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.
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
