first quarter and 'headwinds on the horizon'
Mid-cap dividends rose faster than the top 100, up 30.5% on an underlying basis
Shell directors face 'liability risks' for ignoring Hague climate change ruling
“What Shell does or doesn't do is determined by the people in charge, that's why we’re looking at them. The board has to be aware that it is wilfully exposing Shell to potential damage claims that the company could never pay.”
Shell's blue hydrogen deal highlights pivot towards 'carbon management'
Shell and Uniper aim to take the project to front end engineering and design by 2023
FIVE at FIVE: Is there money in decarbonisation? Buyers circle Chelsea FC; Double dose of Musk plus more
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Shell is in a three-horse race for solar portfolio
Binding bids are due by the end of April, according to Reuters’ sources
Shell and BP can lead on decarbonisation and make big money, suggests broker
"The business model switches from commodity-style in nature to being one that offers energy as a service."
AstraZeneca topples Shell as London's top dog but what about the "march of the makers"?
Resource companies still have a disproportionate effect on the direction of the Footsie but the industrial sector has done sneakily well over the last five years
Shell: Russia exit to result in US$5bn hit as oil giant also warns of significant cash outflow in Q1
Thursday's warts-and-all update detailed a US$5bn hit and also revealed the oil major has suffered very significant working capital outflows
FTSE 100 closes down as stocks go ex-dividend while Fed minutes weigh on Wall Street
“A slew of UK names have gone ex-dividend today, with the result that the FTSE 100 has not joined in the modest gains seen on the continent," said Chris Beauchamp, chief market analyst at online trading platform IG
Shell's ex-finance chief gets £921,000 golden goodbye
She will still be entitled to a cash bonus, but it will be pro-rata
FIVE at FIVE: Shell plans green energy investment, Next lowers guidance, P&O boss told to jump ship and war to hit insurance market...
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Shell says it needs government support to invest more into UK energy
The oil supermajor, which made a £15bn profit last year, suggested its UK arm would invest £15bn to almost £19bn in low-carbon energy
Oil price to keep rising, buy Shell and BP says Deutsche Bank
“On inventory levels alone, we see US$90/bbl Brent currently justified"
Shell reportedly mulling reviving the Cambo oil field project
It is just over three months since Shell said the economic case for the controversial field 75 miles off the west coast of the Shetlands did not merit further investment; a lot has changed since then
Govt cut to fuel duty is 'drop in the ocean', calls for petrol station regulator
“There has to be transparency in the way petrol and diesel prices are reached,” said campaigner FairFuelUK
Shell among final bidders for Indian renewables group - report
Private equity owner Actis is evaluating final offers for Sprng Energy, the report says
Shell board faces legal action from ClientEarth over alleged mismanagement of climate risk
“We believe that there are sufficient grounds to assert that Shell’s board is mismanaging the material and foreseeable climate risk facing the company," said ClientEarth lawyer Paul Benson
Shell and BP are best picks as oil heads towards new supercycle, suggests JP Morgan
Oil prices are likely to ‘normalise’ at US$125 a barrel suggests the broker
Shell shares dip as US$400mln Russian write off flagged
The oil majors shares fell just over 1% in Thursday's deals.
Archive
FIVE at FIVE: FTSE 100 volatile, Shell U-turns out of Russia, GlaxoSmithKline 'attractive' , 88 Energy starts drilling, UK government phases out Russian oil
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Shell pledges to stop buying Russian crude oil and start 'phased withdrawal' from supply chain
Withdrawing from Russian petroleum products, pipeline gas and LNG is "a complex challenge" and a transition to other energy supplies "will take much longer"
FTSE 100 closes in positive territory as US to ban imports of Russian oil and gas
Britain's blue chip benchmark finished up around four points, or 0.07%, at 6,964.11
Shell CFO departs after oil giant's shift to London base
This comes the day after Shell vowed to remove itself from all Russian operations following the country’s continued invasion of Ukraine
Archive
FTSE 100 ends lower as Russia-Ukraine conflict intensifies
The UK blue chip index falls back and US investors take cover as hostilities continue
Fracking ruled out again by UK Business Secretary Kwarteng
Heating bills in the UK are set to rise by 54% to an average of £1,971 at the start of April
Oil & gas body hits back at climate activists
UKOOG policy manager said expanded drilling was the best way to make up for costly future shortfalls
Crude oil spikes over US$105 per barrel sending London oil stocks higher
Brent and WTI crude benchmarks surge higher still in Thursday morning's deals.
Oil majors including Shell and BP accused of greenwashing over clean energy transition
"The magnitude of investments and actions does not match discourse," the authors said