More than 20 institutional investors, led by climate activist shareholder group Follow This, have filed a resolution at Shell’s upcoming annual general meeting demanding a detailed strategy for sustaining shareholder value if global demand for oil and gas peaks and begins to decline. The resolution requests disclosure of quantitative targets and milestones for alternative revenue streams, including renewables, low-carbon hydrogen and carbon capture, with a timeline extending to 2035. Investors cite Shell’s 2024 announcement of a 40% reduction in upstream emissions intensity by 2035 and urge management to demonstrate how that commitment translates into long-term cash flow stability in a decarbonizing world.

Shell has joined forces with Petrobras to contribute $18.6 million toward the launch of Brazil’s Carbon Countdown initiative, a multi-year program to map and measure soil and forest carbon stocks across the Amazon and Cerrado regions. The project, led by independent research institutes and overseen by a scientific steering committee, aims to deliver geospatial data at 1 km resolution by 2028. Shell’s portion of the funding—approximately $9.3 million over three years—will support satellite monitoring, ground-truthing expeditions and local community training, enhancing the company’s credibility in large-scale nature-based solutions while bolstering policy design for national reforestation targets.

Shell, in partnership with Exxon Mobil, has unexpectedly halted the planned divestment of their combined natural gas interests in the Southern North Sea to Viaro Energy. Originally announced in June 2025, the transaction was expected to include approximately 70 production licenses and associated infrastructure, representing over 500 million barrels of oil equivalent in reserves. Shell’s statement cited unresolved regulatory approvals and evolving market conditions as reasons for the suspension. The decision leaves Shell with continued exposure to North Sea gas production, which supplied nearly 10% of the UK’s natural gas in 2024, and may prompt a reassessment of asset optimization versus sale in the region.