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0 0 0 -0.000576535024502624 2.04826386785846E-16 0.00115307004900566 0.000576535024502829 0.00245027385413666
Stock impact report

Shell halves green investment and boosts gas sales [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The company has revealed plans to reduce investment in low-carbon energy from 20pc of capital expenditure to 10pc by 2030, at the same time as ramping up shareholder returns. Shell also aims to grow sales of liquefied natural gas (LNG) by at least 4-5pc per year under previously announced plans to maintain oil and gas output at current levels through to 2030. The company is already the world's largest LNG trader. Plans to slash green investment are part of a push by Wael Sawan, the chief executive, to refocus Shell on oil and gas – a move that has been cheered by the markets but angered green campaigners. Shell revealed on Tuesday that Mr Sawan had been handed a pay rise after receiving a total of £8.6m last year, up from £7.9m. Mr Sawan said: “We are transforming Shell to become simpler, more resilient and more competitive. “We want to become the world's leading integrated gas and LNG business and the most customer-focused energy marketer and trader, while sustaining a mat Show less Read more
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