Shell Overhauls Business Units After New CEO Takes Over
- Energy major will combine integrated gas, upstream divisions
- Downstream and renewables businesses will also be merged
This article is for subscribers only.
Shell Plc’s new chief moved to overhaul the energy major’s core business units just a month after taking the helm.
Shell will combine its integrated gas and upstream divisions, and merge its downstream and renewables units, it said Monday. It’s the second significant announcement in a week after Chief Executive Officer Wael Sawan launched a strategic review of the company’s struggling European home-energy retail unit.