European gas shortages likely to last several winters, says Shell chief
Warning raises prospect of continued rationing, as Total boss says Europe has to plan for future without Russian supplies
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Warning raises prospect of continued rationing, as Total boss says Europe has to plan for future without Russian supplies
Royal Dutch Shell CEO, Ben van Beurden, warned reporters at a Monday press conference that Europe could face several winters of gas shortages.
European oil major Shell Plc cautioned that Europe may have to brace for a string of winters with exorbitant power bills and electricity rationing as Russia squeezes gas supplies.
The Shell dividend is still nearly 50% below 2019 levels. Will the oil giant use record profits to rebuild its payout?
BP, Centrica and Shell have announced more record profits and share buy-backs as energy bills become unaffordable.