By Sven Ridley-Wordich
08 Feb 2008 at 11:18 AM GMT-05:00
AMSTERDAM (ResourceInvestor.com) — After being confronted by increased political meddling by several national governments, such as Russia, Nigeria, Algeria and Venezuela, the Dutch-British oil and gas major is again hitting the rocks it seems.
In the last few days, financial analysts have been reasonably positive about the results reported over 2007. Royal Dutch Shell [NYSE:RDS-B; LSE:RDSB] has reported record revenues, showing the impact of high crude oil and natural gas prices, as being the main backbone of the current success.
However, production and reserve figures have been left out of the connotation, resulting in slightly biased and unrealistic assessments. The success and future of Shell in this coming year is still in doubt. Current financial results are not a basis on which the oil major can build a sustainable future. Without having the opportunity of increased reserves, the pumping capabilities of the company will increasingly come under pressure. read more
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