The FTSE 100 index is not having a good year. Like other American and European indices, it has crashed into...
Royal Dutch Shell
Royal Dutch Shell plc is an international gas and oil company headquartered at Shell Center in London, UK. It is currently known as Shell plc and is a public company listed on the London stock exchange. Judging by profits and revenue, Shell plc is one of the biggest companies in the world and has been within the top 10 of the fortune global 500 since the year 2000.
Shell was created in 1907 via a merger of Shell transport and trading company situated in the UK and Royal Dutch company in the Netherlands. This new company shortly became a significant challenger of American Standard Oil. It became the largest oil producer in the world by 1920.
Shell expanded to alternative energy in the early 2000s, and there is an embryonic business has invested in hydrogen, wind power, solar power and forestry. Shell CEO Ben van Beurden announced that the company planned to cut 20 % of the carbon emissions by 3035 and by half by 2050. In addition, Shell announced that it would spend $2 billion annually on renewable energy.
Is Shell plc a good investment?
From a business perspective, one could argue that Shell is a good investment given the recent surge in crude oil prices and the world’s overdependence on oil as an energy source. However, the rising adoption of sustainable energy sources such as solar and wind power poses a significant threat to oil companies such as Shell. Therefore, while Shell has committed resources to renewable energy sources, I am still hesitant about adding them to my portfolio.
Royal Dutch Shell shares (RDSB) have been on the rise for the past year. The recent political turmoil will see...
The FTSE 100 index has done relatively well this year. The index is trading at £7,545, which is a few...
The Royal Dutch Shell share price has had a spectacular comeback in the past few days as investors focus on...
The Royal Dutch Shell share price has been in a strong bullish trend in the past few days. The RDSB...
The Shell share price surge continued in Monday’s trading session, hitting gains of 1.65%. This is a continuation of the...
The Shell share price is trading lower after it gave up its intraday gains at the start of the New...
The BP share price jumped by more than 6% on Tuesday as demand for oil and gas companies rose. It...
The Royal Dutch Shell share price jumped by more than 4.8% on Tuesday as investors cheered the latest OPEC+ meeting....
The Royal Dutch Shell share price made a bearish breakout on Monday as fears of the Omicron variant rose. The...