New Shell CEO Reorients Company Back Toward Oil And Gas. AIA Weekly Report 6-17-23

Shell has a $160 billion dollar valuation gap between itself and Exxon. This was due to Exxon staying focused on its core competency, extracting oil and gas. Shell got caught up with ESG nonsense.

As I forecasted when they went down this road a few years ago, eventually the bottom line is the bottom line and the returns in ESG investments are not comparable to those in oil and gas.

Japan has set a new post-Fukushima nuclear generation record this year.