Shell boss resists activist’s break-up plan and says oil giant still need fossil fuels November 4, 2021 Shell’s chief executive Ben van Beurden will not split the oil giant into multiple companies, going against what is being pushed for by majority shareholder Third Point. Van Beurden told the BBC the oil giant’s green transition can only be funded by fossil fuels. “At this point in time [the cash] comes from our legacy [...]
Third Point calls to break up Shell after acquiring a $750m stake October 27, 2021 Wall Street hedge fund Third Point has called to break up Royal Dutch Shell after acquiring a $750m majority stake in it. Third Point is urging the oil giant to split up into multiple companies to increase its performance and market value, accusing Shell of having an “incoherent” set of strategies for its businesses, a [...]