Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market. The company also markets and trades natural gas, liquefied natural gas (LNG), crude oil, electricity, carbon-emission rights; and markets and sells LNG as a fuel for heavy-duty vehicles and marine vessels. In addition, it trades in and refines crude oil and other feed stocks, such ase low-carbon fuels, lubricants, bitumen, sulphur, gasoline, diesel, heating oil, aviation fuel, and marine fuel; produces and sells petrochemicals for industrial use; and manages oil sands activities. Further, the company produces base chemicals comprising ethylene, propylene, and aromatics, as well as intermediate chemicals, such as styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide, and ethylene glycol. Additionally, it generates electricity through wind and solar resources; produces and sells hydrogen; and provides electric vehicle charging services, as well as electricity storage. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1907 and is headquartered in London, the United Kingdom.
IPO Year: 2022
Exchange: NYSE
Website: https://www.shell.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 12/13/2023 | Outperform → Neutral | Exane BNP Paribas | |
| 6/22/2023 | Underweight → Equal-Weight | Morgan Stanley | |
| 2/27/2023 | $74.00 → $85.00 | Neutral → Buy | Goldman |
| 1/12/2023 | Outperform → Peer Perform | Wolfe Research | |
| 11/7/2022 | $79.00 → $76.00 | Buy → Neutral | Goldman |
| 3/11/2022 | $63.00 → $68.00 | Overweight | Wells Fargo |
| 2/4/2022 | $66.00 | Buy | B of A Securities |
| 2/4/2022 | Buy | BofA Securities |
Transaction in Own Shares 20 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 20 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paidLowest price paid Volume weighted average price paid per shareVenueCurrency20/11/20241,135,000 £25.7500£25.4800£25.6041LSEGBP20/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP20/11/2024- £0.0000£0.0000£0.0000BATS (BXE)GBP20/11/2024774,000 €31.2350€30.9600€31.0937XAMSEUR20/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR20/11/2024- €0.0000€0.0000€0.0000TQEXEUR These share p
Transaction in Own Shares 19 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 19 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paidLowest price paid Volume weighted average price paid per shareVenueCurrency19/11/20241,350,000 £26.0200£25.6650£25.7868LSEGBP19/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP19/11/2024- £0.0000£0.0000£0.0000BATS (BXE)GBP19/11/2024800,000 €31.4850€31.0050€31.1738XAMSEUR19/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR19/11/2024- €0.0000€0.0000€0.0000TQEXEUR These share p
Transaction in Own Shares 18 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 18 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paidLowest price paid Volume weighted average price paid per shareVenueCurrency18/11/20241,150,000 £25.9900£25.5200£25.7597LSEGBP18/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP18/11/2024- £0.0000£0.0000£0.0000BATS (BXE)GBP18/11/2024850,000 €31.4050€30.9250€31.1502XAMSEUR18/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR18/11/2024- €0.0000€0.0000€0.0000TQEXEUR These share p
Transaction in Own Shares 15 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 15 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paidLowest price paid Volume weighted average price paid per shareVenueCurrency15/11/20241,647,100 £25.7400£25.2500£25.5991LSEGBP15/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP15/11/2024100,000 £25.7400£25.2800£25.5960BATS (BXE)GBP15/11/20241,130,000 €31.2300€30.6700€31.0514XAMSEUR15/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR15/11/2024- €0.0000€0.0000€0.0000TQEXEUR Th
Transaction in Own Shares 14 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 14 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency14/11/20241,637,700 £25.4500£25.1300£25.3326LSEGBP14/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP14/11/2024500,000 £25.4500£25.1300£25.3327BATS (BXE)GBP14/11/20241,416,900 €30.9750€30.6100€30.8284XAMSEUR14/11/202410,544 €30.7150€30.6150€30.6667CBOE DXEEUR14/11/2024- €0.0000€0.0000€0.0000
Transaction in Own Shares 13 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 13 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency13/11/202475,000 £25.3450£25.0400£25.1787LSEGBP13/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP13/11/2024- £0.0000£0.0000£0.0000BATS (BXE)GBP13/11/202448,000 €30.8250€30.4150€30.6077XAMSEUR13/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR13/11/2024- €0.0000€0.0000€0.0000TQEXEUR These share pur
Transaction in Own Shares 12 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 12 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency12/11/2024572,000 £25.6000£25.1300£25.3235LSEGBP12/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP12/11/2024- £0.0000£0.0000£0.0000BATS (BXE)GBP12/11/2024375,000 €31.2350€30.5650€30.8892XAMSEUR12/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR12/11/2024- €0.0000€0.0000€0.0000TQEXEUR These share p
Shell plc Shell welcomes Dutch Court of Appeal ruling November 12, 2024 Today, the Court of Appeal of The Hague overturned the District Court of The Hague's 2021 ruling in the case brought against Shell plc by Milieudefensie, other NGOs and a group of private individuals. "We are pleased with the court's decision, which we believe is the right one for the global energy transition, the Netherlands and our company," said Shell plc Chief Executive Officer Wael Sawan. "Our target to become a net-zero emissions energy business by 2050 remains at the heart of Shell's strategy and is transforming our business. This includes continuing our work to halve emissions from our operations by 20301.
