Royal Dutch Shell PLC
Energy & Utilities Energy & Utilities
Royal Dutch Shell (RDS.A) stock has been pressured this quarter, falling by 2.3% so far. The company has strived to create an integrated business.
Company & Industry Overviews
Jefferies has cut its target prices for integrated energy stocks ExxonMobil (XOM), Chevron (CVX), and Royal Dutch Shell (RDS.A).
Qatar’s (QAT) economy continued to grow in 1Q17 amid improved oil prices since 2Q16. But more recently, oil prices have hit a downtrend.
GDP (gross domestic product) growth was expected to rise in Q2 on the back of the monetary stimulus from the ECB to boost economic activity.
Economic confidence in the Eurozone got some relief as the Greek crisis settled with the troika granting further aid to Greece.
In the coming week, Greece is due to present its next set of austerity measures, which it must implement in order to secure new financing.