By Josh Beckerman

 

Royal Dutch Shell PLC said it "welcomes open dialogue with all shareholders" including Third Point LLC and "regularly reviews and evaluates" its strategy.

Shell said its investor relations team "has had preliminary conversations with Third Point and we will engage with them, as we do with all of our shareholders."

The company noted that its Energy Transition strategy received 89% support from shareholders at its annual meeting.

The Wall Street Journal reported Wednesday that Third Point has a stake worth well over $500 million and wants Shell to separate into two companies, with one that would include legacy operations and another that would include renewables and other businesses requiring substantial investment.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 15:25 ET (19:25 GMT)

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