In the season finale of The Energy Podcast, Shell’s CEO Wael Sawan reflects on a year of significant change globally. He discusses navigating through uncertainty, accelerating the energy transition, and embracing AI. He also shares how Shell is transforming into a fitter, more competitive company – one better equipped to navigate whatever lies ahead.

Tune in for insights into the energy system, the outlook for liquefied natural gas (LNG), and leadership through times of change.

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The Energy Podcast is a Starstruck Media production for Shell.

Episode references

References to $20-22 billion of capital or investment per year refer to Shell's cash capital expenditure of $20-22 billion per year between 2025-2028.

References to distributions of 40-50% of our cash flow from operations (CFFO) refers to Shell's shareholder distributions target of 40-50% of CFFO through the cycle.

For more on the reference to $20 billion of capital Shell has employed in power as well as lower-carbon businesses, see Shell's Capital Markets Day 2025 presentation: Delivering more value, with less emissions

For more information on Shell’s energy transition targets and ambition, visit Climate | Shell Global

In 2024, 78.2% of Shell's global investments included oil & gas, 11.37% included low-carbon energy solutions and 10.43% non-energy products. Shell's target is to become a net-zero emissions (NZE) business by 2050. Cautionary note, including NZE target:  Cautionary note | Shell Global

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Oil is the source of about 30% of the world's energy today. It’s also the basis of ingredients in many everyday products - from your phone to clothes to medicines. Featuring Shell's President of Upstream, Peter Costello, this episode of The Energy Podcast explores the evolving role of oil in the energy mix.

Peter discusses the future of oil in the energy transition, the impact of growing energy demand, and the need to continue investing in production that’s cost- and carbon-competitive to help provide the energy the world needs today. 

Learn about Shell’s oil and gas activities

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The Energy Podcast is a Starstruck Media production for Shell.

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How does the energy that powers lives move across the globe? In this episode, The Energy Podcast sets a course for the world of shipping with Karrie Trauth, Executive Vice President for Shipping and Maritime at Shell. She explains shipping’s vital, non-stop role as the backbone of today’s global energy system, connecting supply with demand across continents.

Discover how much of global trade and energy are moved by sea, the challenges of keeping energy supplies flowing, and how the shipping industry is tackling decarbonisation.

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Cautionary note

For more on green corridors, click here.

The Energy Podcast is a Starstruck Media production for Shell.

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In this bonus episode of The Energy Podcast, host Eddie is joined by Valeria Loreti, Principal Scientist and Delivery Manager in Motorsports at Shell, to explore the future of sustainable racing fuels for Formula 1 team Scuderia Ferrari HP.

Starting in 2026, all Formula 1 cars will need to run on fuel made from advanced sustainable components – including advanced biofuels derived from non-food biomass or household waste, and renewable fuels of non-biological origin – as part of the sport’s plan to reach net-zero emissions by 2030. A key member of the Shell team developing Scuderia Ferrari HP’s bespoke fuel for 2026, Valeria shares exclusive insights into the science and cutting-edge tools behind fuel development, what happens trackside on an F1 race weekend, and the 75 years of partnership with Ferrari – one of the most iconic collaborations in motorsport.

Whether you're a motorsports fan, a tech enthusiast, or curious about the future of racing, this episode is for you.

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The Energy Podcast is a Starstruck Media production for Shell. 

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The Energy Podcast explores the complex path to decarbonising road transport. From adoption of electric vehicles and biofuels to policy, infrastructure and consumer behaviour, this episode unpacks the challenges of reducing emissions of road travel and what it’ll take to progress further. We are joined by Patrick Carré, a Senior Vice President for Mobility and Convenience at Shell, and Dr. Thomas Becker, Vice President for Government Affairs and Sustainability at BMW Group.

Whether you're a car enthusiast, energy professional or just curious about the future of road transport, this episode offers timely insights into what it really takes to drive change.

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Carbon capture and storage (CCS) offers a way to help reduce industrial emissions at scale, particularly in sectors that are hard to decarbonise. In this episode, The Energy Podcast zooms in on Northern Lights, the world’s first commercial CO2 transport and storage service, which started operations on August 25, 2025. Lise Winther from global crop nutrition company Yara – a customer of the Northern Lights project in Norway – joins to discuss how the technology works, why government support has been critical, and what it takes to build confidence in long-term carbon storage infrastructure.

The views from individuals not affiliated with Shell are their own and not those of Shell plc or its affiliates.

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Climate scientists, governments and organisations, including the Intergovernmental Panel on Climate Change and International Energy Agency, recognise that the world needs carbon capture and storage (CCS) technology if society is to achieve net-zero emissions. In this episode, hosts Bryony and Eddie are joined by Shell’s Vice-president for CCS, Bernhard Koudelka, to discuss the role of this combination of technologies in decarbonising heavy industry, and – as the world’s first project to offer commercial CCS as a service prepares to start up – the challenges of scaling the industry to the level the world needs.

Whether you’re new to CCS or looking for a deeper understanding of its role in the energy transition, this episode offers expert insight and real-world examples.

What are negative emissions?

Practices or technologies that remove carbon dioxide from the atmosphere are often described as achieving negative emissions.

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Read more about CCS

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In this bonus episode of The Energy Podcast, host Bryony speaks with Hadi Quazi, Shell’s Joint Venture Asset Manager for LNG Canada. Together, they explore how Shell and its partners brought to life the largest private-sector investment in Canadian history – and put a remote corner of Canada on the global energy map. From a 670-kilometre pipeline crossing mountain ranges to a liquefaction facility on the country’s west coast, this episode takes you inside the engineering and partnerships helping to meet the world's growing demand for liquefied natural gas (LNG).

Read more about  LNG Canada

Explore the engineering behind LNG Canada

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Demand for liquefied natural gas – or LNG – continues to grow due to its potential to deliver flexible energy around the world. It has its critics, but LNG plays an important role in the energy transition by helping to displace coal and supporting renewable power generation. In this episode, hosts Bryony and Eddie hear from Shell's President of Integrated Gas, Cederic Cremers, on why global demand for LNG is expected to grow, the importance of addressing methane emissions, and Shell's LNG ambitions.

Read more about liquefied natural gas

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To make better decisions today, we need to challenge our assumptions about the future. For half a century, that’s what Shell’s scenarios have done. In this bonus episode, explore how and why scenarios are developed – and the three distinct visions of the future presented by Shell’s latest report. Host Eddie is joined by Peter Wood, Shell’s Chief Energy Adviser, and Dr. Mallika Ishwaran, its Chief Economist.

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Explore the 2025 Energy Security Scenarios  

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The Energy Podcast is a Starstruck Media production for Shell.

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