New Shell CEO Faces Big Dilemma: Should the Company Pump More Oil?

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HOUSTON—Wael Sawan knows he is about to make some people very unhappy.

The new chief executive of Shell PLC is in the midst of crafting his business plan for the London-based energy giant, including whether to increase oil production. Doing so would please many investors looking to build on last year’s oil-and-gas bonanza,

which produced record annual earnings for Shell. 

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