RE: Natural gas1 May 2020 16:01
As most of you are aware, post the BG acquisition, Shell has become much more of a Gas play than before, it is also generally very prudent with finances, and now even more under Ben van Beurden as CEO. If oil production significantly drops as looking likely due to current demand destruction along with ongoing storage space shortages, Gas prices will inevitably rise further as relating Gas demand has certainly not dropped but Gas production will drop along with oil as they are naturally linked. Hence as a result of this diversification, IMHO, Shell is in a much better and stronger position than other O&G companies at present but nevertheless, most O&G companies will suffer this year regardless after which again IMHO, I now strongly believe there will be big light there for O&G companies ahead!