Shell's (RDS.A) restructuring is a case of too-little-too-late, ING's Jason Kenney says, though...

|By:, SA News Editor

Shell's (RDS.A) restructuring is a case of too-little-too-late, ING's Jason Kenney says, though it's good they're admitting "their overheads are too heavy and costs unsustainable." Rivals Total (TOT) and ExxonMobil (XOM) already have similar plans in place; today's announcement is an admission Shell has no clear line of sight. "It's going to be a slow-burn restructuring process."