Shell hails appeal win in landmark Dutch climate case
Shell PLC (LSE:SHEL, NYSE:SHEL) has hailed its victory in overturning a landmark ruling requiring the oil giant to slash emissions. The Court of Appeal in the Netherlands on Tuesday overturned a 2021 district court decision which had ordered Shell to cut carbon emissions by 45% come 2030, including those produced through use of its fuel, known as scope three.
Highlights from ruling in Shell's climate case
A Dutch appeals court on Tuesday dismissed a landmark 2021 ruling, ordering oil and gas giant Shell to accelerate carbon reduction efforts that was seen as a turning point in climate litigation.
Legal action starts over Shell's Jackdaw and Equinor's Rosebank North Sea fields
Shell PLC (LSE:SHEL, NYSE:SHEL) is facing a big day in court as two highly contested legal cases in the UK and Netherlands come to a head. In Scotland, a legal challenge to the oil giant's proposed Jackdaw North Sea gas development gets underway.
Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions
A Dutch court on Tuesday ruled to dismiss a landmark climate ruling against Shell, which in 2021 had ordered the oil giant to drastically reduce its global carbon emissions. The outcome, which comes during the opening days of the COP29 climate summit in Azerbaijan, marks the latest twist in a long-running and precedent-setting case.
Shell wins appeal in landmark emissions case
Shell has won its appeal against a climate court ruling that it must sharply reduce its carbon emissions.
Shell wins appeal against landmark Dutch climate ruling
Oil and gas company Shell on Tuesday won its appeal against a landmark climate ruling in the Netherlands, which in 2021 ordered the oil and gas company to sharply reduce greenhouse gas emissions.
Dutch court to rule on Shell appeal against landmark climate order
A Dutch court will decide on Tuesday whether to uphold a landmark climate ruling against Shell , which in 2021 ordered the oil and gas company to sharply reduce greenhouse gas emissions.
Shell Confirms Gas Discovery in the Southern North Sea Selene Well
SHEL and Deltic Energy confirm significant gas discovery at the Selene prospect in the U.K. Southern North Sea, signaling development.
British Energy Majors May Lean More On Oil And Gas To Boost Profits
A rather unsubtle change is afoot at the world's two British oil majors - BP (LON: BP) and Shell (LON: SHEL). Having pledged and burnt millions on renewable energy moves under their former bosses, both are now turning to traditional oil and gas plays to earn back more than few millions under current ones.
Shell's Dutch environmental battle reaches next stage Tuesday with appeal verdict
Shell PLC's (LSE:SHEL, NYSE:SHEL) next round in its battle with Dutch environmentalists concludes on Tuesday when the verdict on its appeal against the 2021 ruling is announced. The Anglo-Dutch giant was stunned when it lost the original case, which has been cited though not confirmed as a reason for its domicile shift from its traditional home of the Netherlands to the UK.
Shell's Rheinland Refinery to be Transformed to Produce Base Oils
SHEL is all set to lead Europe's energy landscape by converting its Rheinland refinery in Germany: shifting from crude oil to premium base oils.
Shell: Smashing Estimates Again, Reiterating Top Pick
Q3 earnings came in 12% ahead of consensus, as strong results in LNG and further progress in cost savings offset a weaker refining business. On both a Q3 and 9M 24 y/y basis, Shell significantly outperformed peers in earnings power, being the only major to deliver y/y EPS growth for both periods. Cash generation was another key highlight with $9.7B in FCF implying a ~$40B/year run-rate (~20% FCF yield) while buybacks continue at $3.5B/quarter (~7% yield).
