|Bid||244.10 x 0|
|Ask||244.65 x 0|
|Day's range||240.30 - 244.90|
|52-week range||4.69 - 522.90|
|Beta (5Y monthly)||0.48|
|PE ratio (TTM)||N/A|
|Earnings date||27 Oct 2020|
|Forward dividend & yield||0.16 (6.58%)|
|Ex-dividend date||13 Aug 2020|
|1y target est||7.99|
Oil prices are holding their losses on Tuesday after a steep decline for the past two weeks amid fears COVID-19 will lead to further lockdowns.
Royal Dutch Shell (RDSB.L) is looking to cut up to 40% off its costs related to producing oil and gas as it focuses on the renewable energy and power markets.
For decades, the global economy had a nearly insatiable appetite for crude oil. Meanwhile, even with renewable energy starting to steal market share, most industry prognosticators expected this upward trend to continue for the next couple of decades. When combined with the stunning decline in renewable energy costs, this unexpected demand shock is now causing a major shift in the long-term oil market outlook by oil giant BP (NYSE: BP).