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...As a result of the scheme, the Shell plant was able to register 5.7mn credits that had no equivalent CO₂ reductions. Some of the credits from the scheme were sold to top energy companies....
...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....
...In the first quarter, Shell came in almost 20 per cent above profit expectations at $7.7bn, as its huge liquefied natural gas and trading business delivered $1bn more profit than Biraj Borkhataria, an analyst...
...In morning trading, Shell’s shares rose just under 1 per cent in London to £28.45. Shell reported strong profits in its gas business, accounting for 40 per cent of its earnings....
...US oil and gas giant sued the investor group....
...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....
...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...
...The FT revealed last year that Shell had considered quitting Europe and moving its listing to the US....
...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...
...Its rival, Shell, is facing some shareholder pressure to move its listing from London to New York, in a bid to close the valuation gap with US rivals....
...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...
...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....
...Rules around US domicile look challenging, says Jefferies’ Giacomo Romeo, based on factors including where headquarters are located and the proportion of a company’s US assets....
...trading business....
...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 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....
...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...
...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 US Chamber of Commerce, Chevron, BP and Shell were approached for comment....
...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....
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