RDS-B - Royal Dutch Shell plc

NYSE - Nasdaq Real Time Price. Currency in USD
59.65
+0.88 (+1.49%)
As of 11:29AM EDT. Market open.
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Previous Close58.77
Open59.24
Bid59.63 x 900
Ask59.63 x 1000
Day's Range59.04 - 59.67
52 Week Range54.64 - 67.45
Volume490,365
Avg. Volume2,017,587
Market Cap232.792B
Beta (3Y Monthly)0.66
PE Ratio (TTM)12.02
EPS (TTM)4.96
Earnings DateN/A
Forward Dividend & Yield3.76 (6.40%)
Ex-Dividend Date2019-08-15
1y Target Est80.75
Trade prices are not sourced from all markets
  • Bloomberg

    U.K. Politicians Push for Divestment of BP and Shell Shares

    (Bloomberg) -- A group of 300 British politicians are pushing the trustees of the Parliamentary Pension Fund to sell shares of BP Plc and Royal Dutch Shell Plc to ward off the risks of climate change.The group, organized by environmental non-profit 350.org, adds to pressure on the fossil fuel industry. Over the last two weeks, climate change activists from the group Extinction Rebellion have disrupted London by blocking roads and climbing on commercial airplanes. Just weeks before that, an estimated 7.6 million people globally took to the streets to protest continually rising emissions.“Reducing our dependence on fossil fuels is probably the single most urgent challenge we face,” the Former Archbishop of Canterbury, Lord Rowan Williams of Oystermouth, said in a statement. “Divestment will send a positive and hopeful message to the people of this country.”The U.K. politicians pushing for divestment said dumping shares in Shell and BP from its 700 million pound ($909 million) pension fund would reduce risk associated with the sector. A panel of bankers at the Oil & Money conference in London earlier this month drew comparisons between oil companies and the tobacco industry, which shrunk after it was socially ostracized and drawn into expensive legal battles.The pledge was signed by politicians from the U.K.’s largest political parties and backed by 30 former MPs including London Mayor Sadiq Khan. In a statement, supporters argued divestment aligns with other actions Britain has taken to address climate change. Parliament declared the world is in a “climate emergency” in May and some lawmakers said they will come up with a new investment policy that factors in the impact of global warming.The Parliamentary Pension Fund holds 11.6 million pounds of BP shares and 10.9 million pounds of Shell shares.“We agree that action is needed now on climate change, so we fully support the Paris agreement and the need for society to transition to a lower-carbon future.” a Shell spokesman said in an emailed statement. “We’re committed to playing our part, by addressing our own emissions and helping customers to reduce theirs. In the U.K., we support the government’s target of net-zero emissions by 2050.”BP didn’t respond to a request for comment.While it’s hard to link divestment directly to changes in fossil-fuel consumption, supporters of the practice believe it can urge companies to adopt cleaner practices. Shell said in its last annual report that the divestment movement could have “a material adverse effect” on its share price and could restrict its access to new capital needed to grow.To contact the reporter on this story: Kelly Gilblom in London at kgilblom@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Helen RobertsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Egypt exported 172.8 bln cubic feet of gas from Idku in 2018/19 - EGAS

    Egypt exported 172.8 billion cubic feet of liquefied natural gas (LNG) in 45 shipments from its Idku plant in the 2018-2019 financial year, state-owned company EGAS said in its annual report. Egypt became self-sufficient in natural gas in late 2018 and is seeking to become a regional hub for energy trading by liquefying gas and re-exporting it. The oil minister said in March that Egypt was aiming to export 2 billion cubic feet per day by the end of 2019.

  • Reuters

    UPDATE 2-Shell, consortium exit two Kazakh offshore projects

    NUR-SULTAN, Oct 21 (Reuters) - Royal Dutch Shell has pulled out of the Khazar offshore project next to the giant Kashagan field in Kazakhstan and a multinational consortium including Shell is also dropping plans for the adjoining Kalamkas block, officials said on Monday. "The (Khazar) project was not competitive enough versus other opportunities in Shell’s global portfolio," the company said. Shell had invested about $900 million in Khazar, a unit of Kazakh state energy firm KazMunayGaz said in a statement.

  • Rigzone.com

    Shell Quits Two Kazakh Oil Projects

    Royal Dutch Shell Plc abandoned two oil projects off Kazakhstan after stubbornly high costs made them uneconomic.

  • Reuters

    Canadian East Coast LNG export plans progress with Pieridae's Shell deal

    Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said. The Goldboro LNG terminal would be the first on Canada's East Coast and compete with the growing number of plants on the U.S. Gulf Coast, hoping its shorter distance to Europe and further west will help sell its LNG by cutting shipping costs.

