Extracts from an Interactive Investor/Motley Fool article published Friday 6 June 2014 under the headline: “BP plc vs Royal Dutch Shell Plc: Which Wins On Income And Growth?Unfortunately, Shell’s growth plans for growth look to be disappointing compared to those of BP.”
Shell has committed itself to $15bn of divestments during the next few years in an attempt to prune its portfolio. Many analysts have questioned whether or not this will be enough.
Additionally, Shell has promised to turn around the fortunes of its North American business, which is losing money, despite the fact that over $80bn of capital is employed in the region — based on 2013 figures.
Actually, in total, Shell’s assets amount to $352bn at current exchange rates, indicating that nearly 30% of Shell’s assets are achieving a negative return, a terrible return on investment for one of the world’s largest oil and gas companies.
To try and combat its poor North American performance, Shell has cut jobs and packaged its North American business into a stand-alone entity, BP has also used a similar strategy for its US assets. Further, Shell is cutting regional capital spending, slashing jobs and streamlining its management structure.
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