|Bid||2,207.00 x 0|
|Ask||2,208.00 x 0|
|Day's range||2,199.00 - 2,234.00|
|52-week range||3.05 - 2,637.50|
|Beta (5Y monthly)||0.83|
|PE ratio (TTM)||878.14|
|Forward dividend & yield||1.43 (6.37%)|
|Ex-dividend date||14 Nov 2019|
|1y target est||N/A|
Nigeria's financial crimes watchdog charged a former attorney general suspected of taking bribes to facilitate a $1.3 billion oil block sale, the agency said on Tuesday, in the latest twist in one of the industry's biggest alleged corruption scandals. An international investigation into the 2011 sale of the offshore oilfield known as OPL 245 by Malabu Oil and Gas has entangled two of the industry's biggest players, Shell and Eni, as well as an array of powerful figures from the previous Nigerian government. Mohammed Adoke, Nigeria's ex-attorney general, was charged with receiving the U.S. dollar equivalent of 300 million naira in 2013 to facilitate the OPL 245 deal and help waive taxes for Shell and Eni, according to a charge sheet filed in an Abuja high court last week.
The Royal Dutch Shell share price is under threat from climate change, but could the company's stock price crash as a result? The post Could climate change cause the Shell share price plunge to 1,300p? appeared first on The Motley Fool UK.
Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday. In a report with the World Economic Forum presented in Davos, the IEA said oil and gas companies face a critical challenge as the world increasingly adopts clean energy transitions to curb global warming.
Big oil has been living beyond its means for years according to a new report from the Institute for Energy Economics and Financial Analysis, with a shortfall of over $200 billion
Police detained 185 protesters in central Brussels on Saturday after the environmental protest group Extinction Rebellion staged demonstrations at a car show in protest at the auto industry's role in CO2 emissions that cause climate change. The protest came only days after the European Commission unveiled ideas on how to finance its flagship Green Deal project that aims to make the European Union a CO2 emissions-neutral area by 2050, in part through the transformation of the car industry. A member and former spokesman for the group, Christophe Meierhans, said Extinction Rebellion targeted the car industry because it told "a lot of lies in order to sell more cars".
Canadian oil producers and refiners have cut processing rates this week as extreme cold weather grips Western Canada, traders familiar with the matter said on Friday. Cold weather has spread across western Canada this week. Syncrude, one of the largest producers of crude oil from Canada's oil sands, as well as North West Refining (NWR), which operates the Sturgeon refinery, have declared force majeure, two traders familiar with the matter said.
* Wall Street opens slightly higher Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. The pan-European index hit a fresh high today as the market was celebrating the Phase 1 of the trade deal between the U.S. and China. The STOXX 600 gained 0.9% with the basic resources index jumping 2%, while the FTSE 100 was up 0.9% thanks to a weaker pound.
* Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. The Amsterdam Exchanges Index hit its highest today in almost 19 years.
Shell and Russia's Gazprom Neft have expanded their Russian joint venture by acquiring a licence for exploration and production of conventional hydrocarbon reserves in West Siberia, the two companies said on Friday. The JV, Salym Petroleum Development (SPD), will get the Salymsky 2 block in the Khanty Mansiisk Autonomous Region.
BEIJING/GUANGZHOU (Reuters) - Royal Dutch Shell signed a memorandum of understanding (MoU) with China National Offshore Oil Corp (CNOOC) to build its first commercial-scale polycarbonate production plant in the southern Chinese city of Huizhou. Polycarbonate is a transparent and impact-resistant polymer, widely used to make vehicle headlights and LED spotlights.
I like it for its stability and high income compared to other FTSE 100 companies.The post Forget Cash ISAs and the Lloyds Bank share price! I’d invest in this high dividend FTSE 100 stock appeared first on The Motley Fool UK.
The World Economic Forum said the biggest threats to global stability and prosperity over the next 10 years are all climate related.
Shell thinks aviation fuel will be one of the critical growth areas to explore, as ground vehicle transportation fuel and other segments are expected to decline over time
Harvey Jones says Middle East tensions are having little impact on the shares prices of BP plc (LON: BP) and Royal Dutch Shell (LON: RDSB).
Royal Dutch Shell Plc is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter. If completed, this and other asset sales currently underway would reduce Shell's North American refining operations to large plants on the U.S. Gulf Coast, said the people, speaking on condition of anonymity as the talks are private. Oil and gas major Shell has publicly committed to selling more than $5 billion (3.8 billion pounds) of assets per year in 2019 and 2020.
