Core Insights - A survey by Shell reveals a growing reluctance among drivers to switch from fuel vehicles to electric vehicles (EVs), with this trend being more pronounced in Europe than in the US [4] - Current EV drivers report increased confidence and satisfaction, while interest among fuel vehicle drivers is stagnating or declining [4][5] - The survey indicates that 91% of current EV drivers are considering purchasing another EV as their next vehicle [7] Summary by Sections Survey Findings - 61% of global EV drivers feel less concerned about running out of charge compared to a year ago, and 72% believe the availability of public charging stations has improved [4] - Interest in EVs among fuel vehicle drivers has decreased, with US interest dropping from 34% in 2024 to 31% in 2025, and European interest declining from 48% to 41% in the same period [4] Cost Concerns - Cost remains the primary barrier to EV adoption, with 43% of non-EV drivers in Europe citing price as their main concern [5] - High vehicle prices in Europe, despite decreasing battery costs, along with rising energy costs and broader economic pressures, are affecting consumer purchasing intentions [5] Policy Support - 46% of gasoline and diesel vehicle drivers in the US support policies encouraging the phase-out of fuel vehicles, while the support in Europe is at 44% [9] - Support for such policies is contingent on EV pricing and charging infrastructure improvements [9] Charging Experience - Only 51% of European drivers reported improved reliability of public charging stations in the past year, compared to 74% in China and 80% in the US [13] - 78% of EVs driven in Europe are new, down from 82% the previous year, indicating growth in the used car market which may attract more consumers [14] Research Methodology - The survey involved over 15,000 drivers across nine markets, including key markets in Europe, the US, and China, conducted in March 2025 [18][19][20]

Group 1: Company History and Evolution - Shell started as a small shop in London trading in shell products in 1833 and evolved into a major oil company, overcoming various challenges throughout its history [2][3] - The company transitioned from a family business to a multinational trading giant in the late 19th century, successfully exporting British goods to Japan and monopolizing coal imports [3][4] - By the end of the 19th century, Shell became one of the most flexible and well-known trading companies in London, capitalizing on the rising demand for kerosene [4][5] Group 2: Strategic Decisions and Market Challenges - Shell's founder, Marcus Samuel, took significant risks to break Standard Oil's monopoly by signing a supply agreement with Baku oil, despite the challenges posed by transportation costs and packaging [5][7][8] - The introduction of the "Murex" oil tanker revolutionized oil transportation, allowing Shell to reduce costs and improve efficiency [8][9] - Shell's marketing strategies, such as offering free oil lamps with kerosene purchases, significantly boosted sales and profits [10][11] Group 3: Adapting to Market Changes - The company faced challenges from competitors and market fluctuations, leading to a strategic pivot towards oil extraction in Southeast Asia [12][13] - Shell successfully navigated the price war initiated by Royal Dutch Petroleum by promoting the use of oil in naval vessels, ensuring contract renewals [13][14] - The company adapted to the Great Depression by closing inefficient refineries and focusing on aviation fuel technology, positioning itself for future growth [21][22] Group 4: Resilience and Strategic Alliances - Shell formed a strategic alliance with Royal Dutch Petroleum to better compete against Standard Oil, leading to the establishment of the Royal Dutch Shell Group [17][18] - Under the leadership of Henri Deterding, Shell expanded aggressively during World War I, securing a significant share of the oil market [20][21] - The company emerged from World War II as a leading integrated energy group, having adapted its operations to meet changing market demands [22][23] Group 5: Long-term Strategic Vision - Shell's ability to anticipate market trends and prepare for future challenges has been a key factor in its success, including its proactive measures during the 1970s oil crisis [22][23] - The company employs scenario planning and vulnerability testing to ensure its strategies remain robust against various uncertainties [23][24] - Shell's approach to maintaining high cash flow and resource reserves during market fluctuations has positioned it as a "super-cycle winner" [25][28] Group 6: Continuous Innovation and Adaptation - Shell has consistently focused on cost control and technological innovation, allowing it to thrive during industry downturns [29][30] - The company's strategic foresight has enabled it to transition from kerosene to oil and now to new energy sources, maintaining its competitive edge [29][30] - Shell's willingness to challenge conventional thinking and embrace change has been crucial to its long-term sustainability and growth [29][30]

Key Takeaways Shell plans to expand LNG capacity by 12M metric tons from projects in four global regions. Expansion efforts include new builds and the Pavilion Energy acquisition to boost trading scale. SHEL's growth targets align with projected 60% rise in global LNG demand driven by Asia by 2040.Shell plc (SHEL) , the world’s top liquefied natural gas (“LNG”) trader, recently announced at an energy conference in London that it intends to increase LNG capacity by up to 12 million metric tons through 2030 ...

Key Takeaways SHEL awarded Subsea7 a subsea transport and installation contract for the Aphrodite gas field. The project ties back to Shell's Barracuda network and supports global LNG exports via Dolphin A. Subsea7 begins engineering in Houston with offshore ops set for 2027 and a peak output of 18,400 BOE/D. Shell plc (SHEL) , a London-based integrated oil and gas company, has officially awarded a subsea transportation and installation contract to Subsea 7 S.A. (SUBCY) , a Luxembourg-based oil and gas eq ...

