EXTRACT: BP added 11.5p to 582p on continuing talk of a possible merger with rival Royal Dutch Shell, whose A shares rose 45p to £18.76. Such a merger was an unfulfilled dream of ex-BP boss Lord Browne. However after the market closed Shell announced it had bought back 450,000 A shares for cancellation yesterday, something [...]
Posts on ‘May 18th, 2007’
The Times: Share buybacks are in vogue, but keep an eye on the dividend
EXTRACT: It must be noted that 90 per cent of British share buybacks by value have been carried out by just 20 companies, led by Vodafone, BP and Shell, which between them spent £21 billion last year alone. THE ARTICLE May 19, 2007 Nick Hasell: Tempus Last year may have set a record for share [...]
The Times: BP and Shell boosted as oil price pushes FTSE higher
May 19, 2007 Bryce Elder Oil price strength lent the foundation, while another bout of corporate matchmaking provided the froth as the FTSE 100 index reached its best level since September 2000. BP and Shell featured in both categories, with shares at their highest this year as supply fears squeezed Brent crude to an eight-month [...]
The Times: Don’t sue fellow shareholders
May 19, 2007 Graham Searjeant, Personal Investor Whenever companies fail to stand up to an abuse, they give a green light for more and bigger malpractice. That is true of bribery and corruption, of cutting corners on safety or quality, of settling frivolous product liability claims and now of uninsurable class actions from shareholders. A [...]
AFX News Limited: Amsterdam shares close higher; Royal Dutch Shell gains on M&A talk UPDATE
05.18.07, 1:36 PM ET (Updates with full report) AMSTERDAM (Thomson Financial) – Shares closed higher in Amsterdam as heavyweight Royal Dutch Shell surged on continued M&A talk, while steel giant Arcelor Mittal led gainers following target price upgrades at various brokerages, dealers said. The AEX closed up 5.16 points or 0.97 pct at 536.69 after [...]
BBC News: In pictures: A history of adverts
The UK’s History of Advertising Trust, which holds the largest collection of its kind in the world, has launched a new website at www.hatads.org.uk. One example: Shell has produced some famous advertising over the years, including this image from the trust’s Victorian and Edwardian collection.
Bloomberg: Securing African Oil a Major Role for New Command, General Says
By Tony Capaccio May 18 (Bloomberg) — The U.S. military’s new Africa command will help safeguard West African nations’ oil and other energy production against rebel or terrorist attacks, the general organizing the command said today. The U.S. wants to help countries such as Nigeria, its fifth- largest supplier of oil, improve its military’s ability [...]
Time Magazine: Who Is Stealing Iraq’s Oil?
(An oil refinery as seen on the outskirts of the city of Basra. PolarisEssam Al – Sudani / AFP / Getty) Thursday, May. 17, 2007 By ROBERT BAER It took quite a while, but it appears that the Bush Administration has finally gotten around to acknowledging that Iraq has an oil problem. The Government Accountability [...]
The Irish Times: Protesters attempt Shell HQ blockade
Last Updated: 18/05/2007 15:51 Kath Kyle Campaigners protesting against Shell’s Corrib gas pipeline in Co Mayo attempted to blockade Shell’s HQ on Leeson Street in Dublin this morning. In a repeat of a protest last month, around 50 protesters prevented Shell staff entering the building early this morning. Finbar Dwyer of Dublin Shell to Sea [...]
Bloomberg: Oil Companies `Undervalued,’ Dubai International’s CEO Says
By Will McSheehy and Claudia Maedler May 18 (Bloomberg) — Dubai International Capital LLC, which has spent $6 billion since 2004 buying companies including stakes in DaimlerChrysler AG, said oil companies are “undervalued” as investors underestimate the positive impact of sustained high energy prices on earnings. “In the oil and gas sector there are some [...]
Daily Express: Oil Bubbles on talk of a BP Shell merger
Friday 18 May 2007 OIL industry consolidation talk flowed straight to the top yesterday as BP was linked with Shell for a £200 billion-plus alliance. Shell gained 66p to 1859p and BP rose 13%p to 570%p as late afternoon rumours of a merger between two of Britain’s biggest companies did the rounds. Their shares were [...]
Reuters: CORRECTED-(OFFICIAL)UPDATE 1-Shell rises on tie-up talk
Fri May 18, 2007 1:47 PM BST (Deletes reference to ABN AMRO in third paragraph as house broker to Shell after ABN AMRO corrected comments made by a spokeswoman on Thursday) LONDON, May 17 (Reuters) – Shares in oil giant Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) rose more than 4 percent before [...]
AFP News brief: European shares climb on takeover talk
EXTRACT: The price of shares in Royal Dutch Shell climbed 2.18 percent to 1,871 pence and energy peer BP rose 2.45 percent to 584.5 pence amid vague talk of a tie-up between the pair. Europe’s main stock markets rose on Friday on speculation about possible private equity takeovers and further consolidation across a number of [...]
Bloomberg: Shell, BP Merger Is Unlikely Given Few Benefits, Says Bernstein
By Fred Pals May 18 (Bloomberg) — A merger between Royal Dutch Shell Plc and BP Plc, Europe’s two biggest oil companies by market value, is unlikely because of a lack of “strategic benefits,” according to Sanford C. Bernstein. A Shell/BP combination would be politically `unacceptable” with high commodity prices and would also run into [...]
National Post (Canada): Ottawa eyes takeover
Oil companies tell government $16.2-billion Mackenzie Pipeline is dead; Deal could salvage stalled plan to invest in north Claudia Cattaneo and jon Harding, National Post Published: Friday, May 18, 2007 CALGARY – The federal government is exploring taking control of the $16.2-billion Mackenzie Gas Project and buying out the Imperial Oil Ltd.-led consortium that has [...]


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