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S&P Global Ratings Takes Multiple Rating Actions On Major Oil And Gas Companies To Factor In Greater Industry Risks


S&P Global Ratings Takes Multiple Rating Actions On Major Oil And Gas Companies To Factor In Greater Industry Risks
- S&P Global Ratings believes the energy transition, price volatility, and weaker profitability are increasing risks for oil and gas producers.
- To factor this into our ratings, on Jan. 25, 2021, we revised our industry risk assessment to moderately high risk from intermediate risk.
- We have placed our ratings on nine companies and their subsidiaries on CreditWatch with negative implications, as we review the consequences of higher business risks for these ratings.
- We are revising the outlooks on two ratings to negative. ....

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Special Report: How oil majors shift billions in profits to island tax havens


14 Min Read
(Reuters) - Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for European oil giant Royal Dutch Shell Plc.
FILE PHOTO: An oil tank truck fills the pumps at a Shell petrol station in Sao Paulo, Brazil, May 31, 2019. Picture taken May 31, 2019. REUTERS/Nacho Doce/File Photo
In 2018 and 2019, Shell earned more than $2.7 billion - about 7% of its total income in those years - tax-free by reporting profits in companies located in Bermuda and the Bahamas that employed just 39 people and generated the bulk of their revenue from other Shell entities, company filings show. ....

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How oil majors shift billions in profits to island tax havens | Hellenic Shipping News Worldwide

How oil majors shift billions in profits to island tax havens | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Trinidad And Tobago , United Kingdom , United States , St Peter Port , Guernsey General , English Channel , United Kingdom General , City Of , Rio De Janeiro , Estado Do Rio , Peters Port , Eilean Siar , Bryan Kelly , Brian Thevenot , Tom Bergin , Ron Bousso , Richard Parris Smith , David Nicholas , Talbert House , Richard Murphy , Libby George , Los Angeles , Simon Webb , Margaret Cooper , Raymond Baker , Bp Plc ,