Business | Mon Jun 27, 2016 7:26pm IST
** Royal Dutch Shell and BP defy a broad market sell-off after Britain’s vote to leave the EU
** Investors cite oil majors’ dollar dividends and income as key attraction points
** A weaker pound makes Shell and BP a cheaper alternative to U.S. peers Exxon Mobil and Chevron
** With dollar-based dividends, which both companies chose due to the underlying oil price, the depreciation of the pound offered automatic gains
** “The oil sector has been the perfect hedge against Brexit,” says Richard Hulf, co-manager of the Artemis Global Energy Fund, which holds shares in Shell and BP
** There is a rotation into energy stocks, particularly into BP and Shell, says Charles Whall, portfolio manager at Investec Asset Management which holds shares in oil majors
** Shell up 2.5 percent after climbing 6.8 percent on Friday BP up 1 percent, touching a seven-month high on Monday after gaining 8.4 percent on Friday
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
