Jun 27th, 2016
by John Donovan.


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 read more
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Jun 27th, 2016
by John Donovan.

By Staff Writer on Jun 27, 2016
Problems of international oil and gas companies, including Shell and Chevron Corporation (NYSE:CVX), in Nigeria might end in the near future as the militant group, Niger Delta Avengers, has asked the Nigerian President Muhammadu Buhari to visit the southern region of the Niger Delta. The group has asked the President to hold a referendum in the country and to assess how the multinationals and the government are adversely impacting the locals. The talks between the two parties are expected to bring an end to the political turmoil in the country, which has been haunting Africa’s biggest economy for the past few months. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
Jun 27th, 2016
by John Donovan.


…with the fossil fuel giant battling a gigantic $70bn debt pile as well as a sickly revenues outlook, I believe asset sales alone may not be enough to keep the balance sheet afloat, and that dividend cuts could still be on the cards.
By Royston Wild – Monday, 27 June, 2016
Despite the volatility smashing financial markets on Friday — Britain’s decision to exit the European Union caused the FTSE 100 to shunt 3.2% lower — oil sector shares proved to be extraordinarily robust.
Indeed, fossil fuel giant Shell (LSE: RDSB) saw its share price slip just 0.3% on the day. This is despite wide risk-aversion pushing Brent back below $50 per barrel, the crude benchmark shedding 5% of its value to rest at $48.50.
Steady… for the moment read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.