Shell profits cut by half due to plunging energy prices The oil and gas major reveals a surge in its dividend but a weaker share buyback programme after its latest earnings figures falls short of analysts' estimates. Shell has revealed a big fall in the second quarter of its financial year,...
The energy giant said global profits reached $9.5bn (£8.2bn) between July and September, compared to $4.2bn during the same period last year. However, Shell said that because it had made large investments in the UK, it meant it had made no profit here. It also does not expect to ...
At BP’s first quarter results this Tuesday, analysts from RBC expect the £77 billion company to announce a $1.5 billion (£1.2 billion) share buyback off the back of first-quarter profits of $5.1 billion. RBC said political pressure meant BP would likely wait until later in the year...
In January, Shell estimated those tax payments are to hit the company by around $2bn (£1.7bn) in the final three months of its financial year. The UK windfall tax,announced under Rishi Sunakas chancellor, meansoil and gas firms pay a 25% levy on profits- butcompanies will get tax b...
Shell Puts Legal Smackdown on Eco-Warriors, Because, You Know, Profits May 15th, 2024 by John Donovan. Comments are off for this post Posted by John Donovan: 15 May 2024 Shell, that lovable behemoth of the oil world, has lawyered up big time! In an absolutely not dramatic overreach...
The increase in Shell’s profits came as the company said it has successfully cut its costs by $1.7 billion since CEO Wael Sawan first outlined plans to reduce the oil major’s overheads by up to $3 billion in June 2023. The supermajor said $700 million worth of savings were made in...
Fenner sees profits rise significantly Hull, UK Major conveyor belting group Fenner plc said 6 Sept that in the final two trading months of its 2010 financial year the group saw sustained momen... Hull, UK Major conveyor belting group Fenner plc said Sept that in the final two trading months...
At Shell, we speak of profit and purpose, and this is reflected in our Powering Progress strategy. We must be able to achieve both. You cannot drive forward a purpose if you're not profitable, and you cannot simply manage for purpose and neglect profits. You must be able...
Byline: TONY McDONOUGHDaily Post (Liverpool, England)
Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine. By Simon Jack & Nick Edser: 2 FEB 2023 Profits hit $39.9bn (£32.2bn) in 2022, double last year’s total and the highest in its 115-year history. ...