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The Latest Breaking News from Shell

Petrol prices at pumps across Wales make for grim reading

UK petrol prices are at a record high and this is the picture at stations in Wales

Wales Online

Full list of UK sanctions placed on Russia as businesses begin to boycott the country

As well as UK Government sanctions, a number of large firms have also stepped in and cut ties with Russia.

Daily Record

Shell, BP and ExxonMobil have done business in Russia for decades – here's why they're leaving now

In response to Russia’s invasion of Ukraine, British energy giant BP announced on Feb. 27, 2022, that it will sell its nearly 20% ownership in Russian state-owned energy giant Rosneft. BP’s rival Shell is also pulling out of all of its operations in Russia, as are U.S. energy giant ExxonMobil…

The Conversation

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John Lewis, Sainsbury's, H&M and 25 more firms that have cut ties with Russiain past week

British Gas, Morrisons and PayPal are just some of the huge companies suspended ties with Russia in an act of solidarity against Vladimir Putin's war on Ukraine

Daily Mirror

Oil price jumps to nearly $114; natural gas prices reach record highs – as it happened

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities

The Guardian - UK

Economy and Society: ESG goes to war?

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Oil companies are fine with destroying the planet, just not like this

Despite initially lobbying for lighter sanctions and loosened regulations, Big Oil firms including BP and Shell are now pulling out of Russia.

Mic

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British Gas owner Centrica to exit Russia gas supply contracts

It comes after a number of UK energy companies, including BP and Shell, moved to sever their ties to Russia because of the conflict.

The Independent UK

British Gas owner follows BP and Shell in cutting Russia ties

Centrica announces end of gas supply agreement with Kremlin-controlled Gazprom

The Guardian - UK

Russian strike takes out TV tower in Kyiv next to Holocaust memorial, shell Mariupol, kills five

Ukrainian authorities say five people died during a Russian missile strike next to a Holocaust memorial in Kyiv. Other cities, including Mariupol and Kharkiv, remain under heavy attack.

ABC News

Shell finance chief Jessica Uhl quits after oil supermajor’s move to London

Jessica Uhl cites ‘family reasons’ as she steps down

Evening Standard

‘Uninvestable’: Businesses rush to cut ties with Russia as ‘moral’ pressure grows

Shell has cut links with state gas company Gazprom, investors are dumping stocks and bitcoin is spiking with the rouble at all-time lows

Evening Standard

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

The Guardian - UK

40-mile Russian convoy threatens Kyiv; shelling intensifies

A 40-mile convoy of Russian tanks and other vehicles is threatening Ukraine’s capital as an intense shelling attack targeted the country’s second-largest city

The Independent UK

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The Guardian - UK

The great decoupling: how UK-based firms are unwinding exposure to Russia

Oil companies and City and law firms are among many working round the clock to sever ties with Russian-owned businesses

ABC News

ASX rises for the third day and Russia doubles interest rates to prop up the rouble amid financial sanctions over Ukraine invasion

The ASX gains ground as the Reserve Bank keeps interest rates at a record low and Russia more than doubles its key interest rate after the West ramped up financial sanctions over the invasion of Ukraine.

Benzinga

A Double Ouch For Gazprom: Shell, UEFA End Deals With Russian Energy Giant

Gazprom (OTC: OGZPY), the Russian-state owned energy giant which is also the world’s largest publicly-traded natural gas company, received a one-two punch Monday with Shell plc (NYSE: SHEL) terminating its development

The Guardian - UK

BP and Shell lead rush to exit Russia. There can be no going back

Oil is always a political business, and there’s no point pretending otherwise

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news in one place.

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The Independent UK

Shell pulls out of energy investments in Russia over war

Shell says it pulling out of Russia as President Vladimir Putin’s invasion of Ukraine costs the country’s all-important energy industry foreign investment and expertise

The Independent UK

Shell cuts ties with Gazprom as Britain steps up sanctions on Russia over Ukraine invasion

‘We are shocked by the loss of life in Ukraine’ says oil giant chief executive

The Independent UK

Shell to sell all stakes in Gazprom joint ventures

The oil giant said the Russian invasion was “senseless” and that it will divest its stakes worth around three billion dollars.

The Guardian - UK

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

British oil major to exit joint ventures with Gazprom after BP pledged to sell its 20% Rosneft stake

Evening Standard

‘We will not stand by’: Shell exits Russia projects worth $3bn as Ukraine backlash grows

ENERGY giant Shell has bowed to pressure to exit all joint ventures with Kremlin-controlled oil firm Gazprom, ditching stakes in three major gas projects and the undersea pipeline Nord Stream 2 worth a total of $3 billion.

Evening Standard

City comment: Russian gas will keep flowing even if Shell ditches Gazprom

Shell must follow BP and dump Gazprom.

Evening Standard

Shell faces pressure over Gazprom after rival BP pulls plug on $25bn Russia assets

ENERGY giant BP’s decision to sever links with Kremlin-controlled Rosneft has piled pressure on other oil majors to follow suit, with FTSE 100 rival Shell facing calls to dump its Russian assets.

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