|Bid||1,421.60 x 0|
|Ask||1,422.20 x 0|
|Day's Range||1,419.40 - 1,448.40|
|52 Week Range||878.10 - 1,718.36|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.50 (3.64%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||N/A|
(Bloomberg) -- Oil clung to losses as investors weighed developments in ongoing talks between world powers to revive the Iran nuclear deal.Futures in London fell as much as 3.1% on Tuesday after a Russian envoy in Vienna said significant progress has been made in efforts to broker an agreement between Iran and the U.S, the BBC Persian news channel reported However, the same diplomat, Mikhail Ulyanov, subsequently took to Twitter to play down reports that a major announcement on the matter was likely on Wednesday.“I said that significant progress have been achieved, in my view,” Ulyanov said in the tweet. “That is true. But unresolved issues still remain and the negotiators need more time and efforts to finalise an agreement on restoration of JCPOA.”A return to the 2015 nuclear deal could allow for the removal of U.S. sanctions on the Persian Gulf country’s crude exports, raising the prospects of more supply coming back to the market. Iran has already been preparing to ramp up global oil sales, though the flow of additional crude may be gradual even if a deal is struck.See also: Iran Gears Up for Return to Oil Market as U.S. Talks AdvancePrices were already weak earlier in the session after Brent futures failed to sustain a rally past the key psychological $70-a-barrel mark, which it hasn’t closed above since May 2019. Meanwhile, concerns are lingering around the worsening Covid-19 crisis in India. The South Asian country’s gasoline exports soared 85% in the first half of May from the same period last month, according to Vortexa.“We’ve had a pretty robust rally, but the question continues to be if we’re going to see some slowdown because of continued issues in India,” said Bart Melek, head of commodity strategy at TD Securities. “The market’s going to need something fundamental happen for prices to break out” to the upside “and at this point we’re not getting it.”Still, oil is joining other commodities in a blistering rally this year. Crude prices are up more than 30%, as raw materials emerge as a hedge against inflation. Much of Wall Street is calling for higher prices, with Goldman Sachs Group Inc. talking up the prospects of $80 a barrel oil. At the same time, the Organization of Petroleum Exporting Countries and its allies are boosting supply to meet rebounding demand.Meanwhile, shippers on the largest U.S. fuel pipeline say they can’t access the pipeline’s communications system, preventing them from making nominations or submitting changes to their batches of fuel. The Colonial Pipeline has been working to restart after a cyberattack more than a week ago caused a spate of panic-buying across a dozen states.In the U.S., oil inventories are expected to have risen last week, according to a Bloomberg survey. If confirmed by U.S. government data on Wednesday, that would be the first weekly increase in three weeks. The industry-funded American Petroleum Institute reports its storage tally later Tuesday.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
ROYAL DUTCH SHELL PLC RESULT OF ANNUAL GENERAL MEETING Royal Dutch Shell plc announces the poll results on the resolutions at its Annual General Meeting held on Tuesday May 18, 2021 at Carel van Bylandtlaan 16, 2596 HR, The Hague, The Netherlands. Resolutions 1-20 were carried and resolution 21 (Shareholder resolution) was not carried. In accordance with the Listing Rules, a copy of all resolutions other than resolutions concerning ordinary business at the Annual General Meeting, will be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism RESOLUTIONVOTES FOR%VOTES AGAINST%VOTES TOTAL% of ISC VOTEDVOTES WITHHELD1Receipt of Annual Report & Accounts 3,605,564,53597.15105,583,2822.853,711,147,81747.53%64,698,1442Approval of Directors’ Remuneration Report3,567,342,83095.86153,872,6704.143,721,215,50047.66%54,753,9183Appointment of Jane Holl Lute3,714,614,28798.7846,026,8881.223,760,641,17548.17%15,317,0154Reappointment of Ben van Beurden3,580,501,16795.27177,668,7964.733,758,169,96348.14%17,805,0395Reappointment of Dick Boer3,704,197,93798.5056,399,7801.503,760,597,71748.17%15,363,0286Reappointment of Neil Carson3,677,858,28897.8082,758,2402.203,760,616,52848.17%15,347,2777Reappointment of Ann Godbehere3,703,566,05498.4857,170,3341.523,760,736,38848.17%15,225,3208Reappointment of Euleen Goh3,704,748,53898.5155,978,4571.493,760,726,99548.17%15,239,8979Reappointment of Catherine Hughes 3,708,123,04298.6052,727,6551.403,760,850,69748.17%15,110,25110Reappointment of Martina Hund-Mejean3,710,108,02998.6650,547,4931.343,760,655,52248.17%15,310,54511Reappointment of Sir Andrew Mackenzie3,746,019,55899.6214,423,9620.383,760,443,52048.16%15,521,40612Reappointment of Abraham (Bram) Schot3,746,988,47399.6413,576,0330.363,760,564,50648.17%15,385,03413Reappointment of Jessica Uhl3,676,744,85997.7783,736,4112.233,760,481,27048.17%15,476,18314Reappointment of Gerrit Zalm3,626,996,07396.46133,084,0383.543,760,080,11148.16%15,872,49715Reappointment of Auditors3,703,139,00598.4358,886,1141.573,762,025,11948.19%13,943,18516Remuneration of Auditors3,752,965,59099.797,781,6040.213,760,747,19448.17%15,219,57417Authority to allot shares 3,652,922,87197.16106,732,1452.843,759,655,01648.15%16,304,27218Disapplication of pre-emption rights*3,732,591,01799.3922,896,6650.613,755,487,68248.10%20,473,87319Authority to purchase own shares*3,653,700,06998.1070,703,3241.903,724,403,39347.70%51,590,86620Shell’s Energy Transition Strategy3,139,870,45588.74398,536,56811.263,538,407,02345.32%237,591,72821Shareholder resolution*1,111,147,79930.472,535,689,22969.533,646,837,02846.71%129,156,318 * Special resolution Please note that a ‘vote withheld’ is not a vote under English Law and is not counted in the calculation of the proportion of the votes ‘for’ and ‘against’ a resolution. Shell Chief Executive Officer Ben van Beurden said: “Shareholder support is critical as our business changes and we work towards our target to become a net-zero emissions energy business by 2050, in step with society. This shareholder vote on our Energy Transition Strategy is a first for an energy company and we are pleased shareholders demonstrated their strong endorsement with more than 88% of votes cast in favour of our strategy. We thank shareholders for their support and look forward to our continued engagement with them. We also note the outcome of the vote on Shareholder Resolution number 21. We will seek to fully understand the reason why shareholders voted as they did, particularly those who voted both ‘For’ Shell’s strategy and ‘For’ the Shareholder Resolution, and will formally report back to investors within six months". May 18, 2021 Linda Coulter Company Secretary Royal Dutch Shell plc ENQUIRIES Shell Media Relations International, UK, European Press: +44 20 7934 5550 LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70Classification: Additional regulated information required to be disclosed under the laws of a Member State.
Royal Dutch Shell shareholders overwhelmingly backed the company's energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. A non-binding resolution submitted by Shell with the support of a large group of investors to vote on its recently unveiled climate strategy won 88.74% shareholder support at its annual general meeting (AGM) which was held online.