Royal Dutch/Shell: Oil industry must update financial model

03/05/2001
Many of the oil industry's long-standing financial policies need updating to adjust to a business environment being transformed by technology, sector maturity, and the digital economy.So says Royal Dutch/Shell Group Finance Director Stephen Hodge. Left unmodernized, he said, the financial management orthodoxies that concentrate on "size for its own sake, return on capital, and cost-cutting, [will prove] unreliable guides to long-term growth in shareholder value."Outdated modelSpeaking at the Institute of Petroleum's IP Week late last month in London, Hodge said, "There is a sort of standard model for financial management in the oil industry. Like any other standard model, it is a ...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected