Pure solar/wind generation lacks the complex systems integration and big-project management where integrated energy companies have competitive advantage. Shell tried renewable generation in…

Gas has a structural growth runway through the 2040s driven by coal-to-gas switching in Asia and the need for firming capacity to back up intermittent renewables. Oil products demand peaks…

New compute-intensive workloads (generative AI, crypto mining) are adding incremental electricity demand that was not forecasted in transition models just a few years ago, supporting oil an…

Over 50% of EVs and renewable deployment occurs in China due to <$10k EVs and cheap solar panels. Western protectionist measures (tariffs, local content rules) will force higher-cost local…

Sawan explicitly states he wants to 'get a lot more understanding of fusion nuclear and where that is going,' indicating Shell is monitoring fusion as a potential future energy vector. This…