8 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 CEO Wael Sawan states Middle East oil flows are near 80% of prewar levels, highlighting supply resilience amidst regional conflict. He cautions that prolonged war risks future disruptions, leadi
Shell CEO Wael Sawan identifies a competitive advantage in Venezuelan gas over heavy oil, citing five new agreements including participation in the 7-trillion-cubic-feet Loran offshore gas field.
Shell intends to divest up to $8 billion in U.S. chemicals assets to prioritize its oil and gas core business, attracting interest from major players like LyondellBasell and ExxonMobil.
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
Shell CEO Wael Sawan predicts crude oil market equilibrium may take over a year due to a 1.2 billion barrel deficit and geopolitical disruptions. He warned that inventory drawdowns are temporary and m
Shell CEO Wael Sawan asserted that meeting global oil demand is essential for decades, rejecting activist proposals to model declining demand scenarios. Shareholders will vote on the resolution, which
Shell CEO Wael Sawan warns Hormuz Strait blockades may cause energy shortages persisting until 2027 due to major oil and LNG production disruptions. Concurrently, Shell completed a $13.6 billion acqui
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