Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Equity Bottom-Up

<ul>
<li>Shell isn’t abandoning the energy transition. It is reallocating capital toward gas, LNG and upstream, betting that stronger returns can finally close its valuation gap with US peers.</li>
<li>Under Wael Sawan, Shell has been focusing on tighter capital discipline, bigger buybacks and fewer low-return green assets, with growth centred on gas.</li>
<li>Shell’s green retreat is less about abandoning renewables and more about following returns. The bigger question is whether this sharper strategy can finally unlock a U.S.-style valuation.</li>
</ul>


Shell isn’t abandoning the energy transition. It is reallocating capital toward gas, LNG and upstream, betting that stronger returns can finally close its valuation gap with US peers.
Under Wael Sawan, Shell has been focusing on tighter capital discipline, bigger buybacks and fewer low-return green assets, with growth centred on gas.
Shell’s green retreat is less about abandoning renewables and more about following returns. The bigger question is whether this sharper strategy can finally unlock a U.S.-style valuation.


Shell Isn’t Leaving Green Energy; It’s Raising the Bar