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Shell to boost shareholder returns after oil price rise LONDON - Royal Dutch Shell on Wednesday said it would boost its returns to shareholders via share buybacks or dividends after a sharp rise in oil and gas prices helped it reduce debt. It will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in the second quarter, the company said in a trading statement ahead of its quarterly results. The move, which comes earlier than many analysts had expected, was due to "strong operational and f...
Shell to boost shareholder returns after oil price rise
Shell to boost shareholder returns after oil price rise
Source: Reuters
7/07/2021 12:47:55 PM
OPEC, Russia seen gaining more power with Shell Dutch ruling LONDON  - Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch Shell, ExxonMobil and Chevron are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s national oil company Saudi Aramco, Abu Dhabi National Oil Company and Russia's Gazprom and Rosneft. It means more ...
OPEC, Russia seen gaining more power with Shell Dutch ruling
OPEC, Russia seen gaining more power with Shell Dutch ruling
Source: Reuters
1/06/2021 2:08:02 PM
Shell to trial use of hydrogen fuel cells for ships in Singapore SINGAPORE  - Royal Dutch Shell said on Wednesday it was conducting a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the oil major. If successful, the trial will pave the way for cleaner, hydrogen-powered shipping, the company said, adding that its analysis points to hydrogen with fuel cells as the zero-emissions technology having the greatest potential to help the shipping sector achieve net-zero emissions by 205...
Shell to trial use of hydrogen fuel cells for ships in Singapore
Shell to trial use of hydrogen fuel cells for ships in Singapore
Source: Reuters
21/04/2021 12:23:27 PM
Shell`s oil trading earnings double in 2020 to $2.6 billion LONDON - Royal Dutch Shell's 2020 earnings from trading crude oil and refined products doubled from the previous year to $2.6 billion, providing a boost to offset a sharp drop in fuel demand due to the coronavirus pandemic. Shell's oil trading operations, known internally as Trading & Supply, accounted for 43% of the Oil Products division's total earnings of $5.995 billion in 2020. Trading earnings totalled $1.3 billion in 2019, according to the report, which was relea...
Shell`s oil trading earnings double in 2020 to $2.6 billion
Shell`s oil trading earnings double in 2020 to $2.6 billion
Source: Reuters
12/03/2021 5:43:01 PM
Shell's 2020 carbon emissions fall on the back of fuel sales drop LONDON - Royal Dutch Shell, owner of the world's largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic. Shell said in its annual report that total emissions from its oil wells to forecourt fuel sales fell to 1.38 billion tonnes of carbon dioxide equivalent last year, from 1.65 billion in 2019. "One of the major causes of this larger than expected reduction in 2020 wa...
Shell's 2020 carbon emissions fall on the back of fuel sales drop
Shell's 2020 carbon emissions fall on the back of fuel sales drop
Source: Reuters
11/03/2021 3:48:28 PM
Shell turns to forests and the earth to soak up its emissions LONDON  - Royal Dutch Shell set out plans on Thursday to boost the use of nature-based carbon offsets and carbon capture and storage (CCS) technology, two climate solutions in their infancy but seen crucial to controlling global warming. Both technologies can mitigate the greenhouse gas emissions Shell and its customers cannot eliminate on the path to the group's 2050 net zero carbon target. Shell wants to ramp up its use of nature-based carbon offsets, which include forestatio...
Shell turns to forests and the earth to soak up its emissions
Shell turns to forests and the earth to soak up its emissions
Source: Reuters
12/02/2021 10:07:19 AM