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Shell Oil

Shell Oil

Shell may have to sell North Sea assets after tax raid

ROYAL Dutch Shell warned yesterday that it may have to sell some assets in the North Sea and reduce investment in the region because of the Chancellor's tax raid and higher industry decommissioning costs in the Budget.

Gulf disaster to overshadow BP profit results

OIL majors Shell and BP will announce similar first-quarter profit figures this week, but the shadow of the Deepwater Horizon disaster means they will be regarded very differently by investors.

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Shell plans to invest $100bn in new projects

OIL major Royal Dutch Shell yesterday announced plans to invest $100 billion (£62.4bn) in new projects as it seeks to boost production to meet soaring demand from emerging markets.

Shell accused over gas terminal blast

Oil giant Shell has been accused of breaching environmental and health and safety legislation after an explosion and fire at a gas terminal in 2008.

Martin Flanagan: Big Oil may have been hit by BP debacle but Shell is on winners' podium

STRICKEN oil giant BP still has its own public relations and balance sheet challenges to address following the Gulf of Mexico disaster, but the rest of "Big Oil" has shown it is profit-gushing business as usual in an era of higher oil and gas prices and rosier refining margins.

Shell pays out £1.6bn divi as profits soar on oil price rise

RISING oil and gas prices and higher margins saw global oil giants - including Shell - yesterday reveal bumper profits for the third quarter of the year.

Shell's profit surge adds to the pressure on troubled BP

SHELL pumped up the pressure on BP yesterday with a near-doubling of headline profits as the oil giant also unveiled plans to echo its beleaguered rival by boosting asset sales in an "uncertain" environment.

Shell paying £3.22bn for East Resources

SHELL is paying £3.22 billion to buy US explorer East Resources to give it more exposure to promising shale gas reserves in North America.

Shell investors reject tar sands resolution

INVESTORS in oil major Shell have rejected a resolution seeking to challenge the company's multi-billion investments in Canadian oil sands projects.

City explores oil giant Royal Dutch Shell's prospects

ATTEMPTS by Royal Dutch Shell to address its production difficulties will be in the spotlight this week, alongside updates from retailers Debenhams and French Connection.

Shell's top executives hit by pay freeze

ROYAL Dutch Shell is freezing salaries for its top executives in the wake of last year's shareholder protests at its pay plans.

1,000 Shell workers to go after huge profits fall

ROYAL Dutch Shell, Europe's largest oil company, said it would lay off another 1,000 staff this year after revealing profits at the end of 2009 fell by three quarters.

Oil rivals BP and Shell will show disparity in profits due to varying strategies

OIL giants BP and Shell will unveil contrasting fourth-quarter profit performances this week, with BP's more advanced efficiency programme and greater exposure to the oil price helping it to steal a march on its rival.

Shell Oil unveils 73% profit slump and 5,000 jobs to go

SHELL was cast into the shadow of arch-rival BP yesterday as the oil major unveiled a 73 per cent slump in profits, and announced it was axing 5,000 jobs worldwide this year.

Price fall threatens oil giants' dividends

BRITAIN'S largest oil companies will come under pressure over their dividend payments this week when they reveal a major fall in profits.

Shell pays out £9.6m in Saro-Wiwa death case but denies culpability

OIL giant Shell has agreed to a £9.6 million settlement to end a lawsuit alleging it was complicit in the execution of the Nigerian activist Ken Saro-Wiwa.

Jobs on the line as Shell shake-up set to affect 24,000 workers

OIL major Royal Dutch Shell yesterday confirmed a sweeping restructuring and boardroom overhaul in a move affecting about 24,000 staff.

Angry investors to question Shell over payout plans

THE FTSE's two-month climb came to an end as a warning from the Bank of England that Britain would experience a "slow and protracted" recovery quashed investor enthusiasm.

Shell to pump up output – but limits view to 4 years

ROYAL Dutch Shell revealed yesterday that it would boost production by 2 to 3 per cent annually over the next four years – ahead of major rival BP's stated target of 1 to 2 per cent.

Shell 'will maintain spending' despite profit plunge in Q4

ROYAL Dutch Shell is to maintain its massive capital spending in 2009, as the oil giant yesterday also reassured its investors that it would not be at the expense of future dividends.

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