Shell Picks PwC as Auditor for 2027, Pauses Kazakhstan Investments Over Legal Disputes
Shell has selected PricewaterhouseCoopers (PwC) to replace EY as its auditor from 2027 following a competitive tender. The company will pause further investments in Kazakhstan after government-initiated legal proceedings over project cost disputes, CEO Wael Sawan said.
1. Auditor Change Announcement
Shell announced that PricewaterhouseCoopers (PwC) will replace Ernst & Young (EY) as its external auditor effective 2027, following a formal tender process. The move concludes a strategic review of audit services intended to strengthen governance and reporting oversight at the oil major.
2. Kazakhstan Investment Pause
CEO Wael Sawan revealed Shell will halt further investments in Kazakhstan due to ongoing legal proceedings initiated by the Kazakh government against international oil companies over alleged project cost irregularities. The decision affects planned developments in the Tengiz and Karachaganak fields until disputes are resolved.