Royal Dutch Shell Plc  .com Rotating Header Image

For Shell and Exxon, Timing Is Key For Surviving Oil’s Price Plunge

Screen Shot 2015-03-02 at 19.27.29From an article by Andy Tully posted on Thu, 12 March 2015 22:44 on OilPrice.com

For Shell and Exxon, Timing Is Key For Surviving Oil’s Price

Extracts

When it comes to surviving the plunge in oil prices, timing is everything.

While many oil companies large and small are reducing, postponing or outright abandoning costly future projects to save money, Royal Dutch Shell and Exxon Mobil Corp. are nearing completion of their most expensive initiatives, and therefore aren’t committed to heavy spending in the future.

Moody’s says Shell and Exxon probably will be able to avoid borrowing to maintain their high dividends as long as oil prices don’t go below their current price of around $60 per barrel. They’ll also have the opportunity to buy valuable assets from hard-pressed competitors at bargain prices.

Full Article

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “For Shell and Exxon, Timing Is Key For Surviving Oil’s Price Plunge”

Leave a Comment

%d bloggers like this: