Shell's focus on fossil fuels has profits climbing
The oil and gas giant's profits reached US$14 billion, angering climate advocates as the corporation continues to grow its fossil fuel business while pulling back on low-carbon alternatives.
Wael Sawan
Shell earned $5 billion in second quarter and that's a drop
Shell reported on Thursday that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged.
In the words of Shell's CEO. It would be 'irresponsible' to cut oil production now
The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at a time when the world economy is still dependent on fossil fuels.
Shell rakes in record profits as war drives up energy costs
Global energy giant Shell said on Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.
Shell CEO to resign as oil giant shifts away from fossil fuels
Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge, the energy giant said on Thursday, September 15, 2022, a change that comes as oil and natural gas companies are under pressure to shift away from fossil fuels even as they see soaring profits from energy price s driven up by Russia's war in Ukraine.