It is significant, then, that Shell relies on gas for 48% of its fossil fuel production by energy value, while the corresponding ratio at other giant oil companies is between 37% and 41%.

FORBES: Magazine Article

It is significant, then, that Shell relies on gas for 45% of its fossil fuel production by energy value, while the corresponding ratio at other giant oil companies is between 37% and 41%.

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Natural gas was selling in the teens then, in roughly a 1:6 ratio to the energy value in a barrel of oil, and pricing was proportionate.

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