Oil giant Shell saw its profits soar to £8.5 billion in 2017, more than double what they were in the previous year.Read the full story ›
A judge ruled that English courts do not have the jurisdiction to try actions by Nigerian communities over oil spills in the Niger Delta.Read the full story ›
The company may have got it wrong when they slashed funding for wind power in the past, chief executive Ben van Beurden admits.Read the full story ›
It expects to cut around 2,800 roles globally across the combined group - approximately 3% of total workforce.Read the full story ›
Oscar-winning actress Emma Thompson led the celebrations out Shell's London HQ after the announcement it is to cancel Arctic drilling plans.Read the full story ›
Around 6,500 jobs will be axed at Royal Dutch Shell this year as the oil giant struggles amid a slump in prices, it was announced today.
The firm said it was "planning for a prolonged downturn" by cutting costs by 10 per cent - some $4 billion (£2.6bn) - during 2015, with further cost-cutting expected for 2016.
Investment for the year is also being slashed by a fifth, or $7bn (£4.5bn), with chief executive Ben van Beurden adding: "We have to be resilient in a world where oil prices remain low for some time, whilst keeping an eye on recovery."
Oil giant Royal Dutch Shell is to buy exploration firm BG Group in a deal valuing the British business at about £47 billion.
The companies unveiled details of the huge merger, the biggest in the industry for several years, in a statement to the London stock exchange.
The swoop by the Anglo-Dutch company comes as the oil industry looks to become more efficient and reduce costs in the face of falling energy prices. BG Group, which employs about 5,200 staff in 24 countries, was created in 1997 when British Gas demerged into two separately-listed companies.
The oil company will seek approval to dismantle one of Britain's oldest and largest oil and gas fields.Read the full story ›
Shell has confirmed it is planning to drill in Alaska in 2015, according to ITV News Business editor Joel Hills.
Shell confirms it is planning to drill in Alaska in 2015, subject to all necessary permission.
Energy company Shell has confirmed that its fourth quarter 2014 earnings have risen to $4.2 billion compared with $2.2 billion for the same quarter a year ago. On a "current cost of supplies" basis, full year 2014 earnings were $19.0 billion compared with $16.7 billion in 2013. In the firm's Q4 results, which come despite the cost of oil plummeting recently, it also noted savings of over £15 billion in potential spending over the next three years.
Our strategy is delivering, but we’re not complacent. Weaker oil prices underline that there’s a lot more to do. The three themes of financial performance, capital efficiency and project delivery will remain as Shell’s priorities in 2015.
In it's full year update, Shell said it had options to further reduce spending, but was "not over-reacting to current low oil prices".