Shell Pakistan’s share price has soared over 24% in 3 days after parent company’s intent to sell Business Recorder talks to market experts on reasons behind increase Published 16 Jun, 2023 07:14pm
Print Shell decides to exit Pakistan market KARACHI: Shell Petroleum, global energy giant on Wednesday made the strategic decision to sell its entire 77.42... Updated 15 Jun, 2023 09:06am
Markets Pakistan’s petroleum sales plummet 40% year-on-year in May Sale of petroleum products in Pakistan clocked in at 1.3 million tons in May 2023, a decline of over 40%... Published 02 Jun, 2023 04:42pm
Markets Asia naphtha refining profit margin down NEW DELHI: Asia’s naphtha refining profit margin was down slightly on Monday after rising about 16% last week,... Published 30 May, 2023 03:37am
Markets Shell halts production at Prelude floating LNG facility SINGAPORE: Shell has suspended production at its Prelude floating LNG facility off Western Australia due to a trip,... Published 12 May, 2023 10:51am
Business & Finance Shell posts $10bn profit as trading offsets lower energy prices LONDON: Shell on Thursday posted first-quarter net profit of $9.65 billion as strong earnings from trading and ... Published 08 May, 2023 06:40am
Business & Finance Shell Pakistan posts massive loss of Rs4.8bn in Jan-Mar quarter Shell Pakistan Limited (SPL), a subsidiary of Shell Petroleum Company Limited, announced a loss of Rs4.76 billion in... Published 04 May, 2023 06:04pm
Markets Shell posts $10bn profit, lifted by trading LONDON: Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts’ forecasts, as strong... Published 04 May, 2023 12:55pm
Business & Finance Shell agrees to sell Australian Browse gas stake to BP SYDNEY: Shell has agreed to sell its 27% stake in the long-delayed Browse gas project off Western Australia to BP,... Published 29 Apr, 2023 09:50am
Markets Shell launches its first electric ferry at Singapore plant SINGAPORE: Shell Plc on Monday launched its first electric ferry globally at its Singapore refinery and pledged to... Published 17 Apr, 2023 11:44am
Business & Finance SPL announces 2022 financial results KARACHI: The Board of Directors of Shell Pakistan Limited (SPL) has announced the company’s financial results for... Published 16 Mar, 2023 06:01am
Markets Shell reports sharp fall in Nigeria oil spills after shutdown LONDON: Shell on Thursday reported a sharp fall in oil spilled as a result of sabotage in Nigeria’s oil-rich Delta... Published 09 Mar, 2023 02:48pm
Opinion Oil and gas profits fuel UK worker demands for just energy future When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and... Published 07 Mar, 2023 03:16am
Markets European LNG demand to fuel competition with Asia in next two years: Shell LONDON: Europe’s increased need for liquefied natural gas (LNG) will fuel competition with Asia for the seaborne... Published 16 Feb, 2023 02:26pm
Business & Finance BP makes record profit of $28bn in 2022 LONDON: BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated ... Published 13 Feb, 2023 05:57am
Business & Finance Record Shell profit on soaring energy prices sparks outrage LONDON: British energy giant Shell on Thursday unveiled record annual net profit of $42.3 billion thanks to surging... Published 03 Feb, 2023 06:17am
Markets Sales of petroleum products plummet 20% year-on-year Sales of total petroleum products clocked in at 1.44 million tons in January 2023, a massive decline of 20% on a... Published 02 Feb, 2023 05:19pm
Markets Shell makes record $40 billion annual profit LONDON: Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous... Published 02 Feb, 2023 01:33pm
Markets Shell considers exiting UK, German, Dutch energy retail businesses LONDON: Shell is considering exiting its home energy retail businesses in Britain, the Netherlands and Germany in... Published 26 Jan, 2023 08:43pm
Markets Shell LNG trading to lift quarterly profits despite output drop LONDON: Earnings from Shell’s liquefied natural gas (LNG) trading operations are likely to have been significantly... Published 09 Jan, 2023 06:00am
Markets Shell to pay 15mn euros to Nigerian farmers over pollution THE HAGUE: Shell said Friday it will pay 15 million euros to Nigerian farmers to compensate them for damage from... Published 23 Dec, 2022 06:32pm
Markets OMCs take a hit as petroleum sales drop in Pakistan Sales of oil marketing companies (OMCs) took a hit after Pakistan’s petroleum products bore the brunt of economic... Updated 02 Dec, 2022 05:20pm
Business & Finance ABHI, Shell join hands KARACHI: ABHI, Pakistan’s first financial wellness platform, became the first official partner of Shell Pakistan... Published 26 Nov, 2022 04:13am
Markets Oil stocks power FTSE 100 LONDON: The FTSE 100 jumped to a two-month high on Tuesday, as oil stocks bounced back following a bullish comment ... Published 23 Nov, 2022 05:55am
Business & Finance Fuel management solution: Shell Pakistan partners with Careem, Muawin KARACHI: Shell Pakistan Limited collaborated recently with Careem and Muawin to provide a fuel management solution... Published 11 Nov, 2022 06:02pm
Business & Finance Shell’s flagship LNG trading made nearly $1 billion loss in Q3 LONDON: Shell’s liquefied natural gas (LNG) trading division recorded a loss of nearly $1 billion in the third... Published 03 Nov, 2022 06:27pm
Markets Oil sales up 9% in October amid improved mobility post-floods Month-on-month increase in oil sales led by improved mobility post floods Updated 02 Nov, 2022 04:33pm
Markets Shell buys Asia-based waste oil recycler to boost biofuels output SINGAPORE: Shell Eastern Petroleum, a unit of oil giant Shell, said on Tuesday it has acquired Asia-based waste oil... Published 01 Nov, 2022 10:34am
Markets Shell posts $6.7bn net profit in third quarter LONDON: British energy giant Shell on Thursday announced net profit totalling $6.7 billion in the third quarter as... Published 27 Oct, 2022 12:28pm
Markets Weaker refining, gas trading to hit Shell’s Q3 results LONDON: Shell said on Thursday its third-quarter profits would be pressured by a sharp drop in refining margins and... Published 06 Oct, 2022 11:44am