Shell (SHEL, Financial) saw its shares rise by 1.56%, reaching $69.58. The company announced expectations of a significant decline in refining margins for the third quarter due to reduced global demand, which also impacted oil product trading earnings. Despite these challenges, Shell has raised its liquefied natural gas (LNG) production forecast for the third quarter from the previous range of 6.8-7.4 million tonnes to 7.3-7.7 million tonnes, with trading performance expected to remain stable compared to th ...

The following is an update to the third quarter 2024 outlook and gives an overview of our current expectations for the third quarter. Outlooks presented may vary from the actual third quarter 2024 results and are subject to finalisation of those results, which are scheduled to be published on October 31, 2024. Unless otherwise indicated, all outlook statements exclude identified items. See appendix for previous quarter historical data. Integrated Gas | --- | --- | --- | |-------------------------------|---- ...

The British energy giant, Shell plc (SHEL) , which entered into a joint venture (JV) with EDF-RE Offshore Development, LLC through its subsidiary Shell New Energies US LLC to create Atlantic Shores Offshore Wind, has received final approval from the federal agencies for two of its wind farms. Overview of the SHEL's JV The Atlantic Shores JV is a partnership between SHEL and EDF Renewables where both companies share a 50% stake in constructing two offshore wind farms. The wind farms, located 8.7 miles off th ...

Press Release October 4, 2024 Shell plc Announces Final Results of Exchange Offers Shell plc ("Shell") (LSE: SHEL) (NYSE: SHEL) (EAX: SHELL) today announced the final results of its previously announced offers to exchange (the "Exchange Offers" and each, an "Exchange Offer") up to a maximum aggregate principal amount of $12 billion (the "Maximum Amount") of any and all validly tendered (and not validly withdrawn) and accepted notes of twelve series issued by Shell International Finance B.V. ("Shell Internat ...

Shell (SHEL) closed the most recent trading day at $68.46, moving +0.94% from the previous trading session. This change outpaced the S&P 500's 0.17% loss on the day. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%. The the stock of oil and gas company has fallen by 1.01% in the past month, lagging the Oils-Energy sector's gain of 0.85% and the S&P 500's gain of 1.25%. Market participants will be closely following the financial results of Shell in its upcoming release. The compa ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup New ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 Commission File Number: 1-32575 Shell plc (Exact name of registrant as specified in its charter) England and Wales (Jurisdiction of incorporation or organization) Shell Centre London, SE1 7NA United Kingdom (Address of principal executive office) Indicate by check ...

Shell (SHEL) closed at $66.11 in the latest trading session, marking a +1.18% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.13% for the day. Elsewhere, the Dow saw an upswing of 0.33%, while the tech-heavy Nasdaq depreciated by 0.39%. Coming into today, shares of the oil and gas company had lost 9.9% in the past month. In that same time, the Oils-Energy sector lost 4.69%, while the S&P 500 gained 2.43%. Analysts and investors alike will be keeping a close eye on the p ...

Shell plc (SHEL) has secured a win for a shallow water block from the government of Trinidad and Tobago, outpacing bids made by other energy giants like BP and EOG Resources. With Trinidad and Tobago's declining natural gas output, the nation is struggling to provide sufficient gas to its liquefied natural gas and petrochemical facilities. The government is seeking to increase its natural gas production rates and has organized bidding rounds to attract producers to advance exploration and production activit ...

Norwegian unit of the British energy giant, Shell plc (SHEL) has decided to cancel its blue hydrogen project, the Aukra Hydrogen Hub, due to a lack of demand. The company announced its decision days after Equinor ASA (EQNR) , a Norway-based state-owned energy company, cancelled a similar project. Shell Cites Lack of Demand for Cancellation Under the project, Shell along with its partners, Aker Horizons and CapeOmega, would have used natural gas from the company's Nyhamna processing facility to produce about ...