Core Points - Shell plc announced the first quarter 2025 interim dividend of US$0.358 per ordinary share, equivalent to €0.3136 or 26.41p depending on the currency election made by shareholders [1][2] - Shareholders can elect to receive dividends in US dollars, euros, or pounds sterling, with the election deadline being June 2, 2025 [2][3] - The dividend payments in euros and pounds sterling are based on market exchange rates averaged over three days from June 4 to June 6, 2025, and will be payable on June 23, 2025 [4] Dividend Payment Details - Holders of ordinary shares who do not submit a valid currency election will receive dividends in euros or pounds sterling based on their holding method [3][4] - The dividend will be payable to members listed on the Register of Members as of May 16, 2025 [4] Taxation and Currency Election - Shareholders are advised to consult their tax advisors regarding the tax treatment of dividends [5] - Different currency election dates may apply to shareholders holding shares through various financial institutions, and they should check with their brokers for specific deadlines [6]

Core Viewpoint - Shell plc announced the interim dividend for the first quarter of 2025, set at US$0.358 per ordinary share, with options for shareholders to receive dividends in US dollars, euros, or pounds sterling [1][2]. Dividend Payment Details - Shareholders who submitted valid currency elections by June 2, 2025, will receive dividends of US$0.358, €0.3136, or 26.41p per ordinary share, depending on their chosen currency [2]. - Dividends payable in euros and pounds sterling have been converted from US dollars based on average market exchange rates from June 4 to June 6, 2025 [4]. - The dividend payment date is set for June 23, 2025, for shareholders listed on the Register of Members as of May 16, 2025 [4]. Taxation and Currency Election - Shareholders are advised to consult their tax advisors regarding the tax treatment of dividends [5]. - Different currency election deadlines may apply to shareholders holding shares through various financial institutions, and they are encouraged to check with their brokers for specific deadlines [6].

本周，数十家跨国公司高管本周集体涌向华盛顿游说国会，试图阻止特朗普预算法案中一项可能重塑国 际资本流动格局的条款，警告这一措施将冲击数百万美国就业岗位。 6月9日，据报道，全球商业联盟主席Jonathan Samford透露，约70家公司的代表将于本周与国会议员 会面，第899条款将成为"核心议题"。 这一税收威胁已令该游说组织近200家在美外资企业感到不安， 其中包括壳牌、丰田、SAP和LVMH等巨头 。 数据显示这一担忧并非空穴来风： 外资银行在美国承销了70%以上的外国公司债务发行，占美元计价 债务发行总额的近三分之一 。 2023年，这些外资银行向美国公司放贷超过1.3万亿美元，其国际融资业务支撑了5.4万亿美元的外国直 接投资，创造了2700亿美元收入。 "希望第899条款不会被实施" 据悉， 这些外资企业在美国提供了840万个就业岗位，而第899条款的实施可能直接威胁到这一庞大的 就业基数 。 这场史无前例的游说攻势直指特朗普"大漂亮"税收法案中的第899条款——一个被外界视为"资本驱逐 令"的条文。该条款一旦获得国会批准，将允许美国对来自"税收政策惩罚性"国家的公司和投资者征收额 外税收。 税收 ...

Core Viewpoint - A significant lobbying effort by multinational companies is underway to oppose Clause 899 of Trump's tax reform, which is perceived as a potential threat to millions of American jobs and could reshape international capital flows [1][2]. Group 1: Impact on Employment and Investment - Approximately 840,000 jobs in the U.S. are provided by foreign companies, and the implementation of Clause 899 could directly threaten this substantial employment base [2]. - The lobbying effort involves around 70 company representatives, including major firms like Shell, Toyota, SAP, and LVMH, indicating widespread concern among foreign investors [1][2]. Group 2: Tax Implications of Clause 899 - Clause 899 is viewed as a "capital expulsion order" that would allow the U.S. to impose additional taxes on companies and investors from countries deemed to have "unfair foreign tax policies" [2][3]. - The clause would increase U.S. tax rates on stock dividends and certain corporate bond interests by 5 percentage points annually over four years, and it would also tax sovereign wealth funds' U.S. investment portfolios, which are currently exempt [3]. Group 3: Financial Market Concerns - The implementation of Clause 899 is expected to disrupt foreign direct investment and could lead to financial market volatility, as highlighted by the International Bankers Association [3]. - In 2023, foreign banks lent over $1.3 trillion to U.S. companies, supporting $5.4 trillion in foreign direct investment and generating $270 billion in revenue, underscoring the importance of foreign capital in the U.S. economy [3]. Group 4: Legislative Outlook - Despite the potential to raise $116 billion for the U.S. government over the next decade, there are concerns that the overall tax reform could increase U.S. debt by $2.4 trillion by 2034 [4]. - There is a growing momentum in the Senate to repeal Clause 899, as lawmakers recognize that it contradicts the government's goal of attracting more investment to the U.S. [4].

Key Takeaways Kazakhstan ordered Eni and partners to stop work on the Karachaganak gas plant project. Costs have risen to $6 billion, and the project's completion delayed from 2028 to 2030. E and Shell sought $1B in state support; the state may now develop the plant independently.Eni SpA (E) and Shell plc (SHEL) have received orders from Kazakhstan government to terminate their plans for the construction of a gas processing plant at the Karachaganak gas and condensate development. Authorities in Kazakhsta ...

Shell plc (SHEL) , a London-based integrated oil and gas company, has officially sanctioned the final investment decision for its Aphrodite gas project, located offshore Trinidad and Tobago. This is a significant step in the multinational energy producer's strategy to secure long-term supply for its regional liquefied natural gas ("LNG") operations. The move signals renewed confidence in the country's gas-producing potential and aligns with Shell's global ambition to expand its integrated gas business. Key ...