Pandemic. Oil companies laying off tens of thousands. Nervous about EV future. Shell cuts dividend since 1945. Shell buys Greenlots in 2019 installer of charging stations who is also working with Kia. Big Oil taking huge write offs on oil reserves. Ratings fall. Cost of borrowing up. Shell borrowed to pay dividends. Dividend beat down. Oil kicked out of tute funds.
But somehow Oil gonna spend $11.5 billion installing 700 hydrogen stations rather than retrofitting 111,000 existing network for Hyliion concept of natural gas plus electric. With natural gas they still sell fossil fuels. BP walked away cuz idea is not workable, not just cuz Trevor Dipshit. Gas stations are NOT company owned! They are licensed 3rd party jobbers and can refuse to install hydrogen. Google Motiva, 100 pct owned by Saudi Aramco but flying Shell and 76 brands on East coast. Congrats if you buy Shell or 76 on East coast you just enriched Saudi Arabia. They will never back hydrogen their country would die.
Truck drivers not gonna give up their beloved trucks for new and expensive trucks vs retrofit with Hyliion. Hydrogen is to electric what electric was to gas 20 years ago. Hydrogen is a long play, with Oil lobbyists fighting it for years. By then Hyliion and Tesla will own the Semi mkt. Get out of this dog, invest in Hyliion. $SHLL closed at 44.39. See what happens after Monday.