Sign in to follow this  
Followers 0
Marina Schwarz

Shell Doesn't Care about Production Growth

Recommended Posts

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.

  • Upvote 2

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0