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Royal Dutch Shell Fire Sale

Screen Shot 2014-01-14 at 14.34.31By John Donovan

The Financial Times has published an article today about Shell’s dramatic plans under the surprise new CEO, Ben van Beurden, to dispose of a string of assets, including North Sea oilfields.

According to one quoted analyst, Shell may divest $30 billion in non-core assets, including its stake in Woodside in Australia and assets in the USA and Nigeria.

The article by Guy  Chazan says: “Shell has underperformed the European oil and gas sector by 6 per cent over the past year, dragged down by a string of disappointing quarterly results…. It has been criticised for spending too much and not rewarding shareholders enough.

One fellow executive director, Peter Rees QC, has already unexpectedly announced his rapid exit from Royal Dutch Shell plc just days after BvB assumed his new supreme position. 

FT ARTICLE

2 Comments on “Royal Dutch Shell Fire Sale”

  1. #1 Kris
    on Jan 15th, 2014 at 08:24

    Hahaha ! My comment is awaiting for ” moderation “, still laughing !
    Did you take your pills, Mr Donovan ?

  2. #2 Kris
    on Jan 15th, 2014 at 03:22

    You are not only ” Shell nightmare ” but also a nightmare for all the people working for Shell and today afraid for their job.

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