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Royal Dutch Shell has opted to distribute $7billion to shareholders from capital raised in the sale of its Permian assets, as the oil major vowed to half its emissions by 2030.
Shell has vowed to halve so-called Scope 1 and 2 emissions from its operations by 2030 against their 2016 levels, on its way to becoming a net zero business by mid-century.
Shell Q3 earnings fall short of estimates despite boost from rising energy prices
On Wednesday, Loeb's Third Point Capital LLC said it had amassed a sizable stake in Shell and would push to break up the company.
Billionaire Dan Loeb’s Top 10 Stock Picks Dan Loeb’s Hedge Fund’s Returns Daniel Seth Loeb is an American billionaire and hedge fund manager who founded Third Point Management in 1995. As of the end of 2020, the New York-based hedge fund has over $13 billion in managed securities. The 59-year-old billionaire whose worth stands at $3.6 billion proved his stock-picking skills in 2020 as his hedge fund gained 7.2% in December and 20.6% in 2020. When the hedge fund industry was getting clobbered by the short squeeze initiated by retail and Reddit investors, Third Point was gaining as the fu...