Shell's mixed update pushes LNG to top of the agenda
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Shell PLC plans to expand its LNG business by 20-30% by 2030, aiming for it to account for nearly a third of its upstream output. However, recent weaknesses have raised concerns among shareholders about this strategic move.
January 08, 2025 | 12:00 pm
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Shell plans to significantly expand its LNG business, but recent weaknesses have led to shareholder concerns about this strategy.
Shell's announcement to expand its LNG business by 20-30% by 2030 is a significant strategic shift. However, recent weaknesses in the company's performance have led to shareholder concerns, potentially impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100