News
SHEL
73.12
-0.20%
-0.15
Global upstream sector set for deals worth $150 bln over rest of 2024, report says
Global upstream sector set for deals worth $150 bln over rest of 2024, report says. M&A activity in the global upstream industry has already crossed the $64 billion mark this year. Focus shifting to shale plays in U.S. Other than the Permian Basin, Rystad Energy says.
Reuters · 8h ago
Europe Distillates-Diesel margins climb on more buying
Northwest European diesel barge margins rise by 81 cents to just under $17 a barrel on Monday. European diesel margins are coming under pressure from high imports and lacklustre demand. Over 28,000 metric tons of barges traded on Monday in the diesel window.
Reuters · 10h ago
Court filing shows Shell earns ~$1B annually from U.S. crude trading - Reuters
Energy Court filing shows Shell earns ~$1B annually from U.S. Crude trading. Shell's oil and gas trading business earns 13-15% of company's overall profits. Shell does not disclose the financial performance of its oil trading division. Former head of the company's crude trading division says the unit typically earns $950M-$1B/year.
Seeking Alpha · 11h ago
Reliance Buys Its First Canadian Crude To Load From New Trans Mountain Pipeline From Shell; Shell To Deliver 2M Barrels Of Access Western Blend Crude To Reliance In July - Sources
Reliance Industries has bought 2 million barrels of Canadian crude from Shell for July delivery. It is the Indian refiner's first oil purchase from Canada's new Trans Mountain pipeline. Shell joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline. The pipeline expansion will nearly triple the flow of crude from Alberta to the Pacific Coast.
Benzinga · 11h ago
Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say
Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say. Indian refiner buys 2 million barrels of Canadian crude for July delivery. Canadian government-owned pipeline expansion will triple the flow of crude from Alberta to Pacific Coast. Reliance joins a growing group of Asian refiners in buying Canadian crude.
Reuters · 11h ago
UPDATE 1-Norway's wealth fund falls short on climate ambitions, NGO says
Norway's $1.6 trillion sovereign wealth fund falls short on climate ambitions, NGO says. The fund pools the Nordic country's state revenues from oil and gas production. Its aim is for the 9,000 companies it invests in to reach -zero greenhouse gas emissions by 2050. Report says fund fails to back shareholder proposals pushing oil companies to cut emissions.
Reuters · 13h ago
Legal Battle Unmasks Shell's Under-The-Radar Oil Trading Earnings: Report
Former employee's lawsuit against oil giant Shell sheds light on company's U.S. Crude trading operations. John Dimech, a former head of Shell’s crude trading division, says the trading division consistently rakes in annual profits ranging from $950 million to $1 billion. The lawsuit was filed in a Texas state court.
Benzinga · 15h ago
Weekly Report: what happened at SHEL last week (0422-0426)?
Weekly Report · 17h ago
UPDATE 2-Namibia's NAMCOR signs deal with Chevron to develop offshore block
Namibia's NAMCOR signs deal with Chevron to develop offshore block in Walvis Basin. U.S. Oil major will take an 80% operating working interest in an offshore block. Oil companies are flocking to Namibia, excited by the country's plans to open up a major frontier basin.
Reuters · 19h ago
Shell earns $1 billion a year from US crude trading, court filing shows
Shell earns $1 billion a year from US crude trading, court filing shows. Former head of Shell's U.S. Crude trading division says the company makes $950 million to $1billion a year. The British oil major does not disclose financial details of its oil and gas trading business.
Reuters · 21h ago
Earnings week ahead: Amazon, Apple, Pfizer, AMD, Coca-Cola, Starbucks and more
Earnings News Healthcare Energy Consumer Earnings week ahead: Amazon, Apple, Pfizer, AMD, Coca-Cola, Starbucks and more. The week of April 29 to May 3 is set to bring a flurry of earnings reports from some of the world's most prominent companies. Tech giants Amazon and Apple are among the companies expected to report their quarterly results. Starbucks, McDonald's, Mastercard and Pfizer will also report during the week. Earnings reports from the semiconductor sector and energy sector also on the calendar.
Seeking Alpha · 1d ago
Wall Street Breakfast: The Week Ahead
It's a big week on the macro front with the Federal Reserve meeting and jobs report. In corporate earnings, major reports are due from Apple and Amazon. Viking Holdings will launch its IPO. The most over-bought and over-sold stocks in the S&P 500.
Seeking Alpha · 1d ago
Exxon Mobil: Positioned For Strong Growth And Current Buying Opportunity
Exxon Mobil's Q1 2024 earnings results were mixed, beating revenue expectations but missing earnings expectations. The market reacted negatively to the results, sending the stock down 2.78%. Despite the disappointing results, Exxon Mobil is positioned to potentially double its upstream profits by 2027. XOM stock is remarkably cheap relative to the rest of the market and is a good buying opportunity.
Seeking Alpha · 1d ago
Chevron and Exxon Earnings Are in… Are they Good Buys?
Netflix, Inc. (NFLX) and Tesla (TSLA) reported disappointing earnings this week. Chevron Corporation and Exxon Mobil Corporation (XOM) reported their first-quarter results yesterday. I think investors will continue to seek shelter in energy stocks as earnings season continues. The energy sector is booming due to rising oil prices and geopolitical tensions.
Investorplace · 2d ago
Catalyst Watch: Apple earnings, Viking IPO, Chinese EV deliveries and Russell indices' Rank Day
Seeking Alpha's Catalyst Watch includes a look at next week's key events. The Russell indices' ranking day will be used for the reconstitution of the firm's U.S. Indexes on April 26, 2024. Shares of Tesla will update monthly deliveries of electric vehicles in China. Apple's earnings and Viking's IPO are the focus of the week.
Seeking Alpha · 3d ago
Europe Gasoline/Naphtha-Gasoline cracks rise after ARA stocks rise
Northwest European gasoline refining margins decline to $21 a barrel on Friday after large gain in regional stocks. Gasoline stocks held in Amsterdam-Rotterdam-Antwerp hub rose by 7.5% in the week to Thursday. European gasoline exports in April are on track to reach 1.11 million barrels per day.
Reuters · 3d ago
LIVE MARKETS-European oil stocks dip after Exxon Q1 profit miss
European oil stocks dip after Exxon Q1 profit miss STOXX 600 up 0.6% after U.S. Oil major Exxon Mobil reports a 28% year-on-year drop in first quarter profits. European oil and gas stocks have been trading at record highs in recent weeks.
Reuters · 3d ago
TotalEnergies (TTE) Q1 Earnings Beat Estimates, Sales Down Y/Y
NASDAQ · 3d ago
Climate groups picket Swiss National Bank's shareholder meeting over its investments
Climate groups picket Swiss National Bank's shareholder meeting over its investments. Protesters say the bank's investments damage the environment and carry out fracking. The SNB owns stakes in companies including oil majors Chevron and Shell. Switzerland recorded its two hottest years ever in 2022 and 2023.
Reuters · 3d ago
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About SHEL
Shell plc is an energy and petrochemical company. It specializes in exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. Its segments include Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewable and Energy Solutions, and Corporate. The Integrated Gas segment offers liquefied natural gas, conversion of natural gas into gas-to-liquids fuels and other products. The Upstream segment includes exploration and extraction of crude oil, natural gas and natural gas liquids. The Marketing segment includes mobility, lubricants, and sectors and decarbonization businesses. The Chemicals and Products segment includes chemicals manufacturing plants with their marketing network, and refineries which turn crude oil and other feedstocks into a range of oil products. The Renewables and Energy Solutions segment offers power activities, comprising electricity generation, marketing and trading of power and pipeline gas.