Oil Prices Surge as U.S. Economy Shows Strength
The oil market experienced a significant boost as oil futures climbed alongside energy company stocks. Following a surprising surge in U.S. economic data, oil prices closed above $80 per barrel…
Shell Jumps 3% as Profit Almost Triples in Q1 2022
(Shell) Shares of Shell rose more than 3% on Thursday after reporting adjusted earnings of $9.1 billion in the first quarter of 2022, compared to $3.2 billion in the prior…
Shell to Create a Single Line of Shares, Drop “Dutch” From Its Name
(Bloomberg) Royal Dutch Shell Plc. will terminate its dual share structure, creating a single line of shares in a restructuring move the company expects to make it competitive. Upon restructuring,…
Third Point Heaps Pressure on Shell to Split to Retain Investors
(WSJ) Third Point LLC is urging Royal Dutch Shell PLC to split into two companies to attract and retain investors dumping the stock on environmental concerns. Third Point, which now…
Royal Dutch Shell Yields to Pressure by Selling $9.5B Worth of Assets in the Permian Basin
(WSJ) Royal Dutch Shell will sell its assets in the US most active oil field, the Permian basin, for $9.5 billion to ConocoPhillips as pressure mounts to cut carbon emissions.…
Shell Raises Dividend by 4% After Earnings Beat Estimates in the First Quarter
Shell raised its dividend by about 4% for a second time in six months after Q1 earnings of $3.2 billion, according to the company’s press release. The earnings were a…
Oil Recoveries to Help Shell Turn First Profit this Quarter Since Pandemic Started
Royal Dutch Shell Plc expects to make the first profit from pumping oil since the start of the pandemic, according to Bloomberg. Shell's upstream unit, which largely handles crude exploration…
Shell Yields to Climate Action Pressure, Vows to Eliminate Carbon by 2050
Energy giant Royal Dutch Shell plans to eliminate net carbon emissions by 2050, an improvement from the initial 65% target, according to Reuters. The company seeks to expand renewables and…