He said Shell was taking “further prudent steps to bolster our resilience” and “underpin the strength of our balance sheet”. Global demand for oil has all but dried up as lockdowns across the world have kept
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Those investors are seemingly immune to what the balance sheet, cash flow statement tell us. As the company has pushed towards gas and is being pushed by its investors towards renewables, the capital expense bills have piled up. Throughout the oil downturn, Shell has hardly reduced capital ...
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