A woman holds the handle of an old pram in front of vintage Shell petrol pumps near Chichester, Britain. Reuters
Royal Dutch Shell reported on Thursday a small drop in first quarter profit to $5.4 billion, but still easily beat forecasts, helped by stronger trading and liquefied natural gas earnings. Shell’s results outshone those of rivals Exxon Mobil, Chevron and BP which all saw sharp declines in profits
Pakistan has selected groups that include Exxon Mobil Corp and Royal Dutch Shell to build five liquefied natural gas (LNG) terminals as it aims to triple imports and ease gas shortages.
Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change problems, its chief executive said.
Japan is adopting preventive measures to save economy from the impact of coronavirus on its economy. Japanese Prime Minister Shinzo Abe pledged on Friday to take policy steps as needed to prevent the coronavirus
Thyssenkrupp has agreed to sell its elevators division to a consortium of Advent, Cinven and Germany’s RAG foundation for 17.2 billion euros ($18.7 billion). Analysts say the deal could be the world’s largest buyout in 2020.
The Khalifa Fund for Enterprise Development has announced the signing of a $100 million (Dhs368 million) agreement with the Ethiopian Ministry of Finance in Addis Ababa.