|Bid||2,535.00 x 216300|
|Ask||2,630.00 x 249300|
|Day's Range||2,541.00 - 2,604.50|
|52 Week Range||2,017.00 - 2,604.50|
|PE Ratio (TTM)||1,640.38|
|Forward Dividend & Yield||1.36 (5.36%)|
|1y Target Est||N/A|
LONDON—The environmental damage around the site of two Royal Dutch Shell PLC oil spills in Nigeria a decade ago has worsened significantly after years of delay to cleanup efforts, according to a report that the oil giant has been accused of trying to shield from public view. The spills from a ruptured Shell pipeline spewed thousands of barrels of oil over parts of the Bodo fishing community in the crude-rich Niger Delta. Although the company in 2015 reached an out-of-court settlement with the local community, admitting to liability and agreeing to pay £55 million, or around $80 million at the time, in compensation, controversy around the case has remained.
NEW DELHI/SINGAPORE (Reuters) - India's top explorer Oil and Natural Gas Corp has awarded its first mini-term tender to sell Brazil's heavy crude oil Ostra in June-November to Shell, three sources familiar ...
A political row over Europe's energy security is not hindering preparatory work for the subsea Nord Stream 2 gas pipeline from Russia to Germany, with dredging work starting off the Baltic coast last week. The new pipeline, an initiative of Russia's Gazprom (GAZP.MM) and five European companies, will double Russia's export capacity of 55 billion cubic metres to Germany.
An auction of oil by the Brazilian government from coveted offshore pre-salt fields has only attracted the interest of one bidder, Royal Dutch Shell Plc (RDSa.L), a person familiar with the matter said on Thursday. The auction, scheduled for May 30, is the first time the government will sell its share of oil in the pre-salt, where billions of barrels of crude are trapped beneath a thick layer of salt under the ocean floor. Shell confirmed in a statement that it has registered to bid in the auction.
Despite their enticing nature, oil stocks are always tricky. Subject to multiple factors, particularly geopolitical pressures, the energy sector is often a hit-or-miss affair. Additionally, with the current Trump administration at the helm over unprecedented issues, this year should be especially unpredictable.
A briefcase seized from a Geneva apartment two years ago could be the key to an Italian bribery case against Royal Dutch Shell Plc and Eni SpA -- if it makes it to Milan in time. The bag held SIM cards, Nigerian passports, a laptop and a hard drive containing more than 40,000 documents, and belonged to Emeka Obi, according to a spokesman for the Geneva Prosecutor’s Office. Swiss prosecutors found it during a raid for an unrelated investigation and are trying to get it to their Italian colleagues, who are prosecuting Obi as an alleged middle man in a $1.1 billion kickback scheme involving the energy companies vying for a Nigerian oil license.
Norway's $1 trillion (£748.91 billion) wealth fund voted against a motion at Shell's (RDSa.L) annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to do so. Long-term investors with $10.4 trillion of assets under management, including banks BNP Paribas (BNPP.PA) and HSBC (HSBA.L), had called on Shell to set firm carbon emission targets in line with the 2015 Paris Agreement on climate change. Tuesday's motion was opposed by 95 percent of the company's investors on Tuesday, including the Norwegian fund, whose spokesman said it believed companies were in a better position to set their own targets.
Norway's $1 trillion wealth fund voted against a motion at Shell's annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to do so. Long-term investors with $10.4 trillion of assets under management, including banks BNP Paribas and HSBC , had called on Shell to set firm carbon emission targets in line with the 2015 Paris Agreement on climate change. Tuesday's motion was opposed by 95 percent of the company's investors on Tuesday, including the Norwegian fund, whose spokesman said it believed companies were in a better position to set their own targets.
Corp. plans to reduce methane emissions 15% by 2020, the latest in a series of pledges by major oil companies to voluntarily curtail releases of the potent greenhouse gas. The Texas-based company also said it intends to cut flaring, or burning of natural gas, by 25% over the same period. Exxon’s move Wednesday, a week before its annual meeting May 30, comes as pressure from investors mounts on big oil companies to not only disclose climate-related business risks, but also take action to reduce emissions linked to global warming.
The UK's top share index was knocked down of its highs on Wednesday and sustained its biggest loss in two months as oil majors and commodity-related stocks fell but well-received results made Marks & Spencer a bright spot. The blue chip FTSE 100 index closed down 1.17 percent at 7,785.08 points. Energy stocks took around 37 points off the index as shares in Royal Dutch Shell fell 3.3 percent and BP declined 1.9 percent.
The UK Oil and Gas Authority (OGA) on Wednesday awarded 123 licences to 61 companies to explore for and develop new fields in the North Sea, in the latest sign of confidence in the ageing basin that has enjoyed a revival in recent years. The round could unlock about a dozen undeveloped discoveries containing an estimated 320 million barrels of oil equivalent (boe), it added. The North Sea was one of the world’s first offshore basins, and has produced oil for more than four decades.
