The Latest Breaking News from Wael Sawan

The 21st edition of the International Conference and Exhibition on Liquified Natural Gas, or LNG2026, kicked off in Doha, Qatar, gathering global leaders, energy giants and experts with geopolitics, market dynamics, emerging technologies and the energy transition dominating discussions.

Investors are closely watching SHEL for a potential oil jackpot.

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan

Just over a fifth of shareholder votes backed proposals for more disclosure on how increasing LNG production meets Shell’s environmental commitments.

Chief executive Wael Sawan said Shell ‘delivered another solid set of results in the first quarter of 2025’.

The oil and gas company reduced its expectations for natural gas and liquefied natural gas (LNG) volumes for the first quarter of this year.

Shell recently revamped its focus on oil and gas output, a move which has been greatly welcomed by shareholders, due to the current higher returns potential.

Wael Sawan’s total pay lifted by 9% to £8.6 million in 2024 as he landed a £2.9 million annual bonus and £3.9 million in share awards.

Increase in pay package comes despite fall in profits and as oil company waters down pledge to cut emissions