Shell PLC
Activist investor Elliott takes short position in Shell after building a stake in rival BP
A Shell gas station on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program. The move, which was first reported by British newspaper The Times on Thursday, comes shortly after […]
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European markets open higher amid tariff uncertainty; Shell up 2% as it plans to bolster shareholder returns
European markets opened higher on Tuesday as uncertainty remained over the scope and breadth of U.S. President Donald Trump’s trade tariffs. The pan-European Stoxx 600 index opened 0.3% higher, while London’s FTSE 100 was up around 0.33%, and France’s CAC 40 was 0.5% higher. Earnings come from Kingfisher and Smiths Group. On the data front, […]
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Oil major Shell bolsters shareholder distributions, cuts spend
A view shows a board with the logo of Shell at the company’s fuel station in Saint Petersburg, Russia May 6, 2022. Anton Vaganov | Reuters British oil major Shell on Tuesday announced plans to increase shareholder distributions, prioritize share buybacks and reduce capital spending in a bid to “deliver more value with less emissions.” […]
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Trump’s broadside against wind industry puts projects that could power millions of homes at risk
A view of the turbines at Orsted’s offshore wind farm near Nysted, Denmark, September 4, 2023. Tom Little | Reuters President Donald Trump promised to unleash U.S. energy dominance, but his sweeping executive order targeting wind power puts a pipeline of projects at risk that would generate enough electricity for millions of American homes. The […]
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British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022. Matt Cardy | Getty Images News | Getty Images British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled energy company’s strategy. The energy firm posted underlying replacement […]
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Europe stocks open in the green to extend record high; traders digest dovish ECB messaging
French inflation held at 1.8% in January French inflation came in at 1.8% in January on a preliminary basis, steady on the previous month, statistics agency Insee reported Friday. Economists polled by Reuters expected a reading of 1.9%. The figure is adjusted for comparison with other euro zone countries. National German inflation figures are due […]
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European markets head for higher open anticipating ECB rate cut; Shell and Deutsche Bank earnings on deck
European markets were set to open higher Thursday as investors await key earnings, economic data and the European Central Bank’s latest monetary policy decision. The U.K.’s FTSE 100 index is expected to open 2 points lower at 8,555, Germany’s DAX up 24 points at 21,649, France’s CAC up 25 points at 7,892 and Italy’s FTSE MIB […]
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Europe stocks higher; tech makes cautious rebound after global rout fueled by China AI concerns
French consumer confidence recovers in January French consumer confidence rose by 3 points month-on-month to 92 in January, its highest level since February 2022, according to the national statistics bureau. The monthly consumer confidence survey signaled strengthening household confidence in the French economy, but the numbers are still below the long-term average of 100 points. […]
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European markets set to start the new trading week on a somber note
European markets are expected to start the new trading week in negative territory on Monday, with investors in the region gearing up for a busy period of earnings and the European Central Bank’s latest interest rate decision. The U.K.’s FTSE 100 index is expected to open 7 points lower at 8,488, Germany’s DAX down 68 […]
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Venture Global closes below IPO price in disappointing debut despite Trump’s support of LNG industry
Natural gas exporter Venture Global shares fell 4% in its first day of trading, as the company looked to test investor appetite for energy stocks amid the Trump administration efforts to implement a sweeping agenda aimed at boosting oil and gas production. “The Trump administration has made very clear they support growing LNG exports,” Venture […]
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