#shell

#shell

Shell is considering fossil fuel investments in Venezuela worth billions of dollars, according to its chief executive. Wael Sawan said Europe's largest oil company is weighing plans for production projects off the Venezuelan coast that could begin yielding gas in the next couple of years. These are opportunities that could potentially be activated within months, he told CNBC, adding that the company was now awaiting approvals.

"2025 was a year of accelerated momentum, with strong operational and financial performance across Shell." He added, "In the fourth quarter, despite lower earnings in a softer macro (environment), cash delivery remained solid and today we announce a 4% increase in our dividend and 3.5 billion dollars share buyback, making this the 17th consecutive quarter of at least three billion dollars of buybacks."

Earlier this year, my father, Ken Saro-Wiwa, and his eight colleagues, known collectively as the Ogoni Nine, were pardoned for a crime they never committed. After peacefully campaigning against environmental degradation of Ogoniland in Nigeria at the hands of the oil industry, they were imprisoned by the military dictatorship on false charges of treason and incitement to murder, following a trial condemned by the international community as a sham.

A shell is like browser console, but for the operating system instead of for JavaScript. It helps us with programming by running the tools (programs) we need to get things done. Node.js is a program that lets us run JavaScript code outside browsers - which we can use for a variety of things.

Volta Charging, an early entrant in the advertising and data business through its subsidiary Volta Media, is being shut down by Shell, its new owner.

Wael Sawan emphasized the careful management of shipping in the Middle East due to rising tensions, highlighting the significant uncertainty in the region caused by recent conflicts.

Shell's reporting shows a 28% drop in profits, illustrating the ongoing impact of lower oil prices following the post-pandemic recovery and global economic changes.