|Bid||2,474.00 x 216300|
|Ask||2,474.50 x 249300|
|Day's Range||2,449.50 - 2,488.00|
|52 Week Range||2,449.50 - 2,525.50|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||883.57|
|Forward Dividend & Yield||1.44 (5.96%)|
|1y Target Est||N/A|
Dutch trade unions will meet with Royal Dutch Shell on Thursday afternoon to discuss the wage dispute which has hit production at Shell's Pernis oil refinery and Moerdijk chemical plants in recent weeks. CNV spokesman Piet Verburg said Shell was expected to come with a new proposal to settle the dispute, which has led to work stoppages at Europe's largest refinery and the chemical plants in the Netherlands since April 8. Shell employees would on Friday afternoon weigh the need for further strike action, Verburg said.
The OPEC member will raise output to almost 6 million barrels a day by 2030, overtaking Canada as the world’s fourth-largest producer, as it continues to rehabilitate an oil industry ravaged by decades of conflict and sanctions, the IEA said Thursday. The outlook was downgraded from the agency’s last assessment seven years ago, when it projected Iraq would pump 7.5 million barrels a day by 2030. “Iraq’s potential is huge but the road to increased production is not without obstacles,” said the Paris-based organization, which advises most of the world’s major economies on energy policy.
LONDON , April 24, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces that on 24 April 2019 it purchased the following number of "A" Shares for cancellation. ...
The FTSE 100 index lost 0.7 percent on its worst day in a month, but the midcaps gained 0.4 percent with gold miner Centamin leading gains after a strong quarterly update. The blue chips, which had touched a near seven-month high in the last session, lagged European markets where strong earnings from the likes of SAP and Credit Suisse kept a lid on losses. Bellwethers Shell and BP dropped from multi-month highs as crude prices retreated after having jumped to their 2019 highs this week as the United States pushed to tighten sanctions against Iran.
Blacktip, operated by Shell and co-owned by U.S. oil giant Chevron Corp, Equinor ASA and Repsol, is the company's second material discovery in the Perdido Corridor, Shell's Upstream Director Andy Brown said. "The Blacktip exploration well has encountered more than 400 feet (122 metres) net oil pay with good reservoir and fluid characteristics," the company said.
Shell Offshore Inc, a unit of Royal Dutch Shell plc, said on Wednesday it made a significant discovery at its Blacktip prospect in the deep water U.S. Gulf of Mexico. "Blacktip is Shell's second material ...
Royal Dutch Shell is in talks to buy BP's stake in the Shearwater oil and gas field in the British North Sea for around $250 million, three industry sources told Reuters. Shell, the field's operator, announced plans last year to expand a gas hub around Shearwater, including the construction of a new pipeline. Shell has a 28 percent stake in Shearwater, BP holds 27.5 percent and Exxon Mobil has the remaining 44.5 percent.
The world's biggest liquefied natural gas (LNG) producers including Shell, Total and Petronas are increasingly selling from global supply pools instead of dedicated projects as buyers leverage a fuel surplus to force ever more flexible deals. This marks an accelerated turning from traditional long-term contracts that lock customers into taking regular volumes from specific projects under oil-linked pricing formulas. "A more dynamic and liquid LNG market, and the need for greater flexibility by traditional LNG buyers, is providing opportunities for shipping optimisation and trading, and enabling new entrants such as LNG traders," said Saul Kavonic, head of energy research for Australia at Credit Suisse.
The FTSE 100, whose components earn a large chunk of their revenue from outside the UK, jumped 0.9 percent, with further support from an upbeat Wall Street. The FTSE 250 added 0.3 percent. Shell rose 2.2 percent to a six-month high and BP gained 2.6 percent as oil prices rose in anticipation of tightened supply after the United States said it would end all Iran sanctions exemptions by May.
Which Integrated Stocks Could Post More Gains?(Continued from Prior Part)BP’s implied gains Wall Street analysts expect BP (BP) stock to post gains of ~10% in a year. Suncor Energy (SU), Total (TOT), and Royal Dutch Shell (RDS.A) have higher
in the world” by 2035 as it moves into electricity, oil and gas rivals have been asking if they should be doing the same. Existing power suppliers have begun to worry about whether their business models are secure. Investors, meanwhile, are wondering how Shell will be able to maintain its current level of return on capital and dividends if, as Mr Wetselaar also expects, electricity grows to the point where it accounts for 30 per cent of the group’s activity.
Saudi Aramco will acquire Royal Dutch Shell's 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday. The purchase, which is part of Aramco's strategy to expand its downstream operations, will be completed later this year, they said in a joint statement. Saudi Aramco Shell Refinery Co (SASREF), based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day (bpd).
Global commodities house Trafigura Group said on Wednesday it is entering petrochemicals trading by teaming up with Houston-based Altis Group International to take advantage of an expanding sector. Geneva-based Trafigura estimates the value of the global petrochemical market at $729 billion and growing. The joint venture will have two units - one in Houston and the other in Geneva - with a focus on bulk liquid chemicals such as sulphur byproducts from smelting rather than typical petrochemicals that are used in plastics.
DUBAI (Reuters) - Saudi Aramco plans to buy Royal Dutch Shell's 50 percent stake in Saudi refining complex SASREF, a joint venture between the firms, two sources said on Wednesday. One of the sources said ...
ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation. Spiesshofer's abrupt exit follows the launch of the biggest overhaul in ABB's 31-year history to reposition the company more towards digital industries and agreeing to activist shareholder demands to sell its power grids business. Time ran out for Spiesshofer, who has led ABB since September 2013, following a conference call between board members on Tuesday evening.
Police have arrested 209 people in two days of protests after climate-change activists blocked some of London's most important junctions including Oxford Circus and Marble Arch, causing traffic chaos. The protests, led by British climate group Extinction Rebellion, brought parts of central London to a standstill again on Tuesday. Extinction Rebellion, which generated headlines with a semi-nude protest in the House of Commons earlier this month, is demanding the government reduce greenhouse gas emissions to net zero by 2025.