Royal Dutch Shell plc

NYSE: RDS.B
$38.15
-$1.62 (-4.1%)
Closing price January 15, 2021
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Oil and gas giant Shell reported second-quarter results Thursday that included a $22.3 billion noncash, pr-tax impairment charge on the value of its assets.
Netherlands-based Royal Dutch Shell revised its second-quarter outlook and now expects to take noncash, pretax impairment charges in the quarter totaling $20 billion to $27 billion.
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Exxon and Chevron have filed for hundreds of new drilling permits in the Permian Basin so far this year. Are the majors about to squeeze the independents out of the country's most productive oil play?
Oil supermajor Shell is said to be in discussions to acquire Permian Basin producer Endeavor Energy for around $8 billion. This could be a very good deal for the Dutch giant if it can pull it off.
Royal Dutch Shell has announced a major oil discovery in the U.S. Gulf of Mexico about 170 miles southeast of New Orleans. The company expects to begin production by late next year.