Oil Rout Prompts Moody's to Consider Shell, Total for Downgrade

  • Moody's says crude slump will result in much lower cash flows
  • Prices may recover more slowly than companies project

Shell, Total and other oil companies have been battered by a more than 75 percent collapse in crude prices over the past 18 months amid a global supply glut.

Photographer: Andrey Rudakov/Bloomberg

Royal Dutch Shell Plc, Total SA and Statoil ASA, three of Europe’s biggest oil producers, were among more than 100 energy companies whose credit ratings were placed on review for possible downgrade by Moody’s Investors Service.

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