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Wall Street Journal (November 16)

2021/ 11/ 17 by jd in Global News

Royal Dutch Shell will abandon its complicated dual British/Dutch structure, moving its headquarters to London. The move is being made to “help facilitate returns to shareholders and make it simpler to change up its portfolio of assets” as it transitions to low-carbon energy. The move should also improve the company’s “flexibility to buy back shares.”

 

The Economist (July 6)

2019/ 07/ 08 by jd in Global News

A profound “energy transition is under way: from fossil fuels to clean energy. Of all the oil majors, Shell’s attempts to navigate it…are the most intriguing.” With a $52 billion acquisition of BG Group, Shell became “the biggest listed gas producer” while its oil reserves have dropped “lower than those of its Western peers…. Shell is bolder than its rivals in forecasting huge global demand for clean power over the next 30 years. And it is the only firm to link its executive’s pay to progress in reducing emissions across its operations.”

 

The Economist (October 3)

2015/ 10/ 04 by jd in Global News

“Shell’s retreat from the frozen north shows the new realities of ‘big oil.’” Shell announced its withdrawal from exploration in the Chukchi Sea where it had already invested $7 billion on a single exploratory well. “The decision boiled down to costs, financial and reputational. Most big oil firms face similar pressures” and appear likely postpone costly Arctic drilling.

 

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