Shell's Latest LNG Move Has Me Rethinking My Oil Major Pecking Order. Here's Where I'd Rank Exxon and Chevron Now.
Shell is doubling down on natural gas, and I'm putting it back on the list of energy majors I'd be willing to own after pulling it in 2020.
Shell's recent decision to double the export capacity of a Canadian LNG facility has shifted my perspective on the major integrated energy companies. Six years ago, I removed Shell from my list of potential investments after it cut its dividend during the pandemic. Today, however, I believe Shell has reestablished itself as a worthy consideration.
Unlike TotalEnergies and ExxonMobil, Shell maintained its commitment to growing dividends and has made significant strides in the natural gas sector, which is crucial for the transition to clean energy. BP, on the other hand, continues to struggle with leverage issues and remains off my list. While Chevron offers a higher dividend yield, Shell's renewed focus on clean energy and reduced leverage make it a more compelling choice for me.
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