Shell to take up to $2 bln writedown on Singapore and Rotterdam plants
Shell will take an impairment charge of up to $2 billion after the sale of its Singapore refinery and pausing of construction of one of Europe's largest biofuel plants, it said on Friday.
Shell (SHEL) Hits Pause on Major Biofuels Plant in Europe
Shell (SHEL) remains committed to achieving its net-zero emissions target by 2050 despite abandoning several renewable projects to focus on its more profitable ventures, primarily in oil and gas.
Shell cash generation underrated, suggests Canadian bank
Shell PLC (LSE:SHEL, NYSE:SHEL) has been added to Canadian broker RBC's Energy Best Ideas list, reflecting clarity on the message from management, strong operational performance and a discounted valuation. Shell generates significant amounts of cash, notes RBC, supported by its oil leverage and number-one 1 presence in LNG.
Shell halts construction of major biofuels facility in the Netherlands
Shell on Tuesday said it had temporarily halted construction of a major biofuels production facility in the Netherlands, in a bid to ensure it is able to produce competitively in the face of an anticipated flood of sustainable fuels into the market from the U.S.
Shell calls halt on Rotterdam green fuel facility
Shell PLC (LSE:SHEL, NYSE:SHEL) said it has paused on-site construction work at a new 820,000 tonnes a year biofuels facility in Rotterdam to determine the commercial way forward for the project. Contractor numbers will reduce on site and activity will slow down, helping to control costs and optimise project sequencing, said the statement.
Shell to pause construction of Dutch biofuels facility
Shell said on Tuesday it will pause construction work at its biofuels facility in the Netherlands due to weak market conditions, the latest step under CEO Wael Sawan's drive to boost the energy company's returns.
Shell (SHEL) Advances Carbon Capture Initiatives in Canada
Shell's (SHEL) Polaris project is being developed to capture an estimated 650,000 tons of carbon dioxide from Shell's refinery and chemical complex in Scotford, Alberta.
Shell (SHEL) is a Top Dividend Stock Right Now: Should You Buy?
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 (SHEL) Beats Stock Market Upswing: What Investors Need to Know
Shell (SHEL) closed the most recent trading day at $71.55, moving +0.18% from the previous trading session.
Bulgogi Tacos, Fire Pits and Tequila Bars: Concertgoers Shell Out for VIP Treatment
Retired podiatrist Nicholas Sol doesn't want to stand at concerts.
Shell preferred over BP as crude price tipped to return to $90 per barrel
Analysts at JP Morgan prefer Shell PLC (LSE:SHEL, NYSE:SHEL) over BP PLC (LSE:BP.) whilst seeing upside for both of London's oil majors, with crude prices tipped to head back toward $90 per barrel in the third quarter.
Shell worried about employee strike at Brazil's environmental agency
Shell is "worried" about a strike by employees at Brazil's environmental agency Ibama that has been affecting licensing procedures, the head of the company's local unit said on Thursday.
