Shell has managed to narrowly avoid a stinging quarterly loss this quarter with the help of a trading unit which was able to exploit the violent swings in oil prices to turn a huge profit. Chaos in the energy markets, triggered by the virus, has broadly been bad for oil […]
Shell
Oil titans Shell and BP try to go green
In the last two weeks, both BP and Shell have announced that they are writing down the value of their assets by a combined total of nearly $40bn, a clear sign that they believe the golden days of oil are gone. The pandemic has created a window of opportunity, climate […]
Shell backers push for plan to replace leader Ben van Beurden after historic cut to payout
Another major fund manager said that while there was no desire for an immediate rejig, it would be good for shareholders to have more “visibility on senior management and divisional heads” so they could spot potential successors to Mr van Beurden. A detailed future plan is also missing, the source […]