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Shell Trying To Tighten Grip On Its American Oil

Extracts from an article published 13 March 2014 by investing.com

Screen Shot 2013-12-22 at 19.09.52By Meagan Clark – Royal Dutch Shell’s CEO Ben van Beurden said Thursday that a tighter grip on its Upstreams Americas business will be integral to its plan to grow cash flow and improve returns. Shell is cutting spending in 2014 by 20 percent compared to 2013 and redirecting onshore investment in Upstream Americas to the lowest cost gas acreage with the best integration potential and to exploration in liquids-rich shales.  So far this year, Shell has sold $4.5 billion in assets as part of its 2014-2015 $15 billion asset-shedding program.

FULL ARTICLE

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