Wall Street Journal article confirms Shell is mulling a sale of its Chemicals assets. Which begs the question…what does Shell want to become? Merely a bank?
8 replies (most recent on top)
We got cow po-p gas and Nature energy and still have some nerd write a manifesto on yammer about how he's quitting because of the "This is Shell" vision being bad for the climate.
All misplaced priorities….sell C+P but keep loss making low carbon businesses like cow-po-p-to-natural-gas, what a stellar way to build reserves. Sell Permian and North Sea but buy Nature Energy…just amazing
What is happening... Complete chaos...Why sell? They should vote for these decisions.
as I have said many times, they know zero strategies besides cutting and copying
wael is simply doing whatever he has to in order to game some metrics that boost his compensation. there is no concern for the long term health of the company. there is only cut cut cut
absolutely Y E S to any rumor of shell selling assets. it’s the only thing our leadership has done at scale for a decade
Short sighted decisions. Wael, Exxon ain’t selling any of their chemical operations. Ain’t you a copy cat? You got to take advice from a banking firm. Grow a pair and lead!
The fact that Trading and Supply was separated from Downstream in the latest shuffle gives smoke to the rumors. I could see them selling more assets in C+P business.
This is what Grok thinks will happen to the Shell workforce by 2035:
Workforce Composition in 2035 (10,000 Total)
Alignment with Plan: Secure resource control and regulatory flexibility (Points 3 and 4), relying on a small, high-skill team and technology.
Upstream Elite: Reduce oil and gas operations to top-tier assets (e.g., Gulf of Mexico, Brazil pre-salt), run by ~3,000 staff with autonomous rigs and drones. LNG terminals operate near-fully automated (~1,000 staff).
Transition Leadership: Hydrogen and biofuels managed by ~2,000 specialists, with production outsourced or partnered. Retail and EV networks fully contractor-run, needing ~1,000 Shell overseers.
Corporate Core: A skeletal HQ of ~3,000 handles strategy, lobbying, and finance, using AI for regulatory modeling and investor relations (e.g., predictive carbon policy tools).
Final Cuts: Eliminate remaining middle management and legacy roles (~10,000) as digital twins and IoT manage assets end-to-end.
Outcome: By 2035, Shell is a compact, tech-driven titan, with 10,000 employees—engineers, strategists, and executives—overseeing a vast, outsourced empire.
Yes, yes they do. NOV + Trading