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...In recent months, Shell has also become embroiled in a dispute with US-based Venture Global LNG, alleging the company is refusing to honour a multibillion-dollar supply contract....
...Bitcoin trading has leapt this year following the US launch of ETFs tracking the cryptocurrency....
...Gross profits from commodities trading activities — including by banks, hedge funds, independent traders and asset-backed businesses such as BP and Shell — rose from about $36bn in 2018 to a record $148bn...
...Shell said the company’s excuse does not withstand scrutiny, as the facility has delivered more than 200 cargo shipments to customers....
...Darren Woods received salary, stock options and a bonus amounting to $36.9mn in 2023, the US’s biggest oil company reported in a securities filing on Thursday....
...The FT revealed last year that Shell had considered quitting Europe and moving its listing to the US....
...While conventional energy companies such as Shell are focused on changing how energy is supplied, KKR could also invest in areas including vehicle electrification, hydrogen consumption and battery systems...
...On Tuesday, Shell’s former chief executive, Ben van Beurden, decried the growing gap with US-listed companies, saying the oil giant was “massively undervalued” in London....
...The valuation gap between US and European oil groups is a “major issue” making it more likely that companies will consider moving their listings to New York, said former Shell chief executive Ben van Beurden...
...Ben van Beurden, who oversaw Shell’s move from The Hague to London in 2022 and the removal of its dual-class share structure, said the company’s board had previously decided that a move to the US was “a...
...Trump Media & Technology Group, the company behind the former president’s Truth Social platform, closed at $57.99 on Tuesday after completing its merger with a shell company that was already listed....
...trading business....
...TMTG itself was also in the crosshairs of the authorities, as the Securities and Exchange Commission in December 2021 investigated trading in shares of the cash shell through which it planned to go public...
...Shell’s trading update on Monday didn’t contain a vast amount to surprise energy market wonks, ahead of its full-year earnings in about three weeks’ time. Demand has been sluggish for oil....
...On Tuesday, its first day of trading after a merger with a shell company, it surpassed far larger groups to rank among the top 15 most-traded stocks by volume on Interactive Brokers, a platform popular with...
...The former head of Shell, Ben van Beurden, told the Financial Times this month that the oil major was “massively undervalued” in London and could benefit from listing in the US....
...The blank cheque merger phenomenon that swept US capital markets during the pandemic has largely abated. Cash shell companies brought a series of immature businesses to public markets....
...Shell said the sale was part of the company’s strategy to cut down its global refining portfolio and focus on large sites integrated with its chemicals and trading businesses....
...as BP and Shell....
...The company is one of a handful that have rushed to build plants to condense and ship US natural gas overseas, as demand booms in the wake of Russia’s invasion of Ukraine....
...The 68-year-old Shell Petroleum Development Company of Nigeria will be acquired by a consortium of local and international companies for at least $1.3bn, the UK-listed oil major said on Tuesday....
...Now from Shell’s trading floor to Brussels, where EU correspondent Alice Hancock asks whether Europe’s power grid is ready for the energy transition....
...The company is also set to hire Steve Hill, the former head of liquefied natural gas, natural gas and power trading at Shell....
...The moves have been welcomed by many investors, with Shell shares trading near record highs in London. The stock was further underpinned after it reported robust third-quarter earnings on Thursday....
...Shell chief executive Wael Sawan has said he will keep returning cash to shareholders rather than pursue “mega acquisitions” to match US rivals as the British energy major boosted share buybacks following...
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