Shell to Shut Its Convent, La. Refinery Amid Pandemic
Royal Dutch Shell said on Thursday it will shut down its refinery in Convent, Louisiana, the largest U.S. facility to close since the coronavirus pandemic first hit and devastated economic demand worldwide.The shutdown…
Shell Pursues Exit from Indonesia LNG Project
Royal Dutch Shell is moving to sell its stake in Indonesia's $15 billion Abadi liquefied natural gas (LNG) project, industry and banking sources said, following on from an asset disposal…
Shell CFO Sees Oil Industry Cost Inflation
Royal Dutch Shell Chief Financial Officer Jessica Uhl said on Wednesday wages and services costs in the oil and gas industry around the world have started rising following a deep downturn since 2014."We are seeing wage inflation a
Shell Profits Soar
Royal Dutch Shell's profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.Although…
Shell's LNG Canada Seen as Tip of Megaproject Iceberg
The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch…
Shell Trading Disappoints in First Half of 2018 -CFO
Royal Dutch Shell's oil trading profits fell short of expectations in the first half of the year, Chief Financial Officer Jessica Uhl said on Thursday."Trading has been a bit soft for us in the first half…
Big Oil Takes Stage for Post-austerity Beauty Contest
With years of austerity in their rear-view mirrors, the world's biggest oil companies are locked in a beauty contest to lure investors with promises of growth and greater rewards. Royal…
Shell Poised to Dethrone Exxon as Q4 Profits Double
Profits rise 120 percent to $16 bln in 2017; Q4 profits more than double, beating forecasts. Royal Dutch Shell could usurp its largest rival Exxon Mobil as the energy sector's biggest cash…
Shell: U.S. Shale's "rational behaviour" Helping Prices
U.S. shale oil producers have stopped chasing record production numbers and have become more focused on profitability, meaning this "rational behaviour" is helping to prop up oil prices…
Shell Sells Out of Woodside Petroleum for $2.7 Bln
Royal Dutch Shell on Monday sold its entire stake in Australia's largest independent oil and gas company Woodside Petroleum Ltd for $2.7 billion as it pushes ahead with its vast disposal programme.
Shell's Profit Surges As Oil Sector Rebounds
Royal Dutch Shell said net profit more than doubled in the first quarter, joining its peers in beating analyst forecasts as rebounding oil prices and refining margins lifted revenue after a near three-year downturn.
Rio Tinto Recruits Three to BoD
Simon Henry, Sam Laidlaw, David Constable named as non-execs. Rio Tinto has appointed three former senior managers from the energy industry to its board as non-executive directors, including Shell's departing CFO Simon Henry…
Shell CFO Heads to Rio Tinto
Royal Dutch Shell's chief financial officer, Simon Henry, will join miner Rio Tinto as non-executive director from July 1 after he leaves the oil major. Henry, who has served as CFO for seven years of his 34 years at Shell…
Shell CFO to Leave in March
Jessica Uhl to replace Simon Henry as CFO on March 9; Uhl joined Shell in 2004 after working at Enron, Citibank. Royal Dutch Shell Chief Financial Officer Simon Henry will step down in…
