Shell’s New CEO Goes to New York to Show Oil Investors the Money
- Shell to hold capital markets day in US city on Wednesday
- CEO Sawan set to show a ‘ruthless’ drive for better returns
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Shell Plc’s new Chief Executive Officer Wael Sawan is adamant that the oil giant is undervalued compared to its US peers. Now he’s heading to New York in an effort to prove it.
At a presentation on Wednesday, Sawan will give investors their deepest view yet on how he will execute his vision for the company: to give better returns to shareholders and close the valuation gap with companies like Exxon Mobil Corp. and Chevron Corp.