SHELL : Jefferies' top pick in the sector
These results have reinforced the broker's view that Shell is becoming the industry leader in capital management: as it becomes leaner, it will be able to maintain the best payout levels to shareholders in the sector, while continuing to deleverage.
Near-term organic growth is supported by continued development and ramp-up activity in Brazil and the Gulf of Mexico, as well as an early LNG start-up in Canada", adds Jefferies.
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