Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas

by | Sep 22, 2024 | Wind

Shell had been spending heavily in offshore wind, aiming to leverage its experience extracting oil and gas at sea to become a leader in the technology. But soaring costs in the sector and a renewed focus on driving returns for shareholders under CEO Wael Sawan has led the company to back away from the energy source.

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Written by: Jane Doe, Senior Energy Analyst

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