|Bid||2,580.00 x 216300|
|Ask||2,651.00 x 249300|
|Day's Range||2,583.00 - 2,652.50|
|52 Week Range||2,040.50 - 2,652.50|
|PE Ratio (TTM)||1,407.98|
|Forward Dividend & Yield||1.41 (5.38%)|
|1y Target Est||N/A|
A strike by Norwegian offshore oil and gas workers accelerated on Monday when hundreds more walked out in a dispute over pay and pensions after employers failed to respond to union demands for a new offer. The strike, which began last Tuesday, has had a limited impact on Norway's oil production so far, but some drillers warned of possible contract cancellations if the dispute goes on for a month or more. Safe went ahead with its plan to expand the strike after employers did not respond to its demands for higher wages and pension benefits by a midnight (2200 GMT) Sunday deadline.
A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has slightly hit oil output after employers did not respond to demands for higher wages and pension benefits. The union is adding 900 workers to the strike, under a plan announced last week, after failing to win concessions before a midnight (2200 GMT) deadline since almost 700 workers on the rigs went on strike on Tuesday. The expanded strike will not have any immediate extra impact on oil or gas production beyond the closure last week of Shell's (RDSa.L) Knarr field, which produces 23,900 barrels of oil equivalent per day.
A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40 billion ($30 billion) liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is unmistakable in Kitimat, British Columbia, the Pacific coast city hugging a deep inlet that would be the closest launch point on the continent for LNG cargoes to Asia. The lights are on, shades open and SUVs parked outside a 49-unit apartment complex built to house Shell executives, which sat mostly darkened for the last two years.
A Norwegian union representing striking oil workers and employers' representatives were not talking to each other as of Thursday, days before a possible escalation of the industrial action. Equinor (EQNR.OL), Norway's largest oil and gas producer, reiterated that the strike had halted some of its drilling and well intervention operations, though the company's output remained unaffected.
Royal Dutch (RDS.A) is a pretty good value pick, as it has decent revenue metrics to back up its earnings and is seeing solid earnings estimate revisions as well.
Short interest in Royal Dutch Shell (RDS.A), expressed as a percentage of outstanding shares, has fallen from 0.11% on June 6 to the current level of 0.09%. Usually, everything else being equal, a decline in short interest could indicate a decrease in bearish sentiment for a stock. Also, during this period of falling short interest, Shell’s stock price rose 0.5%.
The prospects for a massive gas export plant on Canada’s Pacific Coast are looking bright, according to executives of service companies that would have a hand in supporting the facility. LNG Canada, the Royal Dutch Shell Plc-led group that’s considering building a C$40 billion ($30 billion) liquefied natural gas facility in British Columbia, is giving every indication that it’s planning to approve the project, the executives said at a panel in Calgary on Wednesday. A flurry of activity this year in the remote Pacific town of Kitimat, where the facility would be located, has raised optimism that the project will be built, giving Canada a long-sought way to export its energy products to Asia.
On July 5, 2018, industry leaders met in London for Shell Powering Progress Together to discuss this year's topic: The Future of Mobility: Visions of Transportation in 2040, according to Shell Global. In response to an audience member's question, as reported by Energy Voice, Royal Dutch Shell plc (ADR) (NYSE: RDS-A) CEO Ben van Beurden expressed his support of the 2040 ban, going so far as to suggest that speeding up the ban could be even more beneficial.
In this part, we’ll review Royal Dutch Shell’s (RDS.A) forward valuations ahead of its earnings scheduled on July 26, 2018.
In this series, we’ve reviewed Royal Dutch Shell’s (RDS.A) Q2 2018 estimates, segment-wise prospects, stock returns, and stock price forecast ahead of its expected earnings release on July 26, 2018. Nine analysts are currently covering Shell (RDS.A). Eight analysts have assigned a “buy” or “strong buy” rating to the stock, and one has assigned a “hold” rating.
In this part, we’ll look at Royal Dutch Shell’s (RDS.A) stock price forecast range for the period until its earnings. Shell is expected to post its Q2 2018 earnings on July 26. This price range forecast will be based on the current level of implied volatility in Shell.
HOUSTON (Reuters) - An electrical malfunction triggered flaring on Tuesday at Royal Dutch Shell Plc's (RDSa.L) Deer Park, Texas, refining and petrochemical complex, Gulf Coast market sources said. Shell ...
MELBOURNE, Australia—The initial public offering of commodity trader Vitol Group’s Australian fuel supply and marketing business has been priced at the bottom end of the indicative range. Depending on what stake Vitol and its partners retain in Viva Energy Australia, the float could raise between 2.4 billion Australian dollars (US$1.79 billion) and A$2.89 billion, making it the biggest IPO in Australia for several years.
Royal Dutch Shell Plc shut the crude distillation unit and coker at its 218,200 barrel-per-day (bpd) Norco, Louisiana, refinery overnight for at least a month's planned maintenance, sources familiar with plant operations said on Tuesday. Shell spokesman Ray Fisher declined to comment. The 240,000 bpd DU-5 CDU and 25,000 bpd coker were expected to shut at least a month for the work, the sources said.
Investing.com – Crude oil prices settled higher Tuesday despite falling sharply from session highs on concerns that the loss of Iranian crude from the global market may not be as severe as many had anticipated.
Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached. Royal Dutch Shell (RDSa.L) said that due to the strike it was temporarily closing production at its Knarr field, which has a daily output of 23,900 barrels of mostly oil, but also natural gas liquids and natural gas.
In this article, we’ll analyze Royal Dutch Shell’s (RDS.A) segmental earnings performance in Q1 2018 and then move onto Shell’s Q2 2018 earnings expectations. Shell’s adjusted profit rose by 41% YoY due to a threefold rise in upstream earnings in Q1 2018 over Q1 2017, which was mainly led by higher oil prices. Also, Shell’s integrated gas earnings doubled year-over-year in Q1 2018 led by higher volumes and realizations. However, Shell’s downstream earnings declined by 33% YoY in the first quarter due to the weaker refining environment.
Royal Dutch Shell (RDS.A) is expected to release its Q2 2018 results on July 26. Before we review the Q2 2018 estimates, we’ll recap Shell’s Q1 2018 performance compared to the estimates.
A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action at the weekend. Shell was forced to shut down its Knarr field, which produced about 23,000 barrels a day of oil and 3,500 barrels of natural-gas liquids a day in April, according to the latest available public figures. It’s the first time since 2012 that a strike in Norway’s oil and gas industry, the country’s main earner, has affected output.
In this article, we’ll compare the forward valuations of integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP). CVX is also trading above the peer averages, but Shell and BP are trading below the peer averages on both metrics. Why are XOM and CVX trading at premium valuations while Shell and BP are trading at discounted valuations?
In the previous article, we analyzed the institutional holdings in integrated energy stocks. In this article, we’ll consider changes in these stocks’ short interests.
Saudi Aramco is more resilient to oil price slumps than its biggest listed rivals, its 2016 accounts indicate, giving a rare insight into the state energy giant's finances ahead of a proposed flotation. The full-year accounts, not publicly available but seen by Reuters, show Aramco's net income fell by about 21 percent to $13.3 billion in 2016 - when oil prices collapsed to a 12-year low of $27.10 a barrel due to a global glut of crude. By comparison, the net income of Exxon Mobil Corp, the world's largest listed oil company, dropped 51 percent in 2016, while the earnings attributable to shareholders of Royal Dutch Shell, the No.2 listed oil firm, fell 37 percent, excluding items.