Shell

Article Abstract:

Shell and BASF are setting up a polypropylene JV which has been cleared by the European Commission, and this is part of a major restructuring of Shell's chemicals activities. The company looks set to achieve a goal of 14 per cent return on capital. Shell is to give a briefing on its exploration and production activities in Aril 2000, and this should clarify the company's strategy. S and P Marketscope and Deutsche Bank rate the company's stocks a buy, and HSBC rates them a hold.

Chemicals & Allied Products, Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Shell, Chemicals

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Shell

Article Abstract:

Shell is a petroleum company which has seen a drop in its stock price due to concern about crude petroleum prices. Demand for petroleum is increasing, which should benefit Shell. The company has a relatively large exposure to refining, an activity with low margins, but has good returns for this activity. Shell is carrying out restructuring and aims to gear itself more to stockholders. Fund managers see a change in attitude, and the company's stocks could perform well if its trading position improves.

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Prising open the closed shell

Article Abstract:

Shell is carrying out restructuring and making acquisitions and aims to increase group returns on capital to 15% in 2000. The company's average return on capital was 11.3% in 1996 and the industry average was 13.8%, while BP achieved 18%. Shell is shedding 3,000 jobs as part of a restructuring exercise in petrol refining and gasoline marketing in Europe. Analysts are divided on the impact of these changes, with some recommending the company's stocks.

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