Shell to Lay Off 200 Employees in Its Clean Energy Unit
As many as 1,300 employees are working under Shell’s Low Carbon Solutions (LCS) division. A total of 90,000 people are employed by Shell Group in 70 countries.
There is no more need to queue in the forecourt shop – Jaguar and Shell have developed a simple and secure way to pay for fuel without leaving a car.
As many as 1,300 employees are working under Shell’s Low Carbon Solutions (LCS) division. A total of 90,000 people are employed by Shell Group in 70 countries.
Shell is struggling with a continuous fall in profits as Q2 2023 figures show significant reductions compared with last quarter and Q2 2022.
In 2022, the Big Oil companies, including TotalEnergies, ExxonMobil, Chevron, BP, and Shell smashed their previous year’s earnings.
The impressive revenue and profit report by Siemens is proof that legacy companies are seeing a return to normalcy around the world.
On Thursday, ClientEarth filed a climate lawsuit against Shell for allegedly running afoul of the 2015 Paris Agreement.
The humongous earnings from these oil giants have been criticized by a lot of activists including Amnesty International and Global Witness.
BP apparently saw significant growth across its top and bottom lines. The oil giant said its net debt in the fourth quarter was reduced from $30.6 billion to $21.4 billion.
Oil and gas major Shell recently reported its highest-ever profit inflow of approximately $40 billion for 2022.
Shell says it plans to reward investors further and also retrieve shares via buyback following a commendable Q3 2022.
Shell CEO Ben van Beurden will step down for renewables director Wael Sawan, after a nearly four-decade career, 9 of which he served as CEO.