Shell plcCEO warns of long-term price rise due to supply decline and growing demand, benefiting Shell's core oil business.
Shell CEO Wael Sawan warned that oil and gas prices are headed higher over the longer term, driven by rising global energy demand and annual production declines of 5% to 7% from existing sources. Speaking at a Wall Street Journal conference, Sawan emphasized that clean energy alone will not be enough to meet growing demand, with oil and natural gas still accounting for 32% of global energy demand in 2025 according to the International Energy Agency. Shell is refocusing on its core oil business after a brief pivot toward clean energy, and its dividend is growing again with a yield of 3.6%. The article also highlights integrated energy peers ExxonMobil, Chevron, and TotalEnergies as solid options for investors seeking energy exposure, noting Chevron's 3.7% yield and TotalEnergies' 5% yield.
Shell plcCEO warns of long-term price rise due to supply decline and growing demand, benefiting Shell's core oil business.
Exxon Mobil CorpMentioned as integrated energy peer benefiting from higher oil prices.
Chevron CorpMentioned as integrated energy peer with solid yield, benefiting from higher oil prices.
TotalEnergies SEMentioned as integrated energy peer with high yield, benefiting from higher oil prices.
NVIDIA Corporation