5 Most Valuable Gas Companies in the World

4. Shell plc (NYSE:SHEL)

Market Cap: $224.813 billion 

Based in London, England, Shell plc, a British multinational oil and gas company, is dedicated to delivering energy solutions that address the global demand for energy and facilitate the shift toward a low-carbon economy. According to recent reports from Reuters, Shell’s CEO Wael Sawan has opted to prioritize fossil fuels over less profitable low-carbon activities.

Despite a 33% decline in the third-quarter adjusted net profit to $6.2 billion, this strategic shift has protected Shell from challenges encountered by European counterparts BP and Orsted in the wind energy sector. Sawan has concurrently increased the company’s quarterly buyback plan while significantly curtailing expenditures on environmentally friendly initiatives, encompassing wind, solar, hydrogen, and carbon capture and storage. Shell’s emphasis on fossil fuels is regarded as a response to fluctuating energy prices. The report suggests that Shell’s current strategy is effective, but its long-term success hinges on the sustained high prices of energy.