Shell Share Discussion Threads

[waldron] 30/5/2018 20:35

Royal Dutch Shell: Incredibly Secure High Yield
May 30, 2018 10:39 AM ET|
13 comments
|
About: Royal Dutch Shell plc (RDS.A), RDS.B
Olsny Freitas
Olsny Freitas
Long/short equity, special situations, Deep Value, debt
Marketplace
Alpha Generating Society
(727 followers)
Summary

I explain my investment philosophy "great ideas do not need great analysts"

I apply this to Royal Dutch Shell (RDS.A).

RDS.A is a safe investment with a high yield in an industry upturn.

This idea was discussed in more depth with members of my private investing community, Alpha Generating Society.
Thesis

Royal Dutch Shell (RDS.A) (NYSE:RDS.B) is a safe high yield investment because we are in the midst of an oil bull run.
Introduction

The core principle that my investment philosophy is founded on is that great ideas don't require good analysts. I have centered my investment process on this principle: being able to properly value and analyze stocks is tough, knowing where to start looking is even tougher.

If this seems a bit too abstract, allow me to expand. Typically, yield hunters start by looking at, for example REITs, as yields tend to be particularly high. A great starting point one might say. However, today's REIT market is tough and likely only getting tougher as rates are likely to increase. So, perhaps given this negative secular tailwind, it might not be such a good idea to purposefully allocate your money towards such a difficult investment environment.

Unless, of course, you are a great analyst and you are great at picking the best REIT stocks. Unfortunately, the likelihood of this being true is particularly low in the world of investing. So, you might consider getting the foundation right; getting the core idea right. In this case, you'd like a high yield investment within an industry that has a bull run ahead of it. That is why you should consider an investment in the oil industry.
An investment in oil

If you're not really following the oil industry closely, chances are you've only been exposed to the extreme bear market and the enormous growth of shale. For a long time, the narrative was that oil would stay 'lower for longer' because any supply reduction from OPEC would be met by a supply increase from shale. So the thinking went at least.

That narrative is breaking down. In fact, Iran sanctions might push the oil market in such a deficit that Saudi Arabia and Russia are considering increasing the supply to ease the deficit. Clearly, this illustrates Shale can't simply make up for all the lost supply. Especially considering that the number 1 hotspot for Shale, the Permian, does not have the infrastructure in place that it needs for sufficient takeaway capacity. In other words, some producers are unable to transport their oil. This is shown by the WTI - Midland spread of $10.

Still, the worse is yet to come in terms of a supply deficit. I've written extensively on the topic of oil here on Seeking Alpha so allow me to quote myself a bit:

"The years of underinvestment have yet to show their impact.



(Source)

The chart above relays the worldwide capital expenditure in the upstream oil industry per year. As we can see, capex has declined significantly since 2014, with capex in 2016 and 2017 being 38% less than that seen in 2014. Keep in mind that at the same time, demand has increased significantly. While shale has had technological improvements reducing the per barrel cost, it is a mere fraction of the global demand. The vast majority (over 90%) of production has seen per barrel cost more or less stagnant on a relative basis. As such, capex levels should realistically top that of 2014 instead of the current situation."

Indeed, as the old saying goes "the cure to low prices is low prices". Low prices led to balance sheet and cash management. Companies deferred growth and sometimes even maintenance related capital expenditures in the favor of managing their cash burn. But the way oil works is that fields deplete over time which means that oil fields must constantly be replenished with new oil finds. Something that has happened a lot less since the end of 2014. The severe lack of investment will, by my estimation, show itself at the end of 2019 where the world will start to need to find at least an additional 1mbpd of oil just to counter depletion rates.
Royal Dutch Shell

So an investment in oil seems like a great idea. There are many ways to invest in oil so how should one go about it. Well, this the entire point of the investment philosophy "great ideas don't need great analysts". Now, it's a matter of choosing an oil company that will profit from a rising oil market. Luckily for us, this happens to be practically every oil company, because, well, they're oil companies.

Anyone that has some patience and that can avoid extremely highly leveraged firms can successfully pick an oil stock to invest in.

