Oil giant Shell cuts its dividend to shareholders for the first time since World War II, following a dramatic slide in oil prices amid the coronavirus crisis.
plunged below zero to trade in negative territory for the first time in history last week. Trading volume was thin given it was the day before the contract’s expiration date, but, nonetheless, the move lower was extraordinary.
WTI futures had fetched more than $60 a barrel at the start of the year. A dramatic fall-off in demand as a result of the coronavirus outbreak has sent oil prices tumbling. On Thursday, the June contract of WTI traded at $16.55 per barrel, almost 10 percent higher for the session, while international benchmark
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell Cuts Dividend for First Time Since World War IIRoyal Dutch Shell cut its dividend after first-quarter profit fell by nearly half as nationwide lockdowns caused by the coronavirus restrict travel and hit economic growth.
Read more »
Oil major Shell reduces dividend as first-quarter net profit tumbles 46% on the year beforeRoyal Dutch Shell reported a 46% fall in net profit for the first quarter and reduced its dividend Tuesday, following a dramatic slide in oil prices amid the coronavirus crisis.
Read more »
Shell cuts dividend for first time since WWII as oil crisis bites - Business Insider'It's amputation': Shell cut its dividend for the first time since World War II, the latest sign of the brutal crisis decimating the oil industry
Read more »
Oil Giant Shell Has Cut Its Dividend For The First Time Since World War Two - Here’s WhyShell cut its dividend by 66% after warning it was 'prudent' to maintain shareholder payouts due to the global slump in oil prices, and the prospect of economic uncertainty.
Read more »
Europe stocks rise at the open; Royal Dutch Shell lower after first dividend cut since second world warThe rally in European stocks continued on Thursday, with the Stoxx Europe 600 undefined up 0.5% in early action. The gains come on optimism over medical...
Read more »
AMC Fires Off Note To Universal In Wake Of Jeff Shell WSJ Statements On Windows & ‘Trolls World Tour’: Exhib Won’t License Studio’s MoviesAMC Boss Adam Aron has just fired off the following letter to Universal Studios Chairman Donna Langley in response to NBC Universal CEO Jeff Shell’s statements in the Wall Street Journal this…
Read more »