shell
More than a fifth of shareholders voted against Shell’s current climate strategy during the company’s annual general meeting (AGM) in London yesterday. At the same time, they rejected a climate resolution filed by shareholder activist group Follow This. The NGO, which unites shareholders in oil and gas companies to support climate resolutions, called for the company to align its targets with Paris Agreement goals. It is the first AGM since Shell scaled back several climate commitments earlier this year. In March, the company weakened its 2030 carbon reduction targets. It cited a strong demand ...
Euronews (English)
Activists from the anonymous collective Brandalism have replaced more than 200 adverts around the UK without permission with satirical posters protesting what it says is Shell’s “lethal legacy”. They are calling for sports organisations, shareholders, local authorities and advertising agencies to reject money from Shell and other fossil fuel companies. This guerrilla protest action comes just days before shareholders are due to meet for the oil company’s AGM on 21 May. Brandalism says its stunt “takes aim at Shell’s political lobbying and the oil major's use of marketing strategies to maintain...
Euronews (English)
Shell has sold millions of ‘phantom’ carbon credits based on emissions savings that never happened, according to a new investigation. The fossil fuel giant made more than $200 million Canadian dollars (€135 million) selling the credits from its flagship carbon capture facility to Canada’s biggest oil sands companies. But a two-for-one deal struck with the Government of Alberta meant that Shell was selling credits for two tonnes of CO₂ for every one tonne that it actually captured. Greenpeace Canada’s new ‘Selling Hot Air’ report explains how this legal but climate-wrecking operation worked. He...
Euronews (English)
Energy conglomerate Shell is currently negotiating the sale of its extensive gas station network in Malaysia to Saudi Arabia’s state-owned oil company, Saudi Aramco, in a deal that industry insiders estimate could reach $1 billion, Reuters reported. Strategic divestiture amid global refocusingShell, headquartered in London, operates around 950 fuel stations in Malaysia, making it the country’s second-largest network after the state-owned Petronas. The potential sale, which began discussions in late 2023, is part of Shell’s broader strategy under CEO Wael Sawan to streamline operations and conc...
Invezz
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion - and also said it has started repurchasing shares. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, ...
DPA
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion - and also said it has started repurchasing shares. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, ...
DPA International
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, lower than prior year's $21.43 billion. Total reven...
DPA International
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, lower than prior year's $21.43 billion. Total reven...
DPA Breaking News
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion - and also said it has started repurchasing shares. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, ...
DPA Breaking News
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, lower than prior year's $21.43 billion. Total reven...
DPA
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