Shell CEO Says Cutting Oil and Gas Production Is Not Healthy
- CEO Wael Sawan says oil and gas demand is here to stay
- European oil majors are leaning into most profitable business
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Shell Plc’s new boss said cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy security.
“I am of a firm view that the world will need oil and gas for a long time to come,” Shell Chief Executive Officer Wael Sawan said in an interview with Times Radio on Friday. “As such, cutting oil and gas production is not healthy.”