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Shell undergoing massive sell off to fix its balance sheet

Screen Shot 2014-02-18 at 18.34.00Extracts from an article poublished Monday 24 March 2014 by MarketWatch under the headline: Ghana’s Jubilee Points to Best Offshore Acreage in the World

LONDON / ACCESSWIRE / March 24, 2014 / The oil industry hasn’t started off 2014 with a bang. The oil majors – ExxonMobil, Royal Dutch Shell, Chevron, BP – all posted disappointing fourth quarter numbers. Shell in particular is undergoing a massive sell off to fix its balance sheet. Why are these companies struggling, and why all the gloom in the oil sector? Higher costs are the major reason. The oil majors are not looking all that great in terms of an investment opportunity.

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