Consider an investment in Royal Dutch Shell, an oil company worth more than $290 billion. The company has a monster balance sheet and a conservative CEO to lead it. CEO van Beurden has a 'lower forever' mindset to which he is referring to costs and not necessarily the price of oil. Paraphrasing, I interpret this to mean 'having such low costs that a low oil environment is sustainable'. In terms of numbers, RDS.A is doing great. The company, on a four-quarter rolling basis, had an operational cash flow of $37 billion while Brent averaged $57 per barrel. Currently, Brent sits at around $76 per barrel or 33% higher. Not only that, the company has a gearing ratio (debt/equity ratio) of 24.7% which is down sequentially from 25%.

To top it all off, the company currently pays a yield of 5.5% and is still planning an enormous share buyback program:

"As I said, we remain committed to the $25 billion and we're looking to deliver that between 2018 to 2020. We want to deliver a world-class investment case. We want to be number one in terms of total shareholder return. We understand that we need to increase shareholder distributions to deliver on that world-class investment case. That's a clear part of our financial framework. It's a clear part of our world-class investment case. And that's why I keep going back to this cascade of priorities and what we believe it'll take to move to the share buyback program, a good macro environment, strong underlying performance, delivery on the divestment program, all of which should create the conditions for us to commence the share buyback program."

In terms of dividend safety, the 5.5% dividend is equal to $16.1 billion (annually) which can easily be covered by the operating cash flow of $37 billion (based on $57 Brent).
Conclusion

All in all, an investment in RDS.A seems like a decent exposure to a good idea. RDS.A might not be the best in terms of total return possibility but it will definitely profit heavily from the new bull run in oil.

Folks that are focused on return instead of steady yield can look elsewhere but within the realm of the oil industry. For example, it's widely known that highly leveraged firms generate extreme results in periods like this. However, the higher the leverage the more adept the analyst needs to be to correctly interpret the associated risks.

Personally, my best investment for 2018 is indeed in an oil company. While the company is minimally leveraged, other factors – beyond the price of oil – how contributed to an extremely negative investor sentiment. The company is up 57% since I wrote about it and I believe it can still double or triple from here.

If you’d like to read my idea, join my marketplace Alpha Generating Society. The marketplace has only recently been launched which is why we are offering a legacy discount rate of 40% including a free trial, for a limited time only.

Join now to lock in 40% savings with our Legacy Rate offer - $42/mo or $336/yr - only available for a limited time. Best of all, you can try risk-free with our 2-Week Free Trial. Prices are set to increase to $70/mo or $560 a year shortly.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

[waldron] 30/5/2018 17:11

Total
51.9 +1.74%

Engie
13.72 -0.11%

Orange
14.755 +0.20%


FTSE 100
7,689.57 +0.75%
Dow Jones
24,604.78 +1.00%
CAC 40
5,427.35 -0.20%

Brent Crude Oil NYMEX 77.42 +2.58%
Gasoline NYMEX 2.17 +1.62%
Natural Gas NYMEX 2.89 -0.31%


BP
573.5 +2.56%


Shell A
2,619.5 +2.64%


Shell B
2,687 +2.28%

[waldron] 25/5/2018 18:00

Total
51.06 -1.45

Engie
13.95 -1.45%

Orange
14.935 -0.37%


FTSE 100
7,730.28 +0.18%
Dow Jones
24,769.78 -0.17%
CAC 40
5,542.55 -0.11%


Brent Crude Oil NYMEX 76.00 -3.53%
Gasoline NYMEX 2.17 -2.62%
Natural Gas NYMEX 2.96 -0.34%


BP
555.1 -2.01%


Shell A
2,559 -1.50%


Shell B
2,639.5 -1.40%

[waldron] 24/5/2018 18:08

Total
51.81 -1.20%


Engie
14.155 -0.88%

Orange
14.99 +0.30%


FTSE 100
7,716.74 -0.92%
Dow Jones
24,753.13 -0.54%
CAC 40
5,548.45 -0.31%

Brent Crude Oil NYMEX 79.19 -0.64%
Gasoline NYMEX 2.24 -0.62%
Natural Gas NYMEX 2.97 +0.24%



BP
566.5 -1.82%


Shell A
2,598 -1.89%

Shell B
2,677 -2.25%

[waldron] 23/5/2018 18:26

Total
52.44 -3.10%


Engie
14.28 +0.00%

Orange
14.945 +0.47%


FTSE 100
7,788.44 -1.13%
Dow Jones
24,671.58 -0.66%
CAC 40
5,565.85 -1.32%



Brent Crude Oil NYMEX 79.22 -0.31%
Gasoline NYMEX 2.24 -0.56%
Natural Gas NYMEX 2.96 +0.99%



