Sliding oil price makes Maersk reconsider strategy

A.P. Moeller-Maersk CEO Nils Smedegaard Andersen is reconsidering the strategy for Maersk Oil following the dramatic decline of the oil price in recent months.

Photo: Maersk Group

Revenue as well as profits in A.P. Moeller-Maersk's oil business are declining after the oil price has dropped 45 percent.

This development forces A.P. Moeller-Maersk CEO Nils Smedegaard Andersen to reconsider the strategy for Maersk Oil, which has till now been the by far most profitable part of the Maersk Group, according to Danish newspaper Politiken.

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