|Bid||2,616.00 x N/A|
|Ask||2,616.50 x N/A|
|Day's Range||2,602.00 - 2,621.00|
|52 Week Range||2,209.50 - 2,708.00|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||922.97|
|Forward Dividend & Yield||1.48 (5.70%)|
|1y Target Est||N/A|
LONDON , June 25, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces that on 25 June 2019 it purchased the following number of "A" Shares for cancellation. ...
(Bloomberg) -- Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as the Vaca Muerta. And ever since engineers confirmed what an American geologist suspected a century ago -- that the Vaca Muerta, or dead cow, contains massive amounts of oil and gas -- the rush to replicate the U.S. fracking boom was on.First came YPF SA, the local oil giant, and Chevron Corp. Then the likes of Total SA and Royal Dutch Shell Plc. Between them, they poured some $13 billion into exploration over the past eight years. None of them ever had much to show for it, though. Obstacles kept popping up, and production was marginal.Until now. In the last few weeks, two companies have exported two small cargoes from the formation, one of light oil, the other of liquefied natural gas, foreshadowing what industry officials say will be a steady flow of shipments by the end of the year. It’s way too early to declare victory -- any number of logistical and economic hurdles remain. But it’s the first sign that all the money and time invested might actually pay off, and turn Argentina back into the global energy provider it used to be well over a decade ago.“The system is going to change from one of importing oil and products to one of exporting,” said Sean Rooney, Shell’s chief in Argentina. “And that’s going to grow over time. It’s going to be some hundreds of thousands of barrels a day.”Shell announced in December a scale-up of operations and, in a seal of approval for the first intensive shale drilling outside North America, Exxon Mobil Corp. this month made a similar commitment. Argentina’s light oil shipments are now forecast to reach 70,000 barrels a day next year.What Bloomberg Intelligence Says"Further growth in Argentina’s oil and gas production and, just as importantly, export capability have the potential to markedly constrain trade deficits."\--Jaimin Patel, senior credit analystClick here to read the researchThere’s a long way to go to match -- or even come close to matching -- the benchmark of shale production, the Permian Basin in Texas and New Mexico, where output is driving Gulf Coast shipments to about 2.5 million barrels a day. Infrastructure developments, including roads and gathering pipelines, lag drilling progress. Producers also want the government, which has been shifting Argentina away from protectionism, to finally let exports off the leash. That means ending a right of first refusal for domestic refiners and coming good on a promise to ditch export taxes at the end of 2020.“If industry players and the government embrace this and support energy policies to facilitate exports, we have an exciting opportunity ahead,” said Miguel Galuccio, who led YPF’s first incursions into the dead cow and now runs Vista Oil & Gas, which sent the recent light oil cargo.Drillers must also take into account politics. Most would like to see market-oriented President Mauricio Macri win re-election in October, especially since he faces an opposition ticket featuring former leader Cristina Fernandez de Kirchner, whose capital controls spooked foreign investors.LNG CargoIn addition to the Vista shipment, YPF recently exported Argentina’s first liquefied natural gas from a barge it has anchored off the Atlantic coast. Next quarter, it’s planning more shipments from the barge, which can liquefy as many as eight cargoes a year. There’s also room to grow sales by pipeline to neighbors Chile, Brazil and Uruguay.These gas exports are short-term solutions. With consumption in Argentina tailing off severely in warmer months, domestic drillers need access to much bigger markets to make shale gas investments worthwhile. That’s why they’re already mulling construction of an LNG terminal that could cost $5 billion, either on Chile’s Pacific coast or at an Argentine Atlantic port.“The key to tapping our potential is the LNG terminal,” Marcos Bulgheroni, chief executive officer of Pan American Energy, said at a shale conference in oil city Neuquen this month.Ideally, Bulgheroni said, the dead cow needs both coastal outlets. (No one, it should be noted, really knows why it’s called the dead cow. The most commonly told story in industry circles is that it’s because the formation looks like a cow lying down when viewed from the sky.)If export plans move ahead swiftly, LNG production will soar and by 2024 Argentina could steal market share in Asia from the U.S., especially because tankers sailing from its shores can avoid congestion in the Panama Canal, according to a report by energy research firm Wood Mackenzie.But if Argentina fails to gain a slice of the global LNG market in the next few years, producers would likely pull back drilling plans. To be sure, the nation is still an importer of the fuel.When it comes to supplying energy, time really is of the essence. At the conference in Neuquen, Macri warned a room of oil executives that the world’s slow move away from fossil fuels imperils Argentina’s shale prize.