30 Jan '18, 5pm

Will Shell Turn From Big Oil Into Big Energy?

On the surface, the good times are back for Big Oil . Later this week, Shell is expected to unveil its biggest profits in a decade since the oil price crash. As the oil price recovers to over $65 a barrel last year, so do Shell's fortunes, with reported earnings of nearly $16 billion. The days of Shell being on the rocks—pummeled by a low oil price—seem over. So much so that the company even has Big Oil's number one, Exxon , in its sights. Exxon's reported earnings are expected to be slightly lower than Shell's at a still significant $15.7 billion. As Shell's CEO Ben van Beurden recently said, "At the moment we are number two and we are closing in on number one. We almost have the tiger by the tail." As the two Big Oil companies battle it out for the number one spot, it is worth taking a step back and worth asking who will win the energy war not just in the next year, but ...

Full article: https://www.ecowatch.com/shell-oil-renewables-2529972529....

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