Royal Dutch Shell (RDSa.L) said on Wednesday a declaration of force majeure remained in place on shipments of Nigerian Bonny Light crude oil, while exports at the Forcados shipping hub were running as normal. Shell's Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC), said on May 17 it had declared force majeure on exports of Bonny light following a shutdown on the Nembe Creek Trunk Line stream.
The Norwegian Supreme Court began hearing an appeal on Wednesday from some of the owners of the Gassled gas network that are challenging government cuts to pipeline tariffs. A Norwegian appeals court ruled in 2017 against the owners in a lawsuit in which they had argued that the cut in tariffs was unlawful and would cost them 15 billion Norwegian crowns (1.4 billion pounds) in lost earnings through 2028. The case against the government is being pursued by four investment companies - Solveig Gas, Silex Gas, Infragas and CapeOmega - which bought Njord Gas Infrastructure, the original owner.
Norway's $1 trillion sovereign wealth fund, the world's largest, voted against a motion presented at the annual general meeting of Royal Dutch Shell calling on the energy giant to set climate targets. Long-term investors with $10.4 trillion of assets under management, including banks BNP Paribas and HSBC , had called on the energy giant to set firm carbon emission targets in line with the 2015 Paris Agreement.
German solar battery maker sonnen has secured 60 million euros (53 million pounds) in funds from Shell Ventures and existing shareholders to expand at home and abroad. Shell Ventures, a unit of the Anglo-Dutch oil major that has been boosting its investments in solar and other renewables, was a lead investor in the latest funding round, sonnen Chief executive Christoph Ostermann told Reuters. "We also want to invest in broadening our sonnen community and our virtual power plant (VPP), and expand our offering of grid-related services," the sonnen CEO said, adding that the firm aimed to turn a profit in Germany in two years.
TOTAL S.A. (TOT) signed a natural gas resources development deal with the Government of Oman, while Rex Energy Corporation (REXX) confirmed filing for Chapter 11 bankruptcy protection.
A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said. The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.S. mainland in range of its nuclear weapons.
Lawyers for the Bodo community in Nigeria's oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation. The Bodo oil spills have been the subject of years of legal wrangling. In 2015, Shell accepted liability for the spills, agreeing to pay 55 million pounds to Bodo villagers and to clean up their lands and waterways.
Royal Dutch Shell Plc has seen off the two most debated issues at its shareholder meeting -- the boss’s pay and responsibility in tackling climate change. The company won the backing of about 94 percent of shareholders to not set specific emission-reduction targets, with Chief Executive Officer Ben van Beurden saying it is taking “leadership” on the issue. Van Beurden has said he understands best how to steer Europe’s largest oil and gas company through a life-changing energy transition, and is several steps ahead of what activist shareholders are demanding.
Top investors in Royal Dutch Shell on Tuesday put pressure on the oil and gas giant to commit to hard targets to reduce greenhouse gas emissions to battle climate change. Shell has set out "ambitions" to halve carbon emissions by 2050 and expand in renewables, goals Chief Executive Officer Ben van Beurden said were ground breaking for the oil industry.
Royal Dutch Shell shareholders on Tuesday approved the 2017 management remuneration, including Chief Executive Officer Ben van Beurden's 8.9 million euro (7.8 million pounds) package, by a majority of 75 percent. The 2016 remuneration resolution won the support of more than 92 percent of shareholders. Board member Gerard Kleisteree, who heads Shell's remuneration committee, said the lower support was due in part to an accident in Pakistan last year where more than 200 people were killed in an explosion of a tanker operated by a Shell sub-contractor.
Royal Dutch Shell (RDSa.L) shareholders on Tuesday approved the 2017 management remuneration, including Chief Executive Officer Ben van Beurden's 8.9 million euro ($10.51 million) package, by a majority of 75 percent. The 2016 remuneration resolution won the support of more than 92 percent of shareholders. Board member Gerard Kleisteree, who heads Shell's remuneration committee, said the lower support was due in part to an accident in Pakistan last year where more than 200 people were killed in an explosion of a tanker operated by a Shell sub-contractor.
Singapore authorities have levied new charges against a group of fuel thieves operating at Royal Dutch Shell's oil refinery in the city-state, raising the value of the stolen fuel to over $40 million from around $10 million in earlier charges, according to court documents reviewed by Reuters on Tuesday. Five former employees of Shell's Singapore subsidiary received 51 additional charges in court on Friday for suspected theft at the Pulau Bukom refinery, Shell's biggest, to bring the total allegations against them to 63 each, the documents showed. An additional three former Shell employees received eight additional charges for incidents involving 16,394 metric tonnes of gasoil valued at around $8.4 million, raising their total allegations to 15.