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The Latest Breaking News from Shell

Morning Brief: Top Stories Dominating Financial Media on Thursday, April 7

Reuters Here’s Why HP Shares Are Trading Higher Premarket

Benzinga

Shell Forecasts Russia-Related Impairment Charges Of $4B-$5B In Q1 FY22

Shell Plc (NYSE: SHEL) will write down up to $5 billion follow

Benzinga

Shell says Russia exit has already cost $5 billion

Shell says its decision to pull out of Russia in response to the country’s invasion of Ukraine has already cost the international energy giant as much as $5 billion

The Independent UK

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Shell says exit from Russia could cost it $5 billion

Writedowns, credit losses and “onerous contracts” will cost the company between $4 billion and $5 billion

Evening Standard

Shell confirms up to 5 billion dollar hit from quitting Russia

The oil giant said last month it would offload its businesses in Russia following the country’s invasion of Ukraine.

The Independent UK

Energy and inflation worries mount; US jobless claims lowest since 1968 – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Boris Johnson energy strategy review could have big impact on Scotland

The long-awaited energy strategy from the UK Government could be good news for oil, gas and renewable sectors in Scotland.

Daily Record

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Lawmakers question oil executives on price gouging, but seem cool to price controls

WASHINGTON — As consumers fume over skyrocketing prices for gasoline and other commodities, congressional Democrats on Wednesday called executives from big oil companies on the carpet to explain why they appear to be making unseemly fat profits in the face of an international crisis.

Los Angeles Times

Executives due at gas price hearing gave $1 million to parties, candidates

One CEO called to testify about high gas prices at a hearing Wednesday gave $469,000 since 1993, public records show.

Roll Call

Juries keep letting Extinction Rebellion off the hook — here’s why

In April 2021, I was one of six Extinction Rebellion protesters acquitted of criminal damage to Shell’s London HQ. Two years earlier, we poured fake oil onto the steps and walls of the oil major’s building in Waterloo, broke windows and painted messages that said: “Shell Knew”, “Shell Lies” and…

Evening Standard

London electric car owners face 33% hike in the cost of charging as Ubitricity puts up prices

The price rise represents a £4.32 increase for a full charge of a Tesla model 3.

Evening Standard

How loyalty cards can help drive down fuel costs when you fill up your car

You can save at the pump at Sainsbury's, Tesco and other forecourts if you have the right card in your wallet

Chronicle Live

The cheapest places to buy petrol and diesel in Bristol right now

Fuel prices appear to be largely unchanged this week

Bristol Post

Shell Energy customers who couldn't upload meter readings before price cap rise given urgent advice by firm

With Shell Energy's site and app both overloaded and customers unable to give their usage before yesterday's #MeterReadingDay deadline, the firm has given advice on what to do - but you have to act fast.

Manchester Evening News

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Evening Standard

Shell finance boss Jessica Uhl departs with £1 million payday

Renumeration bonanza at odds with drivers facing record petrol prices at pumps

Edinburgh Live

Shell and Octopus Energy issue urgent advice to anyone who could not submit meter readings

Hundreds of people were stopped from submitting their meter readings yesterday as everyone was urged to log in their energy usage ahead of the new price cap that comes into force today.

Leeds Live

'Meter Reading Day' mayhem as Shell Energy, British Gas, EDF and Scottish Power websites crash

Customers have been desperately trying to submit their meter readings ahead of the price hike on April 1

Wales Online

How the fuel duty cut has actually affected petrol prices in Wales one week on

There have been a number of drops in price, though some petrol stations have still seen a rise

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Chronicle Live

Shell energy, British Gas, EDF and Scottish Power under fire as customers unable to submit meter readings

People have been urged to take meter readings today ahead of tomorrow's expected huge hike in prices

The Guardian - AU

Coal seam gas company Arrow Energy fined $1m for breaching Queensland’s land access rules

Investigation began after discovery of ‘deviated’ wells drilled from neighbouring properties

Insider UK

Shell confirms licence extended for controversial Cambo oil field

Matheson confirmed its energy strategy and just transition plans would be launched in August this year after its initial planned Spring release

Chronicle Live

Shell, British Gas and Eon customers reveal concerning impact of energy price rise

Families tell of their plans to keep bills as low as possible as households get ready for the squeeze on April 1

Daily Record

Controversial Cambo oil field granted license extension despite environmental fears

The UK and Scottish Governments are divided on the potential development of the massive Cambo oil field near Shetland.

InsideEVs

Shell Enters Into Strategic EV Charging Cooperation With BYD

Shell and BYD announced a strategic cooperation agreement related to plug-in electric vehicles in China and Europe.

Evening Standard

UK extends licence for controversial Cambo oil field amid fears over energy supply

Environmental groups have protested against the field, claiming there is no future for oil and gas

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