1155 GMT - Shell's leadership team have yet to prove they can navigate downturns in the cycle or successfully execute merger and acquisition activity, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. Despite developing a track record of improved results and consistent shareholder returns, questions remain over how management would navigate challenging periods, they write. In particular, it is unknown how well the company would be able to execute acquiring and divesting assets, they write. It is clear the balance sheet has been solidified ahead of downturns but Shell's management has a limited track record in this area, they add. Shares trade up 1.7% at 2,813.00 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 07:55 ET (11:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.