Dan Loeb's most recent activist campaign that made headlines was against Shell plc (NYSE: SHEL ). According to Reuters on October 27, Dan Loeb built a $750 million stake in Shell plc (NYSE:SHEL) and pushed the London-based oil giant to split into smaller independent companies for achieving better performance and operational efficacy. Although Third Point did not specify how many units must Shell plc break down into, the main premise was to separate its liquefied natural gas, renewables, and trading businesses from the core energy division. This would drive up shareholder value, cut costs, and promote decarbonization. Dan Loeb's motivation was to ultimately return greater value to Shell stakeholders, who have just received gains of 3% on an annual basis for the last 20 years.