Shell & Exxon: 2 Energy Stocks To Watch In June

May 29, 2021 04:15 AM AEST | By Team Kalkine Media
 Shell & Exxon: 2 Energy Stocks To Watch In June
Image source: Corona Borealis Studio,Shutterstock

Summary

  • Exxon Mobil stock price gained over 40% this year.
  • Royal Dutch Shell collected earnings of US$3.2 billion in Q1.
  • Shell has set up a new arm to develop and market its carbon reduction technologies.

Oil and gas companies have ramped up their operations after the improvement in the economy.

Energy firms are expected to see increased demand as large industrial and infrastructural projects get underway in the US in the coming months.

Allied companies, such as equipment makers for drilling, etc., are also likely to gain from the reopening of the economy.

We explore here two energy firms to understand how they have performed in recent months in the midst of a pandemic and what their future may hold.

Exxon Mobil Corp. (NYSE:XOM)

Exxon is a leading energy company with a market cap of US$247billion. It has vast oil and gas fields and distribution networks across the globe.

The stock was priced at US$58.46 at 11.31 am ET on May 27, down 0.81% from the previous close. The stock gained more than 40% year-on-year.

The company netted earnings of US$2.7 billion in Q1. It’s net loss for the quarter was US$610 million. Its oil production rose by 3% to 3.8 million barrels per day during the period, up from the Q4 quarter.

It also generated 400MW electricity to power over 200,000 houses.

It has set up a new arm to develop and market its green technologies for carbon capture and storage underground. It is also exploring aerial technologies to detect methane emissions at the drilling sites.

Source: Pixabay.

Also read: Kinder Morgan, Energy Transfer & PAA: 3 Hot Pipeline Stocks


Royal Dutch Shell PLC (RDS/B)

Headquartered in the Netherlands, it is one of the world’s largest oil and gas companies. The stock was trading at US$36.62 at 11.37 am ET on May 27. It gained more than 6% since January.

It logged revenue of US$3.2 billion at the end of the first quarter, against US$2.9 billion in the year-ago quarter.

Also read: Why are the oil prices volatile in May?

The company raised its dividend by 4% in Q1. The net loss of Royal Dutch was US$200 million, contributed mainly by the cold storm early this year.

The company recently came under the radar of a Dutch court which asked Royal Dutch to cut emission by 45% from the 2019 levels by 2030.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.