“Oil folks are laid back about the fact there’s still time,” he said. “But you never know where ingenuity will take us. So we need to make the most of the moment.”To contact the reporter on this story: Jonathan Gilbert in Buenos Aires at firstname.lastname@example.orgTo contact the editors responsible for this story: James Attwood at email@example.com, David Papadopoulos, Simon CaseyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Fossil fuel industry giants such as ExxonMobil and Royal Dutch Shell are maintaining an outsized presence at global climate discussions, working to undermine scientific consensus and slow policy progress, according to findings released Wednesday by an environmental monitoring organization.The Climate Investigations Center (CIC) report claims that fossil fuel trade associations have sent more than 6,400 delegates to climate talks since 1995, including delegates from Shell, BP and ExxonMobil.ExxonMobil declined to comment. Royal Dutch Shell and BP did not respond to requests for comment.The CIC’s findings add to an April report that accused the Global Climate Coalition, a fossil fuel-funded industry group, of working to discredit the UN’s Intergovernmental Panel on Climate Change and derail the Kyoto Protocol. Though the GCC disbanded in 2001, its members have continued to attend events representing different organizations, CIC data showed. Former GCC members have attended events representing organizations that include the International Emissions Trading Association (IETA) and the World Business Council for Sustainable Development (Wbscd). Since 2002, the two groups alone have combined to send 2,673 delegates, according to CIC data. ExxonMobil, Shell and BP all belong to at least one of the groups, according to the trade groups’ websites. The companies have collectively contributed 5.2% of global industrial greenhouse gasses from 1988-2015, according to the CDP’s Carbon Majors Database.“While the GCC is gone, its influence may not be,” said Jesse Bragg, media director at Corporate Accountability, a global activist organization. The new report “connects the dots and bolsters the case for why governments need to actually take a look at the influence of fossil fuel trade associations at the international level,” he said.The presence of the fossil fuel industry is, of course, required at such gatherings. Without their cooperation, it would be impossible to implement the large-scale changes needed to combat climate change. But there is a fine line between participation and obstruction. Activists say getting global organizations such as the UN to reconsider how fossil fuel representatives are allowed to participate in the process has been difficult. “They not only do not want a policy, they don’t even want a record of them talking about it,” Bragg said. “That’s been one of the primary obstacles to getting this addressed in the first place.”IETA Chief Executive Officer Dirk Forrister said the trade association does not do any negotiating. "We abide by a Code of Conduct that supports the UNFCCC’s goals and respects the different points of view of the many stakeholders,” Forrister told Bloomberg in an e-mail.The Wbcsd did not respond to a request for comment.“The legacy of fossil fuel corporate impact on the Unfccc process and the IPCC is both invisible and impossible to forget,” said CIC Director Kert Davies in a statement. “Fossil fuel interests have tried from the very beginning to undermine and infiltrate this difficult global agreement to make sure that it failed or faltered at each step. As they win, the planet loses.”To contact the author of this story: Luke McGrath in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Joshua Petri at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Italian prosecutors have complained to Switzerland about lengthy delays in obtaining evidence they have requested in an international corruption case involving oil firms Shell and Eni, a source familiar with the matter said. Milan prosecutors wrote in April to the Geneva prosecutors' office in a previously undisclosed letter, describing their three-year wait for documents to be handed over by Swiss authorities as "unprecedented", the source said. Swiss police found the documents in a briefcase they seized in April 2016 in an inquiry unrelated to the corruption case, and the source said Milan prosecutors believed the documents could be vital to their prosecution of Eni and Shell.
