Shell needs big discovery or deals as oil, gas reserves dwindle

Core Viewpoint - Shell is projected to face a production shortfall of 350,000 to 800,000 barrels of oil equivalent per day by 2035 due to maturing fields, necessitating an acquisition or exploration breakthrough to compensate for this decline [1] Production Outlook - The expected production shortage is attributed to the inability of maturing fields to meet future demand [1] - The range of anticipated shortfall highlights the urgency for Shell to explore new opportunities or acquisitions to maintain production levels [1] Strategic Needs - To address the production decline, Shell must focus on either acquiring new assets or achieving significant breakthroughs in exploration [1] - The company’s strategy will likely need to adapt to ensure sustainable production levels in the coming years [1]