Shell Plans to Boost Upstream, Gas Business, May Sell Chemical Assets [Yahoo! Finance]

BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
month after rival BP announced it would invest more in oil and gas in a pivot away from its low-carbon strategy Shell also raised the potential of selling its chemical assets as part of its efforts to improve returns. Shell also said it wants to expand liquefied natural gas (LNG) sales by between 4% and 5% yearly through to 2030. Shell ( SHEL ) said it is planning to grow its upstream and integrated gas business by 1% annually through 2030, a month after rival BP ( BP ) announced it would invest more in oil and gas in a pivot away from its low-carbon strategy. Shell said the increase in its upstream and integrated gas business would allow it to sustain its “1.4 million barrels per day of liquids production to 2030 with increasingly lower carbon intensity.” The London
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BP
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- 2/12/25 - Miss
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