Shell reports drop in profit to $9.45 billion, hikes dividend

Shell reports drop in profit to .45 billion, hikes dividend

Shell to boost dividend by 15% Announces plans to buy further $4 billion in shares Profit hit by weak LNG trading and refining LONDON, Oct 27 (Reuters) – Shell (SHEL.L) on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said … Read more

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

LONDON, Oct 4 (Reuters) – European governments should tax corporates to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell (SHEL.L) Chief Executive Officer Ben van Beurden told an energy conference on Tuesday. Speaking before the Energy Intelligence Forum in London, Van Beurden said that European energy … Read more

U.S. railways to halt grain shipments ahead of potential shutdown -agriculture sources

U.S. railways to halt grain shipments ahead of potential shutdown -agriculture sources

CHICAGO, Sept 13 (Reuters) – Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain cooperatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are shipped to meat and … Read more

Biden touts ‘Cancer Moonshot’ on JFK speech anniversary in Boston

Biden touts ‘Cancer Moonshot’ on JFK speech anniversary in Boston

Register now for FREE unlimited access to Reuters.com Register BOSTON, Sept 12 (Reuters) – President Joe Biden signed orders on Monday to push more government dollars to the U.S. biotechnology industry, as he promoted his initiative to create new treatments and cut the death rate from cancer. Cancer “doesn’t care if you’re Republican or Democrat,” … Read more

Europe’s gas crisis could last several winters, Shell CEO says

Europe’s gas crisis could last several winters, Shell CEO says

STAVANGER, Norway, Aug 29 (Reuters) – Europe could face several winters of gas shortage as a result of the cuts to Russian supplies, Shell Chief Executive Ben van Beurden told a news conference in Norway on Monday. “It may well be that we will have a number of winters where we have to somehow find … Read more

Elon Musk: focused on getting self-driving Teslas in wide release by year-end

Elon Musk: focused on getting self-driving Teslas in wide release by year-end

STAVANGER, Norway, Aug 29 (Reuters) – Tesla (TSLA.O) chief Elon Musk said on Monday he aimed to get the electric auto maker’s self-driving technology ready by year-end and hopes it could be in wide release in the United States and possibly in Europe, depending on regulatory approval. Speaking at an energy conference in Norway, Musk … Read more

Ships get older and slower as emissions rules bite

Ships get older and slower as emissions rules bite

Average age of vessels up more than two years since 2017 New emissions rules may force older ships to go slower One-fifth of ships fitted with energy saving devices New vessels and alternative fuels the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global trade, its pulse is about … Read more

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe

Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe

U.S. President Joe Biden walks across the South Lawn after disembarking from Marine One as he returns from Rehoboth Beach, Delaware, with the first lady at the White House in Washington, U.S., June 5, 2022. REUTERS/Elizabeth Frantz Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 5 (Reuters) – President Joe Biden will … Read more