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Shell Intends To Halt Operations In Russia, Apologizes For Russian Oil Purchase
Tuesday, March 8, 2022 - 10:37am | 454Shell PLC (NYSE: SHEL) on Tuesday announced its intentions to withdraw from Russian energy and oil in the wake of Russia's invasion of Ukraine. What To Know: Shell said it plans to withdraw all involvement in Russian hydrocarbons, including crude oil, petroleum products, gas and...
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The Future Of Big Oil Isn't Necessarily Oil
Wednesday, July 20, 2016 - 10:51am | 361Royal Dutch Shell plc (ADR) (NYSE: RDS-A) is an oil company, right? If you ask the company's CEO Ben van Beurden this question the answer is a straight up no. According to a report by Bloomberg, Shell's CEO said the company that he oversees is more of a gas company than oil company. Near Australia'...
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What To Expect From Oil In 2016
Thursday, December 17, 2015 - 4:01pm | 15132015 has been a difficult year for oil investors and companies, as crude prices plummeted and supplies far outweighed demand. Several different factors have weighed on oil over the past year, all of which have kept the market from rebounding. The global economy has been a major contributor to...
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Oil Companies Switch Their Approach To The Climate Change Debate
Tuesday, May 26, 2015 - 2:47pm | 466Over the past few years, global efforts to address climate change issues and reduce carbon emissions have ramped up, leaving big oil companies to defend their highly criticized practices. Now, those companies are taking a new position on the issue in an effort to ensure that their operations can...
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Shell CEO: Here's Why We're Acquiring BG Group
Wednesday, April 8, 2015 - 1:59pm | 358Royal Dutch Shell plc (ADR) (NYSE: RDS-A) and BG Group plc (ADR) (OTCMKTS: BRGYY) announced today that the former has agreed to acquire the latter for $70 billion. Royal Dutch Shell CEO Ben van Beurden was on CNBC Wednesday to explain why the company is acquiring BG Group. Bringing New Things...
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Market Wrap For April 21: S&P 500 Extends Winning Streak To Five Days, Dow & Nasdaq Also Positive
Monday, April 21, 2014 - 4:37pm | 2987U.S. stocks rose as investors felt that earnings season is positive enough so far to reverse weakness the markets have seen in recent weeks. "Investors were braced for poor results, and at least so far, the numbers have been better than feared. We'll have a little more information to act on...
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Shell Halts Arctic Oil Exploration
Saturday, February 1, 2014 - 5:24pm | 550Royal Dutch Shell (NYSE: RDS-A) says it is stopping its oil exploration efforts in the Arctic waters off the Alaskan coast for the year. The announcement came as Shell announced a steep drop in its its fourth-quarter 2013 earnings The company's new CEO, Ben van Beurden, cited several factors,...