Part of our ongoing satirical reading of the Shell Annual Report — so you don’t have to. Strategic clarity achieved through the careful arrangement of reassuring phrases
Another year, another Shell annual report.
For the uninitiated, the Chairman’s Statement is the part of the report where the company reflects on global events, celebrates strategic achievements and reassures investors that everything is proceeding according to plan — even when the plan appears to change every year.
Dear Shareholders,
The past year has been one of continued complexity.
Geopolitical tensions persisted, energy markets remained volatile, and the global energy transition continued to develop in ways that are both urgent and extremely inconvenient for companies whose profits depend on hydrocarbons. read more
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