Royal Dutch Shell Group .com Rotating Header Image

Shell’s higher risk for lower returns

Screen Shot 2014-01-20 at 13.50.30

Stephen Bartholomeusz: 20 January 2014

Shell had previously flagged a major spring cleaning program under which it plans to sell at least $US15 billion of assets over the next couple of years, with its residual 23 per cent stake expected to be offloaded imminently.

Its Geelong refinery and potentially its retail business are also up for grabs and today, perhaps in keeping with a more cost and capital-conscious approach, the Shell-PetroChina Arrow Energy joint venture cut more than 200 jobs. The prospect of the joint venture proceeding with its proposed coal seam gas-fed LNG plant at Gladstone – where three other $20 billion-plus plants are well underway – is fading fast.

FULL ARTICLE

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Comments are closed.