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Shell Plc CEO Wael Sawan said the UK energy company will continue to look for potential acquisitions but warned of the risks inherent in pursuing a major deal.

Shell Plc said it would boost investor returns through the end of this decade by reinforcing its position as the world’s top trader of liquefied natural gas.

Shell Plc said its natural gas divisions saw lower sales volumes and trading earnings, the latest sign that 2024 ended on a weak note for major energy companies.

Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.

Shell is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as CEO Wael Sawan works to boost efficiency and profitability.

The trucking industry cited total cost of ownership as its top concern for 2024, Shell Fleet Solutions and NAFA Fleet Management Association found in a survey June 27.

Shell shareholders approved the company’s new energy transition plan with weaker carbon emissions targets.

Shell Plc plans to divest 500 retail sites annually over the next two years, responding to a growing demand for electric vehicle chargers.

Shell Plc industry veteran Steve Hill has decided to step down, the company said March 11.

Shell announced the results from demonstration runs of its Shell Starship 3.0 truck that included a reduction of energy usage and carbon emissions.