Transaction in Own Shares 11 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 11 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency11/11/2024851,000 £25.7900£25.4500£25.6149LSEGBP11/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP11/11/2024- £0.0000£0.0000£0.0000BATS (BXE)GBP11/11/2024512,000 €31.4650€31.1350€31.3083XAMSEUR11/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR11/11/2024- €0.0000€0.0000€0.0000TQEXEUR These share p
Transaction in Own Shares 08 November, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 08 November 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency08/11/20241,100,000 £26.0200£25.5850£25.7808LSEGBP08/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP08/11/2024- £0.0000£0.0000£0.0000BATS (BXE)GBP08/11/2024715,000 €31.6250€31.1450€31.3496XAMSEUR08/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR08/11/2024- €0.0000€0.0000€0.0000TQEXEUR These share
6-K - Shell plc (0001306965) (Filer)
25-NSE - Shell plc (0001306965) (Subject)
6-K - Shell plc (0001306965) (Filer)
6-K - Shell plc (0001306965) (Filer)
6-K - Shell plc (0001306965) (Filer)
6-K - Shell plc (0001306965) (Filer)
CERT - Shell plc (0001306965) (Filer)
6-K - Shell plc (0001306965) (Filer)
6-K - Shell plc (0001306965) (Filer)
6-K - Shell plc (0001306965) (Filer)
NOTICE OF 2024 ANNUAL GENERAL MEETING Shell plc's 2024 Annual General Meeting ("AGM") scheduled to be a hybrid meeting, facilitating both physical and virtual attendance. Board requests shareholder support for Company's energy transition update, as disclosed in Shell plc's Annual Report and the Energy Transition Strategy 2024. Shareholders encouraged to vote in advance of the AGM, but voting enabled during the meeting for those formally in attendance. Today, Shell plc (the "Company") posted its Notice of 2024 Annual General Meeting (the "Notice"), which can be viewed and downloaded from shell.com/agm. The AGM is scheduled to be held at the InterContinental London – The O2, 1 Waterview Dri
SHELL PLC DIRECTOR DECLARATION Pursuant to Listing Rule 9.6.14R(2), Shell plc (the "Company") confirms that Mr Cyrus Taraporevala, who joins the Shell Board on March 2, 2023, as a Non-executive Director of the Company*, has been appointed as Non-executive Director of Bridgepoint Group plc, effective January 1, 2023. November 23, 2022Anthony ClarkeDeputy Company Secretary *On October 26, 2022, the Company announced the appointment of Mr Cyrus Taraporevala as a Non-executive Director of the company, effective March 2, 2023. He will become a member of the Company's Audit Committee on the same date. ENQUIRIESInternational, UK, European Press: +44 20 7934 5550 LEI number of Shell plc: 2138
SHELL PLCDIRECTORATE CHANGE LONDON, October 26, 2022 -- Shell plc (the "company") announces the appointment of Mr Cyrus Taraporevala as a Non-executive Director of the company, effective March 2, 2023. He will become a member of the company's Audit Committee on the same date. Sir Andrew Mackenzie, Chair of Shell plc, said: "Shell's Nomination and Succession Committee recommended Cyrus's appointment to the Board following a thorough search process and review of his extensive, relevant experience and skills. Cyrus will bring a deep understanding of global financial markets and sharp insights into the needs of shareholders, thanks to a highly successful international career in asset managemen
HIGHLIGHTS Three new US based directors appointed to the BoardMs Patricia Mishic O'Brien, Mr H. Keith Jennings, and Mr Graham van't Hoff appointed Non-Executive DirectorsKey appointments to help steward the Company to its aspiration of becoming a globally significant US based producer of boron and lithium advanced materialsMs Mishic O'Brien brings over 25 years' experience in Chief Commercial Officer and Chief Marketing Officer roles in global specialties and advanced materials businessesMr H. Keith Jennings brings over 30 years of global finance experience across pharmaceuticals, genomics, chemicals, fuels and energy industriesMr van't Hoff had a 35 year career with Royal Dutch Shell PLC f
