Activist Investor Sets Sights On Breaking Up Shell

The trend is clear: activist shareholders in the energy industry are making waves. This time, the target is Royal Dutch Shell. Activist investor Dan Loeb, through Third Point LLC, holds a $750 million stake in Shell, according to Bloomberg sources. Third Point, in a letter last Thursday, said that Shell would benefit from splitting off certain divisions. According to the investor, it would be beneficial for Shell to split off its LNG and renewables divisions, leaving Shell’s upstream, refining, and chemicals operations to be separated from…