SHELL is gearing up to release more details about the financial performance of its cleaner energy and power business, although management cautioned this remains in growth mode and investors will need to judge it differently to the company's traditional oil & gas and refining units. The renewable and energy solutions (RES) segment, formerly known as new energies, currently reports under the integrated gas unit, which has clouded in-depth assessments of Shell's low-carbon operations. Shell's fourth-quarter 2021 results released on 3 February were the last in which the RES business reported in that way. The integrated gas unit reported fourth-quarter adjusted earnings of $4.05 billion, up from $1.68 billion in the same period a year earlier, buoyed by natural gas prices that have soared as economies recover from the pandemic.
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