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Prices & Quotes - UK Markets - Royal Dutch Shell 'B' (RDSB)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 918.50p
Change Today:
-22.10p
Market Cap:
34,041m
Sector:
Oil & Gas Producers

Sector movers: Oil stocks slip as risk aversion sweeps across energy space

By Alexander Bueso

Date: Tuesday 08 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Oil related stocks were the main drag on London listed stocks on Tuesday, as the sell-off in technology shares Stateside fed into other risk assets, including commodities.
Adding to the dour mood, at the weekend, Saudi Aramco cut prices for Arab Light crude oil shipments to Asia - for the first time since June.

Against that backdrop, front-dated Brent futures slumped by 5.55% to $39.68 a barrel on the ICE, while October West Texas Intermediate was down by 6.2% to $36.64 a barrel on NYMEX.

"Brent's recent price drop to a two-month low shows the fragile nature of its price recovery," said analysts at Capital Economics.

"We think that an uneven recovery in demand, combined with the hangover of vast oil stocks accumulated in the first half of this year, will limit any price gains, leaving Brent at or around $45 per barrel by end-2020."

In particular, Capital Economics highlighted that fears about a potential second wave of Covid-19 were expected to weigh on energy use in the transport space, especially on jet fuel for commercial passenger flights.

Indeed, on Tuesday, budget carrier EasyJet lowered its planned capacity for the last three months of 2020 to "slightly less" than what it had anticipated at the time of its third quarter update.

EasyJet blamed the "constantly evolving government restrictions across Europe and quarantine measures in the UK, including yesterday's announcements that removed seven Greek islands from the exemption list," adding that "customer confidence to make travel plans has been negatively affected."

So while the global oil market was already in deficit, and was projected to widen in the fourth quarter, "the size of the deficit won't even come close to matching the scale of the surplus accrued in the first half of the year," said Capital Economics.

"Accordingly, the fact that supply won't keep up with demand in the coming months doesn't mean that prices will rise much."

However, continued restraint on the part of OPEC - even as demand continues to recover - meant that the oil market was expected to aslo remain in deficit for most of 2021, which could see Brent push up towards $55 a barrel by the end of next year.

Top performing sectors so far today

Industrial Transportation 2,069.41 +7.42%

Insurance (non-life) 2,788.53 +1.83%

Beverages 20,462.69 +1.51%

Technology Hardware & Equipment 2,141.37 +1.12%

Health Care Equipment & Services 6,497.45 +0.70%

Bottom performing sectors so far today

Oil & Gas Producers 3,975.35 -3.45%

Industrial Metals & Mining 3,223.02 -2.92%

Food Producers & Processors 6,560.61 -2.20%

Oil Equipment, Services & Distribution 4,379.02 -1.88%

Leisure Goods 21,424.96 -1.83%

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

RDSB Market Data

Currency UK Pounds
Price 918.50p
Change Today -22.10p
52 Week High 2,337.00p
52 Week Low 904.00p
Volume 2,766,649
Shares Issued 3,706.18m
Market Cap 34,041m

Performance Indicators

Compare performance with the sector and the market.

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Income
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P/E
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 12
Buy 0
Neutral 13
Sell 0
Strong Sell 2
Total 27
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RDSB Dividends

  Latest Previous
  Q2 Q1
Ex-Div 13-Aug-20 14-May-20
Paid 21-Sep-20 22-Jun-20
Amount 16.00¢ 16.00¢

Trades for 26-Oct-2020

Time Volume / Share Price
15:32 500 @ 918.50p
15:32 130 @ 918.70p
15:31 505 @ 918.47p
15:31 88 @ 918.30p
15:31 249 @ 918.70p

RDSB Key Personnel

Chair Charles O Holliday
CEO Ben van Beurden
CFO Jessica Uhl