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The Latest Breaking News from Shell

Shell CEO to step down at end of year, as replacement is revealed

Current incumbent will remain as a board advisor until next June

Insider UK

Kwasi Kwarteng to lift cap on banker bonuses; John Lewis slumps to £99m loss –as it happened

Chancellor reportedly plans to lift the EU-imposed banker bonus cap as part of post-Brexit reforms; John Lewis says ‘uniquely uncertain’ outlook puts staff bonuses at risk

The Guardian - UK

FTSE 100 Live: John Lewis reports £99m loss, Shell boss to step down

John Lewis Partnership has reported a half-year loss of £99 million and described the outlook for the rest of the year as “highly uncertain”.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Shell appoints Wael Sawan to replace outgoing chief Ben van Beurden

Energy firm’s head of integrated gas and renewables division will take overall control from 1 January

The Guardian - UK

Martin Lewis issues new energy bill advice for households on a fixed tariff ahead of October increase

The consumer champion explains what will happen to tariffs once the Energy Price Guarantee is applied.

Daily Record

Niger Delta oil spills bring poverty, low crop yields to farmers

Industry insiders say six decades of oil exploration have made the Niger Delta one of the most polluted places on earth.

Al Jazeera

How to invest in oil

Soaring energy prices have dominated the headlines over the last year. In the oil sector, the wholesale price of Brent crude oil (a key oil industry measure), is almost five times higher now than in April 2022, and motorists have faced record petrol prices at the pumps.

Evening Standard

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How to invest in natural gas

Natural gas has featured regularly in the news of late, with the wholesale price having more than doubled in 2022 after Russia’s invasion of Ukraine. The UK government has also reopened the controversial debate on fracking as a way of reducing natural gas imports.

Evening Standard

Oil and gas firms’ green investments fail to match promise of publicity – study

BP, Chevron, ExxonMobil, Shell and TotalEnergies spend $750m a year burnishing climate credentials but only 12% of capital on low-carbon development

The Guardian - UK

Liz Truss refuses to say who will pay for energy bill freeze

Keir Starmer accused Liz Truss of protecting the profits of Shell and giving Amazon a tax break rather than helping families.

Daily Record

Liz Truss comes under fire for refusing to extend windfall tax at first PMQs

LIZ Truss came under fire for her refusal to tax corporations making record-busting profits amid the cost of living crisis during her first…

The National (Scotland)

The cheapest petrol prices in every Greater Manchester borough amid 'postcode lottery'

An RAC spokes person says petrol prices vary wildly depending on where a driver is in the country

Manchester Evening News

The people making a difference: the climate activist fighting fossil fuel giants

Nick Hodgkinson gave up his job when his health worsened, and began campaigning to halt climate change. Now it is his turn to be treated

The Guardian - UK

Shell boss Ben van Beurden prepares to stand down, reports say

Energy firm shortlists four internal candidates to take over as chief executive in 2023

The Guardian - UK

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Reuters

Nigeria's Ogoniland is dirtier than estimated despite landmark oil cleanup

Pollution in Nigeria's Ogoniland, which has been part of a landmark cleanup effort involving the United Nations Environmental Programme, could be worse than it previously estimated, a group monitoring the project said in a statement this week.

Newsroom.co.nz

Bad economics trumps good environmental outcomes

Whether pumping petrol or fouling streams, sometimes environmental regulations make it just seem easier to go with the flow.

Benzinga

Top Financial Stories Thursday, September 1: Netflix Weighs Charging High Sum For Ads, Self Harm posts Grow On Twitter, California Fast-Food Bill Faces Industry Backlash…

Wall Street Journal

The Guardian - UK

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

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news in one place.

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Benzinga

Looking At Shell's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Shell (NYSE:SHEL). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Guardian - UK

European gas shortages likely to last several winters, says Shell chief

Warning raises prospect of continued rationing, as Total boss says Europe has to plan for future without Russian supplies

Reuters

Zelenskiy blames Russia as Europe counts cost of gas crisis

Ukraine's President Volodymyr Zelenskiy accused Russia of economic terrorism on Monday as the cost of Europe's energy crisis spiralled with Germany on the hook for at least 19 billion euros to bail out its biggest importer of Russian gas.

Manchester Evening News

'Deep rooted anger': Oil drilling protesters cause a stir at Shell petrol station

"If you're in a hole you first stop digging"

Evening Standard

Shell refund: Who will get it and how to check if you’re eligible

Customers who are eligible for a refund will receive automatic payments to their accounts without the need for a request.

Wales Online

Martin Lewis explains who is making 'big money' during energy crisis

Government responsible for policing profits rather than Ofgem, says Money Saving Expert

Daily Mirror

Energy boss on £6m will get £770,000 payday in October as Brits' bills rocket

Linda Cook is benefitting from an £84m interim dividend announced by Harbour Energy today as its profits rose 1,100% to almost £1.3billion in the first half of 2022

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