All articles tagged with #shell
Shell reported $9.84 billion in adjusted Q2 2026 earnings, beating estimates and marking its best quarter since 2022 as higher oil and gas prices amid Middle East tensions boost profits; it generated $21.4 billion of operating cash flow, cut net debt to $41.75 billion, kept 2026 capex guidance at $24–$26 billion, and reiterated a $3 billion quarterly share buyback.
European oil majors BP, Shell, and TotalEnergies reportedly earned up to $4.75 billion more in their Q1 2025 trading than in Q4 2025, buoyed by Iran-related market volatility and oil-price spikes. The gains helped European majors outperform U.S. rivals Chevron and ExxonMobil, with Shell posting strong earnings on trading, BP more than doubling its quarterly profit, and TotalEnergies lifting its interim dividend by 6% while earnings rose about 30% year over year.
Shell is facing criticism over what its opponents call outrageous profits boosted by soaring oil prices, triggering calls for windfall taxes and greater scrutiny of energy giants, even as the company points to its investments and governance amid an evolving energy transition.
Shell beat first-quarter forecasts with $6.92 billion in adjusted earnings as the Iran conflict pushed crude prices higher; the company cut buybacks to $3 billion, boosted the dividend by 5% to $0.3906 per share, and announced a $16.4 billion deal to acquire ARC Resources, while net debt rose to about $52.6 billion.
Shell plc has signed a definitive agreement to acquire ARC Resources Ltd. in a deal valued at about US$13.6 billion, funded with a mix of cash and Shell shares, adding ARC’s Montney assets to Shell’s portfolio and immediately growing production by about 370 thousand boe/d. The transaction is expected to boost Shell’s production CAGR to roughly 4% through 2030 and strengthen its LNG footprint in Canada, with completion anticipated in the second half of 2026 subject to shareholder, court and regulatory approvals; it is accretive to free cash flow per share from 2027 onward.
Paramount Skydance disclosed in an SEC filing that David Ellison’s 2025 compensation totaled $63.2 million (mostly stock vesting over five years) and former president Jeff Shell’s totaled $60.68 million, with most of each package in stock awards (Ellison about $58.7 million) plus pro‑rated salaries and cash bonuses; Shell also will receive accelerated vesting of stock and cash under his separation agreement. Several other executives posted seven-figure stock‑based pay as Paramount navigates a Warner Bros. Discovery deal and Shell’s departure amid a securities dispute.
Shell has invoked force majeure on LNG cargoes it buys from QatarEnergy after a production halt at a Qatari facility, signaling broader supply disruptions as QatarEnergy and other buyers, including TotalEnergies and OQ, issue notices. QatarEnergy says it could take weeks to months to resume normal deliveries, with March shipments reportedly unaffected but April impact expected.
A hospital in Toulouse treated a man with a collectible shell lodged in his rectum. Staff called a bomb-disposal team due to the risk of an explosion, and firefighters were dispatched to ensure safety during the procedure. The patient reportedly inserted the shell himself, and surgeons extracted a nearly 20-centimetre shell.
Shell is considering re-entering Venezuela's gas sector, particularly the Dragon gas field, which could generate billions in revenue, following the political change in the US that may ease sanctions and accelerate development. The project holds vast reserves, but previous delays were due to licensing issues and US restrictions. US companies like Chevron are expected to lead investments, with European firms potentially joining through joint ventures. The move could significantly impact global oil markets, especially OPEC.
Shell's mergers chief has left the company after the CEO blocked a proposed bid for BP, highlighting internal disagreements over strategic acquisitions.
Some turtles, like side-neck turtles and box turtles, can tuck their heads into their shells as a defense mechanism, but sea turtles cannot due to their lighter shells. The turtle shell evolved over nearly 300 million years primarily for protection and support, with different species developing various ways to utilize or not utilize this feature. Fossil evidence shows the shell's evolution from wider ribs and other skeletal modifications, not solely for defense.
Shell US President Colette Hirstius criticized the Trump administration's decision to halt permitted offshore wind projects, calling it damaging to investment and warning of potential future political swings against the oil and gas sector, amid broader industry impacts and funding cancellations.
Shell criticizes the Trump administration's policies on wind energy projects, arguing that these attacks are detrimental to investment in renewable energy development.
Venture Global won an arbitration case against Shell and other energy companies, defending its practice of selling LNG on the spot market before its Louisiana facility was fully operational, which could influence future LNG contract disputes. Despite the win, Shell expressed disappointment, emphasizing the importance of trust in long-term LNG contracts.
Major oil companies like Shell, Exxon, and Chevron saw their stocks decline amid concerns over lower trading profits at Shell and OPEC's decision to increase oil output, which initially pushed crude prices down but later recovered due to tight physical markets.