![]() Third Point's founder, billionaire investor Daniel Loeb, wants the Anglo-Dutch company to separate its oil and gas business from its renewable-energy and liquefied-natural-gas operations. Instead, the $19 billion fund outlined its suggestions to Shell in a letter to its own investors, making for a low-key introduction of its hopes for the $190 billion oil company. It has not put forward any board nominees or threatened the chief executive's job and there are no immediate plans to do so, the sources said. Yet Third Point plans to follow a different tack, according to people familiar with its plans. Exxon saw three directors unseated when Engine No. Both oil majors have been under pressure to improve financial performance and accelerate their transition away from fossil fuels.
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