Disclaimer: This article is commentary and satire based on publicly reported information. It includes opinion, criticism, and parody. Site wide disclaimer also applies.
Shell, previously known as Forthdeal Limited, subsequently as Royal Dutch Shell plc, and now hiding in plain sight as Shell plc after ditching the disgraced Royal Dutch moniker, has reportedly marched back into the headlines with another sermon from the high altar of hydrocarbons: oil markets, we are told, may take “a year, if not longer” to return to equilibrium.
Translation for ordinary mortals: buckle up, keep paying, and please admire the corporate gravitas while the till keeps ringing.
According to Reuters, Shell chief executive Wael Sawan warned that restoring balance to the crude oil market after the Iran/Persian Gulf disruption will not be a quick job. The Wall Street Journal also reported Sawan’s broader message: oil and gas prices may keep rising even after the immediate conflict eases, because the world’s hunger for energy is still growing, easy resources are harder to find, and governments are now treating energy security as national security.
Here’s the latest on Shell plc’s plan to move its listing to New York — with an investigative, critical lens.
“A persistent reputational risk.” — Shell internal memo, 2007
Shell’s plastic palace, the “brilliant basics,” and the slow-motion corporate moonwalk toward the exit
