Member access

4-Traders Homepage  >  Shares  >  Euronext Amsterdam  >  Royal Dutch Shell A    RDSA   GB00B03MLX29


Real-time Quote. Real-time TRADEGATE AG - 03/31 05:29:03 pm
27.8600 EUR   -1.03%
10:24aDJFTSE Dragged Lower by Oil, Miners
08:31aDJFTSE Dragged Lower by Oil Producers
06:51aDJLONDON MARKETS : FTSE Drops But Stays On Track For Best Quarter In M..
News SummaryMost relevantAll newsSector news 

ROYAL DUTCH SHELLA : Shell Remains Committed To Natural Gas Strategy - CEO Voser

05/22/2012 | 07:51am US/Eastern

Royal Dutch Shell PLC (RDSB) believes rising natural gas demand will underpin its future profits, even though oil pricing still accounts for 80% of its margins, its Chief Executive Peter Voser said Tuesday.

The oil giant, which expects to produce more natural gas than crude oil for the first time this year, has invested heavily in gas assets in the U.S. and Australia. However, U.S. gas prices have fallen to decade-lows as new production techniques have resulted in a glut of supply from shale rock sources.

But despite this the long-term pricing outlook for natural gas remains strong, said Voser, as Asian-Pacific customers are increasingly switching from powering their industrial plants with oil to gas.

However "margins are driven 80% by the oil side," he said, referring to Shell's ability to transform gas into more valuable fuel products like diesel that sell at prices linked more closely to crude. The company, the world's largest shipper of liquefied natural gas, is also able to benefit from the difference in regional gas prices.

Voser also said Shell remains committed to the fully-integrated operating model, where a single oil company extracts, transports, refines and sells hydrocarbon products.

While some analysts have argued that major oil companies like Shell should sell off their refining businesses to better realize high commodity prices, Voser said the long-term outlook for the model was good.

"We will drive an integrated philosophy because that is where the future growth will lie," said Voser, who was addressing Shell's annual shareholder meeting.

-By Alexis Flynn, Dow Jones Newswires; +44 207 842 9471;

React to this article
Latest news on ROYAL DUTCH SHELL A
10:24aDJFTSE Dragged Lower by Oil, Miners
08:31aDJFTSE Dragged Lower by Oil Producers
06:51aDJLONDON MARKETS : FTSE Drops But Stays On Track For Best Quarter In More Than A Y..
05:46aDJNorthern Petroleum Shares Fall After Outlining Oil Output Restart Timeframe
02:30aDJMAERSK OIL : Production Starts at Unmanned Platform in Danish North Sea
03/30DJR. TEAGUE : Enterprise Products CEO to Retire; COO Teague to Take On Role
03/30 New BG boss hires M&A specialist from Statoil weeks after taking helm - memo
03/27 ROYAL DUTCH SHELL A : Shell Petroleum completes sale of OML 29 & NCTL in Nigeria
03/27DJLONDON MARKETS : FTSE 100 Notches Weekly Loss As Resources Lead A Decline
03/27 FTSE set for 2 percent weekly drop as commodity stocks fall
Duration : Period :
Royal Dutch Shell A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes