News Formal

Shell reins in share buybacks after earnings fall 50%

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

इंडिया समाचार समाचार

CEO Ben van Beurden says if global economic conditions continue, Shell’s cash flow could fall by more than $7bn in 2020

Royal Dutch Shell CEO Ben van Beurden. Picture: REUTERS/SERGEI KARPUKHIN

Shell is set to buy back about $1bn of its shares in the first quarter of 2020, down from $2.75bn a quarter since July 2018, which means it will probably miss its target of completing the programme by the end of 2020, analysts said. Shell had already warned in October that the buyback programme could miss its target because slowing global growth due to the China-US trade war had hit demand for oil, natural gas and chemicals.

While rising tensions in the Middle East and a phase-one trade deal between Washington and Beijing sent oil prices above $70 a barrel in early January, they dropped below $60 this week as the coronavirus exacerbated concerns about global growth.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 12. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Shell powers progress through nation building | IOL Business ReportThrough Shell’s nation-building programmes they are empowering people from previously disadvantaged backgrounds, and are ...
स्रोत: IOL - 🏆 46. / 51 और पढो »

Shell powers progress through nation building | IOL Business ReportThrough Shell’s nation-building programmes they are empowering people from previously disadvantaged backgrounds, and are ...
स्रोत: IOL - 🏆 46. / 51 और पढो »