Shell, Europe’s largest oil company on Monday said it will “evaluate” its plan to spend as much as £25B on its U.K. operations over the next decade in response to British government’s decision to increase a windfall tax on oil and gas producers, David Bunch, chairman of the company’s U.K. business said. The tax, known as the Energy Profits Levy (EPL), will raise the total taxes on the energy sector to 75%, among the highest in the world. It nevertheless … Continue reading “Shell Will Evaluate British Energy Investments after Windfall Tax Brings Total Taxes to 75%”
Shell, Europe’s largest oil company reported stronger than expected third quarter results Thursday that fell 18% to $9.45 billion for the period, beating market expectations of $9.0 billion but down from $11.47 billion the prior quarter. $SHEL cited lower trading and margins and higher expenses. The oil major announced a $4 billion share-buyback program and kept its quarterly dividend upping shareholder returns. The company’s decision to keep its quarterly dividend unchanged at 25 cents a share disappointing some investors. Shell … Continue reading “Shell 3Q Earnings $9.45 billion, Lower on Refining and Trading Revenues”
Shell, Europe’s largest oil company reported stronger than expected second quarter results Thursday with $11.5 billion second-quarter profit smashing the mark it set only last quarter. Surging natural gas and oil prices and refining margins that roughly tripled in the second quarter, to $28 per barrel, the company said. The Oil Major reversed $4.3 billion in impairments it took early in the Covid-19 pandemic. Shell shares rose 1.8% in morning trading in London. The company’s decision to keep its quarterly … Continue reading “Shell Records Second Consecutive Record Quarterly Profit as Energy Prices Surged”
Royal Dutch Shell, Europe’s largest oil company, bought Inspire Energy Capital LLC (Inspire), a US renewable energy residential retailer. $RDS aim to become a net-zero emissions energy business by 2050
Royal Dutch Shell, Europe’s largest oil company reported weaker than expected second quarter results Thursday. $RDS.A fell near 5%, their biggest one-day fall since January 2016. Shell’s integrated gas division performed the worst, earnings down 25% year on year.
Royal Dutch Shell PLC has followed ConocoPhillips in exiting the Greater Sunrise natural-gas project. $RDSA has agreed to sell its 26.56% stake in the fields off the northern coast of Australia to the government of East Timor for $300 million.
Royal Dutch Shell, Europe’s largest oil company reported weaker than expected third quarter results Thursday, However with cash flow surging from higher oil prices $RDS.A anounced they will increase buybacks in stock.
Royal Dutch Shell reported weaker than expected second quarter results Thursday with lower downstream input. $RDS.A, the first big oil earnings to report announced they will increase buybacks to at least $25 billion in stock.
Royal Dutch Shell reported strong first quarter results Thursday, profits up 42% on the quarter. $RDSA, the first big oil earnings to report beat analysts forecasts boosted by prior cost cutting, strong refining operations, chemicals and a rise in LNG and oil prices.
The geopolitical nature and globalization of energy makes the IHS Markit hosted CERAWeek one of the world’s premier energy events. The significant players from the world over will be in attendance In Houston March 5 to the 9th, 2018. Speakers include Saudi Aramaco, BP, Shell CEOs and politicians like OPEC Secretary General Mohammed Barkindo.