Shell PLC

Shell Plc engages the production of oil and natural gas. It operates through the following segments: Integrated Gas, Upstream, Oil Products, Chemicals, and Corporate. The Integrated Gas segment includes the liquefied natural gas, conversion of natural gas into gas to liquid fuels and other products, and new energies portfolio. The Upstream segment explores and extracts crude oil, natural gas, and natural gas liquids. The Oil Products segment is involved in refining and trading, and marketing classes of business. The Chemicals segment manages manufacturing plants and its own marketing network. The Corporate segment consists of holdings and treasury, self-insurance activities, and headquarters and central functions. The company was founded in February 1907 and is headquartered in London, the United Kingdom.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

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Shell Plc engages in the business of producing oil and natural gas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. The Integrated Gas segment includes liquefied natural gas, and conversion of natural gas into gas-to-liquids fuels. The Upstream segment focuses on exploration and extraction of crude oil, natural gas, and natural gas liquids. The Marketing segment is involved in mobility, lubricants, and sectors and decarbonization businesses. The Chemicals and Products segment consists of chemicals manufacturing plants with marketing network and refineries, which turn crude oil and other feedstocks into a range of oil products. The Renewables and Energy Solutions segment provides renewable power generation, marketing, trading, and optimizing power and pipeline gas, as well as carbon credits and digitally enabled customer solutions. The Corporate segment covers non-operating activities supporting Shell such as holdings, treasury organization, self-insurance activities, and headquarters and central functions. The company was founded in February 1907 and is headquartered in London, the United Kingdom.

SHELL PLC SECOND QUARTER 2024 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS September 9, 2024 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2024 interim dividend, which was announced on August 1, 2024 at US$0.344 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling.

Shell plc Second Quarter 2024 Euro and GBP Equivalent Dividend Payments

Enterprise Products Partners

Exxon Mobil

It's been a bad week for oil stocks. Even though OPEC+ nations delayed their production cuts scheduled to begin in October, global demand for oil weakened considerably.

3 Cheap Oil Stocks To Buy In September

Shares in FTSE 100 heavyweights Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) slipped on Friday as oil prices appeared to head towards their largest weekly decline in almost a year.

Shell, BP slip as oil heads for worst week in a year

Equinor

Shell is to fight for its licence to develop the Jackdaw field in the North Sea even though the government has dropped its defence of the project. Greenpeace has lodged a legal action to halt the development of Jackdaw and another North Sea field, Rosebank, because the original go-ahead did not take Scope 3 or product user emissions into account.

Shell and Equinor to fight North Sea actions without government support

Press Release September 5, 2024 Shell plc Commences Any and All Exchange Offers of Up To Twelve Series of USD Notes Issued by Shell International Finance B.V. Shell plc (“Shell”) (LSE: SHEL) (NYSE: SHEL) (EAX: SHELL) today announced the commencement of offers to exchange (the “Exchange Offers” and each, an “Exchange Offer”) any and all validly tendered (and not validly withdrawn) and accepted notes up to a maximum aggregate principal amount of $10 billion (the “Maximum Amount”) of twelve series of notes issued by Shell International Finance B.V.

Shell plc Commences Any and All Exchange Offers of Up To Twelve Series of USD Notes Issued by Shell International Finance B.V.

European oil majors Shell and Eni have led an early stage funding round for climate technology start-up Mantel Capture, which aims to use molten salts to capture carbon dioxide emissions at refineries, factories and other industrial sites.

Climate tech startup  Mantel  to use molten salt to capture factory flue CO2 with $30 mln funding from Shell, VCs

SHEL's supply agreement with Turkey should support its energy needs and make up for almost 8% of its current gas requirement.

Shell to Supply LNG to Turkey, Strengthen Energy Security

HOUSTON--(BUSINESS WIRE)--Edgewater Midstream LLC (“Edgewater”), a portfolio company of EnCap Flatrock Midstream, announced today that it has entered into agreements with certain subsidiaries of Shell USA, Inc. (“Shell”) to acquire the Sinco Pipeline system and the Colex East and Colex West Terminals in the Houston refining corridor. Subject to regulatory approvals, the transaction is expected to close in the fourth quarter of 2024. The Sinco Pipeline system includes a series of intrastate refi.

