Shell’s revamped strategy is a ‘successful failure’


Shell CEO Wael Sawan. — Bloomberg

IN 1970, the National Aeronautics and Space Administration (NASA) described the Apollo 13 mission as “successful failure” after safely returning the spacecraft to Earth following an explosion halfway to the Moon.

The same term can be applied to European oil giant Shell Plc’s nearly two-year-old strategy, which got an important refresher Tuesday.

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