Shell Chief Executive Officer Ben van Beurden to step down, Wael Sawan appointed as his successor LONDON, September 15, 2022 -- Shell plc ("Shell") today announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan. Wael's appointment is effective January 1, 2023*, when he will also join Shell's Board of Directors. Ben van Beurden will continue working as adviser to the Board until June 30, 2023, after which he will leave the group. Shell's Chair, Sir Andrew Mackenzie said: "Wael Sawan is an exceptional leader, with all the qualities needed to drive Shell safely and profitably through its next phase
SHELL PLC COMPANY SECRETARY CHANGE Shell plc announces the appointment of Caroline Omloo as Company Secretary with effect from August 1, 2022. Ms Omloo succeeds Linda Coulter who stands down from her role at the end of July 2022 and retires from Shell in February 2023 after 28 years of service with the Shell Group. NOTE Caroline Omloo is a Dutch national. Before joining Shell in 1999, she worked in private practice with law firm Nauta Dutilh. She has held various positions in Shell, including Secretary to the Audit Committee, Associate General Counsel Corporate Finance NL, Chief Privacy Officer and Head of Legal and management team member of the Downstream Operating Company in the
SHELL PLC RESULT OF ANNUAL GENERAL MEETING Shell plc announces the poll results on the resolutions at its Annual General Meeting held on Tuesday May 24, 2022 at Central Hall Westminster, Storey's Gate, Westminster, London, SW1H 9NH. Resolutions 1-20 were carried and resolution 21 (Shareholder resolution) was not carried. In accordance with the Listing Rules, a copy of all resolutions other than resolutions concerning ordinary business at the Annual General Meeting, will be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism RESOLUTION VOTES FOR % VOTES AGAINST
Shell announces Executive Committee and Board change LONDON, March 01, 2022 -- Shell plc ("Shell") today announced the appointment of Sinead Gorman as chief financial officer (CFO), effective April 1, 2022. She will become a member of both Shell's Executive Committee and Board of Directors. After a distinguished career of 17 years with Shell, the last five years as CFO, Jessica Uhl will step down from her role on March 31, 2022. Jessica will be available to assist Sinead and the Board with transition until June 30, 2022, after which she will leave the group. Shell's Chair, Sir Andrew Mackenzie said: "I am delighted to welcome Sinead to the leadership of our company She combines bro
Wolfe Research resumed coverage of Shell plc with a rating of Peer Perform
Exane BNP Paribas downgraded Shell plc from Outperform to Neutral
Morgan Stanley upgraded Shell plc from Underweight to Equal-Weight
Goldman upgraded Shell plc from Neutral to Buy and set a new price target of $85.00 from $74.00 previously
Wolfe Research downgraded Shell plc from Outperform to Peer Perform
Goldman downgraded Shell plc from Buy to Neutral and set a new price target of $76.00 from $79.00 previously
Wells Fargo reiterated coverage of Shell with a rating of Overweight and set a new price target of $68.00 from $63.00 previously
B of A Securities initiated coverage of Shell with a rating of Buy and set a new price target of $66.00
BofA Securities initiated coverage of Sheldahl with a rating of Buy
Shell plc Shell welcomes Dutch Court of Appeal ruling November 12, 2024 Today, the Court of Appeal of The Hague overturned the District Court of The Hague's 2021 ruling in the case brought against Shell plc by Milieudefensie, other NGOs and a group of private individuals. "We are pleased with the court's decision, which we believe is the right one for the global energy transition, the Netherlands and our company," said Shell plc Chief Executive Officer Wael Sawan. "Our target to become a net-zero emissions energy business by 2050 remains at the heart of Shell's strategy and is transforming our business. This includes continuing our work to halve emissions from our operations by 20301.
