Shell is undertaking a major structural review to meet its net zero by 2050 target.
The oil supermajor said the process will see a “redesign” of the organisation to “adapt to a different future”.
A spokeswoman declined to comment on reports in oil and gas newspaper Upstream that a standalone renewables unit was part of the plan.
“Over the coming months we will go through a comprehensive review of the company. Where appropriate we will redesign our organisation to adapt to a different future and emerge stronger,” she said.
Shell said in April that it plans to make further investment in renewables generation as part of plans to become a net-zero emissions energy business.
The Dutch outfit said that “maturing” spending in green electricity was among a “several options” to reduce its net carbon footprint.
The company, which already has investments in renewables including the Borssele 3&4 offshore wind farm in the Dutch North Sea, also said governments need to introduce long term policy to support the development of renewables.