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July 13th, 2020:

Investors Chronicle Tips of the Week – Better sell Shell 

Extracts from article published 13 July 2020

Global corporate debt surged to a record $8.3 trillion (£6.6 trillion) in 2019, up 8.1 per cent year-on-year and the fastest increase in at least five years. The Janus Henderson Corporate Debt Index, which covers the largest 900 non-financials in the world, predicts the overall figure to rise by a further $1 trillion in 2020.

Companies in the US and the UK are among the most indebted in the world…

In the UK, debts hit a record $539bn in 2019, growing slightly faster than the global average. Vodafone (VOD) accounted for half of the growth as it funded its acquisition of Liberty Global (US:LBTYA), while Royal Dutch Shell (RDSB) also borrowed heavily to support its $15bn dividend. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

From Covid-19 to climate: what’s next after the global oil and gas industry crash?

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping: Extracts from above headlined article published in Oil & Companies News 13/07/2020

The global oil and gas industry has crashed. In mid-June, BP – formerly British Petroleum – slashed the value of its assets by US$17.5bn and revealed plans to cut its workforce by 15%. It forecast the price of oil would be a third lower than expected for decades to come and said it may be forced to leave new fossil fuel discoveries in the ground. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil and gas companies hurtling toward bankruptcy

Oil and gas companies are hurtling toward bankruptcy, raising fears that wells will be left leaking planet-warming pollutants, with cleanup cost left to taxpayers.

Hiroko Tabuchi

Extracts from an article by : July 12, 2020

Oil and gas companies in the United States are hurtling toward bankruptcy at a pace not seen in years, driven under by a global price war and a pandemic that has slashed demand. And in the wake of this economic carnage is a potential environmental disaster — unprofitable wells that will be abandoned or left untended, even as they continue leaking planet-warming pollutants, and a costly bill for taxpayers to clean it all up. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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