Shell’s Energy “Transition” Hits a 20-Year Low in Oil Output – And Wall Street Still Claps

Shell’s Energy “Transition” Hits a 20-Year Low in Oil Output – And Wall Street Still Claps

After dabbling in green PR and selling off assets, Shell’s production tanks while Exxon and Chevron pump away. BlackRock yawns. Oh, Shell. The self-proclaimed champion of “Powering Progress.” The oil giant that flirted with an “energy transition” just long enough to slap wind turbines on its annual report before sprinting right back to its first love: fossil fuels. And yet—somehow—it’s producing less of them than at any point in the last two dec…