LSE:SHELOil and Gas
Shell Arbitration Risk And Leadership Shake Up In Investor Focus
Shell faces a potential arbitration payout of $2b to $4b related to the Karachaganak oil field in Kazakhstan after an adverse ruling on cost recovery.
The company is reshaping its leadership, with executive departures and a smaller executive committee aimed at tighter alignment between technical and commercial functions.
Both the legal exposure and the leadership overhaul are material developments for Shell and its partners in the Kazakh project.
For investors watching LSE:SHEL, these...