All the updated news related to shell

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Chancellor to hold crisis talks with gas and electricity bosses

Energy sector bosses will take part in crisis talks with Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng as the price cap was forecast to hit more than £4,200 in January. In a new dire outlook for households, Cornwall Insight said ...

10 Aug 2022 at 06:28

City

BP expected to report soaring profit days after Shell and Centrica slammed

Bosses at BP will likely be nervously eyeing the headlines that fellow energy giants Shell and Centrica generated this week as they prepare to present their own set of bumper profits. The oil giant is expected to have made far more than twice ...

29 Jul 2022 at 15:42

City

Shell to give staff 8% bonus after record profits

Shell employees will get a one-off 8% bonus after the energy company reported record profits from massive energy price hikes. Most staff at the oil giant – which employs around 82,000 people worldwide – will be eligible for the pay boost. ...

03 Aug 2022 at 16:47

City

Shell posts record profits for second quarter running as energy prices stay high

Shell will return billions of dollars to its shareholders as it continues to profit from massive energy price hikes following the Russian invasion of Ukraine. The business said it would buy back six billion dollars (£4.9 billion) worth ...

28 Jul 2022 at 16:11

City

BP sees earnings hit 14-year high amid anger over energy firm profits

BP has revealed second-quarter profits more than trebled to a 14-year high as it joined rival Shell in reaping the benefits of soaring oil and gas prices. The oil giant reported underlying replacement cost profits – its preferred ...

02 Aug 2022 at 14:41

Almost £7 billion in profits ‘obscene’ as bills soar, BP told

The almost £7 billion in profit made by oil giant BP in the second quarter of this year have been described as “obscene”. On Tuesday the company announced underlying replacement cost profits – its preferred measure – jumped to a ...

02 Aug 2022 at 15:47

Green campaigners criticise Shell’s reported Cambo oil field rethink

Exploiting the Cambo oil field will not tackle high energy bills, campaigners warned amid reports Shell is reconsidering its decision to pull out of the project. Work on the proposed development off the west coast of Shetland ...

22 Mar 2022 at 12:25

Six arrests after Extinction Rebellion occupies Shell oil tanker

Six people have been arrested after climate change activists climbed on to an oil tanker in central London. Extinction Rebellion said three people climbed on top of the Shell tanker and held a banner which said “end fossil ...

16 Apr 2022 at 16:25

Six arrests after Extinction Rebellion occupy Shell oil tanker

16 Apr 2022 at 15:25

City

Shell boss pockets £1m pay rise

The boss of Shell pocketed a £1.1 million pay rise last year after the business reported a record profit that led to strong calls for a windfall tax on the sector. Ben van Beurden took home 7.4 million euros (£6.3 ...

10 Mar 2022 at 12:55

‘Think carefully’ about Russian investments, Sunak warns businesses

British firms should “think very carefully” about making any investments in Russia which would support Vladimir Putin’s regime, the Chancellor has said. Rishi Sunak warned there is “no case” for new investment in ...

13 Mar 2022 at 11:55

Shell ‘sorry’ for buying Russian oil last week

The boss of Shell has said he is “sorry” for buying a shipment of Russian oil last week even as dozens of major international companies announced they would abandon the country over its war in Ukraine. The ...

08 Mar 2022 at 12:25

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