Shell’s new CEO Wael Sawan used his firm’s Capital Markets Day in New York on 14 June to appeal directly to potential US investors – in part by touting greater efficiencies but also by in part rowing back on the power-focused energy transition strategy of predecessor Ben van Beurden.
Upstream oil and gas will remain the firm’s core revenue earner into the 2030s and beyond with Shell “looking to invest in the oil and gas the world needs,” Mr Sawan says. (CONTINUED - 432 WORDS)
