Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 06/28 05:35:02 pm
23.4 EUR   +0.82%
06/28 ROYAL DUTCH SHE : Roadblocks present for petrochemical expansion in ..
06/27 ROYAL DUTCH SHE : 'Jordan awards Shell new tender to supply LNG'
06/27 ROYAL DUTCH SHE : Issuance of New Shares
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/22/2012 | 01:51pm CEST

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; alexis.flynn@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on ROYAL DUTCH SHELL A
06/28 ROYAL DUTCH SHELL A : Roadblocks present for petrochemical expansion in region
06/27 ROYAL DUTCH SHELL A : 'Jordan awards Shell new tender to supply LNG'
06/27 ROYAL DUTCH SHELL A : Issuance of New Shares
06/27 ROYAL DUTCH SHELL A : *goldman raises shell b price target to 2185 pence - 'conv..
06/25 ROYAL DUTCH SHELL A : Shell will work with British government on Brexit
06/24DJNiger Delta Insurgency Likely a Long-Term Trend
06/24DJIn 'Brexit' Vote, Britons Pick Corporate Winners and Losers
06/24 ROYAL DUTCH SHELL A : Shell To Work With UK, EU To Discover Possible Impact From..
06/23 NIGER DELTA : Miltants strike again, blow Shell pipeline in Imo
06/23 ROYAL DUTCH SHELL A : Why Niger Delta is polluted, by Shell
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials