Shell

Energy

Shell Pumps Out Dividend Hike Despite Slippery Oil Prices

Photo by EyeEm Mobile GmbH via iStock

UK oil major Shell posted its weakest quarterly profit in nearly half a decade on Thursday, sending its New York-listed shares down 5.3%.

2 min read

Photo via imageBROKER/Ron Buskirk/Newscom

Energy

Oil Spikes as US Sanctions Russian Producers to Undermine Putin’s War Machine

Shell and BP shares rose roughly 3% on Thursday, while US majors Exxon Mobil and Chevron were more muted, up 1.1% and 0.6% respectively.

2 min read
Photo via Christopher Boswell/Newscom

Energy

Exxon and Chevron, Rivals Turned Frenemies, Face Profit Pressure-Cooker

Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and more.

3 min read
Photo via Karol Serewis/ZUMAPRESS/Newscom

Energy

Shell Dismisses BP Takeover Talks as Mere ‘Speculation’

A megamerger of this sort would vault Shell’s market cap closer to ExxonMobil’s $468 billion and likely beyond Chevron’s $248 billion.

2 min read

Energy

Shell Strikes a Blow For Fossil Fuel Industry in Climate Litigation — For Now

Photo by Krish Parmar via Unsplash

Shell managed to overturn a Dutch legal order made in 2021 that had mandated the company cut its emissions 45% from 2019 levels by 2030.

2 min read

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