Now chief executive officer Ben Van Beurden says the next thing he’ll buy is a car that doesn’t depend on either oil or gas to run. More From Livemint »Van Beurden will switch from a diesel car to a plug-in Mercedes-Benz S500e in September, a company spokesman said. The company has adopted “what we call a lower-forever mindset,” Van Beurden said on an earnings conference call. Shell has said it plans to spend as much as $1 billion a year on its New Energies division as the transition toward renewable power and electric cars accelerates. “We have to continue to reinvent,” Van Beurden said.

Source: Mint July 27, 2017 15:33 UTC