WSJ: Oil Giant Shell’s Pivot to Electricity Could Bring Investors Less Sizzle
July 15,2019
The Wall Street Journal reports on Shell's increasing entry into the electricity space, with its previously stated goal of being the world's largest electric company
As noted by EnergyChoiceMatters.com (more details here), Shell has stated that it sees potential returns of 8-12% for its integrated power business. Shell is targeting 5 million retail customers by 2025, has affirmed the USA as core market for its electricity business, and has touted the Shell brand, and its millions of customer interactions, as part of its retail energy strategy.