Thread regarding Shell Oil layoffs

Our glory days are over

According to information I'm getting off the internet Shell reserves will be at 40% at 2030 and 5% at 2040 (No More Exploration to keep reserves up). So my guess we should start hearing information about more facilities going up for sale to help reduce the carbon foot print when these facilities start to fall below the ROI Shell expects from them. Also Shell is $75 Bn in debt and it seems that Shell was only able to create $2 Bn this year to help pay down debt and Shell has stated it was not planning to raise dividends until they were able to reduce their debt to $65 Bn. Seems like Shell would try to get out in front of the doom and gloom before this information gets out to the public. Don't know what the future is for Shell, but it sure seems like all the glory days are over.

An on point post by @3hst+1aupfGph, bumped for visibility.

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| 2121 views | | 3 replies (last April 28, 2021) | Reply
Post ID: @OP+1aywAJTo

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https://www.bloomberg.com/news/articles/2021-02-04/shell-deepens-big-oil-s-disappointing-quarter-with-earnings-miss#:~:text=Net%20debt%20rose%20to%20%2475.4,liabilities%20fall%20to%20%2465%20billion.

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Post ID: @2ywy+1aywAJTo

https://finance.yahoo.com/news/shell-rds-produce-majority-oil-174105536.html
https://finance.yahoo.com/news/shell-exhaust-dwindling-oil-gas-200000546.html

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Post ID: @2oki+1aywAJTo

Where are those reports from?

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Post ID: @2rzj+1aywAJTo

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