Seeking Alpha

Shell's gas division to focus on larger projects as it cuts spending

  • Royal Dutch Shell's (RDS.A, RDS.B) global gas division will focus on larger projects where it has more control while continuing to cut some holdings and unprofitable investments, a senior gas exec tells WSJ.
  • Shell has added to its gas portfolio new regions in the U.S., Canada and Indonesia, and it continues to pursue expansion at its Sakhalin-II LNG project in Russia, according to the report.
  • Shell issued its first profit warning in a decade in January and has announced plans to cut capital spending ~20% in 2014 to $37B in response to rising project costs, disappointing drilling results and poor refining margins.
  • RDS.A +0.6% premarket.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector