Shell

Roman Polanski has called for increased taxes on oil and gas profits to fund wildfire prevention efforts. This demand follows Shell and BP reporting their highest quarterly profits in four years.

Natasya Pawanteh took a 7½-year career break to care for her elderly parents after leaving her job as a geologist at Shell in 2018. The extended break led to a career pivot, and she now views caregiving as her 'greatest achievement.' The article is part of a Business Insider series exploring career breaks and professional reinvention.

The White House is expected to extend the Jones Act waiver to reduce gas prices amid the US-Israeli war on Iran. The waiver, which allows non-US ships to transport cargo between US ports, aims to alleviate shipping bottlenecks and lower transport costs. President Trump has criticized oil companies like Exxon Mobil and Chevron for profiting from rising prices.

In August 2026, Argentinians can save up to 30% on fuel by combining discounts from station apps and bank rebates. Major chains like YPF, Shell, Axion, and Puma offer app-based weekday discounts, while banks such as Banco Nación and Macro provide rebates via MODO or their apps.

US President Donald Trump criticized oil majors for 'making too much money' following record profits from companies like ExxonMobil, Chevron, Aramco, BP, and Shell amid rising oil prices linked to the Iran war. Trump argued they should 'give some back to the public,' as surging gas prices harm Republican prospects in the midterms, while the US Strategic Petroleum Reserve is at its lowest level since the 1980s.

Chevron's Venezuelan joint ventures increased oil production to 280,000 barrels per day in the first half of 2026, a 15% rise from the prior six months. US Treasury licenses allowed Chevron and other companies like BP, Eni, Repsol, and Shell to re-engage with Venezuela's oil sector.

US President Donald Trump claims direct negotiations with Iran are ongoing, warning it is Tehran’s 'last chance' to secure a deal. Iran denies direct talks, stating discussions over the Strait of Hormuz remain mediated by Oman, while Pakistan seeks to facilitate a meeting. Iranian military officials threaten 'serious risks' if the US naval blockade continues, and oil companies report soaring profits amid the conflict.

Chevron's Venezuelan oil production has increased to 280,000 barrels a day under a US Treasury licensing framework, with Donald Trump's support enabling BP, Eni, Shell, and Repsol to restart operations. The development marks a return of US major oil companies to Venezuela.

Donald Trump has criticized oil companies for making excessive profits from the US-Iran conflict, particularly targeting ExxonMobil and Chevron for their significant second-quarter profits. European and Saudi oil companies, including Shell and Aramco, also reported substantial profit increases amid the crisis.

A São Paulo court approved Raízen's R$61.4 billion extrajudicial restructuring on July 30, converting 45% of debt into new shares that will dilute Shell and Cosan's controlling stake.

BP's quarterly profits more than doubled to $5.73bn in the three months to the end of June due to the Middle East crisis disrupting Gulf energy exports. This marks the company's highest quarterly profits since the first year of Russia’s war on Ukraine.

TotalEnergies agreed to acquire Shell's European onshore renewable energy businesses, including 4 GW of solar and wind projects in Italy, the Netherlands, and other countries, for an undisclosed amount. Simultaneously, TotalEnergies will sell a 50% stake in a 1.2 GW renewable energy portfolio in Germany, Spain, France, and Poland to KKR for €1.8 billion.

Shell has sold its European renewables business to TotalEnergies as part of its strategic shift away from green energy initiatives.

AI-generated videos on YouTube spread false claims about companies leaving California, prompting Governor Gavin Newsom's team to collaborate with YouTube to remove over 700 accounts. The content, targeting Newsom as a potential 2028 presidential candidate, includes misleading narratives about closures and decline in the state.

Chevron reported a record $12.1 billion quarterly profit, while ExxonMobil and Shell achieved their highest earnings since 2022 due to global oil supply disruptions from the Iran war. Companies are benefiting from high crude prices, record refining margins, and reduced competition from China's oil exports, with Chevron planning increased investments in Iraq despite Middle East instability.

BP is seeking to sell its North Sea business, which includes five production hubs and 1,100 employees, as UK Prime Minister Andy Burnham faces pressure to ease drilling restrictions. US President Donald Trump has urged increased North Sea oil production, while Burnham has emphasized a pragmatic approach to balancing energy security and cost-of-living concerns.

A São Paulo court approved Raizen's out-of-court restructuring plan, involving R$61.4 billion (~US$11.4 billion), supported by 81.6% of creditors. The plan includes a debt-to-equity swap and a capital injection.

Shell's profits more than doubled in the second quarter, with adjusted earnings of $9.84 billion, driven by rising oil prices linked to the Iran war. This marks the company's best result since mid-2022.

Shell's second-quarter profit rose to $9.84bn, more than double the same period last year, driven by higher oil and gas prices linked to the Middle East war. Environmental groups are calling for a windfall tax to support households in response to the increased profits.

