Shell has signed a Sale and Purchase Agreement (SPA) with French energy major TotalEnergies for the sale of its European onshore renewables portfolio. In a statement released on Monday, August 3, the company said the deal represents the latest step in its strategy to streamline its power business and reallocate capital toward its core strengths …
Shell’s fourth-quarter net profit fell by 11% to $3.3 billion, missing analyst expectations of $3.5 billion, the lowest since early 2021, as weaker oil prices weighed on earnings. Losses in its chemicals and products unit were larger than expected, while integrated gas and marketing profits also lagged forecasts. Despite the shortfall, the company maintained its …
