EnergyWatch

Shell determined to slim down in 2017

Shell's new year resolution is to trim the fat after the oil giant's expensive acquisition in 2016.

Photo: Kirsty Wigglesworth/AP/Polfoto

Expenses must be shelved by selling off assets.

That is Shell's ambition after last year's billion-dollar acquisition of BG Group, which positioned Shell well within the LNG market and certain areas within Brazil, but also saddled the company with a huge debt – one worth approximately USD 78 billion at the end of the third quarter last year.

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