|Bid||34.46 x 800|
|Ask||34.48 x 4000|
|Day's Range||34.38 - 34.64|
|52 Week Range||29.75 - 40.15|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||9.28|
|Forward Dividend & Yield||1.91 (5.41%)|
|1y Target Est||43.75|
Poland, Germany and Slovakia have suspended imports of Russian oil via a major pipeline, citing poor quality and triggering a rare crisis over supply from the world's second-largest crude exporter. Halting imports from the Druzhba pipeline could trigger legal claims by Western buyers against Russian suppliers, who would in turn seek compensation from Russian pipeline monopoly Transneft, three traders with Western buyers said. The suspension cuts off a major supply route for Polish refineries owned by Poland’s PKN Orlen and Grupa Lotos, as well as plants in Germany owned by Total, Shell, Eni and Rosneft.
Will Shell’s Q1 Earnings Meet Wall Street Estimates?(Continued from Prior Part)Shell’s dividend payment Royal Dutch Shell (RDS.A) has paid steady dividends over the past few years. In Q1 2019, Shell paid a dividend of $0.94 per share (or ADS),
Concerns over contaminated crude has led Poland to suspend oil imports via one of Russia’s main east-west pipelines, in a move estimated to hit about 1.5m barrels a day of supplies. Pern, Poland’s state-run pipeline company, said the decision had been taken after it detected excess levels of organic chloride in deliveries via the Druzhba pipeline, one of the key arteries of a network that links Russia to central Europe and Germany. “In order to protect the Polish transmission system and refinery installations, deliveries of contaminated oil were stopped at Adamowo on the Polish-Belarusian border,” Pern said in a statement.
Oil and gas stocks represent such a significant portion of the energy sector that they are typically considered apart from other types of energy companies. Because oil exploration, production and distribution companies see their fortunes closely linked with the price of crude oil, it frequently makes more sense to consider these companies on their own in this fashion. The Organization of Petroleum Exporting Countries (OPEC) is likely the single largest determining factor when it comes to the oil market.
Italy will fall far short in this year's privatisation programme to rein in public debt, coalition officials said, with the government now aiming to raise a third of the originally planned amount by selling real estate. Italy's public debt rose last year to 132.2 percent of GDP, proportionally the second highest in the euro zone after Greece's and up from 131.4 percent the year before. With the European Commission and financial markets fretting, in its 2019 budget last autumn the government vowed to reverse the trend partly through an ambitious 18-billion-euro ($20.17 billion) privatisation plan.
Italian energy group Eni stuck to its production forecast for the year on Wednesday, as profits in the first quarter missed market expectations. Adjusted net profit in the quarter rose 4 percent to 992 million euros ($1.1 billion), below a consensus of analyst forecasts provided by the company of 1.05 billion euros. The state-controlled major confirmed oil and gas production would grow by 2.5 percent in 2019, driven in part by increases at its giant fields in Egypt and Kazakhstan.
What to Expect from Total’s Q1 2019 Results(Continued from Prior Part)Short interest in Total Short interest in Total (TOT) has fallen by 0.07 percentage points since February 14, 2019, to its current level of 0.04% of its outstanding shares.
released earlier this month, hinges on raising the equivalent of 1 per cent of gross domestic product this year through privatisations. Given the lack of headway, the target will be difficult to achieve, according to several former treasury officials, who said there would almost certainly not be enough time left to close any deals this year.
Eni has signed an exploration and production sharing agreement with the emirate of Ras Al Khaimah, the Italian oil company's latest expansion in the Middle East. The agreement covers Block A offshore Ras Al Khaimah, one of the seven United Arab Emirates (UAE). It was signed between Eni and the emirate's RAK Petroleum Authority, Eni said in a statement on Thursday.
What to Expect from Total’s Q1 2019 Results(Continued from Prior Part)Total stock returnsTotal (TOT) stock has been rising since the start of this year. In this part, we’ll compare Total stock returns to the SPDR S&P 500 ETF (SPY), which is
Volumes from global oil and gas discoveries are likely to rise 30% year over year in 2019, which will mark the highest levels since the crude downturn.
Why Wall Street Expects Lower Q1 Earnings for Chevron(Continued from Prior Part)Chevron’s upcoming earnings results Chevron (CVX) is expected to post its first-quarter earnings results on April 26, 2019. Let’s review the stock’s dividend yield
* Exxon Mobil Corp has hired crude trader Daniel Anderson from Italy's Eni to its offices just outside London, sources familiar with the matter said. * Anderson started at Exxon this week and will cover ...
(Bloomberg) -- The Italian government confirmed its gloomy outlook for the economy Tuesday, following a day of arguments, accusations and finger-pointing between the warring sides of the country’s populist coalition.
2019 is shaping up to be a much better year for oil and gas finds as oil majors have shifted focus and are now pumping more money in exploration efforts
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work thro...
The operation, dubbed “Volcano of Anger,” seeks to “cleanse all Libyan cities of the aggressors,” the Government of National Accord’s military spokesman, Mohamed al-Qonuni, said in a televised statement. Fighting on the outskirts of Tripoli showed no sign of abating despite appeals for calm by global powers and the United Nations. Haftar’s self-styled Libyan National Army continued its push to enter the capital Sunday, conducting airstrikes on a road leading to Tripoli, LNA spokesman Ahmed al-Mismari said.
Lebanon's government has approved a second offshore energy licensing round with bids to be submitted early next year, Energy Minister Nada Boustani said on Twitter on Thursday. Offshore energy development has been a central ambition for successive governments in cash-strapped Lebanon, but political paralysis has caused years of delays and the country is in dispute with Israel over the maritime border along some exploration blocks. Lebanon awarded a first licence for offshore oil and gas exploration and production last year to a consortium comprising France's Total, Italy's Eni and Russia's Novatek, which aims to drill its first well by the end of this year.
Top executives from BP Plc and Eni SpA are among those invited to attend a two-day meeting from June 13, the people said, asking not to be identified before a formal announcement. Chief executive officers of Exxon Mobil Corp., Eni and BP, along with asset manager BlackRock Inc.’s Larry Fink, attended a similar meeting last year, in which they agreed the world needed to transition to lower-carbon fuels while ensuring adequate supply.
Eni's (E) initiative to produce biomethane is in sync with its efforts to protect environment. Also, the product will be utilized in the transport sector.
A three-judge panel found the lower court miscalculated damages because it used a standby rate to determine what Eni would have paid Transocean to complete the contract. It sent the damages decision back to the District Court to recalculate damages based on what work the rig could have performed. Transocean declined to comment on the ruling.