British multinational oil & gas giant, Shell Plc has threatened to delist from the London Stock Exchange and list on the New York Stock Exchange
A couple of days ago, we reported that scores of beleaguered solar companies in Europe are fleeing the continent amid intense competition from China and setting up shop in the U.S., thanks to the latter’s favorable solar and clean energy policies. Notably, Swiss solar module maker Meyer Burger has announced plans to wind up panel production in Germany and move to the United States after failing to garner support from the German federal government.
In 2021, former CEO Van Beurden declared that oil prices would remain low forever, and aimed for an expected reduction in oil production of around 1% to 2% each year until 2030. Whereas his successor ditched that goal last year, Shell’s total oil and gas production in 2030 is expected to be roughly the same as in 2022. In contrast, Exxon’s oil output alone is set to grow at a 7% compound rate thanks to investments in Guyana as well as its recent $60 billion takeover of Pioneer Natural Resources.
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