Doubling down in Permian which Shell gave away at the low of the market and buying into Guyana which Shell gave away without even waiting for an exploration well because of complete incompetence in our E&P leadership at the time. Meanwhile energy transition is proving to be a lot more expensive and is going to be much slower. At this point a Shell/BP merger is probably in the cards .....
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But what would the output be merging two dumpster fires together? I guess shell leadership would run the show since BP ELT are self eliminating and the ones that are left of a certain gender useless other than ba----g their way to the top
Merger makes sense - they need to do be doing something or will just fall to wayside. Aggressive production goals (for shell) from Wael and no spending or deals to back it up it seems