Petrol ‘overpriced’ as retailers cling on to higher margins - RAC
Petrol would be cheaper if retailers were "playing fair", the auto group said
Company
Shell PLC
LON:SHEL
Shell PLC is a global group of energy and petrochemical companies with more than 80,000 employees in more than 70 countries. The group uses advanced technologies and take an innovative approach to help build a sustainable energy future.
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Opec warns of energy crunch due to US$12trn 'underinvestment'
"Some have called for stopping investments in oil. We believe this is equally dangerous"
London stock market close to flipping Paris amid luxury decline
Luxury-weighted Paris markets hit by sluggish China recovery
Petrol prices to keep rising, prompting warnings on inflation
Prolonged oil production cuts could mean petrol prices rise even further, the industry has warned
US energy companies are likely short-term winners from carbon capture and storage, broker says
Europe and the UK are moving more slowly due to funding coming through less quickly
Shell and BP blasted again by Greenpeace over greenwashing
Greenpeace criticised the oil majors for vague sustainability objectives
Falling energy prices re-spark debate over fixed tariffs
Analysts warned that customers on fixed tariffs could end up paying more for energy, but acknowledged many may rather have the certainty
Oil demand hits record on China and air travel recovery
Oil demand hit 103 million barrels a day in June for the first time
Labour government would keep new North Sea licences
Labour would keep new permits issued to North Sea firms despite pledges to stop new oil exploration
North Sea oil back in court day after Shell beats activists
Activists will clash with the government in London's High Court on Tuesday over new North Sea oil and gas licences
Archive
FTSE 100 closes at lowest point this year as health, utility stocks drag index lower
The FTSE 100 suffered its worst closing level so far in 2023, closing at 7,257 points for a 0.3% loss on the day
Shell boss warns against cutting oil amid climate backlash
Shell's boss claimed cutting oil would be 'irresponsible,' after the company scrapped some climate-linked ambitions last month
Church of England pulls fossil fuel investments
The Church of England will divest from fossil fuel companies, including Shell and BP
Shell enrages climate groups after scrapping oil reduction targets
Climate groups have lashed out at Shell's move to scrap plans to reduce oil production
North Sea oil stocks rise as UK promises to axe windfall tax, depending on oil prices
The windfall tax on North Sea oil and gas firms could be cut in 2028, the government confirmed
Shell to sell energy supply arm over poor returns
Shell confirmed that its energy supply business is up for sale in the UK, Germany and the Netherlands
Shell's profits versus environment dilemma as capital day approaches
Capital markets day is scheduled for 14 June
Carbon offset price rises prompt warnings over net zero targets
Carbon offsetting costs could soar by 256% by 2030, PwC warned
Shell to ‘convince investors’ with dividend hike on capital markets day
Shell could announce a dividend hike on its capital markets day next month, analysts say
Solar investments to outdo oil for first time this year
Some US$1.7trn will likely be spent on clean energy this year, the IEA predicts
Saudi minister warns oil short-sellers ahead of OPEC meeting
Saudi Arabia's energy minister told speculators to 'watch out' ahead of an upcoming OPEC+ meeting
North Sea carbon storage licences awarded for first time
The UK has offered licenses for companies to inject captured carbon into old North Sea oil and gas reserves
Shell's US$40bn profits not good enough for RBC
"We think it could have been closer to US$48bn if the company was firing on all cylinders"
Archive
FTSE 100 stays just above 7,700, banks drag US markets
The FTSE 100 erased any gains from earlier in the week by the close, finishing 1.2% lower on Thursday to end the day at 7,702 points
Shell, BP bag billions from energy trading in 2022
Shell and BP generated billions from buying and selling commodities in 2022, according to Bernstein
Shell, BT, Virgin are most complained about telecoms providers
Shell, BT and Virgin Media were among the most complained about last quarter, Ofcom said
Shell, BP new North Sea licences hang in the balance at High Court ruling
The High Court will determine whether Greenpeace can press ahead in challenging the UK's latest oil and gas licensing round on Tuesday
UK's cost-of-living payment scheme gets underway
The government will begin sending £301 cost-of-living payments to millions of vulnerable households on Tuesday
Diesel users stung for £1.3bn due to forecourt foot dragging, claims RAC
Diesel on forecourts costs 10% more on average than petrol even though the wholesale price is lower
Shell can afford a 25% dividend hike tomorrow, says Barclays
Shell will be awash with cash even if the crude price drops back to US$60 per barrel,
Oil prices hold despite US recession fears
Oil prices held above US$80 on Thursday, despite Fed meeting minutes showing members were fearful of a US recession later this year
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FTSE 100 finishes higher ahead of Easter break
At the close, the UK's blue-chip index had gained 1% to finish at 7,742 points
Inflation 'unlikely to recede' as OPEC cuts crude oil production
OPEC+ agreed on Sunday to cut oil production by a million barrels a day, prompting crude prices to surge
Drax, Jaguar and SSE – What to watch out for on ‘Green Day’
The government is set to unveil a host of measures on Thursday to boost the UK's energy security and solidify its net-zero plans
UK energy import bills more than double in 2022
UK energy import bills exceeded £100bn for the first time in 2022, prompting OEUK to call on the government to ensure domestic supply
Shell splashes millions on ex-boss, while female executives paid less
Shell paid outgoing boss Ben van Beurden almost £10mln last year, increasing his salary by more than 50% on 2021
Shell boss bags £1.7mln of bonus shares as share price soars
Shell awarded its executive committee a combined 323,000 shares, worth around £8.4mln
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FTSE 100 holds its head above water to close out the week
At the close, the FTSE 100 was just about back where it began the day at 7,947 points
North Sea carbon capture and hydrogen projects could attract £220bn worth of funding
Prospective North Sea energy projects could house up to £220bn worth of investment opportunities, North Sea Transition Authority boss Stuart Payne said
Windfall tax rethink calls grow ahead of Budget
Calls have come from all angles for the government to rethink its stance on taxing oil, gas and renewable firms ahead of the spring budget
Shell board members sued for climate pushback
Shell's board members are facing legal action following claims they are failing to implement climate policies in line with the Paris Agreement
Archive
FTSE 100 holds gains at the close despite ECB and BoE hikes
The UK's blue-chip index held onto its gains at the close, finishing at 7,820 points for a 0.7% rise
Shell's new boss streamlines senior executives
“I believe that fewer interfaces mean greater cooperation, discipline and speed," said the oil giant's chief executive Wael Sawan
Shell dividend and other returns in focus in next week's results
Shell will update on February 2, following the appointment of a new chief executive and strategic review this month
Shell told to 'get grip' on broadband arm by regulator
Ofcom said it would keep a close watch on how Shell performs in future
Shell’s carbon credits potentially worthless, research finds
Shell may have purchased "worthless" carbon credits after they were oversold by market manager Verra, accused the Guardian
Shell and BP involved in UK’s first oil and gas licensing round since 2019
Shell and BP took part in the UK's latest North Sea oil and gas licensing round, which attracted some 115 bids from 76 firms
Archive
Shell and BP should pay for carbon emissions storage– report
Energy firms, such as Shell and BP, should face more responsibility for their emissions if global net zero targets are to be met, according to scientists
UK petrol prices back to levels at start of Ukraine war
The cost of filling the typical car tank has fallen by £23 since July
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FTSE 100 closes in positive territory as hard recession fears abate and miners lead the charge
Britain's blue chip index closed up on Friday around 66 points, or 0.87%, at 7,699