BP
577 -1.94%


Shell A
2,648 -3.34%



Shell B
2,738.5 -3.11%

[waldron] 22/5/2018 18:04

Total
54.12 -0.70%


Engie
14.28 -2.19%

Orange
14.875 +4.06%

FTSE 100
7,877.45 +0.23%
Dow Jones
24,964.4 -0.20%
CAC 40
5,640.1 +0.05%

BP
588.4 -0.74%


Shell A
2,739.5 -0.33%

Shell B
2,826.5 -0.51%

Brent Crude Oil NYMEX 79.54 +0.01%
Gasoline NYMEX 2.26 +0.15%
Natural Gas NYMEX 2.90 +2.48%

[waldron] 21/5/2018 17:08

Total
54.5 +0.04%


Engie
14.6 -0.10%

Orange
14.295 -0.66%


FTSE 100
7,859.17 +1.03%
Dow Jones
24,979.24 +1.07%
CAC 40
5,637.51 +0.41%

Brent Crude Oil NYMEX 78.85 +0.18%
Gasoline NYMEX 2.24 +0.63%
Natural Gas NYMEX 2.82 -0.53%



BP
592.8 +1.11%


Shell A
2,748.5 +1.20%



Shell B
2,841 +1.32%

[waldron] 18/5/2018 17:21

Total
54.48 -0.04%


Engie
14.615 +0.48%

Orange
14.39 -1.64%

FTSE 100
7,778.79 -0.12%
Dow Jones
24,739.19 +0.10%
CAC 40
5,614.51 -0.13%


Brent Crude Oil NYMEX 78.89 -0.77%
Gasoline NYMEX 2.24 -0.03%
Natural Gas NYMEX 2.87 +0.49%


BP
586.3 +0.39%



Shell A
2,716 -0.51%


Shell B
2,804 -0.05%

[waldron] 17/5/2018 17:11

Total
54.5 +1.79%


Engie
14.545 +2.07%

Orange
14.63 +0.76%

FTSE 100
7,787.97 +0.70%
Dow Jones
24,800.95 +0.13%
CAC 40
5,621.92 +0.98%


Brent Crude Oil NYMEX 80.23 +1.17%
Gasoline NYMEX 2.27 +0.62%
Natural Gas NYMEX 2.83 +0.50%




BP
584 +1.41%

Shell A
2,730 +1.98%


Shell B
2,805.5 +2.13%

[sarkasm] 17/5/2018 09:00

Oil Firms Tap Refining, Retailing -- WSJ
17/05/2018 8:02am
Dow Jones News

Shell A (LSE:RDSA)
Intraday Stock Chart

Today : Thursday 17 May 2018
Click Here for more Shell A Charts.

Petrochemicals, gas stations offer growth, as swings in crude prices roil drilling

By Sarah Kent

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 17, 2018).

Major oil companies are doubling down on gas stations, refineries and processing plants, betting on a once-unloved part of the energy business to shore up profits and expand their customer bases.

BP PLC plans to open thousands of gas stations in new markets such as Mexico and India over the next three years. Exxon Mobil Corp. is investing heavily to expand its petrochemical operations, which make products like plastics and the basic ingredients for all sorts of household goods. In November, Royal Dutch Shell PLC started work on a massive petrochemical complex in Pennsylvania -- its first big new plant in the U.S. since the 1960s.

Companies are expected to add 7.7 million barrels a day of new refining capacity by 2023, according to the International Energy Agency. In petrochemicals, it estimates investment in the U.S. alone over the next five years will add 13 million tons a year of new capacity to produce ethylene, the main component of plastic.

American refining, in particular, is booming. Surging shale production has provided plentiful, cheap oil close to the country's petrochemical heartland around the Gulf Coast. Fuel demand is expected to rise. All those dynamics helped drive Marathon Petroleum Corp.'s agreement to buy rival Andeavor last month for $23 billion, a deal that would create the country's largest refiner.

As smaller refiners consolidate, the world's major oil companies are promising that investment in their so-called downstream businesses -- and restructuring efforts they are simultaneously pursuing to improve efficiency -- will add billions of dollars to earnings. The focus on downstream grew amid a period of lower oil prices and concerns over long-term oil demand. Cheaper crude -- the primary feedstock for refining -- boosted margins and profits. Oil companies' "upstream," or oil exploration and development, meanwhile, was suffering from lower prices.

"Upstream at some point was not making money," said Tufan Erginbilgic, head of BP's refining and retail arm. That gave his unit a fresh imperative to "really significantly contribute to group performance, because we have to."

Today, higher crude prices pose a risk that margins from refining won't be as strong as they have in recent years. And all the new investment in capacity could end up swamping the market, analysts warned.

"It remains to be seen the way demand is going to shape up," said Jonathan Leitch, research director at Edinburgh-based consultancy Wood Mackenzie.

Big companies say the downstream investment is worth it -- no matter where crude prices head. Executives say that integrating the oil they produce with refining and retail businesses can maximize profits, and help steady finances amid the sometimes-wild swings in crude.

Investor pressure also has mounted on the major oil companies to start positioning for an age when fossil fuels may no longer power the world's fleet of passenger cars. Executives are betting their big petrochemical plants can offer diversification. According to the IEA, petrochemical production is expected to be the biggest driver of oil demand growth in the coming decades.

Gas stations, too, are promising new growth. They offer access to emerging markets, where demand for fuel is expected to be especially robust. A geographically wide network of branded, retail outlets also could create new opportunities where the industry now sees threats -- such as electric charging stations.

Last year, Shell bought one of Europe's biggest electric-vehicle charging companies, New Motion. It has teamed up with a group of car manufacturers to install more than 500 fast-charging points at existing Shell stations, across 10 countries in Europe over the next two years.

The rise of electric vehicles is "a reality, and an opportunity," Shell's downstream director, John Abbott, told analysts in March. "We are adjusting our offer to meet this new demand."

BP started its push before oil prices collapsed in 2014. The company was seeking stability after selling off billions of dollars in assets to pay for cleanup fees and legal costs associated with its catastrophic blowout in the Gulf of Mexico in 2010.

It sold off some of its refining businesses but resisted investor pressure to get rid of its downstream unit altogether. That was despite it being an industry laggard. Mr. Erginbilgic, the downstream boss, eliminated a layer of management and ordered up targeted improvement plans at each plant.

"At that time, we were the worst in the industry. Literally the worst," he said. BP says now it is on track to increase earnings from Mr. Erginbilgic's division by $3 billion between 2017 and 2021, doubling the improvement made in the two years from 2014.

Over the next three years, BP sees the biggest opportunity to boost earnings in gas stations. It is doubling down on partnerships with convenience stores, which has boosted profitability at gas stations in mature markets, and is pushing hard into new countries where demand is expected to grow.

BP says it is on track to open 500 retail sites in Mexico by the end of the year, up from zero at the start of 2017. Elsewhere, it is looking to build gas stations in India, China and Indonesia.

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

May 17, 2018 02:47 ET (06:47 GMT)

[waldron] 16/5/2018 17:30

Total
53.54 -0.61%


Engie
14.25 -3.52%

Orange
14.52 -0.07%

FTSE 100
7,734.2 +0.15%
Dow Jones
24,730.41 +0.10%
CAC 40
5,567.54 +0.26%



Brent Crude Oil NYMEX 78.26 +0.28%
Gasoline NYMEX 2.22 +1.06%
Natural Gas NYMEX 2.82 -0.32%



BP
575.9 -0.23%


Shell A
2,677 -0.52%


Shell B
2,747 -0.92%

[waldron] 15/5/2018 17:34

Total
53.868 +0.31%


Engie
14.77 +0.54%

Orange
14.53 -3.20%


FTSE 100
7,722.98 +0.16%
Dow Jones
24,715.57 -0.74%
CAC 40
5,553.16 +0.23%

Brent Crude Oil NYMEX 78.71 +0.24%
Gasoline NYMEX 2.21 +0.54%
Natural Gas NYMEX 2.85 +0.46%


BP
577.2 +1.17%

Shell A
2,691 +1.13

Shell B
2,772.5 +1.22%

[waldron] 14/5/2018 17:13

Total
53.7 +0.69%

Engie
14.69 +0.34%

Orange
15.01 -1.18%


FTSE 100
7,710.98 -0.18%
Dow Jones
24,956.07 +0.50%
CAC 40
5,540.68 -0.02%


Brent Crude Oil NYMEX 78.15 +1.53%
Gasoline NYMEX 2.20 +0.95%
Natural Gas NYMEX 2.85 +0.96%

