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A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James//File Photo Acquire Licensing Rights
ABU DHABI, Oct 2 (Reuters) – Shell (SHEL.L) has no plans to change direction in the oil major’s strategy, Chief Executive Officer Wael Sawan told the ADIPEC energy conference in Abu Dhabi on Monday.
“Ultimately the shareholder needs to make a judgment whether the low carbon energy options we’re putting in front of them are investable, and we need to be able to cover our cost of capital and make a return for our shareholders,” he said.
Reporting by Maha El Dahan, Yousef Saba and Alexander Cornwell; Writing by Ahmad Ghaddar in London, Editing by Louise Heavens
Our Standards: The Thomson Reuters Trust Principles.
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