Comment posted our article Shell Sells U.S. Appalachia Assets to National Fuel for $541 million
World-class investment case?
Shell apparently paid 4.7 USD billion in 2010 for the Marcellus shale and sells it now for 0.541 USD billion.
How does this fit in with Shell’s strategy to provide a “world class investment case”? Some investors reacted sheepishly to the dividend haircut as a “sensible choice made by the Board”. Other investors see perhaps deeper underlying issues with Shell’s management choices and delivery performance, triggering calls for a Van Beurden succession plan.
Perhaps they see a longer legacy of poor choices and dud projects. (Shale, drilling in the Arctic, lacklustre exploration success, Prelude, BG acquisition, ….)
royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.Poor choices and dud projects trigger calls for a Van Beurden succession plan? was first posted on May 6, 2020 at 12:32 pm.
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