|Bid||2,520.00 x 0|
|Ask||2,639.00 x 0|
|Day's range||2,519.97 - 2,548.50|
|52-week range||2,209.50 - 2,687.00|
|Beta (3Y monthly)||1.06|
|PE ratio (TTM)||897.17|
|Forward dividend & yield||1.48 (5.87%)|
|1y target est||N/A|
Finding a 5% yield in a world where the S&P is offering less than 2% doesn't need to come with massive risk. Here's the proof.
Jefferies has cut its target prices for integrated energy stocks ExxonMobil (XOM), Chevron (CVX), and Royal Dutch Shell (RDS.A).
A unit at Royal Dutch Shell's Pulau Bukom refinery and petrochemical complex experienced an operational upset on Sunday, a company spokeswoman told Reuters on Monday. "On July 14 at approximately 2pm, the Pulau Bukom Manufacturing Site experienced an operational upset at one of its units, which has resulted in flaring," she said. The Pulau Bukom manufacturing site is an integrated refinery and chemicals site and can process up to 500,000 barrels per day of oil.
Major U.S. oil producers on Tuesday began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance expected to become a storm this week. A tropical depression is expected to form late on Wednesday or Thursday, according to the National Hurricane Center, and move westward across the northern Gulf of Mexico, home to dozens of oil- and gas-producing facilities. Chevron Corp, Royal Dutch Shell Plc, BP Plc and BHP Group Ltd are removing staff from 15 offshore energy platforms, according to company statements.
London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell , saying the oil and gas company's spending plans are out of synch with international targets to battle climate change. The 33.8 million pounds sale represents a fraction of Shell's $261 billion (£209 billion) market value. Sarasin is reviewing its remaining holdings in Shell of around 120 million pounds, according to a spokesman.
The PCK refinery in eastern Germany has halted imports of Russian oil via the Druzhba pipeline after once again finding "slightly elevated" levels of organic chlorides, the refinery's owner Shell told Handelsblatt newspaper on Friday. The pipeline, which brings oil from deep inside Russia to much of eastern and central Europe, has been plagued by a contamination crisis that disrupted flows from the world's second-largest exporter of crude. Organic cholorides are used in oil production but can damage refinery equipment if not removed.
Royal Dutch Shell started selling electricity to business customers in Japan in March, relying on its experiences in North America and Europe to expand its market presence, a spokeswoman for its Japan unit said on Friday. The Nikkei business daily reported earlier on Friday that Shell is considering residential electricity sales in the future, but the spokeswoman said such a decision has not been made. "The Japanese electricity market is attractive for Shell as the market's liberalisation is progressing," she said, but declined to give any numerical business targets.
Italian prosecutors are widening an investigation into suspected obstruction of justice by officials of oil group Eni, sources said, threatening to open a new legal front for the company as it defends itself in a major corruption trial. The inquiry is preliminary and has been overshadowed by the ongoing trial, which centres on the 2011 purchase of a Nigerian oilfield by Eni and oil major Shell, but it is gathering momentum, said three sources familiar with the probe. Milan prosecutors have been questioning a growing number of people, and Eni itself is under investigation, over suspicions that a few company officials tried to discredit two key prosecution witnesses in the corruption case, the sources said.
International oil major Shell and Nigerian stakeholder communities agreed to reopen the flow station for the Oil Mining Licence 25, the regional Rivers state governor said. Shell also agreed in the memorandum of understanding to pay money owed to the communities, according to the statement. Local communities had occupied the flow station and stopped operations for almost two years, in a bid to force Shell to sell the oil mining licence to a local oil firm.
In a meeting on Monday, July 1, OPEC agreed to extend current oil production cuts into the first quarter of 2020. The price of WTI crude is $58.65 per barrel currently, up from $42.53 in December.
"One other non-life-threatening injury was sustained and that individual is being treated at a nearby hospital," Shell said in an emailed response on Monday. Shell did not release details about the deaths. The platform has not been shut down and continues to run smoothly, a Shell spokesperson said.
Silicon Valley-based ChargePoint, one of the world's largest operators of charging stations for electric vehicles, said it had teamed up with local German utility MVV Energie to further expand in Europe's largest economy. ChargePoint will sell its charging equipment via MVV's sales channels, while MVV, headquartered in the German city of Mannheim, will focus on embedding electric charging in its energy services. The partnership aims to make it easier for electric car owners to charge at home while utility clients will be able to control and organise their power demand and electric vehicle charging needs in one place.
Royal Dutch Shell and Exxon Mobil are looking to return to Somalia ahead of an oil block bid round later this year, the East African country's oil ministry said. Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.
Norway's $1 trillion sovereign wealth fund, the world's largest, must assess how the planned phase out of oil and gas exploration and production companies from its investments will be conducted, the finance ministry said on Friday. As part of Norway's efforts to shift its "rainy day" fund away from oil, the country's parliament on June 12 adopted a plan to drop all dedicated oil and gas explorers and producers, as defined by stock market indices provider FTSE Russell, from the fund's benchmark index.