|Bid||143.90 x 200800|
|Ask||144.00 x 502000|
|Day's Range||143.40 - 145.80|
|52 Week Range||123.90 - 163.50|
|PE Ratio (TTM)||-187.26|
|Dividend & Yield||0.88 (5.34%)|
|1y Target Est||N/A|
On a per-share basis, the Stavanger, Norway-based company said it had profit of 44 cents. Earnings, adjusted for non-recurring gains, were 40 cents per share. The oil and gas company posted revenue of ...
LONDON/PARIS (Reuters) - Europe's major oil and gas companies have turned a corner after a three-year slump, reporting strong growth in profits as cost cutting paid off and vowing to press on with saving more money amid a fragile recovery in oil prices. Royal Dutch Shell, France's Total and Norway's Statoil reported sharp increases in cash flow from operations in the second quarter as profits beat analyst expectations, meaning they can all comfortably pay dividends and reduce debt. Shell led the charge, more than tripling profits in the second quarter from a year ago, boosted by its refining and chemicals business and a 16 percent rise in oil prices.
Three years into a dramatic slump in oil prices, big oil companies seem to have adapted their businesses to a point where they can still generate cash and reduce debt levels even at current oil prices....