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Shell Seeks to Streamline in 2017

…saddled with a mountain of debt…

By SARAH KENT: Jan. 3, 2017 7:00 a.m. ET

LONDON— Royal Dutch Shell PLC has a goal for 2017: Slimming down. The British-Dutch oil-and-gas giant bulked up in February with the roughly $50 billion acquisition of BG Group PLC, giving Shell a dominant position in liquefied natural gas and some of the world’s most prized offshore oil fields in Brazil. It also saddled the company with a mountain of debt—$78 billion at the end of the third quarter—that is higher than peers such as Exxon Mobil Corp.

Executing more deals is crucial for retaining shareholder confidence in Shell’s ability to keep paying its dividend and reduce its debt levels. Its debt-to-equity ratio of 29% is higher than its four major competitors: Exxon, Chevron Corp., BP PLC and Total SA.


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One Comment

  1. xmotiva says:

    The US operations will face drastic cuts. with the breakup of Motiva, many people will be reassigned, told to post for other positions, or face layoff. the process has already begun, and will intensify as the April 1 target date for the breakup gets closer. middle management will be realigned, as some northeast terminals will be sold off to raise cash, and managers will be scrambling for other available positions which may involve relocation, taking early retirement or the unemployment line. to all the untouchable, holier than thou managers: THE HONEYMOON IS OVER!