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Shell stock hits 25-year low following rollout of green initiatives

10/7/2020

(Bloomberg) - Royal Dutch Shell dropped to the lowest in 25 years a day after announcing a companywide overhaul, demonstrating the scale of the challenge the biggest oil companies face convincing investors about their green ambitions. Along with its European peers, Shell is embarking on a transformation to become a cleaner, greener company with much fewer assets in oil by the middle of the century. While many investors have welcomed the new direction, others question a pivot into less-profitable renewables Shell’s B shares closed at 907.3 pence on Thursday, the lowest level since November 1995. It’s London-based competitor BP Plc also fell to a 25-year low for a second week running, closin

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