Shell has revealed its renewable power generation capacity rose from 6.7GW to 7.1GW in its Q2 2024 results, while sales of pipeline gas decreased to 148Twh.
The oil and gas major did announce a drop in its second-quarter adjusted earnings to $6.3bn, a decrease from $7.7bn in Q1. However, Shell generated $13.5bn cash flow from its operations.
Shell’s CEO, Wael Sawan, said during an earnings call that the aim was the “drive a culture shift.” He added, “We are seeing the results play out. We set four financial targets and we’re making solid progress against each and every single one of them.
“In short, we’re turning our words into actions.”
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