Beurden

Shell CEO Sees Covid-19 as Opportunity for ‘Green Recovery,’ as Net-Zero Emissions Goals Advance

Shell CEO Sees Covid-19 as Opportunity for ‘Green Recovery,’ as Net-Zero Emissions Goals Advance

Royal Dutch Shell plc is not backing off its ambition to become a net-zero emissions energy operator by 2050, and in fact, management expects Covid-19 to accelerate the energy transition. In a recorded video for the global workforce, CEO Ben van Beurden said Tuesday there was an “opportunity of a green recovery” as the world…

June 24, 2020
Shell CEO Says Covid-19 May ‘Capitalize Society’ to Reduce Long-Term Oil, Natural Gas Demand

Shell CEO Says Covid-19 May ‘Capitalize Society’ to Reduce Long-Term Oil, Natural Gas Demand

Royal Dutch Shell plc is buttressing against an uncertain outlook for global oil and natural gas demand this year after profits were decimated in the first quarter by the impact of Covid-19.

April 30, 2020

Shell Investors Push for More Action on Climate Change Targets

Royal Dutch Shell plc shareholders during the annual general meeting on Tuesday handily defeated a resolution calling for tougher operational emissions targets, but CEO Ben van Beurden promised the company would continue to be a leader in combating climate change.

May 22, 2018
Shell Adopts ‘Lower-Forever Mindset’ on Crude Oil Prices

Shell Adopts ‘Lower-Forever Mindset’ on Crude Oil Prices

Royal Dutch Shell plc delivered a solid quarterly performance, returning the upstream to profitability from a year ago, but the oil major has adopted a “lower-forever mindset” regarding oil prices, as peak demand should hit within a decade, CEO Ben van Beurden said Thursday.

July 27, 2017

Shell’s Asset Sales Continuing, with Haynesville Portfolio Possibly Cut

Royal Dutch Shell plc is aiming high but going smaller, with asset sales continuing as it shifts more resources to global natural gas projects and a narrow set of North American unconventional opportunities. Investments also will continue in renewables, regardless of any shift in U.S. policies, the CEO said Thursday.

February 2, 2017

Shell Slashes Upstream Spending, Considers More U.S. Onshore Sales

Royal Dutch Shell plc plans to lay off staff in its U.S. exploration and production (E&P) arm and cut upstream Americas spending by 20% this year to right its capital spending with cash flow.

March 13, 2014

Shell Scuttles Alaska Drilling, Says BC LNG Project a ‘Maybe’

Alaska offshore drilling is off the table and a proposed liquefied natural gas (LNG) export project for British Columbia (BC) is on the line as Royal Dutch Shell plc reconfigures its portfolio, CEO Ben Van Beurden said Thursday.

January 30, 2014