"Anglo-Dutch supermajor Shell is hatching plans for a massive company-wide restructuring in response to the Covid-19 pandemic and to position the 113-year-old oil and gas company for the shift to lower-carbon energy. A special internal project team began work behind closed doors earlier this month and is set to present its findings in the third quarter or early fourth quarter, according to Shell sources" (Recharge News)Well, they are all at it these days and I intend to post at greater length shortly. Incidentally, and in case anyone was wondering, I'd say this is Big, and Real.
On a lighter note, I wonder what codename they've given this effort. Back in the mists of time when another big downturn in oil price was underway, Shell initiated aother such restructuring programme - rather less radical, of course, but far-reaching nonetheless - and they coined it "SEARCH". The "S" stood for Shell, of course.
Nobody will ever recall what the rest stood for, because the programme caused such mayhem it soon became known as Stop Everything And (w)Reak Complete Havoc ...