Shell Announces Growth In Upstream Americas

Royal Dutch Shell plc (Shell) has reconfirmed strong momentum in its businesses in the Americas. Shell’s oil & gas production in the region could reach one million barrels of oil equivalent per day in 2014, an increase of  40% on current levels, subject to the pace of investment, which could be $40 billion for the

Shell CEO Predicts Oil To Become More Expensive

Royal Dutch Shell’s chief executive predicted Thursday that oil will remain the dominant energy source for decades, and one that will become more difficult and thus more expensive to obtain, MarketWatch reported. Shell’s CEO Peter Voser, gave the prediction as he spoke before an audience at The Wall Street Journal’s ECO:nomics conference in Santa Barbara,

Shell Changes Executive Pay

Shell is changing the way it rewards senior managers, less than a year after shareholders revolted against its executive-pay policies, the Wall Street Journal reported. In a letter to investors, Hans Wijers, chairman of Shell’s remuneration committee, said salaries paid to Chief Executive Peter Voser and Chief Financial Officer Simon Henry-who stepped into their current

Shell to Cut 1,000 Jobs After Fourth Quarter Decline

Royal Dutch Shell Plc is planning new, deeper cuts to its oil refining and retail operations after downstream weakness caused a 75% decline in fourth-quarter profits to $1.18 billion, Reuters reported. According to CEO Peter Voser, in 2010 the company plans $1 billion in cost cuts and 1,000 job cuts, mainly to come from the

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