

On hedging, BP and Shell set different timelines
Shell has much larger share of derivatives classified as current than BP
Oil giants BP and Royal Dutch Shell both reported billions in outstanding derivatives at end-2018, though Shell has a far higher share of its portfolio due to expire over the next year.
Shell posted gross derivatives assets of $7.8 billion for the year, of which 93% were listed as current assets – meaning they are expected to mature within one year. Gross derivatives liabilities hit $8.6 billion, 84% of which were designated current.
In contrast, BP reported $9 billion of derivatives assets
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