It’s simple. We create value by cutting costs and jobs and buying back stock.
This will work until the end of time and nothing else is needed. We are an infinite bottomless revenue machine. As soon as we own all of the float we go infinite.
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Shell is a lot of things. Quite honestly, with about 100,000 employees it is a full spectrum of behavior and people ranging all the dimensions from good to bad. There are a fair number of great people doing great things and treating people well. The problem is that they are often overshadowed by the negative repercussions from people with less pure intentions. The selfish and the empire builders seem to be more memorable. In my humble opinion, if you can find one of the teams that is filled with the good and ethical folks, then latch on to that team and try to stay with them as long as you can. My last team with Shell was the unethical variety, I just couldn't navigate my way back to a good team before separating with Shell, That being stated, too many workers for the production and way too many managers for the number of workers, and way too few decision makers willing to make any decision. But the severance is great!
@129
I think it comes down to Shell being a European company and too environmentally friendly. Best thing for Shell would be to move to the US permanently and overtime cut ties with Europe outside of having operations there. They need to remove net-zero emissions targets and put revenue/profits before climate change actions. Get back to exploring for oil and gas reservoirs.
Leaders managing with the exclusive purpose of aggrandizing themselves while they ruin the organization in their charge seems to be a common and acceptable theme these days.
They don’t do it in a vacuum; they have enablers that allow their behavior - which is the worst part.
To answer the original post, shell was an ok company with too much process, but looked after staff.
Now Wael has taken over and it’s run only to maximise his pay packet by share buy back.
In the long run it will decline because of YLs priorities (himself) and job prospects will be bad unless you’re in a cheap wage country.
Best company ever!! Provided 18 years of amazing experience and top tier compensation followed by a severance package that was the equivalent of winning the lottery and retired by 40!!! GO SHELL!!!!!!
@mh I need one of those Shell pins Wael wears on the conference calls.
The logical result of infinite cost cutting is liquidation. One guy manning a laptop with an AI app can handle the slow glide to the logical conclusion. Think we know who that is.
As for me, I’ll be self-cutting my own cost by bailing for a job with aspirational opportunities asap.
SIGN ME UP!
yes. we must stay the course and not worry.
as soon as wael fires all employees except for himself, sells all assets, and buys all stock float, we win
I wish there was some actual analysis of the buyback strategy. How do we know when to stop? What is the end game? Share price of 80?