- Shell, Partners Set to Approve Doubling LNG Canada Project Capacity
Shareholders of Canada’s biggest liquefied natural gas facility, including Shell Plc, are poised to make the financial commitment to double the project’s capacity as soon as next week.
Deals·1 article / 1 outlet·3d ago
- Abu Dhabi’s XRG Is Said to Eye Stake in Shell-Backed LNG Canada
Abu Dhabi’s XRG is exploring the acquisition of a stake in the Shell Plc-led LNG Canada export project, as the state-owned group pursues plans to become a major global supplier of natural gas, people familiar with the matter said.
Deals·1 article / 1 outlet·4d ago
- Shell's Upstream Boss Acquires Shares Following ARC Resources Deal Boosting Cash Flow
Shell's acquisition of ARC Resources is anticipated to enhance its free cash flow starting next year.
Deals·1 article / 1 outlet·15d ago
- BP and Shell Need to Be More Nimble Amid Competitive Challenges
Lacking natural advantages and national support of other energy majors, the companies need to be more nimble.
Macro·1 article / 1 outlet·18d ago
- Shell Ends Talks With Unimot Over Russia-Linked Schwedt Refinery Stake
Shell Plc has ended years-long talks with Poland’s Unimot SA over selling its stake in Germany’s Russia-linked Schwedt refinery, according to people familiar with the matter.
Deals·1 article / 1 outlet·30d ago
- Shell Draws Exxon Interest In $8bn US Chemical Assets Sale
Shell is looking to sell its underperforming US chemical assets valued at $8 billion, attracting interest from Exxon and LyondellBasell. The UK group aims to refocus its operations on oil and gas.
Deals·2 articles / 2 outlets·33d ago
- Shell Trader Geoffrey Mansfield Resigns After 26 Years at Oil Major
Shell Plc veteran Geoffrey Mansfield has resigned from his role as global desk lead for low-carbon fuels trading, according to a person familiar with the matter.
Macro·1 article / 1 outlet·39d ago
- Polanski Calls for Higher Taxes on Oil and Gas Profits Amid Record Earnings
Roman Polanski has called for increased taxes on oil and gas profits to support wildfire prevention efforts. This demand comes as both Shell and BP reported their highest quarterly profits in four years.
Macro·1 article / 1 outlet·52d ago
- KKR Buys Total Renewable Power Stake in €1.8 Billion Deal
TotalEnergies SE agreed a pair of renewable power deals, selling a 50% stake in a portfolio of assets valued at €1.8 billion ($2.1 billion) to an insurance account managed by KKR & Co. and also buying Shell Plc’s European onshore renewables assets.
Deals·1 article / 1 outlet·55d ago
- Shell Reports Highest Profits Since 2022 Amid Iran War Impact↩
Shell Plc announced a significant increase in its second-quarter profits, driven by a boom in oil refining and robust energy trading. The ongoing Iran war has disrupted global oil and liquid natural gas supplies, leading to a surge in prices.
Earnings·3 articles / 3 outlets·58d ago
- Shell Profit Surges to $9.8 Billion on Oil Trading and Refining Gains
Shell Plc reported a second-quarter profit of $9.84 billion, the highest since the outbreak of the Ukraine war. The surge in earnings was driven by higher oil and gas prices, record refinery utilization, and strong trading, exceeding analyst expectations.
Earnings·2 articles / 2 outlets·59d ago
- Shell Reports Record Utilization in Refining Business with $9 Billion Adjusted Net Income
Shell Chief Executive Officer Wael Sawan stated that the company is "built to be able to handle volatility." He added that Shell also had record utilization in its refining business, noting, "We haven't seen that in over a decade."
Earnings·1 article / 1 outlet·59d ago