This is a general thread on the prospects for Shell...
- 2nd quarter results: http://www.stockopedia.com/news/announcement/RDSA/090730rdsa001235.htm
- Half yearly report: http://www.stockopedia.com/news/announcement/RDSA/090730rdsa009633.htm
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MrT
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MrT
Pretty depressing stuff from the new CEO, Peter Voser.
"Energy demand is weak. There is excess capacity in the market, and industry costs remain high... Conditions are likely to remain challenging for some time, and we are not banking on a quick recovery. Shell is adapting to this new situation, and we must do more. We are sharpening our focus on delivery and affordability."
May freeze dividend, cutting capex, demand destruction, stripping out layers of excessive management: http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/5941651/Shell-may-freeze-its-dividend.html
Is this a case of him setting expectation given that he is new to the job or a fair reflection of the challenges facing the industry?
