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Stock impact report

Big Oil takes stage for post-austerity beauty contest 2:10am EST [Reuters]

Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B) 
US:NYSE Investor Relations: shell.com/investors.html
Company Research Source: Reuters
Big Oil takes stage for post-austerity beauty contest | Reuters 6 Min Read LONDON (Reuters) - With years of austerity in their rear-view mirrors, the world’s biggest oil companies are locked in a beauty contest to lure investors with promises of growth and greater rewards. Royal Dutch Shell and Total are emerging as frontrunners after a three-year slump thanks to strong growth projections but Exxon Mobil, the biggest publicly traded oil company, has largely disappointed with a weaker outlook. Major oil companies slashed spending and cut costs after oil prices collapsed in 2014 and can now generate as much cash with crude at $50-$55 a barrel as they did when the price was around $100 earlier in the decade. Cash flow at oil companies in 2017 rose to its highest since before the slump, helped by the drastic cost cutting plans and a recovery in oil prices, and executives are once again turning their attention to growth. With crude expected to hold above $60 a barrel into the end of the de Show less Read more
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