The Royal Dutch Shell share price is trading lower this Monday, tracking the fall in crude oil prices as concerns...
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.
The Royal Dutch Shell share price will be in focus as the fears of the Omicron variant ease and oil...
This Wednesday, the RDSB share price is up 3.3% as crude oil prices rise ahead of the OPEC + meeting...
The 4.4% rise in crude oil price on the Brent benchmark has triggered a corresponding recovery in the Royal Dutch...
Investors are applauding the moves by Shell to move towards the use of cleaner energy sources. The RDSB share price...
The Royal Dutch Shell share price has been in focus recently as investors reflect on the new activist pressure and...
Royal Dutch Shell has rocked markets recently with a decision to move its headquarters and tax residency to the UK,...
Why is the Royal Dutch Shell share price B trending upwards on the day even with declining crude oil prices? Read more to find out.
A drop in crude oil inventories from 3.3m barrels to 1.0m barrels for the week ended 5 November did not...
The Royal Dutch Shell share price may be in for a further upside move following Deutsche Bank's upgrade.