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Shell smashes forecasts with $7.7 billion quarterly profit

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices. ....

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Advisory Glass Lewis recommends Shell investors oppose shareholder climate resolution at AGM

LONDON (Reuters) -Shell shareholders should vote against a resolution filed by a group of 27 investors urging the energy company to set tighter climate targets, proxy advisory Glass Lewis recommended on Thursday. Led by activist shareholder Follow This and backed by shareholders holding around 5% in Shell, the resolution faces a vote at Shell's annual general meeting on May 23. It urges Shell to align its medium-term carbon emissions reduction targets with the Paris Climate Agreement, including emissions from fuels burned by consumers, known as Scope 3 emissions. ....

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Shell boosts dividend after $28 billion profit for 2023

Shell on Thursday reported a 2023 profit of $28 billion, down 30% from the previous year s record as oil and gas prices cooled, still allowing the firm to increase its dividend by 4% and extend its share repurchases. ....

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Top energy traders doubled earnings in 2022 to $77 billion, says Bernstein - Stock market news

LONDON (Reuters) -The world's top 11 energy traders made around $77 billion in earnings last year, more than double the previous year, as they benefited from extreme price volatility following Russia's invasion of Ukraine, Bernstein analysts said on Wednesday. | 09:53am ....

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Shell splits renewables business in CEO efficiency drive - Stock market news

LONDON (Reuters) -Shell is splitting up its renewables and low-carbon division as part of CEO Wael Sawan's shake-up to boost the energy giant's returns. | 01:36pm ....

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