The FX PostThe FX Post
    What's Hot
    7.8

    PipsAlert Review

    June 7, 2023
    8.0

    Forexero Review

    June 5, 2023
    7.2

    Jet-Bot Crypto Copy Trading Review

    June 3, 2023
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Activist Fund Third Point With Majority Stake in Shell Urges for Break-Up
    Indices News

    Activist Fund Third Point With Majority Stake in Shell Urges for Break-Up

    October 28, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Shell, logo
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Daniel Loeb’s Third Point LLC takes over a majority stake in Royal Dutch Shell Plc and is encouraging the oil giant to split into two companies to retain and attract investors.

    • The activist is the latest to urge a major oil firm to change its strategic focus, as the companies face calls to cut fossil fuel investments and invest in renewable energy amid climate change worries.
    • Third Point’s equity stake is valued at over $500 million, making the hedge fund one of Shell’s biggest investors.
    • In a letter to its investors, Third Point stated that Shell should try to create two stand-alone companies: one with legacy businesses and another that houses renewables and other units requiring significant investment.
    • Among its peers, Shell has been faster-moving in terms of remaking its business and reducing emissions than its peers such as Exxon.

    Shell has a market value of close to $200 billion. Third Point estimates that a new company including Shell’s liquefied natural gas, renewables and marketing businesses.  

    RDS.A up +2.27%

    Source: The Wall Street Journal.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Shell
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    9.2

    System Levels Review

    May 26, 2023
    European Central Bank

    Christine Lagarde Solidifies ECB’s Message on Combating Inflation

    June 28, 2022
    Salesforce-backed front

    Salesforce-Backed Front Valued at $1.7 Billion in Financing Round

    June 28, 2022
    G7 countries to hit Russia

    G7 Countries to Hit Russia With Brand-New Assents

    June 27, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    59  +    =  69

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • PipsAlert Review
    • Forexero Review
    • Jet-Bot Crypto Copy Trading Review
    • Diabolo.io Crypto Robot Review
    • Social Trader Tools Review
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.