1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Shell plc
  6. News
  7. Summary
    SHEL   GB00BP6MXD84

SHELL PLC

(SHEL)
  Report
Delayed London Stock Exchange  -  11:39 2022-06-28 am EDT
2184.00 GBX   +2.95%
02:44aDeltic Energy, Shell JV To Start Drilling At Pensacola Exploration Well In September
MT
02:39aMaersk Drilling Wins Contract To Deliver Jack-up Rig To Shell Unit
MT
02:35aSHELL PLC : Technically solid
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Shell partners with Nissan to create hybrid rally concept car

05/19/2022 | 09:39am EDT

Shell equips car with innovative lubricants and biofuel.

Following the release of images last year to celebrate Nissan's participation in the East African Rally 50 years earlier, the Nissan JUKE Hybrid Rally Tribute has now come to life, with support from long-standing partner Shell.

The JUKE Hybrid Rally Tribute has moved from design sketch to a fully operational one-off vehicle, with the preview ahead of the introduction of the JUKE Hybrid in Europe this summer.

The prototype has the production version's hybrid powertrain at its heart, with Shell having equipped it with innovative lubricants and biofuel to power the car.

The Tribute car is a homage to the Nissan 240Z Datsun, with the Shell heritage Pecten being displayed on the Tribute in reference to the iconic rally car which won the East African Rally in 1971.

Selda Gunsel, VP Global Lubricants and Fuels Technology at Shell, said: 'Our role in equipping the car with innovative lubricants and biofuel is an extension of our long-term partnership with Nissan. The partnership enables us to combine our innovation and R&D resources and to showcase how both companies are accelerating the shift to cleaner mobility and helping customers around the world. As a partner with Nissan on the original 1971 East African Rally car, and in the spirit of the Tribute project, it's great to see the Shell heritage Pecten displayed on the Tribute car.'

The car uses 'Shell Helix Hybrid', a high-performance engine oil which is designed to provide specialist protection for hybrid engines. It provides longer protection for the car's hybrid engine due to its antioxidation properties, as well as the condensed water and acid in its formulation protecting against rust and corrosion.

Shell Helix Hybrid uses 'PurePlus Technology' which is a base oil made from Natural Gas that is 99.5% pure. Shell Helix Hybrid has a lower viscosity that enables it to flow much faster at extreme low temperatures (down to -40-degreeC) for easier starting and quicker engine warm-up. Shell Helix Hybrid also provides up to 3% greater fuel economy to enable the engine to burn less fuel on long journeys and thus results in lower emissions.

Shell is also supplying a new and innovative biofuel for the Tribute car. The biofuel is made from 33% renewable components which generate CO2 savings of at least 20% compared to conventional gasoline. Shell will compensate for the remaining lifecycle CO2 emissions of by purchasing appropriate certificates from selected climate protection programmes, known as Nature Based Solutions.

Coralie Musy, Vice President, Brand and Customer Experience, Nissan's AMIEO region, said: 'The JUKE Hybrid Rally Tribute represents our optimism and daring mindset. We are currently preparing an exciting new chapter of JUKE history in advance of the introduction of the new JUKE Hybrid in the summer. It will offer the excitement and agility customers would expect of our iconic crossover, with both improved performance and efficiency. The JUKE Hybrid Rally Tribute takes its playful character to a new level.'

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, 'Shell', 'Shell Group' and 'Group' are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words 'we', 'us' and 'our' are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', 'Shell subsidiaries' and 'Shell companies' as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as 'joint ventures' and 'joint operations', respectively. 'Joint ventures' and 'joint operations' are collectively referred to as 'joint arrangements'.

Forward-Looking Statements

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 'aim', 'ambition', ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', 'milestones', ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', 'schedule', ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, 18th May, 2022. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

Forward Looking Non-GAAP measures

This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements.

The contents of websites referred to in this announcement do not form part of this announcement.

We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

Contact:

Tel: 0800 731 8888

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NISSAN MOTOR CO LTD -3.06% 548.9 Delayed Quote.1.87%
SHELL PLC 2.95% 2184 Delayed Quote.34.67%
All news about SHELL PLC
02:44aDeltic Energy, Shell JV To Start Drilling At Pensacola Exploration Well In September
MT
02:39aMaersk Drilling Wins Contract To Deliver Jack-up Rig To Shell Unit
MT
12:19aShell To Boost Medical Services For US Staff Amid Updated Abortion Policy
MT
06/28Shell Prelude LNG loading disrupted for at least 2 weeks, worsening global supply
RE
06/28Shell says Prelude LNG shipments disrupted until at least mid-July
RE
06/28Transaction in Own Shares
GL
06/28European ADRs Nudge Lower in Tuesday Trading
MT
06/28Ceres Power to Deliver Solid Oxide Electrolyzer Demonstrator for Shell's Research Cente..
MT
06/27ClientEarth v Shell – The Beginning For Climate Change Litigation In The UK?
AQ
06/27Transaction in Own Shares
GL
More news
Analyst Recommendations on SHELL PLC
More recommendations
Financials (USD)
Sales 2022 370 B - -
Net income 2022 34 431 M - -
Net Debt 2022 35 830 M - -
P/E ratio 2022 5,86x
Yield 2022 3,77%
Capitalization 195 B 195 B -
EV / Sales 2022 0,62x
EV / Sales 2023 0,64x
Nbr of Employees 82 000
Free-Float 99,9%
Chart SHELL PLC
Duration : Period :
Shell plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHELL PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 26,53 $
Average target price 33,86 $
Spread / Average Target 27,6%
EPS Revisions
Managers and Directors
Bernardus Cornelis Adriana Margriet van Beurden Vice President-Manufacturing Excellence
Sinead Gorman Chief Financial Officer & Director
Andrew Stewart Mackenzie Chairman
Harry Brekelmans Director-Technology & Projects
Yiu Kiang Goh Deputy Chairman
Sector and Competitors
1st jan.Capi. (M$)
SHELL PLC34.67%195 376
SAUDI ARABIAN OIL COMPANY19.37%2 206 354
PETROCHINA COMPANY LIMITED7.49%139 126
TOTALENERGIES SE13.49%133 803
PJSC GAZPROM-13.42%129 727
EQUINOR ASA41.59%105 327