Edgewater Midstream to Acquire Refined Products Logistics Footprint in the Houston Refining Corridor From Shell

SHEL's subsidiary plans to divest its Sinco pipeline and Colex terminal to Edgewater, simplifying its portfolio and focusing on lower-emission projects.

Shell to Sell Sinco Pipeline and Colex Terminal to Edgewater

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Shell (SHEL) have what it takes?

Shell (SHEL) Could Be a Great Choice

Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025

Shell to cut hundreds of jobs in oil and gas exploration operations

Shell PLC (LSE:SHEL, NYSE:SHEL) is to axe 20% of its exploration and development workforce as chief executive Wael Sawan accelerates his cost-cutting plans, according to Reuters. Hundreds of jobs will be cut around with Britain and the Netherlands to be hit hardest said the report.

Shell to axe fifth of exploration staff starting with Britain

Shell plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in renewables and low-carbon businesses, company sources said.

Exclusive: Shell plans wide cuts in oil exploration division, sources say

Britain's government will not defend legal challenges against the development of North Sea oil fields Rosebank and Jackdaw. Brought by Greenpeace and Uplift, the cases surround development at the sites, which are respectively west of Shetland and east of Aberdeen.

Rosebank, Jackdaw development defence dropped by government

SHEL states that it is not selling its onshore assets directly to Renaissance. The transaction involves a transfer of shares, which means that it will only transfer the ownership of the assets.

Shell's Nigerian Onshore Asset Sale Faces Regulatory Hurdles

Forecourt prices should be slashed as petrol is sold for 6p more a litre than it should currently be worth, according to RAC. The motor group said an average price of 142p was far ahead of the 103p a litre wholesale value last week, with a coinciding drop in oil and strengthening of the pound meaning drivers should be paying less at the pump.

Petrol should be 6p cheaper a litre as drivers overcharged, RAC warns

SHEL's Zydeco pipeline eases transportation bottlenecks for the crude that arrives in Houston from the prolific Eagle Ford shale, and the Permian and Bakken regions.

Shell's Zydeco Pipeline to Undergo Maintenance in September

ARLINGTON, Va.--(BUSINESS WIRE)-- #Education--NSTA announces a call for nominations for the 2024-2025 Shell Science Teaching Award and the Shell Urban Science Educators Development Award.

NSTA Announces Call for Submissions: The 2024-2025 Shell Science Teaching Award and the Shell Urban Science Educators Development Award

Royal Dutch Shell is a large oil company with a market capitalization of $225 billion, offering low valuation and substantial shareholder returns. The company had a strong second quarter with $13.5 billion in CFFO, $6.3 billion in adjusted earnings, and $10 billion in FCF, supporting hefty shareholder returns. Royal Dutch Shell is focusing on new projects worldwide to generate over 500 thousand barrels/day, with a strong presence in LNG and impressive capital allocation for shareholder returns.

Royal Dutch Shell Has Strong Cash Flow That Justifies Its Valuation

Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24, limiting flows of some light crude to Louisiana.

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance

Chevron

Eni SpA Sponsored ADR

Chevron, Shell, BP and Eni SpA have been highlighted in this Industry Outlook article.

Zacks Industry Outlook Chevron, Shell, BP and Eni SpA

Weak refining is hurting the Zacks Oil and Gas Integrated International industry's outlook. XOM, SHEL, BP & E will probably overcome market challenges.

4 Integrated Energy Stocks to Watch Amid Industry Turbulence

Shell plc is shifting focus towards maximizing shareholder value by emphasizing liquids and gas production, expanding LNG trading, and pausing less profitable biofuel projects. Despite the shift towards hydrocarbons, Shell remains open to renewable fuels and biofuels, with a focus on long-term strategy and potential government mandates to drive demand. Shell's financials show a flat production rate, with investments in oil & gas developments and LNG terminals, as well as a focus on high grading their portfolio for future energy transition.

Shell Is Transitioning Back To Being An Oil And Gas Producer

Shell (SHEL) believes that the waterflood project will contribute to additional production of high-margin, lower-carbon barrels and maximize the potential of the Vito field.

Shell (SHEL) Approves Waterflood Project to Boost Output at Vito

This development aligns with Shell's (SHEL) broader strategy to grow its LNG business by 20-30% by 2030.

News for Shell PLC Stock (SHEL)