BP versus Shell

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Screen Shot 2013-10-01 at 07.56.54In the wake of this month’s profits warning from Royal Dutch Shell and its problems in Nigeria, its upstream and downstream problems and the failure of its massive capital expenditure program to yield any meaningful benefits in the short term, investors appear to be asking themselves whether a move back to BP might be in order. Shell’s new CEO Ben van Beurden in his new role as CEO appears to be clearing the decks for some form of company reorganisation as the company struggles with falling revenues and lower oil prices.

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