Royal Dutch Shell Plc  .com Rotating Header Image

No let-up for Royal Dutch Shell and BP amid oil price crash

screen-shot-2016-11-01-at-20-09-03

screen-shot-2016-11-01-at-20-09-53

Taken together, the lesson of the past six months is that both UK-listed oil majors remain under intense pressure from weak oil prices but are making progress towards reshaping their businesses to cope with the slump.

Yet, the scale of the financial gamble was evident in the tripling of Shell’s net debt from a year ago to almost $78bn at the end September. This represented a debt-to-equity ratio of 29.2 per cent, close to the 30 per cent level which Shell has previously declared as the upper limit at which it was comfortable operating.

FULL FT ARTICLE

Comments are closed.

%d bloggers like this: