Shell: Second Quarter 2021 Update Note
Strong cash generation supports additional shareholder distributions in the second half of 2021 As a result of strong operational and financial delivery, combined with an improved macro-economic outlook, Shell will move to the next phase of its capital allocation framework and, subject to final Board approval, increase total shareholder distributions …
The Spirit of Shell will Rise to the Challenge
CEO Ben van Beurden on a ruling by the District Court in The Hague that Shell must reduce its carbon emissions even faster than planned. Should a court single out an energy company to reduce its carbon emissions? On Wednesday 26 May, the District Court in The Hague ruled that …
Gazprom Neft and Shell Extend Cooperation in Upstream, Technology and Renewable Energy
Gazprom Neft and Shell have signed a Memorandum of Understanding setting out a framework for further cooperation in hydrocarbon exploration and production, technological collaboration and carbon footprint reduction. The MoU was signed on the sidelines of the St. Petersburg International Economic Forum in the presence of Vadim Yakovlev, Gazprom Neft, Deputy Chairman of the Management Board, and Cederic Cremers, …
OPEC, Russia Seen Gaining more Power with Shell Dutch Ruling
Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch Shell (RDSa.L), ExxonMobil (XOM.N) and Chevron (CVX.N) are all under pressure to cut carbon emissions faster. That’s good news for the …
Shell Response to Climate Case Verdict
“Urgent action is needed on climate change which is why we have accelerated our efforts to become a net-zero emissions energy company by 2050, in step with society, with short-term targets to track our progress.” “We are investing billions of dollars in low-carbon energy, including electric vehicle charging, hydrogen, renewables and biofuels. …
Shell Ordered to Deepen Carbon Cuts in Landmark Dutch Climate Case
A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around the world. Shell said it was “disappointed” and plans to appeal the ruling, which comes amid rising pressure on energy …
Royal Dutch Shell plc First Quarter 2021 Results Announcement
On Thursday April 29, 2021 at 07:00 BST (08:00 CEST and 02:00 EDT) Royal Dutch Shell plc releases its first quarter results and first quarter interim dividend announcement for 2021. Royal Dutch Shell plc first quarter 2021 results Jessica Uhl (CFO, Royal Dutch Shell plc) and Wael Sawan (Director Upstream, …
Shell Presents Energy Transition Strategy Publication to Shareholders for Advisory Vote
Shell today issued its Energy Transition Strategy publication, which will be put to shareholders for an advisory vote at the company’s Annual General Meeting on May 18, 2021. This is the first time that an energy company has asked shareholders to vote on its energy transition strategy. “As we transform …
Shell Publishes Reports on Sustainability, Industry Associations and Payments to Governments
Shell has published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments to Governments Report. The three reports together further demonstrate Shell’s efforts to remain at the forefront of the drive for greater corporate transparency around activities that are important to investors, governments and civil society. …
Shell First Quarter 2021 Update
This is an update to the first quarter 2021 outlook provided in the fourth quarter results announcement on February 4, 2021. The impacts presented here may vary from the actual results and are subject to finalisation of the first quarter 2021 results. Unless otherwise indicated, presented impacts relate to Adjusted …