Shell | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Shell is a global group of energy and petrochemical companies headquartered in London, England. With operations in over 70 countries...


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Shell is a global group of energy and petrochemical companies headquartered in London, England. With operations in over 70 countries and employing 103,000 people, Shell serves more than 1 million commercial and industrial customers, as well as around 33 million retail customers daily at its service stations. The company focuses on providing cleaner energy solutions and powering progress through innovation in energy supply, including oil, natural gas, and renewable energy.

Website
Headquarters
London, England
Size
10,001+ employees
Industry
Oil and Gas

πŸ›οΈ Shell Product and Pricing News β†’

πŸ‘” Shell CEO, Management and Leadership Team β†’

βš”οΈ Shell Alternatives and Competitors β†’

πŸ’Ό Shell Hiring and Layoffs β†’

πŸ€– Shell Developer, Integration and Automation News β†’

πŸ“ˆ Shell Financials, Fundraising and Valuation News β†’

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πŸ›οΈ Shell Product and Pricing News

  • Shell won its appeal against a 2021 Dutch court ruling that would have required a 45% reduction in global carbon dioxide emissions by 2030.
  • Shell signed concession contracts in the Pelotas Basin, expanding its oil and gas exploration and production portfolio in Brazil to 65 contracts.
  • A Dutch appeals court overturned a ruling that required Shell to cut its carbon emissions by 45% by 2030, citing insufficient consensus on the specific reduction percentage.
  • Shell's CEO Wael Sawan expressed satisfaction with the Dutch court's ruling in favor of Shell in the appeal case filed by Milieudefensie and others, affirming the company's commitment to becoming a net-zero emissions energy business by 2050.
  • On November 12, 2024, a Dutch appeals court ruled that Shell is not required to significantly reduce its greenhouse gas emissions by 2030, overturning a previous order and marking a setback for environmental activists.

  • Shell has launched an innovative plant at Shell Chemicals Park Moerdijk to chemically recycle hard-to-recycle plastics, attended by Shell Nederland's president-director Frans Everts and government officials.
  • Shell opened its first LNG fueling station in Slovakia on the D2 highway near Lozorno, marking a significant step in decarbonizing freight transport.
  • The Nigerian regulator NUPRC has withheld approval for the Shell/Renaissance transaction, citing unmet criteria.

πŸ‘” Shell CEO, Management and Leadership Team


βš”οΈ Shell Alternatives and Competitors

  • ExxonMobil
  • |
  • Saudi Aramco
  • |
  • BP
  • |
  • Chevron
  • |
  • TotalEnergies
  • |
  • PetroChina
  • |
  • Sinopec
  • |
  • Petrobras
  • |
  • Marathon Petroleum
  • |
  • Woodside Energy Group
  • |
  • ADNOC
  • |
  • Koch Industries
  • |
  • Hess

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πŸ’Ό Shell Hiring and Layoffs

  • Shell has appointed Haytham Yehia as Chairman and CEO of Shell Lubricants Egypt and Cluster General Manager for the Middle East and Central Asia.
  • Shell is currently seeking a Franchise Partner in Germany.


πŸ€– Shell Developer, Integration and Automation News

  • Shell Brasil signed an agreement with FAPESP and several Brazilian universities to invest R$ 82.4 million in 15 new research projects for energy transition at the Center for Innovation in New Energies (CINE).
  • Technip Energies and Shell Catalysts & Technologies have agreed to form an exclusive global alliance for carbon capture using Shell's CANSOLV COβ‚‚ Capture System.
  • Shell Malaysia is partnering with Progressture Solar to install up to 20 MWp of solar capacity across more than 600 retail stations to cut emissions by 50% by 2030.
  • Shell has started building the Bioenergy Center in Piracicaba, SP, in partnership with RaΓ­zen and Senai, to develop decarbonization solutions from sugarcane, with completion expected in 2026.
  • Citizen developers helped Shell run safer and more efficiently using Microsoft Power Platform.


πŸ“ˆ Shell Financials, Fundraising and Valuation News

  • Shell's earnings exceeded expectations at $6.03 billion due to strong performance in its gas and upstream divisions, despite low oil prices and weak refining margins.
  • Shell reported a $6 billion profit for Q3, exceeding forecasts by 12% due to strong LNG sales, and announced a $3.5 billion share buyback.
  • Wafi Energy becomes the majority shareholder of Shell Pakistan Limited, the exclusive licensee for Shell in Pakistan.
  • Shell's investment in renewable energy has dropped to 8% of total spending, with the company still heavily investing in fossil fuels, according to a financial report dated October 31, 2024.


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