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Shell's LNG Trading Head to Step Down Weeks After Posting $2.4 Billion Profit

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The long-time head of Shell's LNG, natural gas, and power trading unit is stepping down from his role just weeks after the company posted $2.4 billion in trading profits.

Just weeks after posting $2.4 billion in trading profits from liquefied natural gas LNG in the fourth quarter of last year, the long-time head of Shell’s LNG, natural gas and power trading unit, Steve Hill, is stepping down, the supergiant announced on Monday. Hill will officially step down from his position as head of Shell Energy on March 28 and hand control over to a successor that has yet to be announced, Reuters reports.

4 billion, thanks to strong LNG trading and optimization results. Related Two Countries That Could Break Putin's Gas Grip On Europe Trading profits have soared since Russia’s 2022 invasion of Ukraine, which has sparked a voracious appetite for LNG.

 

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Shell Earned $2.4 Billion From LNG Trading in Q4Shell earned $2.4 billion from liquefied natural gas trading in the fourth quarter of 2023, making up almost a third of its Q4 adjusted earnings.
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