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I don't trust people who are intellectually dishonest regardless of their politics.
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Shell is pulling out of Russia, dumping Gazprom deal
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Lycanthrope
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Good to see the coordinated effort to isolate Russia economically is continuing.
Shell is pulling out of Russia, dumping Gazprom deal
Shell's CEO explained the move in an emotional statement.www.foxbusiness.com
Now THIS matters. This is where the Russian wealth comes from. Good on Shell.
Irrelevant. So long as we export more than we import.
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Kind of a dumb concept. Unless you are suggesting you are going to boycott every company that has stores or investments in Russia. Which I am guessing you are only demanding one side does. Have you heard of hypocrisy? Fun word - look it up.
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Shell/BP have enough $ to eat the losses. Russia? Not so much.
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Err, you sure? BP's market cap has been halved over the last ten years. If they have to eat a $10B loss, that's 10% of their market cap at this point. RDS is relatively stable, but only slightly higher. It would eat 7% of their value.
Correction: BP is anticipating a $25B writedown (oooooof). Shell's loss is much smaller at an anticipated $3B.
That BP hit is incredible though. Losing 25% of your capitalization in one swoop.
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Shell is pulling out of Russia, dumping Gazprom deal
Shell's CEO explained the move in an emotional statement.
Now THIS matters. This is where the Russian wealth comes from. Good on Shell.
No real effect and actually a benefit to Russian real wealth. Shell gained those assets most likely in the 1990's when Russia was broke and sought any deals. So Shell picked them up cheap, now the pull out will see Shell get rid of them cheap, allowing Russians to pick them back up at a reasonable rate.