14 articles
Shell Plc anticipates robust third-quarter earnings driven by volatile energy trading and high refining margins amid Middle East conflict. CEO Wael Sawan noted oil flows have recovered to 80% of prewa
Shell Plc has terminated negotiations with Poland’s Unimot SA regarding its stake in the Russia-linked Schwedt refinery, leaving the asset in ownership limbo following severed energy ties between Mosc
Shell PLC accepted multiple non-binding bids for its US chemical assets from major producers like Exxon Mobil and LyondellBasell, according to a Financial Times report.
Shell Plc is seeking buyers for its US chemicals unit, with ExxonMobil among suitors in talks for assets valued at up to $8 billion, including a major polymer production complex.
Shell Plc veteran Geoffrey Mansfield resigned from his global low-carbon fuels trading role after 26 years, reflecting industry shifts away from energy transition assets amid earnings boosts from regi
Shell PLC’s chemicals business returned to profit in Q2 with $354 million earnings, reversing seven consecutive quarterly losses as global margins nearly doubled to $270 per metric ton. Sales volumes
Nigeria granted Shell Plc enhanced tax credits for its $20 billion Bonga Southwest deepwater project to boost crude production. The incentive, valid until 2029, offers $11.50 per barrel rebate and may
Aditya Birla Renewables secured $1.5 billion in financing from MUFG to acquire Shell Plc's renewable energy assets in India. The deal underscores increasing Japanese lender participation in large-scal
Shell Plc confirmed Executive Vice President David Wells will retire from its energy trading division, succeeded by Bob Kijkuit. The unit trades oil, gas, and chemicals, playing a critical role in the
Shell Plc is nearing a $1 billion sale of its South African fuel stations to Abu Dhabi National Oil Co., granting control over 600 outlets. This deal supports Adnoc's global expansion while aligning w
Shell Plc plans to sell its offshore wind farms for over $1 billion to refocus on higher-returning fossil fuel operations. The divestment marks a strategic shift away from renewables under CEO Wael Sa
Vitol Group surpassed Shell Plc among top US physical natural gas traders, driven by soaring demand for power generation and exports, according to FERC filings showing a 14% trading increase in 2025.
Shell Plc's government payments fell 15% to $23.8 billion in 2025, with Brazil overtaking Nigeria as the top beneficiary due to increased offshore output. Nigeria's contribution halved to $2 billion a
Shell Plc reported a surge in Q1 adjusted net income to $6.92 billion, driven by soaring oil prices and trading volatility linked to the Iran conflict. Brent crude rose over 50%, benefiting European s
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