Shell Goes Back to the Future With Fossil Fuels: The London Rush
Shell CEO Wael Sawan speaks during the CERAWeek by S&P Global conference in Houston, Texas on March 9, 2023.
Photographer: Aaron M. Sprecher/BloombergThis article is for subscribers only.
As Shell’s new chief executive travels to the US and aims to sway Wall Street investors, the company has renewed its pledge to pay higher dividends. The oil giant is also pivoting back toward oil and gas, risking more wrath from green activists. Back in Britain, the economy is showing signs of recovery, with GDP growing in April, even as the housing market faces turbulence.
Here’s the key business news from London this morning: