|Bid||32.18 x 900|
|Ask||32.22 x 1000|
|Day's range||32.13 - 32.89|
|52-week range||21.26 - 66.48|
|Beta (5Y monthly)||0.93|
|PE ratio (TTM)||8.32|
|Forward dividend & yield||3.76 (10.76%)|
|1y target est||53.13|
Transaction in Own Shares 27 March 2020 • • • • • • • • • • • • • • • • Royal Dutch Shell plc (the ‘Company’) announces that on 27 March 2020 it purchased the following.
Biffa foresees significantly reduced demand for its industrial and commercial collection services as many clients cease or limit trading in response to the Covid-19 outbreak. Last month, Biffa published its long-term sustainability strategy Resourceful, Responsible. The company says the strategy will improve its capability to support its customers’ recycling efforts by unlocking an estimated £1.25bn of much-needed investment in UK green economy infrastructure by 2030.
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES.
China is buying a record 1.6 million tonnes of Russian oil for loading at sea over the next four weeks, taking advantage of rock bottom prices for Russia's flagship Urals grade combined with a collapse in demand in Europe, traders said on Wednesday. The volumes make for a new monthly record of Urals supply to China after they surpassed 1.2 million tonnes in January. The deliveries could also indicate China is using the collapse in oil prices to fill its strategic reserves.
The world's biggest oil and gas firms should break an industry taboo and consider cutting dividends, rather than taking on any more debt to maintain payouts as they weather the fallout from the coronavirus pandemic, investors say. The top five so-called oil majors have avoided reducing dividends for years to keep investors sweet and added a combined $25 billion to debt levels in 2019 to maintain capital spending, while giving back billions to shareholders. Oil prices have slumped 60% since January to below $30 a barrel as demand collapsed because of the pandemic and as a battle for customers between Saudi Arabia and Russia threatened to flood the market with crude.
Even the 'Big Oil' companies don's seem to be immune to this price crash as evidenced by spending cuts by supermajors Royal Dutch Shell (RDS.A) and TOTAL S.A. (TOT).
Apart from bridling costs, Shell (RDS.A) puts its $25- billion share buyback plan on the back burner to survive the current oil price distress.
Oil markets are at a critical turning point, with demand plummeting and low prices forcing shale producers into a corner
Shell became the latest oil major to announce significant spending cuts to protect its balance sheet from crashing oil prices, joining other majors such as Exxon in the drive to optimize costs at oil below $30 a barrel
Royal Dutch Shell and Total suspended their share buyback programmes and announced billions of dollars in capital and operational spending cuts as the energy majors seek to buffer themselves against oil market turmoil. Shell said on Monday it was taking steps to ensure its “financial strength and resilience”. The Anglo-Dutch group will not continue with the next tranche of its share buyback programme.
Royal Dutch Shell will lower spending by $5 billion (4.3 billion pounds) and suspended its vast $25 billion share buyback plan in an effort to weather the recent collapse in oil prices, it said on Monday. The Anglo-Dutch oil major said it would reduce capital expenditure to $20 billion or below from a planned level of about $25 billion while seeking to reduce operating costs by an additional $3 billion to $4 billion over the next 12 months. The cuts are expected to boost Shell's cash generation by between $8 billion and $9 billion on a pretax basis.
The following announcement is being made pursuant to the requirements of Rule 19.6(b) of the City Code on Takeovers and Mergers (the "Code"), which, inter alia, require a party to an offer, save with the consent of the Panel on Takeovers and Mergers, to promptly make an announcement should it decide to take a course of action different from its stated intentions during the period of 12 months or such longer stated period from the end of the offer period explaining its reasons for doing so.
As the COVID-19 virus spreads across the world - seriously impacting people’s health, our way of life and global markets - Shell is putting the safety and health of our people and customers first, along with the safe operations of all our businesses. “As well as protecting our staff and customers in this difficult time, we are also taking immediate steps to ensure the financial strength and resilience of our business,” said Ben van Beurden, Chief Executive Officer of Royal Dutch Shell. “The combination of steeply falling oil demand and rapidly increasing supply may be unique, but Shell has weathered market volatility many times in the past.”
A FTSE 100 company announcing cost-cutting measures is hardly surprising right now. Adjusting to a tremendous collapse in the Brent crude oil price — down by almost half in just one month — tests the mettle of all oil producers. “Shell has weathered market volatility many times in the past,” said chief executive Ben van Beurden.
European stock markets are set to open lower Monday, with investors worried about the extent of support from policymakers to combat the economic damage from the coronavirus as the number of cases continue to rise sharply around the world. At 3:29 AM ET (0729 GMT), the DAX futures contract traded 0.9% lower. France's CAC 40 futures were down 1.1%, while the FTSE 100 futures contract in the U.K. fell 1.3%.
The rebound in oil prices on Thursday didn’t last long as bearish sentiment once again took hold on Friday morning, with some analysts contemplating the possibility of $5 WTI