* U.S. and Iran signal desire to avoid further conflict * China to sign U.S. trade deal in Washington next week * UK retailers in focus: M&S down 10% after Xmas update, Tesco up * Tech leads broad based rally, oil stocks underperform Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org CLOSING SNAPSHOT: FLIRTING WITH RECORD HIGHS (1659 GMT) The STOXX 600 hit another record high during the session at 421.43 points before losing just a bit of steam and closing at 419.64 points. Wall Street is also currently hitting record highs as traders cheer easing tensions in the Middle East and on-going optimism about the U.S.-China trade deal.
(Bloomberg) -- Royal Dutch Shell Plc is seeking a bigger share of Mexico’s fuel market, even as regulatory changes make it harder for foreign companies to compete.The Anglo-Dutch oil major, which already owns about 200 gasoline stations in 12 states in Mexico, plans to grow its share of the retail fuel market to as much as 15% from 1% now. The company also plans to import more of the fuel it sells in Mexico, the bulk of which it continues to buy from state-owned Petroleos Mexicanos. Today, about 30% of that fuel is imported by train into the state of Guanajuato.“When you think of the market in Mexico we have the chance of being fully integrated,” Murray Fonseca, Shell’s downstream director for Mexico, said in an interview. “If the conditions stay the same, Mexico will become a heartland for Shell.”The company’s investments come as the leftist government of Andres Manuel Lopez Obrador has sought to bolster Pemex’s position in the sector, while dialing back the prior administration’s free-market reforms. Under his government, Mexico has moved to roll back regulations designed to level the playing field against Pemex, and has slowed the process for approving fuel-import permits.$1 Billion InvestmentWhile analysts have raised concerns that the changes could stifle foreign investment, Shell is staying the course.“We’re not thinking about pulling back,” Fonseca said. “As a matter of fact, we’re planning to invest more heavily in 2020 than we did in 2019.”Eventually, Shell expects to produce oil in Mexico, having snapped up 11 blocks in the country’s most competitive offshore oil auctions, and transport it to the company’s U.S. refineries for processing. Shell would then sell the refined product back to Mexicans.The company also aims to have 1,500 service stations open in Mexico over the next five years and is looking to launch its first electric car charging station in Mexico this year, said Fonseca. It plans to invest about $1 billion in the coming decade in service stations and other infrastructure, and aims to double the number of employees in its fuel retail business in Mexico over the next five years.Shell’s plan to boost fuel imports relies on the opening this year of two new terminals in Tuxpan and Tula owned by Mexico City-based Invex, which will bring its product by ship from its Deer Park, Texas, refinery complex on the U.S. Gulf Coast, a joint venture between Shell and PMI, Pemex’s trading arm, and other refineries on the Gulf coast. The company began importing by rail last year.Even so, Mexico’s lack of energy infrastructure and market uncertainties could affect whether Shell succeeds in increasing imports. While foreign companies including BP Plc, Chevron Corp and Exxon Mobil Corp have begun bringing in their own fuel, many gasoline retailers continue to rely on Pemex for the bulk of their supply needs because it owns the vast majority of storage terminals and pipelines.“We need to take a look at it on an almost month-by-month basis,” Fonseca said. “But rest assured, we’re going to increase the supply envelope.”(Adds additional information on Shell’s fuel retail business in eighth paragraph. An earlier version corrected a company statement about the percentage of fuel Shell imports into Mexico, in second paragraph.)To contact the reporter on this story: Amy Stillman in Mexico City at email@example.comTo contact the editors responsible for this story: David Marino at firstname.lastname@example.org, Jessica SummersFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Royal Dutch Shell's New Energies boss Mark Gainsborough will step down in April and be replaced by Elisabeth Brinton, who joined the business in 2018 and will oversee the company's plans to expand its low-carbon and power business. Gainsborough, a 39-year Shell veteran, set up Shell's New Energies four years ago as the oil and gas company faces heavy investor pressure to meet the 2015 Paris climate agreement to limit global warming. A Shell spokeswoman confirmed the moves.
Shares of newly-listed Saudi Arabian Oil Co., or Saudi Aramco, have suffered on fears of all-out war between the United States and Iran, but there are unique features that should prevent an outright selloff. That's according to IPO Edge Editor-in-Chief John Jannarone, who spoke to Cheddar TV in an interview available here. Jannarone explained that […]
Higher oil prices are boosting energy giants like BP and Shell, but I see them as worthwhile investments even in less volatile times.