Re:Shell to install 100K charge points in the UK by 2030
by skippyboxedhero on Saturday May 14, 2022 @11:10AM
(#31378701)
It is a strange turnaround. Ten years ago, they were regarded as comically mismanaged.
But I think what happened was: top tier firms like XOM did well, the market started softening in the mid-2010s, the top tier were more exposed to that, Shell had already botched it so they couldn't really get any worse, they were therefore in a fairly good place to latch onto new trends because they weren't fire-fighting.
Tbf, their returns haven't been much different to XOM except over the last year. I don't really invest in natural resources but have been considering SHEL as a diversifier (I am down very bad on everything else) because they do seem to be switched on (and are being pushed by Third Point).
But I think what happened was: top tier firms like XOM did well, the market started softening in the mid-2010s, the top tier were more exposed to that, Shell had already botched it so they couldn't really get any worse, they were therefore in a fairly good place to latch onto new trends because they weren't fire-fighting.
Tbf, their returns haven't been much different to XOM except over the last year. I don't really invest in natural resources but have been considering SHEL as a diversifier (I am down very bad on everything else) because they do seem to be switched on (and are being pushed by Third Point).