Question
You are analyzing the natural gas reserves of two leading energy companies, Royal Dutch Shell plc (Shell) and BP plc, for the fiscal year 2023.
You are analyzing the natural gas reserves of two leading energy companies, Royal Dutch Shell plc (Shell) and BP plc, for the fiscal year 2023.
Requirements:
- Shell reported natural gas reserves of 100 trillion cubic feet (Tcf) at the end of 2023. BP reported natural gas reserves of 80 Tcf during the same period.
- Calculate the percentage difference in natural gas reserves between Shell and BP.
- Discuss the significance of natural gas reserves for Shell and BP in terms of future energy production and market positioning.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
