Former Shell boss sees pay soar 50%
9th Mar 2023 09:18
(Sharecast News) - Ben van Beurden, Shell's recently departed chief executive, was paid nearly £10m last year.
Read moreMorgan Stanley cuts 2023-24 Brent crude oil price forecasts
22nd Feb 2023 09:52
(Sharecast News) - Analysts at Morgan Stanley cut their price forecasts for Brent crude oil prices across 2023 and for 2024 on the back of higher-than-expected Russian exports.
Read moreSector movers: Big Oil and Banks pace losses
17th Feb 2023 15:54
(Sharecast News) - Big Oil and banks dragged on the FTSE 350 at the end of the week amid talk of a possible hard landing in the US during the back half of 2023.
Read moreBerenberg raises target price on Shell
16th Feb 2023 13:55
(Sharecast News) - Analysts at Berenberg raised their target price on energy giant Shell from 2,900.0p to 3,000.0p on Thursday, stating the group's free cash flow generation remained "attractive".
Read moreOPEC nudges up 2023 global oil demand forecast
14th Feb 2023 13:26
(Sharecast News) - The Organisation of Petroleum Exporting Countries nudged up its global oil demand forecast for 2023 on the back of the improved outlook for the world economy.
Read moreHigher gas prices drive Shell to record $39.9bn profit
2nd Feb 2023 07:02
(Sharecast News) - Oil and gas giant Shell on Thursday posted record annual profits of almost $40bn on the back of surging gas prices driven by Russia's war with Ukraine, prompting demands from UK politicians for further windfall taxes on energy producers amid the cost-of-living crisis.
Read moreOPEC+ keeps crude oil output quotas steady
1st Feb 2023 13:58
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its main producer allies decided to keep their production quotas steady.
Read moreThursday preview: BoE and ECB in focus
1st Feb 2023 13:11
(Sharecast News) - The Bank of England's monetary policy announcement was expected to be in the spotlight on Thursday.
Read moreShell to merge upstream, LNG units in restructure
30th Jan 2023 07:47
(Sharecast News) - Energy giant Shell said it was combining its oil and gas production and liquefied natural gas division as part of a restructure.
Read moreShell review of energy retail division puts 2,000 jobs at risk
27th Jan 2023 07:46
(Sharecast News) - The future of 2,000 Shell workers is in doubt after the energy giant unveiled a "strategic review" of its domestic energy and telecoms supply division.
Read moreShell to pay $2bn in windfall tax in Q4
6th Jan 2023 07:36
(Sharecast News) - Oil giant Shell said on Friday that it expects to pay $2bn in windfall tax for the final quarter of 2022.
Read moreSunday newspaper round-up: Dividend payments, Beijing, Dow Jones
25th Dec 2022 17:58
(Sharecast News) - AJ Bell believes that dividend payments by FTSE 100 companies will hit a record £85.8bn in 2023, for an 8% increase in comparison to 2022 and far above the £61.8bn low plumbed during Covid-19. According to analysts cited by the broker, that was in spite of estimates for slower profit growth, which was expected to come to a halt in 2024. In fact, dividends of £90.9bn were projected for 2024. Nonetheless, just 20 names would account would account for 72% of the total in 2022 with Shell, Glencore, Rio Tinto and British American Tobacco at the top of the leaderboard for payouts. - Financial Mail on Sunday
Read moreOctopus, Shell sign supply deal on Dogger Bank wind farm
15th Dec 2022 10:57
(Sharecast News) - UK power supplier Octopus Energy said it has signed a power purchase agreement with Shell Energy for up to 2.4 terawatt hours (TWh) per year from the Dogger Bank offshore wind farm project.
Read moreAnnouncement of 'major' breakthrough in nuclear fusion expected on Tuesday
12th Dec 2022 13:48
(Sharecast News) - Scientists in the US achieved a net energy gain through a fusion reactor for the first time ever, a potential breakthrough in attempts to harness the limitless source of clean energy.
Read moreEU coalescing around $60 per barrel price cap on Russian crude oil exports
1st Dec 2022 14:57
(Sharecast News) - European Union member states were nearing a consensus on the level for the block's price cap on Russian crude oil exports centred on the $60 barrel mark.
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