The Royal Dutch Shell share price has regained its momentum. The RDSB shares has jumped in the past eight straight...
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 price action continued to the upside this Wednesday, as the uplift that oil stocks have received from...
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The Royal Dutch Shell share price rose for the second straight day as oil prices held steady. The RDSB shares...
The Royal Dutch Shell share price popped on Monday as the price of crude oil rebounded. The RDSA and RDSB...
The Royal Dutch Shell share price has struggled in the past few days as investors continue worrying about the recent...
The Shell share price edged higher last week as investors reacted to a bumper Q2 earnings release. However, will falling...
The Shell share price surged yesterday after Europe’s largest oil company revealed bumper profits and announced a $2 billion buyback...