Royal Dutch Shell (RDSA.L) is on the move after rumours that the company plans to sell $15Bln worth of assets, possibly including some of its Oil fields in the North Sea.
The company has been critised recently for over spending and poor returns to investors compared to others in the sector. Recent quarterly results have not been favourable and the plans are thought to be an effort to streamline its portfolio. Shares fell near the end of tuesday in response.
Royal Dutch Shell (RDSA.L) is on the move after rumours that the company plans to sell $15Bln worth of assets, possibly including some of its Oil fields in the North Sea.
The company has been critised recently for over spending and poor returns to investors compared to others in the sector. Recent quarterly results have not been favourable and the plans are thought to be an effort to streamline its portfolio. Shares fell near the end of tuesday in response.
Related Posts: