Wael Sawan, Shell CEO, discusses the future of natural gas. Watch more of the interview: cnb.cx/3IWi79q | CNBC

In March 2025, Shell CEO Wael Sawan announced that the company would ramp up fossil fuel production, reversing previous pledges to cut oil output. Shell now plans to increase oil and gas production by 1% annually and expand its liquefied natural gas (LNG) operations by 4-5% each year through 2030. Sawan described the move as a way to make Shell “simpler, more resilient and more competitive.” The decision has drawn criticism from climate experts who warn that doubling down on fossil fuels will wo