Shell PLC could sell a stake in its renewable power unit or break if off as it focuses on oil and gas profits to boost shareholder returns. Read on.
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Discussions are still at an early stage, and there’s no certainty they will lead to a transaction, the people said. Shell may also consider introducing outside investors into some other operations such as its downstream assets, one of the people said.Article content It could also be seen as a concession to activist investor Dan Loeb, whose Third Point LLC fund built up a significant stake in Shell in 2021 and urged previous chief executive officer Ben van Beurden to break off its natural gas and renewables operations into a standalone business. There is a precedent for such a move — Italian oil giant Eni SpA has separated its renewable-energy assets into a unique entity called Plenitude.
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