Petrol should be 6p cheaper a litre as drivers overcharged, RAC warns
Forecourt prices should be slashed as petrol is sold for 6p more a litre than it should currently be worth, according to RAC. The motor group said an average price of 142p was far ahead of the 103p a litre wholesale value last week, with a coinciding drop in oil and strengthening of the pound meaning drivers should be paying less at the pump.
Shell's Zydeco Pipeline to Undergo Maintenance in September
SHEL's Zydeco pipeline eases transportation bottlenecks for the crude that arrives in Houston from the prolific Eagle Ford shale, and the Permian and Bakken regions.
Royal Dutch Shell Has Strong Cash Flow That Justifies Its Valuation
Royal Dutch Shell is a large oil company with a market capitalization of $225 billion, offering low valuation and substantial shareholder returns. The company had a strong second quarter with $13.5 billion in CFFO, $6.3 billion in adjusted earnings, and $10 billion in FCF, supporting hefty shareholder returns. Royal Dutch Shell is focusing on new projects worldwide to generate over 500 thousand barrels/day, with a strong presence in LNG and impressive capital allocation for shareholder returns.
Shell Is Transitioning Back To Being An Oil And Gas Producer
Shell plc is shifting focus towards maximizing shareholder value by emphasizing liquids and gas production, expanding LNG trading, and pausing less profitable biofuel projects. Despite the shift towards hydrocarbons, Shell remains open to renewable fuels and biofuels, with a focus on long-term strategy and potential government mandates to drive demand. Shell's financials show a flat production rate, with investments in oil & gas developments and LNG terminals, as well as a focus on high grading their portfolio for future energy transition.
Shell (SHEL) Approves Waterflood Project to Boost Output at Vito
Shell (SHEL) believes that the waterflood project will contribute to additional production of high-margin, lower-carbon barrels and maximize the potential of the Vito field.
Shell (SHEL), PetroChina Surat Gas Project Expansion Underway
This development aligns with Shell's (SHEL) broader strategy to grow its LNG business by 20-30% by 2030.
Petrol prices at six-month low after falling back to February levels
Petrol prices fell to their lowest since February this week, motor firm the AA reported on Friday. At an average of 143.0p per litre, petrol hit a six-month low, while diesel fell to levels not seen since January at 147.9p.
3 Major Integrated Firms Leading the Energy Transition
There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Shell (SHEL) have what it takes?
Shell to invest in Phase 2 of Surat Gas Project in Australia
Shell plans to develop its joint venture Arrow Energy's Phase 2 of Surat Gas Project in Queensland, Australia, the global energy giant said on Monday.
Shell: Well On Track To Deliver On CMD Sprint
Promising H1 performance with ~2% sequential production growth from start-ups in Oman and Asia-Pacific. Earnings down 5% vs H1 23 as lower commodity prices were partially offset by stabilizing chemical margins and cost savings. EPS up 2% on lower share count. At $1.7B achieved as of H1, mgmt is well on track to deliver $2-3B in structural savings through YE25. Recent divestments should further improve cost base.
Fuel prices too high but unlikely to fall, says RAC
Motorists are still paying inflated prices for fuel at the forecourt according to the latest monthly data from the RAC with no signs they will fall soon. Prices are on average between 5p and 8p a litre more than they should be, according to the motoring lobby group.
