How will Wael react to the tariffs? Is everything on the table to protect Shell's margins?
4 replies (most recent on top)
Maybe it's time to rethink what long term strategy actually looks like.
If Wael hadn’t bought back shares at top of the market he could have bought them much cheaper now. But he’ll somehow talk his way out of a failing.
Then he’ll use the next low oil price a reason to have to cut more jobs - which is all he ever does.
Probably he’ll sell off a few more decent assets at stupidly low prices as well.
Okay, the oil price is down now. What is that worth? About a billion dollars for ever dollar per bbl? (assume 2.8 million BOE/day, *365 days)
We're now $10 billion less than last year. YL would need to sell a lot to make up for that and cover the dividend and share buy back.
our margins come from selling assets and firing people and cutting services
don’t worry - that means we can always make more margins so that we can buyback our cratered stock instead of throwing darts on a board at the S&P 500 and making money