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The Latest Breaking News from Shell

‘A Trojan horse of legitimacy’: Shell launches a ‘climate tech’ startup advertising jobs in oil and gas

Onward touts a vision of a ‘clean energy future’, but experts say ventures like this are part of fossil fuel firms’ greenwashing plan

The Guardian - US

Montane Solution Jacket review: tackling a big problem for the eco-conscious hiker

Montane ditches harmful PFCs, virgin materials and water-intensive dyeing processes for an attempt at a more sustainable shield against the weather

Advnture

Sunoco returns to F1 with Sauber after 48-year absence

Its logos will be seen on the Swiss team's C44 and on the overalls of drivers Valtteri Bottas and Zhou Guanyu at the Miami and Las Vegas GPs, while its parent company Energy Transfer will be featured in Austin.

Motorsport

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Government Is Snooping on Your Phone

Many apps collect data that is then accessed by outside entities. Should you care?

Reason

World’s largest oil companies have made $281bn profit since invasion of Ukraine

Global Witness says the five ‘super-majors’ are the ‘main winners of the war’ while many struggle to heat their homes

The Guardian - UK

World Demand For Liquefied Natural Gas Jumps 50% By 2040: Shell

British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fuelled by China dumping coal.

International Business Times

Shell Is Immediately Closing All Of Its California Hydrogen Stations

The oil giant is one of the big players in hydrogen globally, but even it can't make its operations work here. All seven of its California stations will close immediately.

InsideEVs

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Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts

The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.

International Business Times UK

Study Funded by Shell Convinced Pennsylvania To Give Shell $1.6 Billion Tax Break

The tax credits currently rank as the largest subsidy in state history.

Reason

Shell Profit Tumbles On Lower Oil Prices

Shell said Thursday that its net profit more than halved to $19.4 billion in 2023 on lower energy prices, after rocketing to a record peak the previous year following the Ukraine conflict.

International Business Times

FTSE 100 Live 1 February: Stocks close lower after Bank of England interest rate hold, BT shares fall

Dividend-paying Meta Platforms led the way for the Magnificent Seven last night after the Facebook owner reported a trebling of quarterly profits.

Evening Standard

Shell to raise dividends again despite 30% fall in annual profits

Plan to raise shareholder payouts by 4% follows surprise $7.3bn profit in final quarter despite fall in gas prices

The Guardian - UK

Bank of England governor says ‘things are moving in the right direction’ after leaving interest rates on hold – as it happened

BoE policymakers were split three ways over interest rate decision, as Andrew Bailey says Bank needs to be more confident that inflation will fall and stay low

The Guardian - UK

‘Grossly irresponsible’: UK hands out 24 new North Sea oil and gas licences

The move to grant 17 companies the right to drill for fossil fuels is ‘a pipe dream’ that will do little for energy security, say environmentalists

The Guardian - UK

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Top News

Shell's historic departure from troubled onshore oil operations in Nigeria

Shell, after almost a century, plans to divest its onshore oil operations in Nigeria, in an effort to exit the troubled industry. Read more for details.

The Guardian - UK

Shell faces shareholder rebellion over climate activist resolution

Investors including UK’s biggest pension scheme agree to back call for oil firm to set bigger emissions targets

The National (Scotland)

Sepa board member revealed to also be on oil and gas giant board

Sepa board member Nicola Gordon has been revealed to also be on the board of oil and gas giant Okea ASA

Creative Bloq

8 famous textless logos and why they work

These top brands all ditch their names from their logos.

The Guardian - UK

Boeing shares fall 9% after mid-flight Alaska Airlines accident involving 737 Max 9 – as it happened

Rolling coverage of the latest economic and financial news, as Boeing shares fall after 171 of its 737 Max 9 aircraft are grounded by US regulators

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