CM – Shell jumps on report Third Point owns over $ 500 million in Shell ownership

0 – Shell (NYSE:


) rose 3.5% on Wednesday after the Wall Street Journal reported that Third Points owns more than $ 500 million in the company and is pushing for a split.

The Journal reported, the activist hedge fund wants the company to split its business into two parts – one to do the legacy oil and gas exploration businesses and the other to focus on renewable energies that require high investments.

Oil companies like Shell, Exxon -Mobile and Chevron (NYSE:


) are facing increasing pressure from investors and green activists to reduce their reliance on fossil fuel businesses and provide a clear roadmap to achieve the same. European companies like Shell have responded faster compared to their American competitors.

With ESG now the focus of attention in most countries and corporate boards, companies that do not face difficulties, governments, regulators and activists to respond.

In a transaction announced in August, BHP (NYSE:


) is handing over all of its oil and gas facilities to Woodside (OTC:


) Petroleum (ASX:


) against a stake in the Australian company. The deal does not mark a clean departure from BHP to fossil fuels, but it does at least reflect pressure on such companies to take steps that reflect their commitment to the cause.

We encourage you to use comments to communicate with users in Get in touch, share your perspective, and ask questions of writers and each other. However, in order to maintain the high level of discourse that we all value and expect, please consider the following criteria:

Spam or abusive offenders will be deleted from the website and excluded from future registration at’s discretion.

Insert a picture here or
Upload from your computer
Supported formats: * .jpg, * .png, * .gif up to 5mb

Risk Warning: Fusion Media assumes no liability for any loss or damage that arises from reliance on the information contained on this website, including data, prices, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Forex trading on margin carries a high level of risk and is not suitable for all investors. Trading or investing in cryptocurrencies carries potential risks. The prices of cryptocurrencies are extremely volatile and can be influenced by external factors such as financial, regulatory or political events. Cryptocurrencies are not suitable for all investors. Before deciding to trade forex or other financial instruments or cryptocurrencies, you should carefully consider your investment goals, level of experience and risk tolerance. Fusion Media would like to remind you that the data contained on this website is not necessarily real time or accurate. All CFDs (stocks, indices, futures) as well as forex and cryptocurrency prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data. Fusion Media may be compensated by the advertisers appearing on the site based on your interaction with the advertisements or advertisers


Third Point Management,Royal Dutch Shell,Daniel S. Loeb,New York Stock Exchange,NYSE:RDS.A,Finance,Third Point Management, Royal Dutch Shell, Daniel S. Loeb, New York Stock Exchange, NYSE:RDS.A, Finance,,,,,,

Donnez votre avis et abonnez-vous pour plus d’infos



[supsystic-newsletter-form id=4]

Vidéo du jour: