The Latest Breaking News from Shell

It comes after the energy price cap surged by 54% from April 1

Shell Energy has launched a hardship fund for struggling households, offering a £5million pot of cash to help customers due the cost of living crisis. It comes after the Ofgem price cap shot up by almost £700 last week

Reuters Here’s Why HP Shares Are Trading Higher Premarket

Shell Plc (NYSE: SHEL) will write down up to $5 billion follow

Shell says its decision to pull out of Russia in response to the country’s invasion of Ukraine has already cost the international energy giant as much as $5 billion

Writedowns, credit losses and “onerous contracts” will cost the company between $4 billion and $5 billion

The oil giant said last month it would offload its businesses in Russia following the country’s invasion of Ukraine.

Rolling coverage of the latest economic and financial news

The long-awaited energy strategy from the UK Government could be good news for oil, gas and renewable sectors in Scotland.

WASHINGTON — As consumers fume over skyrocketing prices for gasoline and other commodities, congressional Democrats on Wednesday called executives from big oil companies on the carpet to explain why they appear to be making unseemly fat profits in the face of an international crisis.

One CEO called to testify about high gas prices at a hearing Wednesday gave $469,000 since 1993, public records show.