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Shell Reports $7.7 Billion Profit Amid Surge in Oil Trading and LNG Production
Shell Plc delivered a robust financial performance in the first quarter, announcing profits that significantly exceeded market expectations. On Thursday, the energy giant revealed it had achieved a staggering $7.7 billion in earnings for the quarter, driven by exceptional results in oil trading and an uptick in liquefied natural gas (LNG) production. Shell Plc delivered a robust financial performance in the first quarter, announcing profits that significantly exceeded market expectations. On Thursday, the energy giant revealed it had achieved a staggering $7.7 billion in earnings for the quarter, driven by exceptional results in oil trading and an uptick in liquefied natural gas (LNG) production. -
Energy Titans Shell and TotalEnergies Feel the Crunch: Q2 Net Profits Halved Amid Economic Uncertainties
The increasing number of central banks worldwide aggressively hiking interest rates has cast a shadow of uncertainty over the global economic growth outlook. Concerns about the global economy have taken a toll on oil prices, significantly reducing the profits of energy giants compared to the same period last year. The increasing number of central banks worldwide aggressively hiking interest rates has cast a shadow of uncertainty over the global economic growth outlook. Concerns about the global economy have taken a toll on oil prices, significantly reducing the profits of energy giants compared to the same period last year. -
Shell To Open Hong Kong’s First Service Station That Features EV Chargers
The 5,000-sqm station next to the Airport freight center is Shell's biggest facility in Hong Kong. The 5,000-sqm station next to the Airport freight center is Shell's biggest facility in Hong Kong. -
Shell Defends Its Decision To Buy Discounted Russian Oil
Shell stands to make a profit of around $20 million from its purchase of 725,000 barrels or around 100,000 metric tons of heavily-discounted Russian Urals crude. Shell stands to make a profit of around $20 million from its purchase of 725,000 barrels or around 100,000 metric tons of heavily-discounted Russian Urals crude. -
Shell Exits Russia, Joins BP As Oil Titans Condemn Ukraine Invasion
Shell said exiting Russian joint ventures will result in impairments. Shell said exiting Russian joint ventures will result in impairments. -
Nearly A Third Of UK Gas Stations Are Out Of Fuel
Transport Minister Grant Shapps appealed to the public to avoid hoarding fuel as it is contributing to the lack of supply. Transport Minister Grant Shapps appealed to the public to avoid hoarding fuel as it is contributing to the lack of supply. -
Shell Sets Eyes On Sustainable Aviation Fuel In Bid To Cut Carbon Emissions
By 2024, a facility in the Netherlands will create clean-burning fuel from renewable materials. By 2024, a facility in the Netherlands will create clean-burning fuel from renewable materials. -
US Oil Prices Breach $60 Price Point As Producers Evacuate Gulf Platforms
US oil prices surged above $60 per barrel as major oil producers evacuate personnel from oil platforms in the Gulf of Mexico ahead of a possible hurricane. US oil prices surged above $60 per barrel as major oil producers evacuate personnel from oil platforms in the Gulf of Mexico ahead of a possible hurricane. -
Shell Leaves Trade Group Citing Different Take On Climate Change
Shell stated that it is leaving the major US oil lobby as it disagrees with the group's policies related to climate change. Shell stated that it is leaving the major US oil lobby as it disagrees with the group's policies related to climate change. -
Shell Makes The Transition To Environmentally Friendly Energy
In a new release, oil and gas company Shell recently announced that the company has decided to transition to clean, renewable energy. In a new release, oil and gas company Shell recently announced that the company has decided to transition to clean, renewable energy.