  • Reuters

    Canadian E.Coast LNG export plans progress with Pieridae's Shell deal

    Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said. The Goldboro LNG terminal would be the first on Canada's East Coast and compete with the growing number of plants on the U.S. Gulf Coast, hoping its shorter distance to Europe and further west will help sell its LNG by cutting shipping costs.

  • Behind The List: No. 1 energy employer in Houston sees drop in global revenue
    American City Business Journals

    Behind The List: No. 1 energy employer in Houston sees drop in global revenue

    Despite its No. 1 spot on the Houston Business Journal's 2019 Largest Houston-Area Energy Employers List, Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) has seen a large drop off in global revenue since 2014. The company reported a global revenue of $279.33 billion in 2018, a 32 percent decrease since 2014, when it reported $421.11 billion in global revenue. The company’s lowest reported revenue was in 2016, when it reported $218.61 billion.

  • PR Newswire

    Royal Dutch Shell plc: Transaction in Own Shares

    LONDON , Oct. 17, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces that on October 17, 2019 it purchased the following number of "A" Shares for ...

  • Reuters

    UPDATE 1-Shell aims to operate Egypt concessions in H2, 2020

    Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said. Shell won three oil and two gas concessions in Egypt in February. Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain an investment upswing spurred by major discoveries.

  • Oilprice.com

    A Draconian Crackdown Looms Over Natural Gas

    Natural Gas is coming up against increasingly strong resistance from environmental activists and the public in general, leading some to question whether it will face the same fate as coal

  • China Beats U.S. 8-1 When It Comes to Charging Electric Cars
    Bloomberg

    China Beats U.S. 8-1 When It Comes to Charging Electric Cars

    (Bloomberg) -- There are almost as many places to charge your electric vehicle in Beijing as there are in the entire United States.China, the world’s biggest market for EVs, has about eight public chargers for each one in the U.S., according to the latest counts. That imbalance likely will become more pronounced as China champions the technology spurring automakers to pivot away from gas guzzlers and accelerates its rollout of electric pumps, enlisting energy giants Royal Dutch Shell Plc and BP Plc along the way.A new-energy vehicle development plan under consideration by Chinese officials and intended to shape the sector through 2035 will set new goals for boosting the number of public and private chargers, a person familiar with the proposal said in September. The nation is said to be weighing a target for 60% of all automobiles sold to run on electric motors by then.All told, China’s electric fleet may swell to 162 million vehicles by 2040, according to forecasts by BloombergNEF.“The availability of charging facilities has been rising pretty quickly,” said Jing Kai, deputy head of the Beijing unit at Qingdao TGOOD Electric Co., which has the country’s largest network of charging plugs. “The goal is to help EV users charge their cars wherever they go, making it as easy as buying a bottle of water.” China’s Ministry of Industry and Information Technology, which oversees policy making for the auto sector, didn’t respond to a faxed query.EVs are essential to President Xi Jinping’s blueprint for creating a manufacturing superpower by 2025. The nation is building at least 20 “EV towns” for carmakers and ancillary industries, and it spent more than $30 billion subsidizing EV sales. China accounts for more than half of global EV sales.U.S. automakers are moving at a slower pace, with Tesla Inc. generating most EV sales. The U.S. subsidizes some purchases, yet those benefits phase out, and BNEF forecasts sales will slump this year.China had 466,101 public charging points by the end of last month, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance. That includes more than 54,000 in Beijing alone.By comparison, there were 60,652 electric nozzles in the U.S. as of June 25, according to BNEF. California has the most of any state with 19,000 — or about the same amount China adds in an average month.With global EV sales forecast to rise to 56 million units by 2040, compared with about 2 million last year, there’s a need to vastly increase the number of publicly accessible chargers — not just to serve the expanding fleet but also to convince wavering consumers they can switch to electric models without fear of being stuck on the highway with an empty battery.As the speed of charging pumps increases, motorists increasingly are likely to refuel at workplaces, shopping malls or on the highway.In the U.S., automakers such as Tesla and Volkswagen AG are leading the push to add more chargers, including high-speed units. The number of points could surpass 400,000 by 2025, according to a forecast by Wood Mackenzie Ltd.Globally, there could be as many as 20 million public charging points installed by 2030, the International Energy Agency forecasts.Yet even in China, a nation with more chargers than any other, drivers still get frustrated trying to find a spot to juice up.Tom He drives a 25-seater Nanjing Golden Dragon Bus Co. Skywell minivan to shuttle workers between home and workplaces in Beijing, and he can cover as many as 160 kilometers (99 miles) on a single charge.“It’s not that easy to find an EV charging place,” He said. “It drives people crazy when you can’t charge them.” Costs also are a consideration, and it’s not uncommon to see EV owners lining up to use charging stations at night when electricity prices are lower, TGOOD’s Jing said. The company operates more than 131,000 connectors that fit almost all EV models in China, according to data compiled by BNEF.“There’s still a long way to go and a lot of issues we need to crack,” Jing said.Billions of dollars in government funding previously directed at lowering vehicle sticker prices now is being channeled, in part, toward expanding the number of charging stations, industry minister Miao Wei said in March. Some local authorities are offering incentives to lower construction costs for developers and to cut charging fees for consumers.There’s a risk that China is rushing too fast to install chargers, especially since the overall car market recorded falling sales in 15 of the past 16 months. That’s contributing to fears the nation’s EV bubble is bursting.Still, BP and Shell, among the energy industry’s biggest investors in cleaner technologies, are making moves to join China’s expansion.London-based BP in August agreed to form a joint venture with ride-hailing company DiDi Chuxing Inc. The companies opened a pilot site in Guangzhou with 10 fast-charging units.Shell, which has acquired two companies in the charging sector in the past two years, installed its first EV pump at a regular gas station in Tianjin.China’s national rollout means some provinces have more chargers than European nations. The western province of Xinjiang has more public pumps than Turkey or Hungary, while Tibet has more than Belarus and Serbia, BNEF data shows.“It’s a challenging job to become competitive in the charging equipment business, but we kept investing heavily in leading technologies,” said Yu Dexiang, founder of TGOOD. “Companies that fail to do these things in the future will be gradually eliminated.”  \--With assistance from David Stringer, Ying Tian, Hannah Dormido, Leonard Kehnscherper and Kevin Dharmawan.To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net, Young-Sam ChoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Exclusive: ExxonMobil scouting for potential cracker site in Beaver County
    American City Business Journals

