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TOP NEWS: Shell boosts shareholder returns as earnings gusher in 2021 | Financial News

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

LONDON BRIEFING: Lloyds Banking to Embark on wealth management drive Thu, 29th Jul 2021 08:23 (Alliance News) - Lloyds Bankings on Thursday followed peer Barclays in announcing a big improvement to second-quarter results, while also restoring its payout and announcing an acquisition to accelerate its push into wealth management. Lloyds said it swung to a GBP3.91 billion pretax profit in the first half of 2021, from a GBP602 million loss a year earlier. The lender's net income rose 2.0% to GBP7.56 billion from GBP7.41 billion. Net interest margin was 2.5%, which it guided for the rest of 2021 ...

By Jaime Llinares Taboada Royal Dutch Shell PLC shareholders on Tuesday backed the company's energy transition strategy at the annual general meeting. An advisory vote on Shell's energy transition strategy received 88.74% of support at the meeting, the Anglo-Dutch energy major said. Meanwhile, a shareholder proposal urging Shell to set and publish targets consistent with the goals of the Paris Climate Agreement, and to report on the strategy, policies and progress made at least on an annual basis, was rejected with only 30.47% of votes in favour. The company had said this resolutio...

3 Min Read LONDON (Reuters) -Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades. Slideshow ( 2 images ) The disclosure is a rare admission by a major oil and gas company that some of its reserves may be worthless in a world shifting to renewable energy from fossil fuels in an effort to stem global warming. The Anglo-Dutch company said in a document to investors summarising its climate strategy that around 75% of its proved oil ...