Royal Dutch Shell (RDA) Cuts Dividend as Pandemic Hammers Oil
Royal Dutch Shell Plc cut its dividend for the first time since at least the Second World War as the oil slump triggered by the coronavirus pandemic reshapes the energy Continue Reading
Shell Cuts Dividend for First Time Since World War II
Royal Dutch Shell PLC cut its dividend for the first time since World War II after first-quarter profit fell by nearly half as the coronavirus pandemic hit. Energy demand and Continue Reading
Shell sees sharp second quarter oil, gas production fall over COVID-19 shut-ins
Highlights Non-LNG upstream output could fall to 1.75 mil boe/d Cuts first quarter dividend, suspends share buybacks Reports 48% slide in adjusted Q1 earnings London — Shell said Thursday that Continue Reading
Shell Postpones Investment On Two Major Oil Projects
As oil prices collapse, Shell is postponing the final investment decisions (FIDs) for two planned projects, one in the U.S. Gulf of Mexico and another in the UK North Sea, Continue Reading
Shell Plans Major Drilling in Mexico
Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government. The global oil major Continue Reading
Shell’s Profit Tumbles As Weak Prices Weigh On Oil Majors
The first of Big Oil corporations reported Q4 and full-year 2019 results on Thursday, and the financials Royal Dutch Shell ( NYSE:RDS.A ) released doesn’t bode well for the rest Continue Reading
Shell posts 6% oil output growth in Q4, as earnings suffer
Shell’s upstream oil production increased by 6% on the year to 1.77 million b/d in the fourth quarter of 2019, contributing to what CEO Ben van Beurden insisted is a Continue Reading
Shell ‘not spending enough’ on new energies: CEO
Shell CEO Ben van Beurden said Thursday the company was “not spending enough” on its new energies business, particularly in electricity. Speaking to journalists following the release of Q4 earnings, Continue Reading
Shell’s Slide Is A Major Red Flag For Oil Markets
Royal Dutch Shell reported a steep drop in earnings in the fourth quarter, and the financial squeeze may slow the pace of share buybacks and force more asset sales. Shell’s Continue Reading
Shell profits halve in ‘challenging’ economic conditions
Lower oil and gas prices, weaker refining and chemicals margins and “challenging” economic conditions almost halved Royal Dutch Shell’s fourth quarter profits and forced the energy major to slow the Continue Reading
Shell Aims For Dominance In $325 Billion Aviation Fuel Market
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. One of Continue Reading
Shell Makes Haynesville Shale Deal
Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell’s subsidiary, BG US Production Company. Castleton Commodities International LLC’s subsidiary, Castleton Resources LLC (CR), has Continue Reading