Royal Dutch Shell's megamerger with BG works at a Brent oil price in the low $60s, the company said Tuesday as part of an internal recalculation of the economics of the deal, designed to get the nod from shareholders next month. The Anglo - Dutch major, which announced the tie - up with BG last April, is on a final charm offensive to prove that the deal still has merit, despite the plunge in oil prices. When it was announced, the merger was worth some $82 billion, including debt, at an oil price that was around $55. Prices are now under $37 per barrel and could stay low for years, raising concerns that Shell may have paid too much.
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