The Latest Breaking News from Shell

Chancellor Jeremy Hunt has confirmed plans to revert the tax back to 40% from 75% in a move that has been criticised by campaigners

Jeremy Hunt hopes suspending energy profits levy if Brent crude falls below $71.40 a barrel will aid investment

A marketing campaign by oil major Shell has been banned by the U.K.’s advertising watchdog Wednesday for implying a big proportion of its business was in low carbon energy even though fossil fuels make up the “vast majority” of its operations

THREE ads for Shell promoting its low-carbon products have been banned for failing to make any mention of the energy giant’s ongoing…

The ASA said Shell and Petronas should have revealed the “overall environmental impact of their business” in the ads

Advertising Standards Authority says ads do not make clear company’s business is mostly based on fossil fuels

"The ruling is expected to set a precedent"

Shell omitted any mention that oil and gas continued to make up the ‘vast majority’ of its business, the Advertising Standards Authority said.

Shell launched into the home energy supply market in 2018 after taking over First Utility and rebranding the business to Shell Energy Retail - it currently has around 1.4million customers

Shell wants to leave the household energy retail sector

Despite lingering macroeconomic headwinds, the energy sector is well-placed for significant growth this year. Sustained energy demand worldwide and constrained supplies are expected to boost oil and gas prices. Energy producers Marathon Oil (MRO) and Shell (SHEL) should benefit from the sector’s bright growth prospects. But which of these stocks…