Shell: Splitting Up Oil, Renewables Won’t Work

Splitting up Shell’s oil and renewables divisions would not work as the supermajor’s strength is the integration and funding new energy solutions with the earnings from the legacy business, the company’s top executives said on Thursday, a day after an activist investor called for breaking up the major into separate companies.   Activist investor Third Point built a position in Shell in the second and third quarters, and said on Wednesday that it would be beneficial for Shell to split off its LNG and renewables divisions,…