SHELL PLC 2025 INTERIM DIVIDEND TIMETABLE London, October 31, 2024 The Board of Shell plc today announced the intended timetable for the 2025 quarterly interim dividends. 2025 Interim Dividend Timetable Event 4th Quarter 2024 1st Quarter 2025 2nd Quarter 2025 3rd Quarter 2025 Announcement date January 30, 2025 May 2, 2025 July 31, 2025 October 30, 2025 Ex- Dividend Date for ADSs February 14, 2025 May 16, 2025 August 15, 2025 November 14, 2025 Ex- Dividend Date for ordinary shares February 13, 2025 May 15, 2025 August 14, 2025 November 13, 2025 Record date February 14, 2025 May 16, 2025 August
Shell plc Shell announces commencement of a share buyback programme October 31, 2024 Shell plc (the ‘Company') today announces the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately three months (the ‘programme'). The purpose of the programme is to reduce the issued share capital of the Company. All shares repurchased as part of the programme will be cancelled. It is intended that, subject to market conditions, the programme will be completed prior to the Company's Q4 2024 results announcement, scheduled for January 30, 2025. The Company has entered into an arrangement with a single broker consisting of two irrevocable, non-discret
London, October 31, 2024 "Shell delivered another set of strong results. We continue to deliver more value with less emissions, whilst enhancing the resilience of our balance sheet. Today, we announce another $3.5 billion buyback programme for the next three months, making this the 12th consecutive quarter in which we have announced $3 billion or more in buybacks." Shell plc Chief Executive Officer, Wael Sawan STRONG RESULTS, CONSISTENT DISTRIBUTIONS Q3 2024 Adjusted Earnings1 of $6.0 billion, despite the lower crude prices and weaker refining margins, reflect strong operational performance in Integrated Gas, Upstream and Marketing.CFFO of $14.7 billion for th
SHELL PLC3rd QUARTER 2024 UNAUDITED RESULTS SUMMARY OF UNAUDITED RESULTSQuarters$ million Nine monthsQ3 2024Q2 2024Q3 2023%¹ Reference20242023%4,291 3,517 7,044 +22Income/(loss) attributable to Shell plc shareholders 15,166 18,887 -206,028 6,293 6,224 -4Adjusted EarningsA20,055 20,944 -416,005 16,806 16,336 -5Adjusted EBITDAA51,523 52,204 -114,684 13,508 12,332 +9Cash flow from operating activities 41,522 41,622 —(3,857) (3,338) (4,827) Cash flow from investing activities (10,723) (12,080) 10,827 10,170 7,505 Free cash flowG30,799 29,542 4,950 4,719 5,649 Cash capital expenditureC14,161 17,280 9,570 8,
The following is an update to the third quarter 2024 outlook and gives an overview of our current expectations for the third quarter. Outlooks presented may vary from the actual third quarter 2024 results and are subject to finalisation of those results, which are scheduled to be published on October 31, 2024. Unless otherwise indicated, all outlook statements exclude identified items. See appendix for previous quarter historical data. Integrated Gas $ billionsQ3'24 OutlookCommentAdjusted EBITDA:Production (kboe/d)920 - 960 LNG liquefaction volumes (MT)7.3 - 7.7 Underlying opex1.1 - 1.3 Adjusted Earnings: Pre-tax depreciation1.2 - 1.6 Taxation charge0.8 - 1.1 Other Considerations:Trading
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES September 30, 2024 Shell plc (the "Company") has been notified that following the payment of the interim dividend on September 23, 2024 in respect of the second quarter of 2024, the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. Further information can be found in the Shell plc Annual Report and For
Shell International Finance B.V. and Shell plc 20 September 2024 Publication of Prospectus Supplement The following documents (the "Documents") are available for viewing: Prospectus Supplement dated 20 September 2024 Shell plc unaudited condensed consolidated interim financial report as at and for the six month period ended 30 June 2024 Shell plc's Annual Report for the year ended 31 December 2023 Shell plc's Form 20-F for the year ended 31 December 2023 Shell International Finance B.V.'s unaudited condensed non-consolidated interim financial report as at and for the six month period ended 30 June 2024 Shell International Finance B.V.'s Annual Report for the year e
SHELL PLC SECOND QUARTER 2024 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS September 9, 2024 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2024 interim dividend, which was announced on August 1, 2024 at US$0.344 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by September 2, 2024 will be entitled to a dividend of US$0.344, €0.3102 or 26.15p per ordinary share, respectively. Absent any valid election to the contrary, persons
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES August 2, 2024 Shell plc (the "Company") announces that on August 2, 2024, Wael Sawan, a Person Discharging Managerial Responsibilities ("PDMR") has varied his participation in a Dividend Reinvestment Plan ("DRIP") to receive a cash dividend on future dividend payments on his shareholdings in a Computershare Share Plan Account. As at August 2, 2024, Wael Sawan held 266,533.09 ordinary shares of €0.07 each in the Company in his Computershare Share Plan Account. 1. Details of the person discharging managerial responsi
SC 13G/A - Shell plc (0001306965) (Subject)
Wolfe Research analyst Doug Leggate reinstates Shell (NYSE:SHEL) with a Peer Perform.
