Shell plc announced on Tuesday that it intends to increase shareholder distributions from the current 30-40% to 40-50% of cash flow from operations.In a press release ahead of Capital Markets Day 2025, the oil giant said it will maintain progressive dividends of 4% per year and increase free cash flow...
Shell plc is evaluating the potential sale of some of its chemical operations in the U.S. and Europe as it sharpens its focus on the most profitable parts of its business, The Wall Street Journal said on Sunday citing sources close to the matter.Sources said the company has enlisted Morgan Stanley to assess...
Scottish judge Andrew Ericht has ruled Wednesday that the UK government acted "unlawfully" in approving the Rosebank oilfield and Jackdaw gas project, marking a significant victory for climate campaigners.The court found that the government failed to properly assess the climate damage...
Shell plc revealed on Thursday that its profit in the fourth quarter of fiscal 2024 amounted to $3.66 billion, sliding 50% compared to the same timeframe in 2023. Meanwhile, on an annual basis, income attributable to the firm's shareholders came in at $928 million, soaring 96%, while basic...
Shell plc and Equinor ASA announced on Thursday that they decided to team up to create the largest independent oil and gas company in the United Kingdom.According to the statement, the two companies will combine their UK offshore oil and gas assets to establish a joint venture, based in...
A Dutch appeals court overturned a prior climate-related ruling made in 2021, which had mandated that Shell significantly lower its greenhouse gas emissions.The new judgment indicated that Shell was already progressing towards reaching the necessary targets for its direct emissions. However, it...
Shell PLC announced on Thursday that its adjusted earnings decreased by 4% to $6.02 billion in the third quarter of fiscal 2024, compared to $6.2 billion in the same quarter of fiscal 2023. The result comes while the company struggles with lower crude prices and weak refining margins.However, during...
United States Bureau of Safety and Environmental Enforcement estimated in its latest report on Thursday that 42% of oil production, alongside 53% of gas production, in the Gulf of Mexico "has been shut-in" over Tropical Storm Francine."Today, personnel have been evacuated from a total of 169...
Shell PLC announced on Thursday its adjusted earnings in the second quarter of the fiscal year 2024 saw an annual increase of 24% to reach $6.29 billion.The oil company's income attributable to shareholders advanced by 12.2% compared to the same period of the previous year to stand at $3.52...
The Abu Dhabi Media Office announced Wednesday that oil companies BP Plc, Shell Plc, and TotalEnergies SE, along with trading firm Mitsui & Co. formally signed an agreement in which each of them will be awarded 10% of equity stakes of the state-owned ADNOC project for liquefied natural gas...
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