Royal Dutch Shell's new-ish CEO Ben van Beurden joined the industry push to lift the ban on U.S. crude oil exports this week, but he says it's not directly about the money.
It's about economic principle, and it's about the people. That's basically what van Beurden told CNBC's Jim Cramer in an interview that aired Wednesday evening, noting that from a dollars-and-cents standpoint, his company is somewhat "indifferent" on allowing exports.
"If you look at it from a logical, macroeconomic perspective, it does make sense. It does make sense for the country, it does make sense for the consumers," said van Beurden, who became CEO in January. "For us as a company, we are advocates of free trade, therefore you would expect us to advocate for that."
Shell is a huge "integrated" oil and petrochemicals company, which means it not only drills for and produces crude oil, but also refines it and sells to consumers. The company is also a major player in global natural-gas production and export markets.
"If it happens or doesn't happen, to some extent we are reasonably well-hedged across the value chain," van Beurden said of exports."So export or no export, I think to some extent we will be indifferent."