The Rising Influence of Rising Affluence

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IMO the biggest difference in EU vs US majors are commitment or lack of it on shale and buybacks/dividends. We shall see if SHEL's new CEO changes course but I doubt it. EU companies (bp,shel,tte) seems to remain viable long-term in the energy business as they divest out of oil. cvx, xom, cop is happy staying with legacy businesses and returning money to shareholders. I can't argue with the latter but they need to stop pretending they care about sustainability.