Editor's note: This story was previously published in April 2019. It has since been updated and republishedThe benefit of fast-growing stocks is self-evident, but as inflation becomes something to start worrying about, fast-growing stocks have an importance tied to timing. If you haven't noticed, there has been a lot of talk about something that we haven't heard about for almost a decade, inflation.Source: Shutterstock For nearly a decade, the Federal Reserve and all the central banks in all the industrialized nations have been managing interest rates to keep them outrageously low until the financial system had a chance to right itself.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, we're in the next phase of that great experiment. Economies are coming back online and central banks are raising interest rates to keep inflation at bay while not shutting off the green shoots of growth.But this isn't a science. It's a bit messy. It means that growth will be more uneven than it has been in the past. You need to find firms with solid sales earnings growth as well as technical and fundamental strengths to keep the profits rolling. * 6 Stocks Ready to Bounce on a Trade Deal These are five fast-growing stocks to buy today that will keep you in good stead for years to come. Sherwin-Williams (SHW)Sherwin-Williams Co (NYSE:SHW) has sold paint and coatings now for 152 years. That's a pretty impressive record. But it's a bit unusual to see a paint company in a list of top growth stocks. Usually, it's some cloud-storage firm or a breakout online retailer.Source: Shutterstock However, SHW, by its size and reputation, has not only endured but it has positioned itself on top of the coatings heap. It grew from annual sales of $400,000 in 1866 to annual sales topping $15 billion last year, coming from over 100 countries around the world.Its size, scope and quality is one reason hardware giant Lowe's Companies, Inc. (NYSE:LOW) inked a deal to be the only nationwide home seller to offer SHW products. This is even more exciting given that housing demand is back on track and the interest in homeowners to fixing up their current houses. SHW is rated a "B" in my Portfolio Grader system. Vertex (VRTX)Vertex Pharmaceuticals (NASDAQ:VRTX) is one of the leading pharmaceutical firms when it comes to treating cystic fibrosis (CF).Source: Shutterstock That may not seem like much of a franchise given all the other more compelling diseases out there, but VRTX has built a $48 billion market cap in the sector and most of its competitors are looking for other places to find an opening.That is a big deal for pharma companies that usually are strong until patents run down or generics start eating into margins. * 7 Value Stocks to Buy for the Second Half Not so with VRTX. As new approvals keep rolling in for next-generation CF drugs, it has plenty more in the pipeline to keep this growth going. Vertex is rated a "B" by Portfolio Grader. Royal Dutch Shell (RDS.A)Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B) is one of the biggest players in the global energy markets. With a $284 billion market cap, the only Big Oil that's bigger is Exxon Mobil (NYSE:XOM). It's what is called an integrated energy company because it has operations from the fields to the pipelines to the refineries to the distribution.Source: Mike Mozart via FlickrAs with all energy firms, when times are bad, the more exposure you have to the entire production and distribution process, the tougher things get. But at the size the big oils are, they have the money to wait out the bad patches.And that's just what RDS.A has done. Now it's time to cash in. RDS stock is rated a "C" by Portfolio Grader, but it is still delivering a mouth-watering 5.8% dividend. However, that may wane as the stock price starts rising. In the meanwhile, it's easy to see why this is one of our picks for the best fast-growing stocks. Lumentum (LITE)Lumentum Holdings Inc (NASDAQ: LITE) is a specialty company that focuses on laser beams. It's one of the biggest optical and photonics companies in the world that is working on the 3D sensing sector.Source: Shutterstock Essentially, 3D sensing is basically the gesture sensing that we all have become accustomed with in our mobile devices, screens in our cars, etc. It is one of the most ubiquitous aspects of our interactive age and one of the key parts of the Internet of Things (IoT) concept. * 5 Stocks to Buy for $20 or Less LITE stock rates as a "C" in Portfolio Grader, but the broader tailwinds make it worthwhile. That is to say, Lumentum is also a major player in the optical networking space that makes the infrastructure that makes our world "smarter," operating in as close to real time as possible. It's crucial for the next generation of cloud computing and network operations.Its laser division helps build the next generation of equipment that makes all this possible. Knight-Swift (KNX)Knight-Swift Transportation