VOL. XLVI

No 10

10-March-2003

SUPPLY/DEMAND

BP, Shell Switch Focus To Financial Returns Above Production Growth

BP and Shell have both indicated a strategic shift away from production growth targets as the main means of measuring performance in favor of financial returns. Announcing their full year financial results in February, the two companies also demonstrated that their short-medium term investment focus was outside the Middle East/North Africa region (MENA), where both companies are building...