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How Will Shell’s Upstream Production Change In The Next Five Years?

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screen-shot-2016-09-09-at-20-58-10September 13, 2016, 03:26:57 PM EDT By Trefis Team, Trefis

Before the commodity downturn began in 2014, Royal Dutch Shell (NYSE:RDSA), one of the world’s largest integrated energy company, grew its production at a steady rate. However, the oil slump took a toll at the company’s price realizations, forcing it to restrict its capital expenditure, and in turn its production. As a result, Shell’s upstream production has remained flat over the last five years. As the outlook for commodity markets remains uncertain, we expect Shell’s upstream production to be weak even in the remaining half of 2016.

Read more: http://www.nasdaq.com/article/how-will-shells-upstream-production-change-in-the-next-five-years-cm679031#ixzz4KDHtt7X8

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