BP
570.5 +1.06%

Shell A
2,661 +0.19%

Shell B
2,739 +1.05%

[the grumpy old men] 13/5/2018 17:20

Shell and Eni in court over alleged corruption in $1.1bn Nigerian oil deal

Several former senior executives from the two companies also face trial

Ben Chapman
@b_c_chapman
an hour ago
0 comments








8
Click to follow
The Independent Online
Shell, Eni and their executives have denied all charges Getty Images

Royal Dutch Shell, Italian oil giant Eni and a number of senior executives at the two firms face trial in Milan on Monday over corruption charges relating to a $1.1bn (£800m) deal for a Nigerian oil block.

The Milan public prosecutor alleges that $520m from a 2011 deal to buy rights to a vast oil block off Nigeria’s coast was converted into cash and intended to be paid to the then Nigerian President Goodluck Jonathan, members of the government and other Nigerian government officials.

The prosecutor further alleges that money was also channelled to Eni and Shell executives with $50m in cash delivered to the home of Eni’s then head of business for Sub-Saharan Africa, Roberto Casula.

Read more

Shell bosses knew cash from $1.3bn deal would go to money-launderer

Four former Shell staff members face trial, including Malcolm Brinded, former executive director for upstream international operations, along with and two former MI6 agents employed by Shell.

Also standing trial are Eni’s chief executive Claudio Descalzi, former chief executive Paolo Scaroni, and chief operations and technology officer Roberto Casula.

Shell, Eni and their executives have denied all charges.

The trial comes after years of campaigning by anti-corruption groups Global Witness, The Corner House and Re:Common as well as British-born Nigerian campaigner Dotun Oloko.
Read more

Former Malaysian PM barred from leaving country amid corruption claims
The media's ability to hold the corrupt to account is under threat
'Huge win' over secret hoarding of dirty money in UK tax havens
Shell predicted dangers of fossil fuels and climate change in 1980s
Shell and Eni accused of 'serious negligence' on Nigerian oil spill
Shell says oil is here to stay as cleaner power lacks sizzle

After investigations by Global Witness and another anti-corruption group, Finance Uncovered, Shell admitted in April last year that senior figures knew that some funds from the deal would be paid to companies controlled by former Nigerian oil minister Dan Etete.

Barnaby Pace, an anti-corruption campaigner at Global Witness, said the trial should be a turning point for the oil industry.

“Some of the most senior executives of two of the biggest companies in the world could face prison sentences for a deal struck under their watch.
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Antonio Tricarico of Italian NGO Re:Common said, “This case heralds the dawning of the age of accountability, a world where even the most powerful corporations can no longer hide their wrongdoing and avoid justice.”

Eni has said in a statement on its website that the trial “will give the opportunity to Eni to fully defend its position and to provide full evidence of the correctness of the actions taken with respect to the OPL 245 transaction.”

Regarding the allegations against Eni’s CEO the company has said: “Eni’s Board of Directors has reaffirmed its confidence that the company was not involved in alleged corrupt activities in relation to the transaction.”

“The Board of Directors also confirmed its full confidence that chief executive Claudio Descalzi was not involved in the alleged illegal conduct and, more broadly, in his role as head of the company. Eni expresses its full confidence in the judicial process and that the trial will ascertain and confirm the correctness and integrity of its conduct.”

[la forge] 12/5/2018 07:04

HERALDSCOTLAND.COM

As oil prices begin to soar, should you up your exposure?
Iona Bain Personal Finance Writer
As oil prices begin to soar, should you up your exposure?

As oil prices begin to soar, should you up your exposure?
0 comments

THE IMPORTANCE of oil to investors has been underlined as President Trump’s tough line on Iran stoked a further rise in the price of crude.

Despite widespread predictions a year ago that oil would struggle to top $50 a barrel under pressure from US shale production, it topped $77 this week.

Big oil is a pillar of the FTSE 100 and of popular investment funds, and its strength helped the blue-chip index jump nearly seven per cent last month, bouncing back above 7,500 from its February depression.

So should investors be checking their exposure to the black gold, and do the latest geopolitical rumblings in the Middle East signal another bout of volatility ahead?

“Investors do need to keep an eye on the price of oil, which is now up 50 per cent year-on-year,” said Russ Mould, investment director at AJ Bell.

“A sustained surge in crude could lead to inflation or even a slowdown in global economic activity. The higher oil goes, the more dangerous the impact of the Trump policy shift could become.”

Read more: Oil price hits three year high as tensions over Syria increase

Richard Turnill, Blackrock’s global strategist, added: “For investors seeking exposure to oil today, we see a stronger case for investing in energy equities over crude itself. Oil prices have run well ahead of energy stocks this year but this trend has started to turn.”

Surprisingly, the index of FTSE All-Share oil and gas producers is up only 4.4% in 2018, ranking it 13 out of 39 industry groupings, while the oil equipment and services sector is up by just 0.9%.

The producers’ index currently trades at 128 times the actual oil price, compared to an average of 156 over the last 20 years.

Mr Turnill said: “Current oil prices offer potential upside for energy companies’ earnings and stock prices.

"Most energy companies have budgeted for mid-$50s oil prices in 2018, with this conservative outlook reflected in share prices today.

"This points to valuation upside should current levels of oil prices be sustained.”

BP and RoyalDutchShell are strengthening the cover of their dividends as the oil cash flows in and both still offer yields of over five per cent. Mr Mould said that “less-well developed, pure play producers” such as Edinburgh-based FTSE 250 firm Cairn Energy or London-headquartered Tullow Oil could also benefit, although with a higher level of operational and exploration risk.

“The riskiest oil plays are the AIM-quoted junior explorers which may not even be producing or have a find, but whose share prices could welcome more positive sentiment toward their industry,” he said.

“The London Stock Exchange is also host to a select number of firms which provide equipment and services to the oil industry. None of them feature in the FTSE 100, although Wood and Petrofac were both once part of the UK’s elite index. Other names to note include Lamprell and Hunting.”

Read more: Bid speculation mounts over North Sea oil and gas giant

There are actively managed funds focused on the sector such as Guinness Global Energy, which has almost two-thirds of its assets in North America, while passive funds include ETFS US Energy Infrastructure and iShares US Oil & Gas Exploration & Production, both exchange-traded funds.

The iShares Core FTSE 100, meanwhile, has both BP and Shell in its top five holdings and an overall weighting of 17% to energy. Among UK equity income funds – the top-performing fund sector last month - River & Mercantile UK Equity Income has a 15% energy exposure.

For those who are happy to swap equity risk for oil price risk, ETFS WTI Crude Oil (CRUD) tracks the US benchmark, West Texas Intermediate, while ETFS Brent Crude (BRNT) mirrors European oil. Both of these funds use derivatives to track the prices, which can affect returns.

Turnill cautions that there could still be “a hefty drop in oil prices, possibly sparked by a large US shale production boost or falling demand”.

Oil futures, which predict the price ahead, have lagged the rise in spot prices, while a stronger dollar could also weigh on oil.

Tom Elliott, international investment strategist at deVere Group, said: “Investors should expect an increase in market volatility. In the shorter term at least it is likely gold and the US dollar may rally on growing fears of further conflicts in the Middle East breaking out, while risk assets, namely stocks and credit markets, may weaken. Oil may rally strongly.

“Geopolitical events such as these underscore how essential it is for investors to always ensure that they are properly diversified - this includes across asset classes, sectors and geographical regions – to mitigate potential risks to their investment returns.”

[waldron] 11/5/2018 17:29

Total
53.33 +1.18%


Engie
14.64 +0.27%

Orange
15.19 +0.30%


FTSE 100
7,724.55 +0.31%
Dow Jones
24,795.46 +0.23%
CAC 40
5,541.94 -0.07%


Brent Crude Oil NYMEX 77.27 -0.23%
Gasoline NYMEX 2.19 -0.14%
Natural Gas NYMEX 2.81 +0.11%


BP
564.5 +0.09%



Shell A
2,656 +0.85%



Shell B
2,710.5 +0.65%

[waldron] 11/5/2018 12:39

Total
52.74 +0.06%


Engie
14.6 +0.00%

Orange
15.135 -0.07%


FTSE 100
7,696.17 -0.06%
Dow Jones
24,739.53 +0.80%
CAC 40
5,529.12 -0.30

Brent Crude Oil NYMEX 77.35 -0.13%
Gasoline NYMEX 2.19 +0.03%
Natural Gas NYMEX 2.80 -0.25%



BP
562.9 -0.20%



Shell A
2,626 -0.28%



Shell B
2,683 -0.37%