Shell says CEO stepping down at end of 2022Van Beurden, who will have been at the helm for nine years, will be succeeded by the head of integrated gas, renewables and energy solution...
Gas shortages in Europe could last for many winters: Shell Chief ExecutiveAddressing a press conference in Norway on Monday, Ben van Beurden said the situation could last for several years, reported The Guardian. ...
Shell profit rockets on high oil pricesShell had rebounded into a $3.4-billion profit in second quarter of 2021 from a $18.1-billion loss in the same period of 2020 when it took ...
Oil prices stable as market weighs fuel stocks build amid supply concernsAcross the world in Ecuador, the spread of anti-government protests hurt oil output forcing a force majeure declaration on exports of Ecuad...
Shell says it will stop buying Russian oil, natural gasThe company said in a statement that it would withdraw from all Russian hydrocarbons, including crude oil, petroleum products, natural gas ...
Shell pulls out of energy investments in Russia over warShell announced its intention Monday to exit its joint ventures with Gazprom and related entities, including its 27.5 per cent stake in the...
Oil may hit $100 but volatility will also grow, say energy CEOsExxon Mobil CEO Darren Wood said: "Coming out of the pandemic and the lack of investment in our industry, I think it's going to exacerbate ...
Shell to speed up emissions cuts, says oil output peakedRoyal Dutch Shell, which built its brand exploring for oil and natural gas in Africa, South America and the North Sea, said Thursday that t...
Shell says to invest $5-6 billion annually in green energyThe energy major outlined extra cash for biofuels, electric car charging and renewables and said the group's crude oil production was gradu...
Shell raises dividend as CEO says oil output past peakThe Anglo-Dutch company hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it ...
Royal Dutch Shell plans to cut 9,000 jobs in transition planShell, which had 83,000 employees at the end of 2019, said that the reorganisation will lead to annual savings of $2 billion to $2.5 billio...
Shell launches major cost-cutting drive to prepare for energy transitionRoyal Dutch Shell is looking to slash up to 40 percent off the cost of producing oil and gas in a major drive to save cash so it can overha...
India needs to be in top 5 in our oil products business: Ben Van Beurden, CEO, Royal Dutch ShellWe have a licence to build 2,000 retail sites here. We’ve only done 88 so far. But now that we have seen the playing field, we are stepping...
Is Opec facing an existential crisis?Outside the shale patch, big oil is learning to live with lower prices again.
Oil investors gain over $70 billion in best week since 2008European oil firms are heading for the best weekly performance in 7 years as they added about $74 billion in value following crude’s $50 su...
Falling crude prices to claim jobs at Royal Dutch ShellRoyal Dutch Shell has decided to cut 6,500 jobs globally responding to the weakness in the crude oil prices, triggering concerns that it ma...
- CSR to acquire Zoran Corp for $ 679 million in stock
British wireless chip maker CSR Plc today said it will acquire Zoran Corp, a video chip maker for $ 679 million in stock.