Speeches 2005

Shell's strategy to fuel the future

11/11/2005

Based on a speech given by Jeroen van der Veer, Chief Executive Royal Dutch Shell plc, to the IMD CEO Roundtable, Lausanne, 11 November 2005

Based on a speech given by Jeroen van der Veer, Chief Executive Royal Dutch Shell plc, to the IMD CEO Roundtable, Lausanne, 11 November 2005

Global energy needs are expanding and changing rapidly. Energy markets are volatile. Developing new supplies presents increasing challenges, and we must find ways of dealing with carbon dioxide emissions. Energy companies require stronger capabilities. The recent creation of Royal Dutch Shell plc provides clear, simple, efficient and accountable governance for the Shell Group. Business organisations have been globalised. Shell strategy is 'more upstream and profitable downstream'. More upstream means focusing investment on longterm, high-return projects to develop oil and gas resources, and grow Shell's leading liquefied natural gas business. Downstream it means generating more cash by reshaping an integrated oil products and petrochemicals portfolio to enhance operations and focus on growth markets, particularly in Asia.

Shell's strategy to fuel the future (pdf, size 99 kB) - opens in new window