Lundin juggles ‘the best barrel’ with returns
The Norway-focused independent aims to reduce its carbon footprint while also keeping a smile on shareholders’ faces
The two strongest themes in the oil and gas investment world are ESG and delivering shareholder value. Both are increasingly a choke on capital flow—the first as investors shy away from both stranded assets and possible reputational risk, the latter the investment world’s kickback against sluggish share price performance. Stockholm-headquartered Lundin Petroleum is aiming to prove that you can deliver a good ESG story and also strong returns. The firm’s CEO Alex Schneiter spoke to Petroleum Economist on the sidelines of the Oil & Gas Council’s World Energy Capital Assembly (WECA) in early December to discuss progress thus far. Many oil and gas firms’ share price performance have been poo
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