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Monday, August 24, 2015 7:33:42 PM
First of all, Shell is more disciplined with respect to operational CAPEX.
Sure the company spent $70 billion to acquire BG Group (OTCPK:BRGXF), but operational CAPEX decreased much faster in the first half of 2015 compared to Exxon and Chevron.
Second, Shell is executing its operations very efficient. The company reported only a -15% drop in EPS while revenue dropped -37%.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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