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The Latest Breaking News from Shell

Was 2025 the year that business retreated from net zero?

From retailers to banks, carmakers to councils, the bold pledges for carbon-neutral economies are being watered down or scrapped

The Guardian - UK

BP's C-suite milestone: Women in both the CEO and CFO seats

Woodside Energy leader Meg O’Neill will join BP as CEO, alongside finance chief Kate Thomson.

Fortune

BP opts for culture shock with new CEO appointment, but the timing is odd

The decision to replace Murray Auchincloss with Woodside’s Meg O’Neill is puzzling on at least two counts

The Guardian - UK

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Embattled BP replaces CEO, naming Woodside Energy chief as first-ever woman leader of a Big Oil giant

BP’s new American CEO is a global traveler who just helped an Australian energy player grow worldwide.

Fortune

FTSE 100 dips as BP and Shell fall amid oil slide

Figures from the ONS showed the unemployment rate rose to 5.1% in the three months to October, up from 5% in the three months to September.

Evening Standard

Survivors sue Shell in landmark case over deadly typhoon in Philippines: ‘We swam for our lives’

More than 100 Filipinos affected by Super Typhoon Rai are suing the British company in a case that will likely test whether fossil fuel companies can be held liable for specific climate disasters

The Independent UK

Carbon capture was spruiked as a way of limiting our emissions – but has Australia been greenwashed?

Despite billions in investment, carbon capture and storage technology ‘should be in no way treated as a climate solution’, critics say

The Guardian - AU

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Can Typhoon Survivors Win Against Shell? Landmark UK Case Tests Climate Reparations

Typhoon survivors sue Shell in landmark UK case testing climate reparations for Super Typhoon Rai's role in deaths and damages linked to fossil fuel emissions

International Business Times UK

'A transformative step for British sport' - British Cycling announces new commercial arm

The governing body is looking for "strategic equity and investment partners" to catalyse its new venture

Cycling Weekly

Shell-funded school materials accused of downplaying fossil fuels’ climate impact

School materials emblazoned with the Shell logo are shaping how children as young as 10 learn about climate change.

Euronews

'Climate obstruction' alarms raised with museum sponsor

Ties between a state museum and a major gas company are being questioned by a climate communications group as scrutiny of fossil fuel sponsorship grows.

AAP

Queensland Museum accused of misleading teachers and children about the cause of climate change

Education program sponsored by Shell’s Queensland Gas Company is ‘climate obstruction dressed up as education’, advocacy group says

The Guardian - AU

FTSE 100 falls despite benign US inflation data

For the week, the FTSE 100 fell 0.6%, the FTSE 250 ebbed 0.5% and the AIM All-Share declined 0.3%.

Evening Standard

Shell, Equinor Form JV To Lead UK North Sea Oil Production

Shell PLC (NYSE:SHEL) has finalized a deal with Equinor ASA (NYSE:EQNR) to merge their U.K. offshore oil and gas operations into a new company called Adura.

Benzinga

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Evening Standard

Shell fined after major hydrocarbon release on rig linked to corroded pipework

The Health and Safety Executive said 176 staff working on the platform were put at risk from an explosion if the escaping hydrocarbon gas had ignited.

The Independent UK

Belgian farmer sues French energy giant for damage caused by climate change

A Belgian farmer is taking TotalEnergies to court, arguing the company should pay for climate change damage

The Guardian - AU

Ukraine war briefing: Fire sale of Lukoil assets before start of US sanctions on Russia

Foreign properties may be nationalised if Lukoil doesn’t sell, or the proceeds frozen if it does; Zelenskyy grapples with corruption scandal fallout. What we know on day 1,359

The Guardian - UK

My father, Ken Saro-Wiwa, died fighting for a clean Nigeria. Thirty years on, it’s time to stop sucking on the dirty teat of the oil cash cow

In 1995, as one of the Ogoni Nine, he was hanged after protesting against Shell’s oil pollution. With education and a move towards renewable energy, we can honour his legacy

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The Conversation

When polluters don’t pay: still no cleanup at South African oil refinery that’s caused millions in damage but was sold for 6 cents

When BP and Shell sold the South African Petroleum Refinery (Sapref) in 2024 to the Central Energy Fund, a government entity, for R1 (or six US cents), environmental advocates warned that Sapref had not taken any steps to clean up pollution. Neither had it made reparations for harm inflicted on…

The Guardian - US

How thousands of fossil fuel lobbyists got access to UN climate talks – and then kept drilling

Exclusive: Research shows oil, gas and coal firms’ unprecedented access to Cop26-29, blocking urgent climate action

Evening Standard

Reeves urged to examine ‘legality’ of Shell-Equinor deal to create new company

Campaigners opposed to the Rosebank oil field, of which Equinor is a majority shareholder, are amongst those raising concerns with the Chancellor.

Benzinga

Shell Secures 15-Year LNG Deal With UAE's ADNOC

Shell PLC (NYSE:SHEL) shares are trading lower on Tuesday. The company’s subsidiary, Shell International Trading Middle East Limited FZE, penned a 15-year deal with Abu Dhabi National Oil Company (ADNOC).

Evening Standard

BP accelerates overhaul with higher asset sale target as profits beat forecasts

The oil giant reported third quarter underlying replacement cost profits of 2.21 billion US dollars (£1.68 billion), down 3% on a year earlier.

Euronews

European markets rise, oil prices jump on OPEC+ decision

Key European stock indexes started the week with gains, boosted by the oil sector and expectations for a range of corporate earnings this week.

Fortune

Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East.

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