In ongoing drive, Shell slashes debt by almost $8 billion

Shell cut its debt stack in the second quarter by nearly $8 billion, accelerating an effort it began in 2016 to improve leverage and burnish its credit rating. 

The energy giant’s balance sheet gearing ratio – net debt as a percentage of capital – sank to 23.6% at end-June from 24.7% the previous quarter and 25% at end-2017. The ratio is down 220 basis points from the year-ago quarter.  

The company reported total outstanding debt of $80.5 billion and total capital of $263.5 billion at end

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: