Royal Dutch Shell profits slide 15 per cent amid low oil prices October 31, 2019 Royal Dutch Shell became the third oil supermajor to feel the strain of low oil prices this week as profits fell 15 per cent in the third quarter. However, Shell still managed to comfortably beat analysts’ expectations, posting earnings of $4.8bn (£3.7bn), well ahead of the $3.91bn anticipated. Read more: Total latest to suffer from [...]
What is powering ISA millionaire portfolios? April 3, 2019 | City Talk By Jemma Jackson from interactive investor. For our ISA millionaires, investment trusts and a little luck are key to a seven-figure portfolio. Whilst there is always a huge focus on the most popular ISA season funds, data from interactive investor suggests that when it comes to the largest portfolios, it is investment trusts that are [...]
Shelling out: Oil major doubles chief executive Ben van Beurden’s pay March 14, 2019 Shell’s chief executive doubled his salary last year as he combed home €15m (£13m) in performance-related pay. Ben van Beurden grew his remuneration to €20m in 2018, up from around €10m the year before, the company announced today. Read more: Shell posts highest earnings in four years as cost cutting pays off “The remuneration committee is [...]
Royal Dutch Shell opens talks with Iran by promising $2bn debt repayment August 24, 2015 Royal Dutch Shell has become the first UK company to take a major step towards reviving its trade relationship with Iran. Read more: If a nuclear deal is reached, Iran will be bursting with investment opportunities – here's what to look out for During a visit to the oil-rich country yesterday, the company's head [...]
The great oil reset: Shell to axe 6,500 jobs as black gold price set to stay low July 31, 2015 Oil giant Shell revealed yesterday that it will axe 6,500 jobs this year, as new figures highlight the extent of cost-cutting throughout the industry. Shell slashed capital expenditure to around $30bn (£20bn) for 2015, a reduction of $3bn since the group’s last update in April. With extremely low oil prices taking their [...]
Royal Dutch Shell share price soars as it confirms 6,500 job cuts while £47bn takeover of BG Group “progresses well” July 30, 2015 Royal Dutch Shell's share price climbed this morning after confirming it is cutting 6,500 jobs while revealing a 35 per cent drop in profits for the three months to 30 June. The figures The oil giant is struggling amid falling prices and heightened competition. Profits were down more than a third to $3.4bn for [...]
Royal Dutch Shell expects to save “billions” through BG Group deal July 19, 2015 Royal Dutch Shell has told investors that the massive £55bn takeover of BG Group will produce “billions” in savings. Projected savings from cost reductions verifiable under takeover rules, such as merging headquarters, come to about £1bn, but the company has said that savings are actually likely to be a “multiple” of this, because of “value [...]
Shell’s plan to drill in the Arctic is approved by US Department of Interior May 11, 2015 The Arctic is one of the most oil and gas-rich places on the planet, containing an estimated 20 per cent of the world's undiscovered reserves. It's no wonder, then, that Royal Dutch Shell has set its sights on drilling there, and it has just received “conditional” approval from the US Department of Interior to do [...]
BG Group pre-tax profit plunges 62 per cent on plummeting oil prices May 8, 2015 The figures BG Group said pre-tax profit plunged 62 per cent to $715m (£463m) in the first quarter, down from $1.9bn during the first quarter a year earlier. Total earnings were $233m, including a post-tax loss of $332m on disposals, re-measurements and impairments in the first quarter of 2015. This was down from $1.1bn and included a post-tax loss [...]
Shell profit beats expectations as asset sales top $2bn April 30, 2015 The figures Royal Dutch Shell beat first quarter profit expectations, even as earnings on a current cost supplies (CCS) basis excluding identified items plummetted by well over 50 per cent. CCS earnings, the oil industry's preferred measure, fell by 56 per cent to $3.2bn from $7.3bn at the same stage last year as global crude prices [...]