Shell one of 5 Companies Al Gore Says Are Doomed
“Royal Dutch Shell is another company with a doomed oil sands project, according to the Carbon Tracker Initiative. Its Carmon Creek project needs oil prices to hit $157 per barrel in order to be...
View ArticleOil company shares slumped
OPEC’s decision on Thursday not to cut production in order to prop up oil prices sent markets reeling. Oil company shares slumped, wiping billions off firms’ market value… As they come to terms with...
View ArticleTumbling oil prices
From a Bloomberg article by Joe Carroll and Tara Patel published 12 Jan 2015 by Business Report under the headline: “Analysis: Falling oil prices to trigger flood of write-downs” Extracts TUMBLING...
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BG Group Profits Crash By 65%
By LAURA CHESTERS FOR DAILY MAIL The oil price rout found new victims on both sides of the Atlantic yesterday as BG Group and Chevron revealed profits had tanked. BG, which is in the process of being...
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Oil slump highlights pressure on dividend payouts
Extracts from an article by Garry White: 22 Aug 2015 Some in the City are concerned that distributions to shareholders at some major dividend payers are too high. This is particularly true for the oil...
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