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The Latest Breaking News from Wael Sawan

Shell Net Profit Retreats On Lower Energy Prices

British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices.

International Business Times

Shell denies reports of BP megamerger of Big Oil rivals

A Shell-BP deal would represent the biggest energy deal of the century—if not ever.

Fortune

Shell denies it is in talks to buy BP after reports of potential £60bn takeover

Spokesperson says report that it is considering bid for struggling rival is ‘further market speculation’

The Guardian - UK

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Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan

The Guardian - UK

Shell suffers investor revolt over gas production impact on climate plans

Just over a fifth of shareholder votes backed proposals for more disclosure on how increasing LNG production meets Shell’s environmental commitments.

Evening Standard

Shell reveals lower profits after slump in oil prices

Chief executive Wael Sawan said Shell ‘delivered another solid set of results in the first quarter of 2025’.

Evening Standard

Shell cuts gas production outlook due to maintenance and bad weather

The oil and gas company reduced its expectations for natural gas and liquefied natural gas (LNG) volumes for the first quarter of this year.

Euronews

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Shell increases shareholder returns and doubles down on LNG

Shell recently revamped its focus on oil and gas output, a move which has been greatly welcomed by shareholders, due to the current higher returns potential.

Euronews

Shell boss sees pay jump as group vows to boost investor returns on cost savings

Wael Sawan’s total pay lifted by 9% to £8.6 million in 2024 as he landed a £2.9 million annual bonus and £3.9 million in share awards.

Evening Standard

Shell plans more cuts to costs and spending but hands CEO bigger bonus

Increase in pay package comes despite fall in profits and as oil company waters down pledge to cut emissions

The Guardian - UK

What is Rachel Reeves ‘green fuel’ plan for Heathrow – and will it work?

Labour has set targets for the take up of new sustainable fuel

The Independent UK

Shell boss dismisses Reeves' 'game changer' green fuel for Heathrow claim

Wael Sawan, the chief executive of oil giant Shell, said that sustainable aviation fuel is expensive and that airlines will be slow to take it up.

The Independent UK

Shell still reviewing moving listing away from London but not a live discussion

Oil company Shell says is still mulling moving its stock market listing from London to New York but that it wasn't a “live discussion” at the moment

The Independent UK

Shell Annual Profit Drops To $16 Bn As Oil Prices Fall

British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.

International Business Times

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Evening Standard

Shell raises dividend to shareholders as profit falls amid lower oil prices

The energy major said profits fell after a year of operating in ‘a lower price environment’, amid shrinking margins from its oil refining business.

The Independent UK

Shell leaving London Stock Exchange ‘not a live discussion’ as dividends are raised

The energy major said profits fell after a year of operating in ‘a lower price environment’

The Guardian - UK

Shell defeats landmark climate ruling ordering cut in carbon emissions

Oil and gas company had challenged 2021 ruling that it must reduce greenhouse gas emissions by 45% by 2030

The Independent UK

BP and Shell to reveal lower profits amid decline in oil refining margins

BP reports third quarter results on Tuesday and Shell on Thursday when faltering oil demand is expected to hit earnings.

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Fortune

Shell slips from the Fortune 500 Europe list’s top spot, lending its crown to troubled Volkswagen

Shell’s record profits in 2022 catapulted it to the top of the Fortune 500 Europe list last year. Could it win back its crown from Volkswagen next year?

The Guardian - UK

Shell to cut hundreds of jobs in oil and gas exploration operations

Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025

The Guardian - UK

Labour minister says compressed hours could raise productivity; European stocks hit record high – as it happened

Live coverage of business, economics and financial markets as Jacqui Smith says four-day compressed hours could help people work

Evening Standard

BP plans cost cutting alongside multi-billion payday for investors as profits miss forecasts

New CEO at FTSE 100 oil multinational points to $2 billion in ‘cash cost savings’

Evening Standard

Shell profits come in at £46,000 a minute as oil giant beats City forecasts

Energy multi-national faces wave of anger from campaign groups but defends its low-carbon spending plans

Evening Standard

Latest London take-out deal for Lok'nStore adds to valuation fears as overseas buyers circle stock market

How a cross-Channel swoop for a self storage firm is unlocking wider fears over the future of London’s stock market

The Guardian - UK

Is Shell trying to kill the London stock market?

The biggest company on the market is threatening to leave. That is a different order of seriousness than seeing Flutter and CRH flee

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