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Alastair Roderick Syme

Managing Director and senior equity analyst at Citi

Alastair Roderick Syme is a Managing Director and senior equity analyst at Citi specializing in the Basic Materials sector, with a primary focus on major integrated oil and gas companies such as Chevron, BP, and Eni. Over his career, he has covered at least 24 stocks, delivering a strong performance record reflected in a 62% success rate and an average return of 17.1% per rating, while notable calls include a 118.7% gain on ConocoPhillips. Syme began his analyst career prior to 2015, and has since established a reputation at Citi as a leading energy sector analyst with broad coverage spanning US, UK, and European markets. He maintains professional credentials required for top-tier sell-side equity research but specifics on FINRA or other registrations are not publicly detailed.

Alastair Roderick Syme's questions to Shell (SHEL) leadership

Question · Q3 2025

Alastair Roderick Syme asked if a deep downcycle is necessary for attractive M&A opportunities to emerge and whether Shell prefers new geographies or deepening existing positions for inorganic growth.

Answer

Shell CEO Wael Sawan noted an increase in interesting M&A proposals, indicating lower break-even expectations, but none have met Shell's high bar yet, especially when compared to buybacks. He stated Shell seeks opportunities that create incremental value beyond current owners, particularly by deepening existing positions where Shell has a comparative advantage and strong operational performance.

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