Holdings Inc (NYSE:KNX) had its humble beginnings in 1966, taking steel from the Port of Los Angeles to Arizona and bringing cotton from Arizona to LA. Today, KNX is a $5.78 billion business with 20,000 trucks on the road throughout the U.S. and Mexico. If you see a Swift logo on a truck while driving, it's a KNX truck.Source: David Guo via FlickrCharles Dow, the inspiration for the Dow Jones Industrial Average, also inspired a fundamental theory about the economy and the markets. It's simply called Dow Theory.One of the core tenants is that if you look at the transportation and the industrial sectors, you can predict how well the economy will be doing in the near future. If the transport business is rising, that's a bullish sign that the economy is on an upswing and KNX stock with it.It's worth mentioning, however, that KNX stock sports an "F" rating in my Portfolio Grader system on a quantitative basis, but it has a "C" rating for fundamentals. Its inclusion in this list lies with its astronomical growth -- KNX stock is up 32% from its January low, and its one-year price target of $41.83 represents 25.84% growth. On an earnings basis, Knight-Swift is predicted to grow earnings at a long-term (5-year) rate of 22.96%.Louis Navellier is a renowned growth investor. He is the editor of five investing newsletters: Blue Chip Growth, Emerging Growth, Ultimate Growth, Family Trust and Platinum Growth. His most popular service, Blue Chip Growth, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * 7 A-Rated Healthcare Stocks for Industry Expansion * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Compare Brokers The post Check Out These 5 Fast-Growing Stocks to Buy Today appeared first on InvestorPlace.
How far off is Royal Dutch Shell plc (AMS:RDSA) from its intrinsic value? Using the most recent financial data, we'll...
Royal Dutch Shell wants to build a power business more profitable than the competitive sector's existing players, banking on its global scale and oil and gas income to maximise on the transition to cleaner energy. Demand for electricity is set to soar as Asian economies grow and electric vehicles replace petrol cars. Shell is under pressure to shed the Oil Majors' century-old business model and position itself for a future with lower use of fossil fuels.
Royal Dutch Shell said on Wednesday that all its staff in Iraq are accounted for and its operations in the country are normal, after a rocket struck the site of headquarters of several foreign oil firms near Iraq's southern city of Basra. "We remain vigilant and continue to monitor the security situation and liaise with local authorities," said a Shell spokesman in a statement to Reuters. The rocket hit the site of the residential and operations headquarters of several global major oil companies, including U.S. giant ExxonMobil, early on Wednesday, wounding three people, Iraq's military said.
Royal Dutch Shell PLC has completed a project to expand crude oil storage capacity at its 500,000-b/d Pulau Bukom refinery on Bukom Island, Singapore.
PBF Energy Inc. subsidiary PBF Holding Co. LLC has entered an agreement with Royal Dutch Shell PLC to purchase Shell subsidiary Equilon Enterprises LLC’s (dba Shell Oil Products US) 157,000-b/d dual-coking refinery and integrated logistics assets at Martinez, Calif., for $0.9-1 billion plus the value of hydrocarbon inventory, crude oil supply, and product offtake agreements, and other adjustments.
In the past month, integrated energy stocks have put up a weak performance. Royal Dutch Shell (RDS.A) has been the best performer among integrated energy stocks with a rise of about 0.3% in the past month, while other industry players have posted declines.
Pope Francis said on Friday that carbon pricing is "essential" to stem global warming - his clearest statement yet in support of penalising polluters - and appealed to climate change deniers to listen to science. In an address to energy executives at the end of a two-day meeting, he also called for "open, transparent, science-based and standardised" reporting of climate risk and a "radical energy transition" away from carbon to save the planet. Carbon pricing, via taxes or emissions trading schemes, is used by many governments to make energy consumers pay for the costs of using the fossil fuels that contribute to global warming, and to spur investment in low-carbon technology.
Australia's fast-expanding liquefied natural gas industry has this year been supplying the lion's share of China's growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal. Australia supplied over 53% of China's LNG imports during the first five months of 2019, shipping data in Refinitiv showed, up from around 40% in 2016 when a previous round of new Australian export projects started to ramp up. With Royal Dutch Shell's Prelude facility delivering its first LNG cargo this week from northwest Australia, that share is likely to increase further.