Yahoo

Shell wins appeal against landmark climate ruling to cut emissions

Add Yahoo as a preferred source to see more of our stories on Google. Green activists called the decision a ‘setback’ for the battle against climate action (Reuters) In the original 2021 ruling, ...
Reuters

Shell to cut asset values by up to $22 billion after coronavirus hit

LONDON (Reuters) - Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices ...
CNBC

Shell to deepen emission cuts following court ruling, CEO says

Shell CEO Ben van Beurden said a landmark Dutch court ruling would accelerate its energy transition strategy. The company was ordered to reduce greenhouse gas emissions by 45% by 2030 from 2019 levels ...
Reuters

Shell to cut jobs and capacity at major Singapore refinery

SINGAPORE, Nov 10 (Reuters) - Royal Dutch Shell (RDSa.L), opens new tab will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce ...
CNN

Shell CEO: We will cut emissions faster but the world needs to use less oil

Shell will cut emissions faster than planned after being ordered to do so by a court in The Hague last month. In a statement on Wednesday, the oil company’s CEO Ben van Beurden said he was determined ...
ABC7 San Francisco

Shell says refinery modernization will cut greenhouse gases

MARTINEZ, Calif. (KGO) -- An East Bay refinery wants to modernize its facility and cut greenhouse gases dramatically in the process -- but is the project all it claims to be? Shell wants to get out ...
CNBC

Shell plans to cut 9,000 jobs in transition plan

Shell, which had 83,000 employees at the end of 2019, said that the reorganization will lead to annual savings of $2 billion to $2.5 billion by 2022. Last month it launched a broad review of its ...
CNN

Shell to cut up to 9,000 jobs in shift to low-carbon energy

Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels. The Anglo-Dutch company said Wednesday that it would cut between 7,000 and 9,000 ...
Forbes

Here’s Why Oil Giant Shell Has Cut Its Dividend For The First Time Since World War II

Oil giant Royal Dutch Shell has slashed its dividend payment to shareholders by 66%—the first time its cut its dividend since 1945—as coronavirus triggered a dramatic plunge in demand for oil and ...
Seeking Alpha

Shell to cut 200 jobs at low-carbon solutions unit, part of company overhaul

Shell (NYSE:SHEL) said Wednesday it plans to cut ~15% of the workforce, or ~200 jobs, at its low-carbon solutions division and scale back its hydrogen business as part of its efforts to simplify the ...
Bloomberg L.P.

Shell to Cut About 20% of Jobs in Deals Team Amid Push for Cost Savings

Shell Plc will eliminate at least 20% of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs, according to people with knowledge of the ...
Forbes

How Investors Should Interpret Shell’s First Dividend Cut In 75 Years

Last week Royal Dutch Shell did something that would have been nearly unthinkable at the beginning of this year. The company cut its dividend for the first time in 75 years. This is remarkable ...