Thought she was riding this ship through the storm?
29 replies (most recent on top)
In early 2017, Zoe Yujnovich jumped ship and transferred to Australia just about two months before the Canadian oil sands business was sold. Until her departure, she had consistently maintained that the Canadian oil sands business had a much lower breakeven point and that there were no plans to sell the business.
Based on that, expect an announcement shortly regarding the sale of Shell Chemicals. Emma could not have found another internal opportunity and must have joined BP with support from Shell senior leadership. After all, BP and Shell leadership care for each other.
@rq he’s so fu--ing delusional. We will never be fair value relative to Exxon or chevron so long as our HQ remains in UK. Their unfavorable view of the industry will always result in headwinds that neither Exxon nor chevron will face. This is why investors are more cautious with us. It won’t change as long as greenpeace keeps super gluing themselves to the front door of Shell centre. That was a wild 2019. Wael knows this from his time at JPMorgan. He decided to set up himself, a few on the EC and institutional shareholders for a big payday while su-king shell dry. After q3 we’re seeing that play out.
@f5 we can only hope not....
A potential Shell stock investor should note the following
Chevron has decided to use their windfall to buy assets and proudly made a press release about this
Wael had claimed that the buybacks are a smart move because we are “undervalued”. Yet right now, everyone agrees the stock price has spiked due to temporary market conditions.
So you have to ask yourself, does he really think we have higher highs that are sustainable to hit, or do you think he gets a big fat bonus in his contract that’s somehow related to this irrational behavior?
@kp I thought about it but then was pi---d to see what he decided to do with the windfall this quarter, increased buybacks to $5B. Was supposed to be $3B. God forbid we put money into Norco or update Mars, invest in exploration. Nope need to prep that golden parachute. Up until that announcement, I was a fan of his. He’s a fu--ing snake.
@as ... she went to BP..... not sure that comment applies.
I have to say I am impressed with YL’s ability to attrit the legions of executives. I give him credit for that. If I get to fill out the SPS next year I will give organizational leadership a little higher score for this move.
Well, this is fairly anticlimactic. Let the drama re-commence when Shell acquires BP.
https://www.reuters.com/legal/litigation/bp-taps-shells-emma-lewis-head-downstream-business-2026-11-04/
Went to bp
@bz Negotiations take time, especially if four is down to two, and they are pitting them against each other. Seems it will happen, but feels too soon still. But her leaving is yet another indication that it WILL happen.
Chemicals business needs to sh-t or get off the pot. Sell it or don't. The rest of us are more worried about the computational team.
She took a package and kept it under wraps. Timing is too suspect.
Close call, folks! Shell’s core principle that “change is constant” was nearly violated by a dangerous lack of change. Wael and his cronies had to act fast! And who better to target than Shell’s perennial redheaded stepchild, Chemicals? Hence, Emma’s out! This is Shell!
She taking the stipend and free plane ticket to self-deport.
@bs
D. Wael wanted Emma out. Perhaps her departure will help him secure a larger annual performance bonus. This is Shell.
The upper LT seems filled with loyalists who rarely challenge the status quo. Whatever Wael says, they rubber-stamp. Emma may have been one of the few willing to speak her mind.
A. She may not share Wael’s vision for the future of Chemicals.
B. Leaving on her own terms rather than wait for a restructuring, she chose to exit while attractive opportunities were available.
C. Deal negotiations are further along than we realize and she may have greater visibility into the likely future organizational structure.
@OP Hard to ride out the storm when Wael has already shut down the engines!
When Shell sells its chemicals portfolio or forms a JV, her leadership role could shrink or disappear. It makes sense to pursue other opportunities before a deal closes. Who else on the Chemicals LT might be jumping ship? If I were in their shoes, I would certainly be exploring other opportunities at a minimum.
I think you f*cked up your counting. :P
Good - maybe all the toxic a—holes that are still there in the US Chem business will be gone soon as well.
- She got a better job at a company that’s not a mess
- She saw a deal coming soon and wanted out early
- She was forced out by upper management
- The stress took a huge toll on her health and family
OR 5. Combo of above
What do you think?
Big surprise. She was leading the Chemicals division through bad weather in a very strong way. Communicating very clearly. Curious what happened.
She was tasked with working herself out of a job. I don’t blame her.
They did the same to Lori Ryerkerk. Seems Shell leaders with former Exxon expereince get run off - probably because they know what they're doing.
That figures, one of, if not the best senior managers in Shell leaves. Shell is determined to give inept, kiss a-s, managers status, but can't retain the ones that can make a difference.
@a2 official email sent less than an hour ago. Leaving to pursue an outside opportunity
@OP does this mean a sale is imminent of chemicals’ assets? Has she announced yet or speculation?