Shell Lubricants

The pay package for Shell's CEO jumped by half last year to nearly USD 12 million, the fossil fuel giant said on Thursday, as oil and gas companies made record profits from skyrocketing energy costs that have driven a cost-of-living crisis. London-based Shell paid Ben van Beurden a total of 9.7 million pounds (USD 11.5 million) in 2022 as annual company profits doubled to an all-time high of USD 40 billion because Russia's war in Ukraine sent oil and gas prices soaring. Van Beurden's pay includes a 2.6 million-pound bonus and 4.9 million pounds worth of stock, according to the company's annual report. Van Beurden stepped down at the end of last year and was replaced by Wael Sawan, who will be paid a base salary of 1.4 million pounds and a bonus that's expected to be bigger than the salary, the report said. Demands have increased for oil and gas companies raking in huge profits to do more to reduce high energy costs that are hurting consumers and small businesses. Opposition lawmak

Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a LNG supply gap after several outages hampered efforts to fill European storage

Refining margins triple in second quarter; strong gas and power trading lift profits

European consumers could face the prospect of energy rationing this winter as costs continue to soar amid the risk of Russia cutting off gas supplies, Shells chief exec has said, the media reported.

There is immense potential for lubrication and maintenance services to deliver significant business value, said Flood

The new digital film takes forward the thought put across last year in Shell's first global brand positioning campaign, 'Together anything is possible'

Shell Lubricants is planning to focus on some of the segments where it has comparitively less presence so far, in order to achieve its target of becoming the largest international lubricant player in the country in the next three years. The company is already a leading player in the wind turbine, construction and general manufacturing, while it has a small presence, with less than one per cent market share, in segments such as Petrochemicals, fertilisers, textiles and defence. The plans are to increase the market share in these sectors to five per cent in next three years, said Siva Kasturi, global OEM Manager - India and South East Asia, Shell Lubriants."At this point of time we are heavily focusing on general manufacturing, construction and power. We wanted to continue our technology leadership in primarily the defence application and we want to focus more on mining and power business as well," he said.In industrial lubriants market, the company has a five per cent marketshare in ...