Shell's "huge bet" on U.S. shale is regrettable, CEO says

10/8/2013 | MarketWatch

Outgoing Royal Dutch Shell CEO Peter Voser expressed regret over the "huge bet" by the company on U.S. shale, according to a Financial Times article. The firm is yet to recoup its investment in U.S. oil and natural gas shale amounting to at least $24 billion. Shell is uncertain if the firm will resume its Arctic exploration in Alaska in the next two years after the setbacks in its initial exploration, Voser said.

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