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Shell's Wesseling oil refinery in Germany

Shell to shut German oil refinery, convert to chemicals

Shell will shut down its oil refinery in Wesseling in Germany, by 2025 and convert the site to produce chemicals as part of its drive to reduce its carbon emissions, the company said today.

Business • 26 Jan 24

Reports have suggested that Shell has paused transit through the key Red Sea shipping route indefinitely

Shell halts Red Sea shipments on attack fears - report

Oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Huthi rebels, according to a media report today.

Business • 16 Jan 24

Shell's adjusted earnings of $6.22 billion were broadly in line with a company-provided analysts' forecast of $6.25 billion

Shell posts $6.2 billion in Q3 profit, boosts buyback

Shell has today reported a 34% annual drop in third-quarter profit to $6.2 billion as energy prices cooled, with strong trading of liquefied natural gas (LNG) helping offset a sharp drop in its production.

Business • 02 Nov 23

Energy giant Shell is to slow its share repurchase programme

Shell's profits tumble 56% as energy prices cool

Shell has today missed forecasts with a 56% fall in second-quarter profit to $5 billion as oil and gas prices fell, prompting the energy giant to slow its share repurchase programme.

Business • 27 Jul 23

Shell is the world's biggest liquefied natural gas (LNG) trader

Shell warns of significant drop in gas trading results

Energy giant Shell said today that expects second-quarter gas trading results to be "significantly lower" than in the previous quarter.

Business • 07 Jul 23

Shell reiterated its target to become a net-zero emissions company by 2050.

Shell to sharply boost dividend in new CEO plan

Shell will ramp up dividends and share buybacks while keeping oil output steady into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence that wavered over its energy transition plan.

Business • 14 Jun 23

Shell shareholders will vote today on a shareholder activist resolution calling on the company to set more ambitious 2030 emissions cutting targets

Shell CEO shielded by security amid AGM protests

Security staff shielded Shell chief executive Wael Sawan and the firm's board of directors as climate protesters tried unsuccessfully to storm the stage at the energy giant's annual shareholder meeting in London today.

Business • 23 May 23

Shell reported adjusted Q1 earnings of $9.65 billion - exceeding a company-provided analyst forecast of $8 billion

Shell posts $10 billion Q1 profit despite lower prices

Shell has today posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading and higher liquefied natural gas (LNG) sales offset cooling energy prices.

Business • 04 May 23

Shell has launched its first electric ferry globally at its Singapore refinery

Shell launches first electric ferry at Singapore plant

Shell has today launched its first electric ferry globally at its Singapore refinery and said it would work with the city-state's port authority to cut emissions from ships.

Business • 17 Apr 23

Shell said its emissions dipped about 10% in 2022 to 1.232 billion tonnes of CO2 equivalent

Shell's 2022 emissions dip 10% on lower fuel sales

Shell's emissions dipped about 10% in 2022 to 1.232 billion tonnes of CO2 equivalent as its fuel sales, including gasoline and diesel, fell around 5% to 4.2 million barrels per day, according to its annual report and Reuters calculations.

Business • 09 Mar 23

Shell's annual annual earnings reached $39.9 billion, doubling from a year earlier and far exceeding the previous record of $31 billion in 2008

Shell makes record $40 billion annual profit

Shell today delivered a record $40 billion profit in 2022, capping a tumultuous year in which Russia's invasion of Ukraine allowed the energy giant to hand shareholders unprecedented returns.

Business • 02 Feb 23

Shell's new CEO Wael Sawan is making broad changes across the company

Shell to combine LNG and upstream businesses

Shell will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.

Business • 30 Jan 23

Shell said it now expects to have paid between $4.3 billion and $4.7 billion in global taxes over the fourth quarter

Shell to pay $2 billion in UK and EU windfall taxes

Shell has revealed it will pay around $2 billion in UK and EU windfall taxes for the latest quarter.

Business • 06 Jan 23

Follow This has tabled resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030

Investors ramp up pressure on Big Oil firms on 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.

Business • 19 Dec 22

Reuters had reported last month that Shell was among a number of companies joining a second bidding round

Shell to buy Danish firm Nature Energy for nearly $2bn

Shell has said it will acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing interest in biogas.

Business • 28 Nov 22

Shell had posted record quarterly earnings of $11.5 billion in the previous quarter and $4.1 billion a year ago

Shell reports $9.5 billion quarterly profit

Shell has today reported a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, and announced plans to sharply boost its dividend by year end.

Business • 27 Oct 22

The British energy giant reported two consecutive quarters of record profits in the first half of the year

Weaker refining, gas trading to hit Shell's Q3 results

Shell said today its third-quarter profits would be pressured by a near halving of oil refining margins, crumbling chemical margins and weaker natural gas trading.

Business • 06 Oct 22

Shell agreed to buy 51% stakes in the Western Star and Emerald projects in 2021

Shell pulls out of two Irish offshore wind projects

Shell has pulled out of two offshore wind projects in the west of Ireland operated by Simply Blue Group a year after the company acquired stakes in the developments.

Business • 26 Sep 22

Wael Sawan has been namded as the new CEO of Shell

Shell picks renewables boss as CEO to lead green change

Shell has turned to the head of its gas and renewables business to drive its transition to a greener future, picking Wael Sawan to replace Ben van Beurden as chief executive.

Business • 15 Sep 22

Northern Lights has agreed a deal to transport and store carbon dioxide captured from Yara Sluiskil, an ammonia and fertiliser plant in the Netherlands

European CO2 storage project signs 'milestone' deal

A carbon storage project owned by three major European oil firms has secured its first commercial deal in what they billed today as a "major milestone" in the decarbonisation of heavy industry.

Business • 29 Aug 22

The company also announced a share buyback programme of $6 billion in the third quarter.

Shell reports record profit of $11.5 billion

Shell has reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.

Business • 28 Jul 22

Shell said its margins were boosted by recovering global demand from Covid, a lack of refining capacity and lower fuel exports from Russia

Shell boosts oil and gas asset value as refining soars

Shell said today 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.

Business • 07 Jul 22

Ben van Beurden, Shell's chief executive

Shell CEO says spare capacity is running 'very low'

Uncertainty in global oil and gas markets could stay for some time to come as spare capacity is very low while demand is still recovering, Shell chief executive Ben van Beurden said today.

Business • 29 Jun 22

Shell aims to cut to net zero by 2050 all greenhouse gas emissions, including those from burning fuel and from products it sells.

Shareholders back Shell's climate strategy

Shareholders backed Shell's climate strategy in a meeting that was disrupted by dozens of climate protesters, while a climate activist proposal from the Follow This group received fewer votes than last year.

Business • 25 May 22

Lukoil is Russia's second-largest oil producer

Shell sells Russian retail business to Lukoil

Russia's second-largest oil producer Lukoil will buy Shell's Russian retail and lubricants businesses, the companies said today.

Business • 12 May 22