|Bid||1,421.20 x 0|
|Ask||1,421.80 x 0|
|Day's range||1,407.40 - 1,448.09|
|52-week range||15.20 - 1,523.00|
|Beta (5Y monthly)||0.99|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.49 (3.52%)|
|Ex-dividend date||13 May 2021|
|1y target est||N/A|
Shell (RDS.A) may divest Permian assets to focus more on clean energy.
Royal Dutch Shell has signed a non-binding memorandum of understanding (MoU) with Singapore state firm JTC Corp to explore developing a solar farm on part of a landfill in southern Singapore, the companies said on Thursday. If successful, the solar farm will reduce the city-state's carbon emissions and meet its growing clean energy needs, they said in a statement. The solar farm will be the first large-scale solar project in Singapore where a sanitary landfill is also used for clean energy generation, they said, adding that the project is aligned with Singapore's target to increase solar deployment to at least 2 global warming potential (GWp) by 2030.
Ironically, the wave of ESG investing in global energy markets may lead to much higher oil prices as a serious lack of capital expenditure on new fossil fuels dries up just as demand for crude continues to grow