Earnings Forecast Focus: Sep. 5, 2017 6:49 PM ET
Summary
- Shell CEO Ben van Beurden’s “lower forever” quote was aimed at operating costs and overall company culture. It does not reflect the CEO’s oil price outlook.
- The company’s operational excellence has been nothing short of exemplary.
- Scrip dividend will be removed when gearing is down to 20% from the current 25%.
- At the current rate, it should take no more than twelve months to reduce the gearing to 20%.
- Obviously, the dividend is safe. More importantly, this is an opportunity to buy a company with excellent leadership.