Shell Set to Focus on LNG as Part of Future Growth Strategy

Shell plc (SHEL) is set to announce its strategy update on March 25 at the Capital Markets Day in New York about its focus on liquefied natural gas (LNG). This move will be followed by the company’s two-year efforts to streamline operations, cut costs and optimize its portfolio by divesting underperforming units. SHEL announced this move after its rival company, BP p.l.c. (BP) , successfully announced a “strategy reset” a month before. Analysts and investors are looking forward to the company’s growth plans ...