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Hire Good organization provides services to the city and a 2nd chance for employment

Hire Good organization provides services to the city and a 2nd chance for employment

CTV News15-07-2025
Edmonton Watch
An Edmonton organization is helping provide services to the city while also giving people a second chance at meaningful employment. CTV News Edmonton's Miriam Valdes-Carletti has the story.
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Shell Plc Reports Strong Cash Flow and Strategic Advances
Shell Plc Reports Strong Cash Flow and Strategic Advances

Globe and Mail

time19 minutes ago

  • Globe and Mail

Shell Plc Reports Strong Cash Flow and Strategic Advances

Shell Plc ( (SHEL)) has released its Q2 earnings. Here is a breakdown of the information Shell Plc presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Shell Plc, a leading global energy company, is engaged in the exploration, production, refining, and marketing of oil and natural gas, as well as the production and marketing of chemicals. The company is known for its significant investments in renewable energy and its commitment to reducing carbon emissions. In its latest earnings report, Shell Plc reported strong cash flows and operational performance despite a challenging macroeconomic environment. The company highlighted its strategic advancements in deep-water projects in Nigeria and Brazil and celebrated the shipment of its first LNG cargo from Canada. Key financial metrics from the report include adjusted earnings of $4.3 billion and cash flow from operations (CFFO) of $11.9 billion. Shell maintained a strong balance sheet with a gearing of 19% and announced a $3.5 billion share buyback program. The company achieved $0.8 billion in structural cost reductions in the first half of 2025, contributing to a cumulative reduction of $3.9 billion since 2022. The company continues to strengthen its LNG position and aims for a 4-5% annual growth rate in LNG sales by 2030. Shell also enhanced its deep-water portfolio with new projects in Brazil and Nigeria. Despite lower trading results, the company remains committed to its strategic goals. Looking ahead, Shell's management remains focused on performance and discipline, with a stable cash capex outlook of $20-22 billion for 2025. The company is poised to continue its strategic initiatives in both traditional and renewable energy sectors, aiming for long-term growth and sustainability.

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