Sector movers: Big Oil sought out as JP Morgan warns of worst-case Russian oil output cut
4th Jul 2022 15:11
(Sharecast News) - Big Oil helped drive a bounce on the FTSE 350 at the start of the week after analysts at JP Morgan sounded a wary note on plans now under consideration in the West to impose a price cap on exports of Russian oil.
Read moreCeres to deliver megawatt-scale SOEC to Shell
28th Jun 2022 08:20
(Sharecast News) - Fuel cell and electrochemical technology company Ceres Power has signed an agreement with Shell to deliver a megawatt-scale solid oxide electrolyser demonstrator in 2023.
Read moreCredit Suisse starts Shell at 'outperform', BP at 'neutral'
9th Jun 2022 09:21
(Sharecast News) - Credit Suisse initiated coverage of BP and Shell on Thursday as it said in a note that it is positive on integrated energy, but in its relative ratings framework, the bank's bottom-up stock picking is nuanced to reflect what the market is pricing in.
Read moreJP Morgan reiterates positive stance on UK energy
26th May 2022 10:36
(Sharecast News) - JP Morgan has reiterated its positive stance on the UK energy sector, despite the likely imposition of windfall taxes.
Read moreShell to sell Russian retail business to Lukoil
12th May 2022 08:00
(Sharecast News) - Shell has agreed to sell its retail and lubricants businesses in Russia - Shell Neft - to Lukoil for an undisclosed sum.
Read moreTesco chair calls for windfall tax on energy firms
10th May 2022 13:08
(Sharecast News) - Tesco chairman John Allan on Tuesday said there was an "overwhelming case" for a windfall tax on energy companies to help ease the cost-of-living crisis for most Britons.
Read moreShell posts record Q1 profits on surging oil, gas prices
5th May 2022 07:03
(Sharecast News) - Shell's on Thursday reported record first-quarter profits driven by surging oil and gas prices which have been inflated by the Ukraine war, fuelling calls for a UK windfall tax on energy firms.
Read moreShell urges shareholders to reject Dutch activist resolution
20th Apr 2022 10:45
(Sharecast News) - Shell has urged shareholders to reject calls that the oil giant adopt more stringent environmental targets.
Read moreShell sees $5bn write off after Russia exit as oil earnings spike
7th Apr 2022 07:17
(Sharecast News) - Energy giant Shell on Thursday said it expected to book up to $5bn in post-tax write offs after its decision to exit Russia, adding that oil & gas earnings would be "significantly higher" on the back of surging prices.
Read moreShell to invest up to £25bn in UK
24th Mar 2022 13:48
(Sharecast News) - Shell plans to invest up to £25bn in the UK energy system, the energy giant said on Thursday, the majority of which will be in low-carbon products.
Read moreShell CEO pay jumps to £6m as energy bills soar
10th Mar 2022 09:41
(Sharecast News) - Shell Chief Executive Ben van Beurden's annual pay rose by a quarter to more than £6m after the oil group posted record results boosted by rising prices that have caused the cost of living to soar.
Read moreShell to stop buying Russian crude
8th Mar 2022 11:39
(Sharecast News) - Shell is to halt buying Russian oil with immediate effect, the energy giant confirmed on Tuesday, as it apologised for acquiring a shipment of Urals crude last week.
Read moreApple, Airbus join growing list of firms cutting ties with Russia
2nd Mar 2022 10:31
(Sharecast News) - The list of companies cutting ties with the Russian regime grew on Wednesday, with Apple, Airbus, Boeing and Exxon all responding to Moscow's unprovoked invasion of Ukraine.
Read moreShell's finance chief to step down
1st Mar 2022 11:55
(Sharecast News) - Shell's finance director Jessica Uhl is to step down after five years in the role, the oil giant said on Tuesday.
Read moreShell becomes latest oil giant to quit Russia
1st Mar 2022 06:55
(Sharecast News) - Shell is to join rival BP in exiting its Russian interests, including ending its involvement with the controversial Nord Stream 2 pipeline.
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