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Marina Schwarz

Shell Doesn't Care about Production Growth

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More wise words from Shell's Ben van Beurden:

"This past quarter, he took that sentiment so far as to say that he doesn't intend to give production growth guidance in the foreseeable future when asked specifically about guidance from an analyst.

If you were referring to production and production growth, then, yeah, we have been abandoning that practice some time ago as we thought and saw it was sort of increasingly irrelevant and actually in some cases quite unhelpful because we felt that not only us but perhaps others would be tempted to chase barrels for barrels' sake, which we believe is not the right way to manage the company." From here. But yeah, Shell can afford not to care. There are those who probably can't because they have major debts to pay.

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