Royal Dutch Shell

Column / Harder Line

Shell leads big oil in clean energy shift

Illustration of the Shell logo as the sun rising over windmills and solar panels
Illustration: Sarah Grillo/Axios

Royal Dutch Shell, one of the most aggressive global oil and gas producers on clean-energy and climate change, faces big tests on how serious it is with its pursuit.

Why it matters: The burning of fossil fuels sold by Shell and other producers is a big reason Earth’s temperature is rising, yet their products are also foundations of the global economy. Whether you love or hate them, the role these companies play is inherent to addressing climate change, particularly in the absence of U.S. presidential leadership on the issue.

Shell profit jumped 36% in earnings report

Shell gas station.
A Shell gas station. Photo: Miguel Candela/SOPA Images/LightRocket via Getty Images

"Royal Dutch Shell Plc came through a quarter of volatile oil prices to beat earnings estimates, delivering a surge in cash flow the company said will underpin 'world-class' returns to investors," Bloomberg reports.

By the numbers: The company on Thursday announced a $5.7 billion fourth quarter profit and a full-year profit haul of $21.4 billion.

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