Shell CEO Wael Sawan stated the company achieved record utilization in its refining business, which had not occurred in over a decade. Shell reported adjusted net income of $9.8 billion.

Shell reports its best quarterly profit in four years, driven by increased oil and gas prices linked to the Iran war. Energy majors are benefiting from soaring fossil fuel prices amid the conflict.

Shell Plc reported a significant increase in second-quarter profit driven by strong performance in oil refining and energy trading amid the ongoing Iran war.

Internal Shell documents revealed in a UK court case show evidence of aging pipelines, missing oil wells, and a $10.9 billion decommissioning liability in Nigeria's Niger Delta. The findings raise concerns about decades of pollution in the region.

Amnesty International and partners are calling for Shell's accountability over environmental pollution in the Niger Delta, citing a new report on the environmental and human rights impacts of Shell's operations in the region.

Internal Shell documents disclosed in a UK court case revealed evidence of ageing pipelines, missing oil wells, and a $10.9 billion decommissioning liability in Nigeria's Niger Delta, raising concerns about decades of pollution. The findings highlight potential environmental and financial issues linked to Shell's operations in the region.

The Shell Bahamas LNG Terminal, a regasification project in Nassau, New Providence, Bahamas, has received final approval. The terminal is being developed by New Providence Gas Ltd., a joint venture between Bahamian group FOCOL Holdings (via Sun Oil Holdings) and Shell, which holds a 40% stake. The facility will have a regasification capacity of 55 million standard cubic feet per day.

Oil prices fell as the US and Iran paused hostilities, leading to declines in energy sector stocks like BP and Shell. AstraZeneca exceeded profit forecasts due to successful cancer treatments, while JD Sports and Vodafone saw share price increases.

Iran war and Trump tariffs are contributing to higher gas prices and renewed inflation risks. A Shell gas station in Palo Alto, California, is highlighted as an example of current fuel price impacts.

The Federal High Court dismissed a landmark pollution lawsuit by Ekpetiama Kingdom against Shell, which HOMEF has condemned and is urging an appeal to influence Nigeria's environmental justice. The case centers on pollution allegations against Shell.

Misti Leon sued Exxon Mobil, BP, Chevron, Shell, and other oil companies for wrongful death, alleging their climate change deception contributed to her mother's death during a 2021 heatwave in Washington state. A King County judge denied the companies' motion to dismiss the case, signaling its legal viability amid growing climate litigation nationwide.

Nasan Energies, a Namibian fuel retailer that acquired stations from Vitol Group, plans to expand its operations to support Namibia’s offshore oil industry, which includes companies like TotalEnergies SE and Shell Plc.

President Donald Trump and Iraqi Prime Minister Ali al-Zaidi are advancing US-Iraq commercial ties through a $60 billion agreement announced at a US Chamber of Commerce summit. The focus includes energy, infrastructure, and economic partnerships, with participation from major US companies like ExxonMobil and Shell.

Shell has awarded $518 million in contracts to indigenous firms in Nigeria, as disclosed by the company’s Communications Manager, Gladys Afam-Anadu, in a statement.

Shell has received additional tax relief for its $20 billion oil project in Nigeria. The development pertains to a major oil initiative in the country.

India’s Birla has secured a $1.5 billion loan from MUFG to finance the acquisition of Shell assets. The transaction involves MUFG providing funding for the purchase.

Climate-impacted communities in Asia, including survivors of Super Typhoon Rai in the Philippines, are pursuing legal action against fossil fuel companies like Shell, arguing historic emissions worsened climate disasters. A 2025 lawsuit claims Shell's operations contributed to the typhoon's devastation, marking a first-of-its-kind civil case linking a fossil fuel giant to climate impacts in the Global South.

Fuel prices remain nearly a dollar per gallon higher than before the war with Iran, despite recent declines, causing financial strain on consumers during the summer driving season peak. A Shell gas station in Los Angeles exemplifies the ongoing high costs.

Abu Dhabi's ADNOC Distribution agreed to purchase Shell's 580-station South African network for approximately $1 billion, marking its largest overseas deal. The acquisition is set to close in 2027.

ADNOC Distribution, the retail arm of ADNOC, is expanding gas stations in Africa, Southeast Asia, and parts of the Middle East and North Africa. The company prioritizes value-accretive acquisitions, citing a $1 billion South African deal and a potential Shell station takeover. CEO Bader Al Lamki emphasized financial performance, with EBITDA rising from $670 million to $1.16 billion since 2019.

ADNOC Distribution, the retail arm of Abu Dhabi's state oil company, acquired Shell's downstream business in South Africa for $1 billion, securing 580 gas stations and a 10% market share. The deal is part of ADNOC's broader strategy, which includes investments in a Texan LNG project, Argentinian gas blocks, and a $16.9 billion takeover of Covestro, as well as launching a global LNG trading platform targeting 47 million tonnes annually by 2035.