Tag: shell earnings
This month, Shell's stock returns have been lower than most peers'. The company believes its returns could be vulnerable to macroeconomic conditions.
BP has the highest correlation coefficient of 0.60 with WTI, followed by Shell at 0.57. Meanwhile, ExxonMobil and Chevron have relatively low correlations.
ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts' estimates.
Integrated energy stocks slumped in the third quarter. Lower oil prices, equity market volatility, and macro concerns hammered the stocks.
Royal Dutch Shell is trading near its 52-week low. Shell stock has fallen sharply in the third quarter to $55.80, close to its 52-week low of $54.90.
Integrated energy stocks have slumped in August. Royal Dutch Shell has fallen the most compared to ExxonMobil, Chevron, and BP.