On Wednesday, a coalition of more than 20 institutional investors and the climate-activist shareholder group Follow This formally filed a resolution at Shell’s annual general meeting. The proposal demands that Shell publicly disclose a detailed financial roadmap for generating shareholder value in scenarios where global demand for oil and gas declines. Activists specifically call for quantitative targets on capital reallocation, projected returns on low-carbon investments and sensitivity analyses under International Energy Agency demand projections. The resolution will be put to a vote in May, with supporters representing over $150 billion in combined assets under management.

Shell has partnered with Brazil’s state-controlled oil company Petrobras to co-fund the Carbon Countdown Initiative, directing $18.6 million toward high-precision measurement of soil and forest carbon stocks across the Amazon basin and Cerrado. The program will deploy remote sensing technologies and in-field sampling across a 500,000-square-kilometer area, aiming to reduce uncertainty in national emissions inventories by up to 30%. Shell’s contribution represents 40% of total funding, underscoring the company’s strategy to expand its nature-based carbon services business, projected to reach annual revenues of $1.2 billion by 2030.

In a joint statement issued on Wednesday, Shell and Exxon Mobil announced the suspension of a planned sale of their combined natural gas interests in Britain’s Southern North Sea to Viaro Energy. The assets—comprising six offshore platforms and associated pipelines that produce roughly 1.3 billion cubic feet of gas per day—were expected to close in Q2 2026. Shell cited evolving market conditions and the need for further regulatory approvals as reasons for the pause. Analysts estimate the deal’s value at approximately $700 million and note that the delay could impact Shell’s cash-flow projections for the second half of the year.