Shell follows Exxon as it hits the downgrade button
Shell PLC (LSE:SHEL, NYSE:SHEL) weighed in with what is likely to be part of a sectorwide rebasement of forecasts as it reported a sharp decline in refining profit margins for the third quarter due to weaker global demand. In a trading update ahead of its quarterly results, Shell noted that indicative refining margins fell by nearly 30%, dropping to $5.5 per barrel from $7.7 in the previous quarter.
Shell says refining margins dropped sharply in third quarter
Shell's refining profit margins dropped sharply in the third quarter from the previous three months, while oil product trading earnings also weakened, it said on Monday.
Shell's Atlantic Shores Wind Projects Receive Federal Approval
SHEL's partnership project "Atlantic Shores" in New Jersey clears the federal barrier while environmental concerns persist.
Russia files lawsuit against Shell units, court documents show
Russia's Prosecutor General has filed a lawsuit against a number of energy major Shell's units, court documents showed on Friday.
Shell (SHEL) Ascends While Market Falls: Some Facts to Note
The latest trading day saw Shell (SHEL) settling at $68.46, representing a +0.94% change from its previous close.
Crude oil holds near $75 a barrel as markets watch for Middle East escalation
Oil prices remained elevated on Thursday as analysts said financial markets "remained on edge" as tensions in the Middle East are being watched carefully for potential escalation. Following the missle strike by Iran on Israel earlier in the week, Israeli prime minister Benjamin Netanyahu said the country intends to retaliate, warning that Iran "will pay" for its actions, though US president Joe Biden urged Israel not to attack nuclear facilities.
BP and Shell to benefit short-term top picks for leading American investment bank
Citi has identified BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) as its top short-term picks in the oil sector, citing the potential for a rebound driven by rising demand, particularly from China's economic stimulus.
Shell (SHEL) Advances While Market Declines: Some Information for Investors
Shell (SHEL) closed at $66.11 in the latest trading session, marking a +1.18% move from the prior day.
Shell Outbids Competitors to Secure Trinidad Shallow Water Block
SHEL's victory to secure a key shallow water block in Trinidad and Tobago is significant for increasing gas supply to its majority-owned Atlantic LNG project.
Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
SHEL shelves its blue hydrogen project in Norway due to weak demand, highlighting challenges faced by the clean energy industries.
Shell, Equinor, TotalEnergies open Norwegian CO2 storage facility
Shell , Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway's west coast is now completed and ready to receive CO2, with its first deliveries expected next year.
Oil majors BP and Shell spooked by fuel price outlook
A combination of low fuel pump prices and a dip in Brent crude oil forecasts is weighing on big-cap oil stocks this Thursday. BP plc is currently the biggest faller on the FTSE 100, having shed 4.3% from its share price, while Shell PLC (LSE:SHEL, NYSE:SHEL) is currently off 3.7%.
