Everything is now in deep flux. The staff knows that he knows that Wael is a not the future and just a figure head awaiting a Payola. He has kneecapped all competition and has not created a company for the future
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does anyone else laugh like a hyena anytime wael says that “we may up our risk appetite for market opportunities”?
bro has taken zero risks. and he even said it again with trump in the room after the XOM ceo said it’s uninvestable.
all talk, no walk
Murray was an unusual case. A colonial put in charge, making impactful decisions that turned out terribly, a problematic personal relationship (even though these things at bp go back at least to the E.L.F. and his prost---te boyfriend, and probably even further back), a board that clearly was not on his side but somehow were convinced they might be able to tolerate this pompous empty suit, and the catalyst of an activist investor who actually cared about earnings.
How does this line up with Wael's predicament? Well, Shell is salivating at the prospect of picking at PdVSA's carcass, meanwhile XOM publicly declared Venezuela uninvestible. Who knows better, XOM the gold standard in project execution, or Shell the desperate starving DEI-addled bottom feeder?
If Shell moves forward with positions like these, and at least doesn't demonstrate the speed and quality of its assessments, it evidences there is no one on or adjacent to the board who will stand up to Wael.
He's not going anywhere.
Your trouble is that you're trying to look at this logically.
In Starwars Obiwan said, "trust your feelings, use the force."
See it works! Don't forget that in the investor report they quantify the monetary value of "brand value" That's how good people feel. Just because you cannot sell it doesn't mean it has no monetary value... You can say that brand value went up... see everyone is happy, trust your feelings, use the force.
you’re naive. you must benchmark prices relative to competitors and then look at other metrics like EBITDA and EPS.
shell is SHRINKING in revenue and earnings and market cap. exxon is not. all that wael has done is boost earnings per share (EPS) by cutting current spend (that’s part of the numerator) and reducing the number of shares with buybacks ( that’s the denominator)
this won’t work forever and cripples the company so he can meet quarterly bonus EPS based goals. what has he even done besides fire people and up the stakes in proven reserves? answer - nothing. no new opportunities on the shell, only doubling down on the old and cuts to keep up his scheme.
he has chosen to try to quietly shrink us and make his bonus. but it investors noticed. wake up. average ceo tenure is 4 years, he is close. tick tock.
@OP Shares in the US have gone up about $12/share in the last 1.5 years. That's not exactly "failing to rise."
You know those bobble head toys that when you nudge them they nod “yes”? That’s our current Board of Directors when Wael stands up at mtgs and starts talking. Guidance, stewardship, testing validity of proposals? No, just nudge the Board.
Shareholders love the Share buyback strategy. So Wael will keep doing what he is doing with full boardroom support.
Wael is doing everything to set us for a successful future … you just can’t see it because you think the world works like in the 80s
Sure. 🙄 https://stocks.apple.com/Ay5q4eF1ETt-5CXCpLHo_uA