“Courts, customers and Wall Street delivered rebukes to Exxon Mobil, Chevron and Shell”… Oh my!
I hate to spoil the party. Because the demand for oil won’t fall. So how will the court do this? What is going to happen is that Shell will try to get rid of even more of the part of the portfolio it does not want. It just so happens that like most big companies there are some past investments that perform – less than stellar. Time to clean house and have some excuses for past misdeeds handy.
