shell
British oil and gas multinational Shell has temporarily stopped the construction of the biofuel plant at the Shell Energy and Chemicals Park Rotterdam, the company said on Tuesday. Shell aims to address several challenges and ensure the future competitiveness of the plant in light of current market conditions, it said in a statement. Huibert Vigeveno, Director Downstream, Renewables and Energy Solutions at Shell, said: "Pausing construction now will give us the time to assess the most commercial path forward for the project."
DPA
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion - and also said it has started repurchasing shares. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, ...
DPA
Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, lower than prior year's $21.43 billion. Total reven...
DPA
Oil giant Shell said on Friday first quarter results for its Trading and Optimisation division are expected to be strong, but significantly lower than an exceptional fourth-quarter of 2023. The company also expects production in Integrated Gas to be in the range of 960 thousand barrels of oil equivalent per day (kboe/d) - 1,000 kboe/d for the first quarter. Quarterly production in Upstream is expected to be in the range of 1,820 kboe/d - 1,920 kboe/d. In Marketing, the company expects quarterly sales volumes to be in the range of 2,150 kb/d - 2,550 kb/d.
DPA
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