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Dan Loeb’s Plan for Shell Requires a Delicate Touch

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• First, that is all concerning the multiples. Final yr, I wrote that Europe’s oil majors had been constructing inside energy-transition companies that, buried inside outdated company constructions, had been being valued like oil corporations — that’s, not extremely. Shell, which has moved additional than most on realigning its enterprise, trades at simply 4 instances ahead money stream. In the meantime, Orsted AS, the Danish oil-and-gas firm turned wind wunderkind, trades at 18 instances. The largest conundrum dealing with oil majors with transition methods is persuading non-oil buyers to worth these outdated behemoths as inexperienced pioneers. Separating the 2 companies is activism 101.

https://www.washingtonpost.com/enterprise/vitality/dan-loebs-plan-for-shell-requires-a-delicate-touch/2021/10/27/94e78e2e-3760-11ec-9662-399cfa75efee_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Dan Loeb’s Plan for Shell Requires a Delicate Contact

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