Shell warns of €19bn hit from oil and gas slump
Anglo-Dutch group is latest to slash forecast for energy prices
Anglo-Dutch group is latest to slash forecast for energy prices
Company had planned to boost payouts to investors to $125bn between 2021 and 2025
Market value and total output of Europe’s largest energy company still below that of Exxon
Asset sales and cost cuts have helped the company pay down debt and boost profit
Shell stake divestment is part of $30 billion asset sale programme
Results inline with disappointing reports from US oil firms Chevron and Exxon
Worse-than-expected results from Shire and Standard Chartered weigh heavily on FTSE
Company spent $250m on redundancy and restructuring charges following BG deal
Europe’s largest oil company continues to adjust to the slump in energy prices
Under-pressure financial shares lead the downward charge
Oil giant said 2015 income fell 87% year-on-year to $1.94bn
Global indices hammered as sell-off spreads outwards from energy stocks
Crude’s collapse below $28 a barrel has driven firm’s market value to seven-year low
B of I gains 2.1% as Hibernia Reit and Irish Residential Properties Reit also close higher
Confidence sparked by Federal Reserve rate rise on Thursday now replaced with caution
Combination will transform Shell into the world’s top liquefied natural gas trader
Current cost of supplies earnings - the group’s definition of net income - 70% lower
European shares ease back after 8% drop, as fears of slowdown triggered price swings
Anglo-Dutch company says it will reduce headcount as it steps up spending cuts
Noble acquisition sets precedent for other companies plotting shale deals
Highly paid members of exploration team among ‘about 46’ due to depart
Gains in BG push gauge of oil and gas shares to its biggest gain since 2009
Acquisition of BG Group in $70bn deal will give Royal Dutch Shell access to new markets
ECB’s quantitative easing programme prompts investments in euro zone shares
Helge Lund will have to work against the clock if he is to replicate the success he had at helm of Statoil
Bank of Ireland and CRH down with slight falls also for Aer Lingus and Ryanair
Mining stocks regain some momentum following increases in oil and metals prices
Cost of crude down 25% since mid-June with future investment threatened by price slide
Chris Finlayson set to leave the UK’s third largest oil and gas producer for personal reasons
Production this year would be as much as 11% lower than analysts were expecting
Investors nervous that shakeout in markets could lead to a full-blown financial crisis
Iseq slips back as dealers indicate ‘pretty flat’ session with values up just over 0.5%
Iseq mirrored mood across Europe, and traders said volumes were pallid
Chief executive Ashley Almanza was promoted from finance chief in June
Jobless claims in US fuels speculation that Fed will trim bond-buying programme
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