Royal Dutch Shell CEO Peter Voser speaks to Insider at Davos 2012.
Shell shares have been now under pressure in recent days on market sold an analyst estimates may be over optimistic cafes now look I'm joined by the company's CFP to those. And Pete I do understand you're caught. Patriotism and these diseases and you're right it doesn't matter I I do -- broad broad patent can we -- first about. The trading environments -- how does that look now. Yeah I think. We can go a few. Months back clearly. You could see that says specifically on modifying -- signed the margins were collapsing. And -- cultural and and that's what you see action coming suing the result so proud of comparing it to someone. And instead -- -- in my mind these are difficult and alignment. I think care of the market he's -- so she routinely says the Iran question. And therefore I think he's ready we'll have time out there about clearly these -- -- 35 news on the pressures and you have seen close is in the US if there -- difficulties in Europe so. I am here are aren't always good that's right Peter and and and and get us out of view on the price I'm what we're about 10% I believe for me a year ago. This time. I've put down 15% from its when he left -- what what what what are you what are you saying for the outlook for the next twelve months surprise. I think you'll have already high volatility in the pricing. During 2000 at twelve. I think -- you go back to forgo Lamy said the other week I'm that he sees actually. That type of price maybe a floor price of problem that and I think that's most probably something you should take into account when you look at 2012. But I could see some short term spikes both ways. Doesn't care at all will depend how much Dick calling me. Will do weather balloon color. You -- all the facing Mazen millionaire in doubles for that option moral to mission holes what companies like show. Do I. -- play in terms of fracturing in the Iran story. The Euro -- story. I think first to pull out a strategy doesn't change that doesn't change I don't know because you believe based. Because you have a long term time horizon you look at out with 3040 years you don't look at the next two quarters. So we will go ahead as our really strong investment profile that you have. And yes we do look at Kyoto bureau so that we do look at the markets but I think these will not change action he -- the way we do we have you -- contingency plans for -- president collapse. I think we are watching this situation you have told about a few things which we can do but I would not say he's he's a contingency plan heavy she's kind of fully forty Google. If you've been talking about another big projects in Russia for years. It has. Hasn't happened want why is it all happened and and will happen any sums it. I think we are interested to invest in Russia BR into folks who signed agreements -- -- -- from. We are looking out an extension in tackling for example mobiles say it. -- RM. Ready -- and in the interest to working to nationally together the tolls are making good programs. But these projects they do take time before you can actually embed -- -- in your investment plans but I'm -- -- -- -- program certainly -- -- I'm hopeful that though the next few quarters we will see now some -- of I'm what I'm exploration prospects in the Arctic contends in the moment from. We are always you very busy in the occupied -- in Russia but will they suicide you know Alaska. Be having Tressel Sweden and Australia make this clear and also there and told stories today is an auction companies are our ongoing. And then I think recuperating lol its all full for experience and technology into doubt but I -- we have focused issues going to be. That's really you know lost maybe I'm making good progress is thought to support beautiful awesome and thanks assortment. Thank you for having --