The chief executive of Shell said today that “symbolic” bans on oil and gas exploration and production would not help the UK tackle climate change.
Ben Van Beurden
Shell has been accused of sending out the "wrong signal" after confirming plans to challenge a court ruling ordering it to accelerate emissions cuts.
Shell’s CEO has said it will “rise to the challenge” after the supermajor was ordered by a Dutch court to drastically cut its emissions.
British-Dutch oil major Shell published its Energy Transition Strategy today.
European oil major Royal Dutch Shell on Wednesday urged U.S. oil and gas trade groups to take stronger positions in the fight against climate change under the threat of leaving them.
A Milan court has acquitted Shell and Eni, and their executives, of allegations of wrongdoing around Nigeria’s OPL 245 licence.
British-Dutch energy giant Shell has announced the appointment of Scotland-born geologist Sir Andrew Mackenzie as its new chairman.
Shell North Sea boss Steve Phimister is moving into a new role as part of a change of UK senior leadership.
Shell will freeze salaries for most of its employees this year, according to people with knowledge of the matter, as it looks to save cash amid an overhaul of the company.
Shell has named the UK North Sea as one of nine “core positions” for its oil and gas business going forward, as it today revealed its net zero strategy.
Shell is "reviewing" further sales of assets in Nigeria, the company said.
Shell has launched a new “accelerated” strategy to get to net zero, and confirmed that oil production peaked for the company in 2019.
Shell’s boss said today that the recent “strong recovery” in oil prices meant the supermajor would have “room to spend” cash on upstream projects, including in the North Sea.
Shell recorded pre-tax losses of £19.8 billion during an “extraordinary” 2020 marked by the Covid-19 pandemic and lower commodities prices.
Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.
Shell has reiterated its “commitment” to the North Sea and West of Shetland, saying there is still “running room” in the region.
Shell CEO Ben van Beurden has said the energy giant will “resize as appropriate” as it moves to become a “simpler and leaner” organisation.
Shell has posted losses of $18.1billion (£14bn) for the second quarter of 2020 as oil, LNG and gas prices remain depressed.
Shell is looking “long and hard” at its organisation and portfolio as it works to emerge from Covid and move towards net zero, according to its UK boss.
Shell has warned it will take impairments of up to £17.8billon ahead of its second quarter results due to the impact of the Covid-19 pandemic.
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
Royal Dutch Shell Plc had been turning out about 2.7 million barrels of oil each day until the novel coronavirus took hold of the world.
A shareholder activist group has claimed a ‘big win’ after an increase in the number of investor votes urging Shell to meet its climate targets.
When the pandemic is all over will society go back to driving cars and hopping on planes with nary a worry as it did just two short months ago?
Shell’s boss has said the firm will “probably” have to reduce its headcount and “resize” parts of the organisation the longer the oil price slump lasts.