Shell is also accelerating its target for sales of non core assets to between $7 billion and $8 billion in 2010 2011, compared with a previous target of $3 billion a year, Voser said. "It looks like Shell has started to turn a corner," said Panmure Gordon analyst Peter Hitchens. Completion of the restructuring ahead of schedule is a feather in the cap of Voser, and, "whether he can build on this is key," he said. Total oil and gas production was 3.11 million barrels of oil equivalent per day, an increase of 5% on the year due to mainly to new fields starting up 
Share:  <span class="company">Shell</span> is also accelerating its target for sales of non core assets to between $7 billion and $8 billion in 2010 2011, compared with a previous target of $3 billion a year, Voser said.<span class="sent"> "It looks like <span class="company">Shell</span> has started to turn a corner," said Panmure Gordon analyst <span class="analyst">Peter Hitchens</span>. Completion of the restructuring ahead of schedule is a feather in the cap of Voser, and, "whether he can build on this is key," he said.</span> Total oil and gas production was 3.11 million barrels of oil equivalent per day, an increase of 5% on the year due to mainly to new fields starting up....<span class="company">Shell</span> is also accelerating its target for sales of non core assets to between $7 billion and $8 billion in 2010 2011, compared with a previous target of $3 billion a year, Voser said.<span class="sent"> "It looks like <span class="company">Shell</span> has started to turn a corner," said Panmure Gordon analyst <span class="analyst">Peter Hitchens</span>. Completion of the restructuring ahead of schedule is a feather in the cap of Voser, and, "whether he can build on this is key," he said.</span> Total oil and gas production was 3.11 million barrels of oil equivalent per day, an increase of 5% on the year due to mainly to new fields starting up. Analysts were expecting production to rise 2.5%. Tweet this   read full story

Dudley's challenge will be to overcome clean up costs and liabilities from the environmental disaster, which analysts expect to exceed $30 billion. BP is selling assets, reducing investment and cutting the dividend to pay the bills after the spill wiped £45 billion ($70 billion) off the company's market value. "It's all about getting a clean slate," Peter Hitchens, an analyst at Panmure Gordon & Co in London, said before the results were published. "They'll do the kitchen sink job to get it all out of the way at the start rather than a drip drip that will distract from future earnings.". The company reported a $32.2 billion pre tax charge relating to the Gulf of Mexico oil spill. 
Share:  Dudley's challenge will be to overcome clean up costs and liabilities from the environmental disaster, which analysts expect to exceed $30 billion. <span class="company">BP</span> is selling assets, reducing investment and cutting the dividend to pay the bills after the spill wiped £45 billion ($70 billion) off the company's market value.<span class="sent"> "It's all about getting a clean slate," <span class="analyst">Peter Hitchens</span>, an analyst at Panmure Gordon & Co in London, said before the results were published.</span> "They'll do the kitchen sink job to get it all out of the way at the start rather than a drip drip that will distract from future earnings.". The company reported a $32.2 billion pre tax charge relating to the Gulf of Mexico oil spill. Tweet this   read full story

Oil analyst Peter Hitchens, from Panmure Gordon, said: 'They have been forced to do things that they would not normally do. What BP is actually saying is that they have got to decide where they want to do business.'After the sales, production will take a long time to come back to where it was before but there will still be growth at the business , the focus is going to be on important areas like Brazil and west Africa.'. He added: 'It is one of the silver linings to come out of this crisis , it could be a real kick start to the company.'. Dividends for shareholders have already been cut for the first time since World War I and the firm will have to decide whether to reinstate them next February. 
Share:  <span class="sent">Oil analyst <span class="analyst">Peter Hitchens</span>, from Panmure Gordon, said: 'They have been forced to do things that they would not normally do. What <span class="company">BP</span> is actually saying is that they have got to decide where they want to do business.'After the sales, production will take a long time to come back to where it was before but there will still be growth at the business , the focus is going to be on important areas like Brazil and west Africa.'.</span> He added: 'It is one of the silver linings to come out of this crisis , it could be a real kick start to the company.'. Dividends for shareholders have already been cut for the first time since World War I and the firm will have to decide whether to reinstate them next February. Tweet this   read full story