By John Donovan
The Wall Street Journal does not mince its words.
In an article published today, it says that Shell has saddled itself with a mountain of debt as a result of its takeover of the BG Group.
Article author Sarah Kent points out Shell’s debt-to-equity ratio is far higher than its major rivals.
The same concern is expressed in a related Wall Street Journal article: Shell’s New Year Promise: Slimming Down
Although Shell promised to offload $30 billion of assets, it has thus far sold only $5 billion worth.