    Exclusive: ExxonMobil scouting for potential cracker site in Beaver County

    Brokers representing the company were in Beaver County last week, talking about a potential petrochemical plant to serve its customers.

  • Barrons.com

    Why Royal Dutch Shell Stock Could Stand Out From Big Oil

    But Royal Dutch Shell Shell could benefit thanks to strong prices for liquefied natural gas, says a Cowen analyst

  • Exclusive: No choice but to invest in oil, Shell CEO says
    Reuters

    Exclusive: No choice but to invest in oil, Shell CEO says

    Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. Shell, which supplies around 3% of the world's energy, set out in 2017 a plan to halve the intensity of its greenhouse emissions by the middle of the century, based in large part on building one of the world's biggest power businesses. A defiant van Beurden rejected a rising chorus from climate activists and parts of the investor community to transform radically the 112-year-old Anglo-Dutch company's traditional business model.

  • Greenpeace activists climb Shell North Sea platform saying 'clean up you mess'
    Reuters

    Greenpeace activists climb Shell North Sea platform saying 'clean up you mess'

    Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Shell confirmed that protesters boarded the Brent Alpha platform and the Brent Bravo concrete legs.

  • Reuters

    REFILE-Greenpeace activists climb Shell North Sea platform saying "clean up your mess"

    Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Shell confirmed that protesters boarded the Brent Alpha platform and the Brent Bravo concrete legs. Shell is in the process of dismantling the 40-year-old Brent field east of the Shetland islands, in what is known as decommissioning, as its oil and gas reserves dwindle after producing more than 500,000 barrels a day at their peak in the 1980s.

  • Reuters

    UPDATE 3-Brazil raises $2.2 bln in oil auction; Total, Petronas invest big

    Ten companies on Thursday agreed to pay more than $2 billion for the exploration and production rights in 12 offshore oil blocks in Brazil, in what could be a promising sign for even bigger upcoming oil auctions. The most heavily sought after areas in the Thursday auction directly border Brazil's so-called pre-salt area, a coveted zone in which billions of barrels of oil are trapped under a thick layer of salt beneath the ocean floor. The biggest move came from a France's Total SA, which, in a consortium with Malaysia's Petronas and Qatar Petroleum, dropped 4.029 billion reais for one block abutting the pre-salt area.

  • Reuters

    Shell, Mitsubishi, KKR on Eneco auction shortlist -sources

    Royal Dutch Shell, Japan's Mitsubishi Corp and private equity firm KKR have made the final round in an auction for Dutch utility Eneco, three sources close to the matter said. Eneco, estimated by analysts to be worth about 3 billion euros ($3.4 billion), aims to wrap up the process by Christmas. Royal Dutch Shell has teamed with Dutch pension fund manager PGGM while KKR has teamed with Dutch lender Rabobank, the sources said.

  • Which Energy Stocks Should You Consider Pre-Q3?
    Market Realist

    Which Energy Stocks Should You Consider Pre-Q3?

    Energy stocks are slumping due to falling equity markets and plunging oil prices. So far this month, the S&P; 500 Index has fallen 2.8%.