Shell Reports Record Q1 Earnings as Oil Prices Soar
LONDON — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living.
Shell Apologizes, Says It Won’t Buy Russian Oil
LONDON — Shell said March 8 that it will stop buying Russian oil after Ukrainian officials criticized the energy giant for buying a shipment of crude from Moscow and demanded that all multinational companies sever ties with Russia over the war.
Shell to Pull Out of Energy Investments in Russia
LONDON — Global oil and gas giant Shell said Feb. 28 that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise.
Japanese Carmaker Honda Hit by Cyberattack
Japanese carmaker Honda said June 9 that it has been hit by a cyberattack that disrupted its business in several countries, though it expects the overall impact to be contained.
BP to Cut 10,000 Jobs Worldwide Amid Pandemic
LONDON — Energy producer BP announced June 8 that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry.
Blackstone CEO Stephen Schwarzman Gives Oxford University $189 Million for AI Studies
LONDON — American billionaire Stephen Schwarzman, CEO of the private equity firm Blackstone, has given Oxford University $188.6 million for a new institute that will study the ethical implications of artificial intelligence and computing technologies.