Outgoing CEO regrets Shell's big bet on U.S. shale gas

|By:, SA News Editor

In a valedictory interview with Financial Times ahead of his imminent retirement, Royal Dutch Shell's (RDS.A, RDS.B) Peter Voser says he regrets the huge bet on U.S. shale gas that led to a $2B-plus writedown and of the setbacks at the company’s exploration efforts offshore Alaska.

FT thinks Voser leaves Shell in better shape than he found it, when growth had stalled and the company was rocked by an accounting scandal.

Goldman Sachs thinks Voser's departure and the arrival of Ben van Beurden will be the catalyst for a more focused capital approach and accelerated divestments.