Scotiabank analyst Paul Cheng maintains Shell (NYSE:SHEL) with a Sector Outperform and lowers the price target from $95 to $90.
Shell plc (NYSE:SHEL) shares are trading higher today. The company stated that SapuraOMV Upstream Sdn Bhd, the operator of the Jerun field in Malaysia, disclosed the achievement of the first gas. Shell holds a 30% equity stake in the field via its Malaysian subsidiary, Sarawak Shell Berhad, having made the final investment decision for the development in 2021. The Jerun field in Sarawak, Malaysia, features a central processing platform and an 80-km pipeline to the E11RB production hub, supplying gas to customers in Bintulu, including Malaysia LNG. At peak operation, the field can produce up to 550 million cubic feet of gas per day and 15,000 barrels of condensate daily. Zoë Yujno
The lawsuit filed by Baltimore, Maryland, against energy giants like Exxon Mobil Corp (NYSE:XOM), BP p.l.c. (NYSE:BP), and Chevron Corp (NYSE:CVX) was reportedly dismissed by a Maryland judge, Videtta Brown, on Thursday. The judge ruled the case exceeded state law limits by attempting to address the global effects of gas emissions, reported Reuters. As per the report, the lawsuit alleged a deceptive campaign by the companies regarding the risks of their fossil fuel products, which contribute to greenhouse gas emissions and climate change. Judge Brown’s decision in Baltimore marks the first dismissal by a state court of lawsuits accusing energy companies of concealing fossil fuel ris
Honeywell International Inc (NASDAQ:HON) has agreed to acquire Air Products And Chemicals, Inc.’s (NYSE:APD) liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This acquisition, which is approximately 13 times the estimated 2024 EBITDA, will significantly enhance Honeywell’s energy transformation offerings. The acquisition will enable Honeywell to offer a comprehensive solution for managing energy transformation, including natural gas pre-treatment and advanced liquefaction technologies. These services will be integrated under the Honeywell Forge and Experion platforms, providing efficient and reliable management of na
Shell plc (NYSE:SHEL) is reportedly requesting government authorization to drill up to five offshore wells along South Africa’s west coast. The oil major plans to drill exploration and appraisal wells in the area, shifting focus south of Namibia where recent discoveries in the prolific Orange Basin suggest further potential, reported Reuters. Notably, Shell Offshore Upstream South Africa B.V. and its joint venture partners require government environmental authorization to operate in the Northern Cape Ultra Deep Block (NCUD) within the Orange Basin. As per the draft scoping report, water depths are anticipated to be between 2,500 meters and 3,200 meters in the region. The report c
Hurricane Beryl is forecast to weaken into a tropical storm after making landfall early Monday near Matagorda, Texas, a coastal town about 55 miles southwest of the oil and gas hub of Houston. The storm led to the closure of oil ports, hundreds of flight cancellations and thousands of homes in the state without power. But it’s expected to weaken further into a tropical depression on Tuesday as it moves inland, the U.S. National Hurricane Center (NHC) said. The hurricane pummeled Jamaica, Grenada and St. Vincent and the Grenadines last week, causing at least 11 deaths and destroying buildings and power lines, Reuters reported. Also Read: What’s Going On With Cruise Stocks As Category