More than 20 institutional investors, led by the climate activist shareholder group Follow This, filed binding resolutions at Shell’s upcoming annual general meeting, calling for full disclosure of the company’s strategy to generate shareholder value should global demand for oil and gas decline. The resolutions, which represent over $2 trillion in combined assets under management, request detailed metrics on capital allocation decisions, projected cash flows under low-carbon demand scenarios and contingency plans for stranded assets. Shell will be required to publish its findings by Q3 2026, providing investors with transparent benchmarks to assess the resilience of its core hydrocarbon portfolio against a backdrop of accelerating energy transition targets in Europe and North America.

Shell has committed $9.3 million to the newly formed Carbon Countdown Initiative in Brazil, matching a contribution from state-controlled oil producer Petrobras. The $18.6 million fund will finance high-resolution satellite imaging and extensive soil and forest sampling across the Amazon and Cerrado regions over the next five years. Project leaders aim to quantify carbon stocks with 95% confidence intervals of ±5%, delivering data to inform federal and state climate policies. Shell’s share of the investment underscores its strategic pivot toward nature-based solutions and long-term carbon credit development, targeting the voluntary offset market by 2027.

Shell and Exxon Mobil jointly announced the suspension of the planned divestiture of their Southern North Sea gas production assets to Viaro Energy. The decision follows unexpected valuation gaps identified during due diligence, with prospective license transfers valued between $400 million and $450 million. Shell cited ‘market uncertainties’ around near-term gas demand and regulatory approval timelines as key factors in the pause. The assets in question produce approximately 150 million standard cubic feet of gas per day, representing roughly 10% of Shell’s legacy European gas output. Management has indicated that they will revisit the sale process by mid-2026, contingent on stabilized commodity forecasts and clearer UK Energy Act guidance.