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Shell

🌎 shell.com

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.

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Shell - Latest News and Updates

• 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, 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.

• 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 was recognized as a Partner-level supplier and named Aftermarket Supplier of the Year by John Deere in the 2023 Achieving Excellence Program.
• Shell is exiting Ukraine's gas station network due to the ongoing war, with Ukrnafta set to acquire Shell's 118 gas stations.
• Shell, led by CEO Wael Sawan, is scaling back its green initiatives and selling off assets like Select Carbon to close the valuation gap with U.S. rivals ExxonMobil and Chevron.

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