Europe's largest oil and gas firm reveals a further round of investor rewards on the back of much stronger than expected profits.
Shell has reported better than expected first quarter profits and moved to woo shareholders as it battles a group of major investors seeking greater action against climate change at the company. Europe's largest oil and gas firm said its main profit measure came in at $7.7bn over the first three months of the year - more than $1bn higher than analysts had forecast but down on the $9.7bn achieved in the same period last year.
It calls on Shell to align its medium-term carbon emissions reduction targets with the Paris Climate Agreement, including emissions from fuels burnt by consumers, known as Scope 3 emissions. While Shell's board has urged shareholders to vote against it, the US proxy advisory firm Glass Lewis revealed overnight that it had done the same.
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