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The Latest Breaking News from Wael Sawan

Shell earnings top $5 billion. But that's nearly half what it pulled in months ago

Shell has reported that it earned nearly $5.1 billion in the second quarter

The Independent UK

Coutts CEO stands down in Farage bank account row, as Sunak fails to back NatWest chairman Davies – as it happened

Peter Flavel says Coutts fell below its ‘high standards’ in the handling of Nigel Farage’s case, while Rishi Sunak declined to say whether he had confidence in NatWest’s chairman

The Guardian - UK

Shell misses expectations as earnings halve

Adjusted earnings were just under 5.1bn US dollars (£3.9bn) in the three months to the end of June, down from 11.5bn dollars (£8.9bn) a year earlier.

The Independent UK

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Do Shell chief’s claims about cutting oil output being dangerous stack up?

Wael Sawan accused of ‘gaslighting’ after saying cuts would worsen cost of living crisis and disadvantage poorer countries

The Guardian - UK

Shell CEO calls it 'irresponsible' to cut oil production now

The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at a time when the world economy is still dependent on fossil fuels

The Independent UK

Shell boss under fire for saying cutting fossil fuel production is ‘dangerous’

Wael Sawan criticised by climate campaigners after comments defending continued reliance on oil and gas

The Guardian - UK

Shell boss says cutting oil and gas production would be ‘dangerous’

Chief executive states the world still 'desperately needs' petrochemicals because renewables cannot yet replace them

Insider UK

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Shell faces backlash for ‘destructive’ decision to abandon oil reduction plans

Plan to reduce oil production by up to 2% each year this decade dropped, with claim that oil field sell-offs mean target already reached

Insider UK

Shell drops target to cut oil production as CEO aims for higher profits

Wael Sawan prioritises shareholder payouts, setting out plan to keep oil production steady until 2030

The Guardian - UK

Shell agrees to pay $10 million for air pollution at massive new Pennsylvania petrochemical plant

Shell has agreed to pay $10 million to resolve allegations that it polluted the air around its massive new petrochemical refinery in western Pennsylvania

The Independent UK

Climate change protesters try to storm the stage at tense Shell AGM

Shareholder revolt secures 20% of votes as activists shout about ‘climate criminals’

The Independent UK

Shell AGM disrupted by protests as investors reject new emissions targets

Bosses defend oil company against accusations it is not switching away from fossil fuels quickly enough

The Guardian - UK

Shell shareholders should oust chair, says influential adviser

Pirc and Church of England back calls for investors to vote against Sir Andrew Mackenzie at AGM

The Guardian - UK

Fury as Shell makes £7.6BILLION in 3 months as Tory windfall tax failure blamed

The oil giant raked in a record £7.6billion in the first three months of this year, or £986 every second, and showered shareholders with £4.8billion

Daily Mirror

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Evening Standard

Shell’s £8 billion profit stokes calls for more taxes as it makes £58,000 a minute

Anglo-Dutch oil major to return £3.2 billion to investors

Investors Business Daily

BP Stock Jumped 20% After Trimming Climate Targets — A Black Eye For ESG Investing?

BP shook up its carbon reduction strategy after lagging behind U.S. energy stocks for years. What does this mean for ESG?

Wales Online

Huge £10m pay packet for ex-Shell boss while Brits struggle with astronomical energy bills

Some people have accused energy suppliers of profiteering off the war in Ukraine as the supply is causing prices to rise

Daily Mirror

Fatcat ex-Shell boss handed huge £10m pay packet - as Brits struggle to pay energy bills

Last month, Shell reported record profits of £32.2billion for 2022 which was double the previous year's total

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The Guardian - UK

Labour proposes long-term tax breaks to increase UK investment and growth

News comes after top company bosses criticise government energy policy for failing to spur investment

The Guardian - UK

UK construction sector rebounds ‘as recession fears fade’; car sales jump 26% – as it happened

Encouraging economic signs as construction activity rises at fastest rate for nine months in February, and UK car market grows for seventh month running

Salon

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Los Angeles Times

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

The Independent UK

Shell company directors earned enough in 2021 to pay 390 nurses, as firm sees record profits

A look at those leading the oil and gas firm as it enjoys the largest profits in its 115-year-history

The Guardian - UK

Shell’s lack of ambition is maddening: it’s time to speed up transition to renewables

Even on the company’s broader metric, the greener stuff came out at only one-third of total expenditure

ABC News

Shell profit doubles to record $56 billion in 2022 as war drives up energy costs

Global energy giant Shell has said that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

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