Oil Price Slump Unbalances Majors' Budgets – Wall Street Journal


Wall Street Journal
Oil Price Slump Unbalances Majors’ Budgets
Wall Street Journal
The fourth quarter tends to be weaker due to tax payments. Meanwhile, each $10 drop in the oil price knocks about $3 billion off Shell’s annual operating cash flows. That suggests another $2 billion hit at least in the final quarter of the year, if oil
Shell profits rise as production benefits counter plunge in oil priceThe Guardian
Falling oil price top of new Shell chairman Holliday’s in-trayFinancial Times
Shell pledges ‘tight hold’ on costs, spending as oil price fallsPlatts
NorthJersey.com –Minneapolis Star Tribune
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