Shell’s execs highlight importance of integration after activist fund calls for break up

摘要

Shell’s executives highlighted the importance of an integrated business to executing its energy transition strategy during its Q3’21 results presentation on Thursday, with the remarks coming a day after activist fund Third Point said splitting the Anglo-Dutch major would deliver better value for shareholders and accelerate the firm’s emissions reductions drive. Shell, which failed to top its Q2’21 profit in Q3 despite oil and gas prices surging quarter-on-quarter, also announced an absolute emissions reductions target to 2030.