Shell moves to close valuation gap with US rivals

Shell name retired as St1 takes over Nordic stations

The Shell brand is set to vanish from fuel stations in Finland, Sweden and Norway as operator St1 begins rebranding efforts across the region starting next week. St1 confirmed it will begin converting approximately 630 Shell-branded stations into St1 locations, unifying its entire network of 1,250 sites under a single brand. The change follows the expiry of a long-standing licence agreement that allowed the continued use of the Shell brand after…

Shell moves to close valuation gap with US rivals

Despite chief Wael Sawan’s refocus on oil and gas, few think the UK oil major can catch ExxonMobil and Chevron

Shell stations to rebrand as St1 starting next week

St1, which has acquired most of Shell's operations in Finland, Sweden, and Norway, is consolidating all its stations under a single brand.

Shell CEO Says Pursuit of a Major Deal Risks Being a Distraction

Shell Plc Chief Executive Officer Wael Sawan said the UK energy company will continue to look for potential acquisitions, but warned of the risks inherent in pursuing a major deal.

Shell is going to further review its weakened chemical activities now that margins are falling dramatically. ‘Collaboration’ with other companies is on the table. CEO Wael Sawan also announces extra cost savings throughout Shell. “There are no more sacred cows.”

Shell to Boost Shareholder Returns in LNG-Focused Strategy

On Tuesday, Shell pledged to boost shareholder distributions in a strategy to deliver more to investors focused on its strengths—raising LNG production and sales and sustaining oil production at current levels through 2030. The UK-based supermajor, which has been looking to close the valuation gap with the U.S. giants Exxon and Chevron, will raise shareholder distributions to 40-50% of cash flow from operations (CFFO), up from 30-40%. Shell will…