News and information on Shell Plc
* Two biggest oil firms have finished major projects
* Exxon, Shell able to cut 2015 spending
* All oil majors face 2015 negative cashflow
* Set to increase borrowing easily to cover shortfalls
By Ron Bousso and Dmitry Zhdannikov
LONDON, March 10 (Reuters) – The world’s two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending.
Article by Jayson Derrick, Benzinga Staff Writer, published 09 March 2015 by benzinga.com under the headline:In a report published Sunday, Oppenheimer analyst Fadel Gheit estimated Royal Dutch Shell plc (NYSE: RDS-A) will face a free cash flow deficit in both the current year and next year.
Gheit noted that Shell is taking actions to preserve its financial flexibility, including capital expenditure reductions, cost cuts and dividend freezes as the company believes oil prices need to average $90 to $110 per barrel longer term to meet growing demand while other producers believe “$70 oil is the new $90 oil.”
Article by Joel Connelly published 9 March 2015 by Seattlepi.comSeattle city officials on Monday tossed a carefully aimed monkey wrench into plans, approved last month by the Seattle Port Commission, to use the Seattle waterfront as base of operations for Shell Oil’s Arctic oil drilling fleet.
The city’s Department of Planning and Development will “review, investigate and determine” whether the port’s plan to play host to Shell — or, to be exact, Foss Maritime — is allowed under the current shoreline substantial development permit granted to Terminal 5.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our non-profit websites and/or our activities.
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