Big Oil’s big identity crisis

Big Oil is under pressure to clean up its act CREDIT: MARY ALTAFFER/AP

Europe’s largest oil super-major is not really an oil company, according to the boss of Royal Dutch Shell.

This is just as well for the energy giant, which plans to halve its carbon emissions within the coming decades as it bids to bring its offering in line with the global war on climate change.

“If anything we are more a gas and oil company, and on top of it, of course, we are a much broader energy company, as well,” Ben van Beurden insists.

The Anglo-Dutch behemoth now owns a US solar company, and one of the largest challenger brands within the UK household energy supply market, First Utility. These are part of its plan “to keep pace, and catch up with, society’s progress” towards goals of…

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