Shell

Oil companies are expected to reap a windfall from the Iran war as higher energy prices boost revenues

The event will gather leaders across government, technology, mobility and energy to explore solutions for the transition towards a lower-carbon future

This comes as the British energy major seeks to divest underperforming chemical plants

The deal includes about 500 megawatts of operating or under-construction solar and wind assets

This is the firm’s highest quarterly profit and its highest operating cash flow since 2022

The company cuts the pace of its quarterly share buyback programme to US$3 billion from US$3.5 billion

It would boost its output by 370,000 barrels of oil equivalent per day

It dips to 880,000 to 920,000 barrels of oil equivalent per day (boed), from 920,000 to 980,000 boed

It could make a decision on the flagship project by the end of this year