LONDON, Oct 27 (Reuters) – Shell (SHEL.L) is looking at changing parts of its chemicals portfolio as the slump in sector’s profit margins is expected to be long-lasting, Chief Executive Officer Ben van Beurden said on Thursday.
“Chemicals is a cyclical business … And as we can see, the lows can be quite severe and long-lasting. The last time we saw something closely like this was in 2008-2009, and this looks to be indeed as bad,” van Beurden told analysts.
“We are looking at changing the makeup of the portfolio,” he added.
Reporting by Ron Bousso; editing by David Evans
Our Standards: The Thomson Reuters Trust Principles.
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I sent the first post and it didn’t publish. I’m writing the second one. It’s me, an African tourist
You can on this issue as well, because only in an argument can truth be achieved 🙂