Shell has agreed to pay $10 million to resolve allegations that it polluted the air around its massive new petrochemical refinery in western Pennsylvania, the administration of Gov. Josh Shapiro announced Wednesday. Shell acknowledged that the plant, located along the Ohio River about 30 miles outside of Pittsburgh, violated air emissions limits, officials said. The…
Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant
May 26, 2023
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Shell’s Profits Hit $9.6 Billion Despite ‘Volatile Market’
British energy giant Shell has published its first-quarter profits, reporting adjusted earnings of $9.6 billion. The company achieved the results despite an “unfavourable” tax climate and “lower realised oil and gas prices.” Shell announced on May 4 that its numbers are $500 million higher than the same period last year. The company’s adjusted earnings for…
LIVE 5 PM ET: NTD Business (Feb. 9): Trump’s Facebook, Instagram Accounts Restored; Disney to Cut 7,000 Jobs to Save Costs
Facebook and Instagram have restored former President Trump’s accounts after a two-year ban. Is he posting on them again? Disney, cutting thousands of jobs—trying to reduce costs amid streaming competition. We have more on its strategy. Electric car maker Lucid, the latest to enter the EV price war, announcing its own discount if you buy select…
NTD Business (Feb. 9): Trump’s Facebook, Instagram Accounts Restored; Disney to Cut 7,000 Jobs to Save Costs
Facebook and Instagram have restored former President Donald Trump’s accounts after a two-year ban. Is he posting on them again? Disney is cutting thousands of jobs—trying to reduce costs amid streaming competition. Electric car maker Lucid, the latest to enter the EV price war, announced its own discount if you buy select models. For the…
Shell 2022 Profit More Than Doubles to Record $40 Billion
LONDON—Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices allowed it to hand shareholders unprecedented returns. The British company’s record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week…
Shell Resumes Gas Supply to Australian Market
Global energy giant Shell has lifted its suspension on new gas contracts to Australian businesses a week after the competition watchdog warned it would penalise companies that breach the temporary gas price orders. Following a near six-week freeze on gas talks in response to the federal government’s emergency cap on wholesale gas prices at $12…
Increased UK Windfall Tax Hits Shell’s Earnings for Last Quarter of 2022
The increased level of UK windfall taxes on oil and gas producers has hit Shell’s earnings in the fourth quarter of 2022, the company has said. Shell revealed it will face a hit of $2 billion (£1.7 billion) to its latest quarterly earnings due to windfall taxes in both UK and the European Union. The…
Shell Suspends Deals in Response to Australian Government’s Energy Price Controls
December 14, 2022
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Global energy giant Shell has suspended talks to supply gas to Australian businesses in response to the federal government’s contentious move to cap the wholesale price of gas and coal—effectively cutting into the profits of energy companies—an action supposed to lower retail prices for households. Shell’s move comes amid a wave of opposition from energy…
TotalEnergies, Shell Post Bumper Profits, LNG Business Diverges
October 27, 2022
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LONDON/PARIS—Europe’s two largest energy companies Shell and TotalEnergies reported profits of more than $9 billion in the third quarter, though Shell’s liquefied natural gas (LNG) division struggled to capture the benefits of high fuel prices. The strong earnings were likely to intensify calls in Britain and the European Union for further windfall taxes on energy…
Shell Reports Drop in Profit to $9.45 Billion, Hikes Dividend
October 27, 2022
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LONDON—Shell on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said it will sharply boost its dividend by the end of 2022 when its CEO departs. The British oil and gas giant also extended its share repurchasing program, announcing plans…
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