Analysts Expect Shell to Focus on LNG and Oil in Strategy Update

Shell is holding its Capital Markets Day on Tuesday in New York—and analysts expect Chief Executive Officer Wael Sawan to reaffirm the UK-based supermajor’s new focus on oil and gas. Shell was one of the first European majors to pivot back to oil and gas in a 2023 strategy to continue investing in oil and gas production and selectively pour capital into renewable energy solutions. Shell’s Sawan has said that reducing global oil and gas production would be “dangerous and irresponsible” as the world still needs…