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

  • Viaro Energy's CEO Francesco Mazzagatti is accused in a UK lawsuit of forging documents to misappropriate funds while purchasing North Sea assets from Shell and Exxon Mobil.
  • Shell and Eco Wave Power have secured a US Army permit to develop a 100-kW onshore wave energy project at the Port of Los Angeles, with installation planned by Q1 2025.
  • 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'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.
  • 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.

  • 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 signed concession contracts in the Pelotas Basin, expanding its oil and gas exploration and production portfolio in Brazil to 65 contracts.
  • 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.

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 Energy collaborates with strategic partners like Iron Mountain Data Centers and Rowan Digital Infrastructure to support AI's energy future through energy flexibility and new technologies.
  • Shell Energy announced a corporate power purchase agreement with LyondellBasell to supply 139 gigawatt hours of wind and solar power annually for its operations in the Netherlands.
  • 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, along with BP, Equinor, and Total Energies, announced a $500 million investment to expand energy access and clean cooking in Sub-Saharan Africa and South and Southeast Asia.
  • Shell has announced the acquisition of a 609-megawatt combined-cycle gas turbine power plant in Johnston, Rhode Island, marking a significant step in its U.S. market expansion and commitment to clean energy.
  • Ukrnafta signed an agreement with Shell to acquire a 51% stake in Alliance Holding LLC, the operator of Shell's filling station network in Ukraine, and will apply for merger approval.
  • 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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