May 24th, 2017
by John Donovan.

Shell, Exxon may appeal over planned Groningen gas output cut
AMSTERDAM, May 24 (Reuters) – A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent.
The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1. It said interested parties had until July 7 to announce an appeal.
The 50-50 Shell-Exxon joint venture known as NAM, said in a reaction that the measure was “disproportionate” and ignored previously agreed safety norms, which do not call for such a large reduction. read more
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May 24th, 2017
by John Donovan.

Kristin Stoller: FORBES STAFF
Though sales at Royal Dutch Shell have been declining, the company’s profit more than doubled in the past year – catapulting it to the top of our 2017 list of Europe’s largest companies.
Shell is one of 469 Europe-based public companies on Forbes’ Global 2000, our annual ranking of the world’s largest public companies.
For the past year, Shell saw $234 billion in sales,$4.6 billion in profit, $411 billion in assets and a market cap of $228 billion. In 2016, the company ranked as the 50th largest company in the world. Today, it ranks 20th. read more
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