Tag: Shell
Shell to give staff 8% bonus after record profits
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Shell is handing nearly all its 82,000 staff a bonus equivalent to 8% of their salary after the oil company reported record profits amid soaring energy prices. The British multinational is making the one-off payment t...
With such eye-watering profits, Shell should invest more in low-carbon transition
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BP’s Bernard Looney put it more succinctly last year when he described the company as “a cash machine at these types of prices”, but Shell’s chief executive, Ben van Beurden, was coming from the same place as he refle...
Consultant who ditched Shell: ‘take a look at yourselves in the mirror’
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Caroline Dennett’s eye was caught by a placard with two stark words: “insiders wanted”. The safety consultant was watching a video of Extinction Rebellion climate protesters who had glued themselves inside Shell’s hea...
Shell pauses London AGM as protesters chant ‘We will stop you’
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Three people have been arrested after Shell was forced to pause its annual general meeting in London after it was interrupted by environmental protesters chanting: “We will stop you.” About 40 climate protesters atten...
Shell consultant quits, accusing firm of ‘extreme harms’ to environment
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A senior safety consultant has quit working with Shell after 11 years, accusing the fossil fuel producer in a bombshell public video of causing “extreme harms” to the environment. Caroline Dennett claimed Shell had a ...
Shell profits soar to $9.1bn amid calls for windfall tax
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Shell has reported a record quarterly profit of $9.1bn (£7.3bn) for the first three months of the year, piling more pressure on the government to implement a windfall tax to fund measures to tackle soaring household e...
When will my Shell Energy smart meter become smart again?
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My gas and electricity smart meters became strangely uncommunicative with Shell Energy just days before the 1 April tariff increase. Shell’s reply to my question about when it expects my smart meters to become smart a...
Shell writes down up to $5bn from offloading Russian assets
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The oil company Shell has confirmed it will take a hit of between $4bn and $5bn (£3.1bn and £3.8bn) from offloading its Russian assets as the firm pulls back from the country. Bosses said they will no longer buy oil o...
Shell U-turn on Cambo oilfield would threaten green targets, say campaigners
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Climate activists have reacted with concern to reports that Shell is reconsidering its decision to abandon development of the Cambo oilfield, warning that such a reversal would further threaten emissions reductions ta...
Syria using maze of shell companies to avoid sanctions on Assad regime’s elite
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The Syrian regime is setting up shell companies in a systematic attempt to avoid sanctions, according to official documents obtained by the Guardian. The documents, not publicly available, detail at least three compan...
Shell directors sued for ‘failing to prepare company for net zero’
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The directors of Shell are being sued for failing to properly prepare the multinational oil and gas company for net zero. In what is thought to be a first-of-its-kind action, the lawsuit brought by activist shareholde...
Russia-Ukraine war latest news: peace talks to resume; deaths as residential building in Kyiv hit by shell – live
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Diplomatic efforts to end the war step up as death toll from Russian rocket attack on military base at Yavoriv rises to at least 35 people
Shell chief’s pay rose by a quarter in 2021 to £6m
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The Shell chief executive Ben van Beurden’s pay rose by a quarter in 2021 to £6m, as the fossil fuel producer benefited from soaring energy prices amid calls for a windfall tax on energy companies. The FTSE 100 compan...
Shell to halt buying Russian oil and gas and close all service stations in country
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Shell has announced plans to withdraw from Russian oil and gas and close all its service stations in the country, as the boss of the FTSE 100 company apologised for buying Russian crude oil last week. The company will...
BP and Shell lead rush to exit Russia. There can be no going back
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First BP, now Shell. The rush to disinvest from Russia is impressively quick since it’s possible to imagine an alternative script in which the oil companies’ boards tried to buy time by issuing woolly “all options are...
Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows
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Shell is to exit its joint ventures with Russian state energy firm Gazprom, a day after BP said it would offload its 20% stake in Kremlin-owned oil firm Rosneft, as British businesses scrambled to distance themselves ...