Shell boss wades into Scottish independence debate

Shell’s chief executive believes Scotland should remain part of the UK for economic stability. Ben van Beurden’s remarks follow those rival oil company BP’s concerns over Scottish independence. Speaking in London on Wednesday at Shell’s annual reception, he said the UK offered “continuity and stability”. Mr van Beurden first stated the UK should stay “at the […]

New Shell boss says performance must “sharpen”

Shell’s new boss had tough talk for his firm’s performance today as it published its latest financial results – showing it made billions less at the end of 2013 than the year before. Chief Executive Ben van Beurden had already warned earlier this month profits might not match up to expectations. He said: “Our ambitious […]

Shell sells Australian LNG stakes for $1.1bn

Oil giant Shell is selling its interests in a Liquefied Natural Gas (LNG) project in Australia for $1.14 billion (£694m). It has agreed to sell an 8% stake in the Wheatstone-Iago joint venture along with its 6.4% interest in the Wheatstone LNG project to the Kuwait Foreign Petroleum Exploration Company (KUFPEC). Ben van Beurden, Chief […]

Shell issues profits warning

Anglo-Dutch oil giant Shell today issued a warning that its profits for the last three months of 2013 are as high as hoped. Two weeks ahead of its official results announcement, the firm said the money it made at the end of 2013 is expected to be $2.9 billion (£1.8bn), “significantly lower than recent levels […]