Ben van Beurden’s Post

I’m happy to share that I have starting a new position as Senior Advisor at KKR! I am also happy to have recovered my old LinkedIn account, which I will now start using again in my new position. Looking forward to re-establish many old and valued contacts again. Ben

After nine years as Shell’s CEO and 39 years with the business in total, the time has come to step down. The end of my tenure in the most fascinating industry anyone could work in feels bittersweet. I also feel pride in the achievements I was part of, like completing the BG acquisition, helping to find solutions to climate change and starting Shell’s transition towards net-zero emissions. None of this has been easy. But it was meaningful and I was lucky enough to work with the most talented people – all working hard to provide the world with the essential fuels and energy of modern life. I am very proud of what we have achieved together. As of January 2023, Wael Sawan will take over as CEO, and continue to help deliver our #PoweringProgress strategy. Shell will be in great hands, and I wish him all the best. https://lnkd.in/e73wdcsC #ceo #business #energytransition

At the end of this month, I’ll step down as Shell’s CEO. In my latest interview, I look back at my time in the company and reflect on how we are set up well for the energy transition.  More here: https://lnkd.in/eJcgjT3n #energytransition #PoweringProgress

We continue to work with United Arab Emirates and the wider region to address the challenges of the energy transition. I am proud of the work we have done so far and honoured to receive this year’s Trailblazer of the Year Award from ADIPEC Exhibition and Conference. From our joint venture with ADNOC Group to supplying LNG and developing new initiatives and collaborations, Shell continues to use its knowledge, expertise and innovation to help support the UAE on its journey toward net-zero emissions.

Today we reported robust results for the third quarter of 2022 at a time of ongoing volatility in global energy markets. As we transform Shell for a low-carbon future, we are working closely with governments and customers to address their short and long-term energy needs.  And we continue to strengthen our portfolio through disciplined investment. We completed the acquisition of Sprng Energy group, a leading renewable energy platform in India, helping us grow our integrated power business. In Malaysia, we took a final investment decision on the Rosmari-Marjoram natural gas project which will be powered primarily by renewable energy. We are also announcing a new share buyback programme. And we plan to increase the dividend per share for the fourth quarter, which will be paid in March 2023, by an expected 15%, subject to Board approval. Hear more from my colleague, Shell CFO Sinead Gorman. #ShellResults #PoweringProgress https://lnkd.in/eRaFcUYA

After a great 39-year career at Shell, I’ll step down as Chief Executive Officer at the end of 2022. Wael Sawan, currently Integrated Gas, Renewables & Energy Solutions Director, will take over from 1 January 2023.   It has been a privilege and an honour to have served the company for nearly four decades and to lead the business for the past nine years.   In my journey from LNG design engineer to CEO, I have been fortunate to work alongside so many talented people from diverse backgrounds – all committed to our goal of providing the world with the essential commodities of modern life. I am very proud of what we have achieved together.   And I have great confidence in Wael as my successor. He is a principled and dynamic leader, who I know will continue to help deliver our #PoweringProgress strategy purposefully and profitably. I wish him and his family all the best for the journey ahead.

On behalf of Shell staff in the UK, the Commonwealth nations and across the world, we offer our deepest condolences to the British Royal Family. We mourn the passing of an historic global leader of immense stature, courage and integrity. Her Majesty Queen Elizabeth II spent a life dedicated to serving the country and improving the lives of others. And for so many of us her loss will be felt personally. I was fortunate enough to meet Her Majesty and was always struck by her strength, kindness and ability to find common cause with those around her.

It was a pleasure being back at the ONS conference today to announce a breakthrough for carbon capture and storage. Northern Lights JV, a joint-venture between Shell, Equinor and TotalEnergies in Norway, has signed the world’s first commercial agreement to transport and store 800,000 tonnes of CO2 from Yara International’s ammonia and fertiliser plant in the Netherlands.   This agreement is a significant milestone in delivering our aim for an international, cross-border new business model that brings together supply and demand of CO2.   Carbon capture and storage can help to reduce emissions from sectors that are hard-to-decarbonise and it can also help Europe to achieve a net-zero emissions energy system. The milestone announced today can serve as an example for other CCS projects in Europe and, hopefully, around the world.   More: https://lnkd.in/e5ea2dDz #PoweringProgress #CCS #CCUS

Today we reported the results for the second quarter of 2022. With volatile energy markets and the ongoing need for action to tackle climate change, the year has presented huge challenges for consumers, governments, and companies alike. At Shell, we have continued to deliver on our strategy. Using our financial strength, we're investing in energy security and in the energy transition.   In the UK, we are helping to provide more energy for the years ahead with natural gas investments in the North Sea. The Pierce field is expected to start production as soon as this autumn. And Jackdaw has the potential to supply more than 6% of the country's gas production from 2025.   We are also reducing our carbon emissions and making significant investments in low-carbon energy.   In the Netherlands, we are building Europe's largest green hydrogen plant. And we are rapidly growing our electric vehicle charging network around the world.   Our strategy is also delivering strong results for our shareholders, with increased distributions.   We are transforming Shell for the future of energy, as we keep #PoweringProgress. More: https://lnkd.in/eKmJ3zt4 #ShellResults

I recently met the Financial Times’ Tom Wilson to talk about energy security, the need to adjust supply and demand of oil and gas, and Shell’s transformation into a profitable energy transition company.   It was good to take the time to think about just how much has happened from my perspective ─ reflecting on change in the industry, in society and in the world around us.   From buying BG and consolidating our presence in LNG, to building Europe’s largest green hydrogen plant and expanding our integrated power business (including more solar and wind) we covered a lot of ground.   I see parallels with the past, having transformed our business to provide the energy solutions our customers need. Shell has been working to become more disciplined and focused, with a renewed portfolio of assets. For example, going from 32 refineries nine years ago, to five energy and chemicals parks.   This is at the heart of our #PoweringProgress strategy. We are making crucial investments in low-carbon energy ─  from green hydrogen to electric vehicle charging, renewable power to biofuels. We are using our financial strength, which today comes largely from our core oil and gas businesses, to make those investments a reality, to provide substantial shareholder distributions, and transform Shell for the future.   Read the full interview here: https://lnkd.in/eQcgMZ39