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The Latest Breaking News from Shell

Top Financial Media Stories Thursday, September 15: US Railway Companies, Unions Reach Tentative Agreement, Tesla To Wind Down Stores In China's Flashy Malls, Netflix Could Face Legal Action Over South Korean Crime Drama And More..

US Railway Companies, Unions Reach Tentative Agreement Averting Catastrophic Strike

Benzinga

Shell CEO to step down as oil giant looks to climate goals

Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge as oil and natural gas companies are under pressure to shift away from fossil fuels

The Independent UK

Shell chief executive Ben van Beurden to step down

The change at the top of the UK’s most valuable company is the 18th FTSE 100 CEO resignation announced in 2022

Evening Standard

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Shell CEO to step down, hand reins to renewables chief

London (AFP) - Shell on Thursday announced the exit of chief executive Ben van Beurden as the British oil and gas giant looks to reinvent itself under group renewables boss Wael Sawan.

AFP

Stocks Edge Higher, Retail Sales, Disney, Shell and 'The Merge' In Focus - Five Things To Know

Stock futures higher, dollar resumes climb; Retail sales data in focus amid gas price decline; Disney edges higher as CEO Chapek touts ESPN potential; Shell names renewables boss as new CEO and Ether slips lower after successful Ethereum 'merge'.

The Street

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

Shell says CEO stepping down at end of 2022

London (AFP) - British energy giant Shell announced Thursday that chief executive Ben van Beurden will step down at the end of the year to be replaced by renewables director Wael Sawan.

AFP

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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

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

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

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The Guardian - UK

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

AFP

Energy majors exaggerating green performance: analysis

Paris (AFP) - Energy majors are exaggerating their green credentials in public messaging while continuing to allocate the majority of new investment to oil and gas projects, according to an industry analysis released Thursday.

Daily Record

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.

The National (Scotland)

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…

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news in one place.

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Manchester Evening News

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

The Guardian - UK

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

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.

AFP

S.African court confirms Shell seismic exploration ban

Johannesburg (AFP) - A South African court on Thursday upheld a ban imposed on energy giant Shell from using seismic waves to explore for oil and gas off the Indian Ocean coast.

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

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