Shell is set to scrap a target to cut oil output when it updates investors on its strategy later this week, it was reported. Wael Sawan, who took over as chief executive of the oil and gas supermajor ...

Shell and TotalEnergies have reported a steep drop in second-quarter profits, as oil and gas prices fell from record highs reached following Russia’s full-scale invasion of Ukraine 17 months ago. The ...

Phil Watts, new head honcho at Shell, has got off to a slightly shaky start. Last week he faced stormy meetings with analysts after the company warned it might fail to make its production targets.

March 13 (Reuters) - Oil major Shell (SHEL.L), opens new tab is planning to cut at least 20% of jobs in its deals team, in an effort to reduce costs, Bloomberg News reported on Wednesday, citing ...