Tag: $Shell

Shell said on Wednesday that weaker first-quarter ‌gas output and a hit to short-term liquidity would be offset partly by stronger oil trading, offering an early glimpse into how the U.S.-Israeli war on Iranis reshaping oil majors’ earnings.

Shell (SHEL) is in advanced talks with Venezuela’s government to develop four large areas near Trinidad and Tobago, in two of the South ​American country’s largest offshore natural gas fields, two people familiar with the discussions said.

Shell Plc sees long-term global demand for liquefied natural gas continuing to grow because of its flexibility and reliability, even as the conflict in the Middle East brings volatility to prices.

Liquefied natural gas suppliers, including Shell Plc, are declaring force majeure on customers across Asia due to the shutdown at the world’s largest export plant in Qatar, according to people with knowledge of the matter.

Σύμφωνα με το MoU, οι δύο εταιρείες θα προμηθεύουν και θα εμπορεύονται ποσότητες περίπου 0,5 έως 1,0 bcm ετησίως για την πενταετία 2027–2031

British oil major Shell on Thursday reported its weakest quarterly profit in nearly five years, amid a weaker crude price environment and unfavorable tax adjustments in the fourth quarter.

Shell (SHEL.L), has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, a legal filing seen by Reuters shows, weeks after rival BP (BP.L), won a similar $1 billion-plus arbitration.

British oil major Shell on Thursday reported stronger-than-expected third-quarter profit, citing robust operational performance and higher trading contributions.

Britain’s Shell on Thursday reported better-than-expected second-quarter profit and maintained the pace of its shareholder returns, despite the impact of lower global oil and gas prices.

British oil giant Shell on Friday reported stronger-than-expected first-quarter profit and kept the pace of its share buyback program, even as earnings fell by more than a quarter compared to the same period last year.

British oil major Shell on Tuesday announced plans to increase shareholder returns and cut spend, as it doubles down on its liquified natural gas (LNG) push.

British oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of the year.

Shell warned of significantly lower earnings in its integrated gas division and cut production guidance across its oil and gas segments.

Oil major Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.

British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp decline in crude prices and lower refining margins were partially offset by higher gas sales.

Shell on Tuesday said it had temporarily halted construction of a major biofuels production facility in the Netherlands, in a bid to ensure it is able to produce competitively in the face of an anticipated flood of sustainable fuels into the market from the U.S.

Shell, the biggest European oil-and-gas company, reported better-than-expected earnings for the first quarter and launched a new share buyback program to win over investors.

Shell on Friday said it expects results from its gas and power trading business will be “significantly lower” in the first quarter of 2024 than the “exceptional” results it posted in the fourth quarter of 2023 that previously bolstered its bottom line.

Shell reported adjusted earnings of $28.25 billion for the full-year 2023, a 29% drop compared to its highest-ever annual profit of $39.9 billion the year prior.

Shell on Monday flagged impairment charges of up to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell.