Tag: Shell

July 27, 2023

Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged. The British […]

October 6, 2022

Shell SHEL -4.52%▼ PLC said it expects its third-quarter earnings to be hit by lower refining margins along with “significantly lower” profit from trading gas, as a global scramble for energy supplies riles markets. The London-based company said Thursday in […]

August 17, 2022

A federal appeals court ruled that lawsuits by Delaware and Hoboken, N.J., seeking compensation from oil companies for the impacts of climate change should be decided in state, not federal courts. The decision Wednesday is the latest procedural victory by […]

July 29, 2022

Exxon XOM 4.30%▲ Mobil Corp., Chevron Corp. CVX 8.23%▲ and Shell PLC, SHEL 3.20%▲ the three largest Western oil companies, banked a record $46 billion in collective profits in the second quarter, fueled by the highest energy prices in over […]

July 28, 2022

Shell SHEL 0.74%▲ PLC reported a second consecutive record quarterly profit as the oil major benefited from soaring global energy prices and a continued rebound in the global economy. The London-based company said Thursday that strong demand and higher prices […]

March 8, 2022

Shell said March 8 that it will stop buying Russian oil after Ukrainian officials criticized the energy giant for buying a shipment of crude from Moscow and demanded that all multinational companies sever ties with Russia over the war. The […]

May 26, 2021

Exxon Mobil Corp. and Royal Dutch Shell PLC suffered significant defeats Wednesday as environmental groups and activist investors step up pressure on the oil industry to address concerns about climate change. In a first-of-its-kind ruling, a Dutch court found that […]

May 24, 2021

Businesses are buying more renewable power, and oil majors want a piece of the action. European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals to supply electricity to […]

April 7, 2021

Royal Dutch Shell Plc expects to make its first profit from pumping oil since the start of the pandemic, the petroleum giant said. Shell’s upstream unit, which largely handles the exploration and production of crude, was able to capture “the […]

February 11, 2021

LONDON— Royal Dutch Shell PLC said it would start reducing oil production, calling an end to a decades-old strategy centered on pumping more hydrocarbons as it and other energy giants seek to capitalize on a shift to low-carbon power. The […]

May 5, 2017

As oil prices recovered from heavy declines, net profit at Royal Dutch Shell increased more than sevenfold in the first quarter, the energy giant said on May 4. Profit after tax came in at $3.538 billion in the three months […]

October 24, 2016

Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”) announced it has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately […]

June 8, 2016

Shell Chemical Appalachia LLC (Shell) has taken the final investment decision to build a major petrochemical complex, comprising an ethylene cracker with polyethylene derivatives unit, near Pittsburgh, Pennsylvania, USA. Main construction will start in approximately 18 months, with commercial production […]