For big oil, green is out, black is back
Shell pivots back to hydrocarbons looking to boost returns
Stay updated with breaking news from Van Beurden. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Shell pivots back to hydrocarbons looking to boost returns
(Bloomberg) -- Shell Plc’s new Chief Executive Officer Wael Sawan is adamant that the oil giant is undervalued compared to its US peers. Now he’s heading to New York in an effort to prove it. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files for BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesArm Courts Intel as Anchor Investor in Upcoming IPOChina Weighs Broad Stimulus With Property
Company's executive pay is driven metrics including safety and energy transition performance
Mary Mack led Wells Fargo Advisors from late 2013 until mid-2016.
Head of technology Saul Van Beurden will take over for Mary Mack, who plans to retire this summer. The appointment reflects the ever-increasing importance of digital channels in retail banking.