What You Missed in Royal Dutch Shell plc's Quarterly Report
Royal Dutch Shell plc (NYSE: RDS-A) (NYSE: RDS-B) is one of the world's largest integrated oil majors. It competes with the likes of ExxonMobil, Chevron, and Total. It recently doubled down on the energy business with a $50 billion acquisition. But while it's working to pay off the debt it took on to get that deal done, CEO Ben van Beurden made an interesting statement about the future that you may have missed in the numbers of Shell's quarterly report.
There's no question about how Royal Dutch Shell makes money. It is one of the world's largest oil and natural gas drillers, with a large footprint in liquified natural gas. Oil and gas have been the driving force, broadly speaking, throughout all of the company's over 100-years of existence. Investor questions generally focus on what management is doing to support and grow its core operations.
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Source: Fool.com
