Shell plans to restructure the way it runs its hydrocarbons and renewables businesses as part of changes being made under new chief executive Wael Sawan to improve performance and bring the company’s low-carbon initiatives into a single division.
The moves, which include splitting Shell’s integrated gas, renewables and energy solutions division, represent the second internal restructuring at the company in three years as it seeks to navigate the energy transition.
The gas business, which includes the world’s largest liquefied natural gas trading operation, will be combined with the company’s oilfields in a new Integrated Gas and Upstream division, headed by current upstream director Zoe Yujnovich.
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