|Bid||31.10 x 1000|
|Ask||0.00 x 1100|
|Day's Range||34.63 - 34.85|
|52 Week Range||29.75 - 40.15|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||9.36|
|Forward Dividend & Yield||1.91 (5.50%)|
|1y Target Est||42.50|
Shell Is Up 6% in Q1 as Recovering Oil, Markets Come to Its Aid(Continued from Prior Part)Shell’s moving averages in the past quartersIn this article, we’ll evaluate Royal Dutch Shell’s (RDS.A) moving averages. Let’s begin by reviewing its
LONDON/DUBAI (Reuters) - Saudi Aramco’s trading arm plans to open an office in London soon as it expands its international business, sources familiar with the move said. Aramco Trading Co (ATC) also opened an office in the bunkering hub of Fujairah, United Arab Emirates in December to trade oil products and hired two traders from Trafigura and PetroChina to run operations there, the sources said. "Last June, a trading office was inaugurated in Singapore, and last December (another) in Fujairah and very soon in London, just like any trading house," one of the sources said.
Indonesia's two presidential candidates pledged on Sunday to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fuelled by palm oil, to cut costly oil imports by Southeast Asia's biggest economy. Indonesia, the world's biggest palm oil producer, has been pushing for all diesel fuel used in the country to contain biodiesel to boost palm consumption, slash fuel imports, and narrow a yawning current account gap. In a televised election debate, President Joko Widodo said if he won a second term the government planned to implement a B100 programme, referring to fuel made entirely from palm oil, after last year making it mandatory to use biodiesel containing 20 percent bio-content (B20).
Eni SpA (NYSE:E) jumped 2.12% to $34.24 per share on the New York Stock Exchange on Friday following the release of results for the fourth quarter and full year of 2018. Based in Rome the Italian multinational oil and gas company recorded a 76.4% year-over-year decline in net earnings to approximately $569.4 million but a 50% year-over-year growth in adjusted net earnings to approximately $1.66 billion in the final quarter of 2018. Warning! GuruFocus has detected 2 Warning Sign with E. Click here to check it out.
South Africa, where oil major Total recently made a big offshore discovery, said on Friday it had potential gas resources of up to 60 trillion cubic feet in waters off its coast. Last week Total's chief ...
Norway's decision on the copper mine has been viewed as a litmus test for the Arctic, where climate change and technology are enabling mineral and energy extraction, shipping and tourism, but threatening traditional ways of life. "The mining project will strengthen the industrial base in the north," Industry Minister Torbjoern Roe Isaksen of the centre-right coalition government said in a statement.
On a per-share basis, the Rome-based company said it had profit of 32 cents. Earnings, adjusted for non-recurring costs, were 94 cents per share. The energy company posted revenue of $22.89 billion in ...
The Italian oil major said quarterly net profit fell 76% to 499 million euros from EUR2.05 billion a year earlier. Eni attributed the disparity to gains of EUR2.7 billion booked in the year-earlier period on the sale of stakes in projects in Egypt and Mozambique. Adjusted operating profit for the quarter, which strips out the effects of these one-off gains, rose to EUR2.99 billion from EUR2.00 billion, outstripping a company-compiled consensus of EUR2.88 billion.
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BRUSSELS/LONDON (Reuters) - The European Union has convened a wide-ranging industrial group to work on promoting the euro and fighting the monopoly of the U.S. dollar in oil and commodities trading, reflecting broader tensions with Washington over trade and sanctions. The group, which involves executives from European oil firms such as OMV (OMVV.VI) and Eni (ENI.MI) and gas and power firms such as Fluxys (FLUX.BR) and Engie (ENGIE.PA), will meet behind closed doors in Brussels under the auspices of the European Commission on Thursday. Participants are invited to dig into "constraints on (market-initiated) alternatives to the use of U.S. dollar through wider use of the euro, in spite of the benefits of such a change", the Commission said in materials prepared for the meeting.
Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt's largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. The awards marked Exxon Mobil's entry into gas exploration in Egypt, while Shell was handed the most concessions, three for oil and two for gas, at an annual petroleum show that Egypt has used to promote itself as a hub for gas production and trading in the Eastern Mediterranean.
Feb 12 (Reuters) - Egypt announced the winners of an international bid round for oil and gas exploration on Tuesday, with a total of 12 concessions awarded. The companies awarded oil exploration concessions ...
The contract will provide investors with incentives to explore for fossil fuels in undeveloped areas, Egypt’s oil minister Tarek El-Molla said in an interview. “We’re improving the cost-recovery process to be faster, less bureaucratic and more efficient,” El-Molla said. The government will launch a new bid round in the Red Sea this quarter, he said.
A final investment decision, commonly called FID, for a massive offshore natural gas block in Mozambique is expected to be ready by March or April, the chairman of Mozambique's national oil company ENH said in New Delhi on Sunday. This is the first time any of the seven partners in the block has given a specific timeline regarding an investment plan for the block, located east of Mozambique's Rovuma basin and called Area 1. An FID for the block could unlock value in one of the world's biggest recent gas discoveries, estimated at 75 trillion cubic feet.
Israel has attacked French energy major Total after its chief executive told the Financial Times that it was too “complex” a country to invest in. Israel’s energy minister Yuval Steinitz, who was visiting London to drum up interest in the country’s next gas licensing round and discuss energy co-operation, said companies such as Total that refused to invest in Israel were living in “past decades” and were in hock to the “tyranny and dictatorship” of Tehran. “I reject it with two hands, I think this is a miserable view,” Mr Steinitz told the Financial Times.
Much of the debate about how the world can minimise the risk of the worst effects of climate change has a similar flavour: we may be on a worrying trajectory today, but we can assume that amazing new technologies will emerge to enable steep cuts in greenhouse gas emissions. An interesting report, from a team led by Daniel Yergin of IHS Markit and former US energy secretary Ernest Moniz, this week tried to set out an approach for developing those technologies that goes beyond simple wishful thinking. The chart below, showing fuel shares in US energy consumption since the 19th century, gives a sense of the scale of the challenge.
Discover the top five dividend-paying oil companies for 2018 and what factors contributed to their ability to continue dividend payments.