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...Top oil industry executives have hit out at US President Joe Biden’s decision to pause approvals for new liquefied natural gas export terminals, with Shell’s CEO warning it will “erode confidence” in an...
...British oil and gas giants Shell and BP have jointly given at least £19.7mn to the university in philanthropic and research funding between 2016 and 2023, according to FT analysis of university data, which...
...Gas and power trading has overtaken oil as the biggest source of profits in the sector, contributing almost half of the industry’s gross earnings in 2022, according to Oliver Wyman....
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...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...
...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 knowledge that this has partly been the result of Shell’s activities of pumping and burning oil and gas . . . for our argument towards the Dutch court, that is indeed favourable,” he said.Shell recently...
...The former head of Shell has said the oil major is “massively undervalued” in London and may benefit from switching its listing to the US, in another blow to sentiment surrounding the UK stock market....
...Shell on Thursday introduced a new ambition to cut the absolute emissions from the oil products it sells by 15-20 per cent from 2021 levels by 2030, but it intentionally excluded gas as a “critical fuel...
...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....
...Sawan also said that the company “strongly, strongly believed” in liquified natural gas. The company expects 50 per cent growth in the global supply of the chilled fuel by 2040....
...However, he also emphasised the company’s continued investment in fossil fuel projects, which will add at least 200,000 barrels of oil equivalent a day to Shell’s production capacity....
...The oil major added that demand for natural gas “has peaked in some regions and globally is set to peak after 2040”. LNG is natural gas liquefied by cooling it to minus 162C....
...Weakness there bodes ill for the integrated oil companies — and for the global economy....
...The company will report its 2023 financial results on Sunday....
...At rival Shell, four of the seven members of the senior team are women, while France’s TotalEnergies has two women on its nine-person executive committee....
...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....
...The company produced an average of 10.7mn b/d of crude oil and other liquids last year, down from 11.5mn b/d in 2022....
...Europe’s largest oil and gas company said on Thursday that adjusted earnings were $28.3bn, down about a third from the record set in 2022 but higher than any other year since 2011....
...Shell has claimed its targets are already Paris-aligned but the activist group wanted the company to do better....
...Job moves Shell’s former chief executive Ben van Beurden is joining private equity group KKR as senior adviser for energy transition investments. Van Beurden spent 39 years at the oil major....
...The oil company Shell has been on trial repeatedly in recent years — in court, in the theatre and now on the opera stage....
...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....
...This figure accounted for 80 per cent of its financing for “pure play” oil and gas-focused companies....
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