Company report
| |
22 Pages

Shell corporate report


Shell corporate report

Report summary

Shell is at the early stages of a generational shift in strategy: transitioning from a company that had for too long - by its own admission - emphasised volume growth above all else, to one which is unequivocally driven by shareholder returns. We think this is absolutely the right thing for Shell to be doing: this is what Supermajor strategy should look like.

We also think Shell has the portfolio to deliver. Strengthened by the acquisition of BG - an outstanding strategic deal in our eyes - the company is optimally placed to navigate an increasingly uncertain and complex energy space, in which the threat of peak oil demand looms large: development options at the low end of the cost curve; well balanced across resource themes and segments; a foothold in renewables.


What's included?

This report includes 2 file(s)

  • Shell corporate report PDF - 2.29 MB 22 Pages, 10 Tables, 27 Figures
  • Shell Corporate Report.xls XLS - 4.35 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Current strategic positioning
    • Strategic priorities
      • 1. Managing the near-term financial framework
        • Underlying business
        • Disposal programme
      • 2. Pace and quality of investment
      • 3. Development pipeline
      • 4. Longer-term production
      • 5. Business development
      • 6. Grow LNG trading revenue
      • 7. Getting back to value creation through exploration
  • Resources, reserves and production
    • Production
    • Resources and reserves
  • Economic assumptions
    • Valuation assumptions

In this report there are 37 tables or charts, including:

  • Executive summary
    • SWOT analysis
  • Strategy
    • Benchmarking: share price performance
    • Benchmarking: market premium / discount to Wood Mackenzie NPV,10
    • Strategic fit of upstream regions
    • Benchmarking: NPV,10 by resource theme
    • Benchmarking: 2P Comm res by resource theme
    • Corporate cash flow (excl. announced disposals)
    • Upstream cash flow
    • Net debt outlook (incl. announced disposals)
    • Cash flow projection (incl. announced disposals)
    • Sold assets (to May 2017) production outlook
    • Sold assets capex and cash flow outlook
    • Shell disposals, start 2016 to May 2017
    • Shell: upstream capital investment (2017 to 2021)
    • Benchmarking: capital investment (2017 to 2021)
    • Benchmarking: new project returns
    • Top ten probable projects (to 2021)
    • Top 20 probable developments by investment to 2030
    • Shell identified pre-FID options (source: Shell Q4 results)
    • Top 20 sub-commercial assets
    • Shell base production outlook
    • ExxonMobil base production outlook
    • Benchmarking: gas into LNG by equity
    • Benchmarking: contracted LNG supply
  • Resources, reserves and production
    • Benchmarking: production CAGR
    • Benchmarking: total production outlook
    • Production outlook
    • Benchmarking: reserves and resources detail
    • Benchmarking: reserves and resources life
  • Economic assumptions
    • Base price assumptions
    • Base price assumptions (nominal terms)
    • Economic assumptions: Image 2
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Economic assumptions: Table 4
    • Foreign exchange rate assumptions
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...