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Posts under ‘Oil Company Profits’

Shell Profit Rises on Higher U.S. Oil and Gas Prices

Extracts from a Bloomberg News article by Eduard Gismatullin published 31 July 2014 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings rose 33 percent on higher U.S. energy prices and increased production. Profit excluding one-time items and inventory changes gained to $6.1 billion from $4.6 billion a year earlier, The Hague-based […]

Shell boosts FTSE 100 after earnings double

Extracts from a MarketWatch article published 31 July 2014 LONDON (MarketWatch) — The U.K.’s benchmark’s stock index rose for the first time in two days on Thursday, getting a lift from shares of Royal Dutch Shell PLC after the oil giant’s earnings jumped in the second-quarter. The oil major said its second-quarter profit more than […]

Royal Dutch Shell sees ‘robust’ profits rise

BBC News article published 31 July 2014 Oil giant Royal Dutch Shell has described its performance as “robust” after its second-quarter profits more than doubled. Shell said profits for the period rose to $5.15bn (£3bn) from $2.39bn a year earlier. Stripping out the impact of one-off charges, underlying profits were still 33% higher at $6.13bn. […]

Europe’s ‘ghost town’ refineries spook oil company results

Extracts from a Reuters article by Christopher Johnson published Wednesday 23 July 2014 LONDON, July 23 (Reuters) – Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices. Poland’s PKN Orlen and Czech processor Unipetrol both announced unexpected large losses on […]

Impact on Royal Dutch Shell from Putin’s Missile

The whole geopolitical situation has now become even more precarious following the deliberate shooting down of the Malaysian Airlines Flight MH-17. If that was not bad enough, it transpires that over 170 of the people on board the ill-fated flight were Dutch and three of the passengers were Shell employees. What will Ben van Beurden do if it is […]

Buy Royal Dutch Shell on a pullback, says Jim Cramer

Extracts from a CNBC article by Drew Sandholm published 11 July 2014 It seems a major turnaround is unfolding at Royal Dutch Shell, making its stock very attractive should it fall from current levels, CNBC’s Jim Cramer said Friday. “The CEO has basically said, ‘Look, we’ll do whatever’s necessary to make money here.’ And there’s a […]

Royal Dutch Shell Feeling the Pain

Extracts from a Motley Fool article by Rupert Hargreaves under the headline: “Did ExxonMobil Make the Right Decision About Europe?” Feeling the pain There’s no company that is feeling the pain more than Royal Dutch Shell (NYSE: RDS-B ) . Shell’s CEO, Ben van Beurden previously described the company’s refining sector results as “unacceptable.” It’s […]

Wal-Mart tops global Fortune 500, edges out Shell

Extract from a CBS money watch article published 7 July 2014 Wal-Mart Stores (WMT), the world’s largest retailer, topped the latest Fortune 500 global rankings of the most valuable companies by revenue, edging out Royal Dutch Shell (RDS.A), the Anglo-Dutch oil and natural gas company, which finished in second place. This marks a comeback for Wal-Mart, […]

Are Asset Sales the Answer for Royal Dutch Shell plc?

Extracts from a Motley Fool article by Arjun Sreekumar published 23 June 2014 On Monday, Shell announced the sale of a 19% stake in Woodside Petroleum, a deal that is expected to raise $5 billion. On Wednesday, the company announced that it had filed a registration statement with the U.S. Securities and Exchange Commission related […]

Shell starts search for successor to chief

Extract from a Financila Times article by Andrew Parker and Guy Chazan published 8 June 2014 One person familiar with the situation said Mr Ollila was planning to step down because of corporate governance rules, and that the timing of his departure had nothing to do with Shell’s recent financial difficulties. Ben van Beurden became the company’s […]

Diminishing Shell in Australia

Extracts from a Sydney Morning Herald article by Michael West published 2 June 2014 under the headline: “Is petrol producer an empty Shell?” Suffice to say that Shell has contributed to the Australian economy in a big way over the years. Not quite so big any more, though. Shell Australia has become less an Australian […]