The pressure from investors follows years of decline in Exxon Mobil's stock, which has underperformed its closest U.S. rival, Chevron Corp., by a long margin in the last five years.
Europe and the U.S. are often referred to as the Old World and the New World, respectively. In the case of the energy transition, the New World stands to learn from the Old, which took the plunge a bit earlier in the game.
Jeff Hughes, formerly president and CEO of Enverus, will retain his role as chief executive going forward.
The acquisition of Ubitricity marks Shell's expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale its overall EV charging offer, the company said in a statement.
Soon after his inauguration, U.S. President Joe Biden signed executive actions that included formally revoking the permit needed to build the Keystone XL oil pipeline and rejoining the Paris Agreement on climate change.
Equinor, formerly called Statoil, received the Athabasca Oil shares in 2017 as part of a deal to sell its Kai Kos Dehseh oil sands project in the Canadian province of Alberta.
The announcements will also include a sweeping order to review all of Trump's actions weakening climate change protections, the revocation of a vital permit for the Keystone XL and a moratorium on leasing activities in the Alaska National Wildlife Refuge, Biden aids say.
Occidental Petroleum pumps more CO₂ into the ground than carmaker Tesla prevents being emitted on roads, CEO Vicki Hollub says.
The new AI module provides pattern-finding automation for gas leak detection.