Shell Maintains Highest Oil Debt Amidst Record Profits

Shell Maintains Highest Oil Debt Amidst Record Profits

Two UK oil companies feature among the global top ten for corporate debt, including the overall number one: Shell. The company states its strategy is to “maintain a strong balance sheet which provides, through the commodity cycle: efficient access to the debt capital markets; financial resilience; and sufficient flexibility for continued growth.”

In fact, Shell is enjoying record profits right now in light of massive price hikes for consumers. “Shell handed more back to its shareholders last year than it invested in any type of future energy, clean or dirty,” reports the Financial Times. “[I]ts overall capital expenditure was about $24.8bn, of which just $3.5bn was spent in its renewables and energy solutions business.”

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

Related posts