Shell PLC’s capital deployment strategy favors repurchasing company stocks more than absorbing rivals, chief executive officer (CEO) Wael Sawan has said, in contrast to USA competitors Chevron Corp. and Exxon Mobil Corp. Reporting a 23 […]
Daily Standup Top Stories GE Offshore Wind to Post $1 Billion Loss in 2023, Again in 2024 October 29, 2023 Allen Santos General Electric Co. expects its offshore-wind operations to post annual losses of about $1 billion […]
For the second straight winter, Europe’s energy strategy is based largely on hopes for mild weather and reduced industrial demand, with gas prices still hovering at about 50 euros ($53) per megawatt-hour, more than double […]
(Bloomberg) — Shell Plc agreed to buy liquefied natural gas from Qatar for 27 years to the Netherlands, marking the Gulf nation’s second major contract to supply fossil fuel to Europe beyond 2050 despite the […]
(Bloomberg) – Shell Plc Chief Executive Officer Wael Sawan told the company’s staff that he “believes in urgent climate action,” while shifting focus toward its core oil and gas businesses. The challenge in the transition […]
Bloomberg) – Shell Plc Chief Executive Officer Wael Sawan will meet with employees later this month to discuss the decision to put a greater share of investment into fossil fuels. Shell CEO Wael Sawan Sawan […]
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The fall refinery maintenance season in the US is shaping up to be the heaviest since before the Covid-19 pandemic forced plants to slash rates and delay all but emergency work. Nearly 2.5 million barrels […]
LONDON, Sept 27 (Reuters) – Shell (SHEL.L) CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments […]
Shell and Fortescue Metals, two major companies, back away from large-scale carbon offset plans. A UC Berkeley study suggests most carbon offset credits might not provide real climate benefits. Leading carbon credit certifier Verra faced […]
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