Dismantling Ben's pipe dream ..... going in the right direction ....

Shell (SHEL) will lay off about 15% of the workforce in its low-carbon solutions division and reduce its hydrogen business, Reuters reported on Wednesday, citing the oil and gas company.

Shell will eliminate 200 jobs next year and is reviewing another 130 positions as part of an effort to reduce the headcount in the division, which has about 1,300 employees, the report said, citing the company's response to a query from Reuters.

Some of these positions will be integrated into other parts of Shell, which employs more than 90,000 people, the report added.

Shell plans to sharply reduce its hydrogen light mobility unit, which is part of the low-carbon solutions division and will merge two of the unit's four general manager roles, the report said.

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If you leave the bubble point you’ll find the future.

"The future is clear and it’s not oil."
Right, is it fairy dust or hugs and kisses?

The retraction from the future is a short term move. The future is clear and it’s not oil. All the M&A activity is just a quick win.

While Exxon buys pioneer and chevron buys Hess, here we are continuing fking around lol

I welcome this announcement as a shareholder. Cut all the alternative energy business units and focus on the parts of the company that ACTUALLY create value.

Energy transition be damned, I want my dividends maximized.

What a bunch of incompetent leaders - Van Buerden, Voser, who have the hundreds of millions while decimating the company and careers of thousands with no accountability. Shell will NEVER attract the best talent that it once commanded in the US and the Asians will figure out soon enough. I am happily selling calls on my stocks and getting out.

This really makes reshape look great and selling Permian a perfect move. Both current and former CEOs will not be looked on well by the fullness of time.

In terms of shock this is Joeffry executes Ned Stark……. The Red Wedding moment arrives when P&T makes its announcements, specifically IDT.

Don't expect any news until the Q3 results announcement. After that, gloves are off.

Great to see some news finally coming out, but still nothing official about the rest of the company. It would be good to hear the fate of the other BUs under the pecten, even if it’s rumor at this point.

Thread regarding Shell Oil layoffs

Dismantling Ben's pipe dream ..... going in the right direction ....

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