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Shell (RDS.A) to Invest $1 Billion a Year on Clean Energy
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European oil giant Royal Dutch Shell plc recently announced plans to invest approximately $1 billion per year till 2020 in its New Energies division as it intends to shift its focus on cleaner and renewable energy sources. The company believes that with the rising demand for energy, pumping money into this unit is likely to add significantly to their customer base and drive revenues.
Shell wants to cash in on the wide acceptance of the electric cars and the declining prices of wind and solar energy. With renewable energy becoming reasonable, the massive oil conglomerate sees potential in developing projects like hydrogen fuel-cells, liquefied natural gas and next-generation biofuels.
In World Petroleum Congress, both the Russian Energy Minister and the Saudi Arabian Oil Co. CEO believed that oil and gas will be the major sources of energy in the near term. Van Beurden – the CEO of Shell – however emphasized on the growing importance of cleaner energy sources. Beurden believes that the future of developing countries lies in renewable sources of energy and new technologies which lead to lower carbon emissions.
Zacks Rank and Key Picks
Headquartered in Netherlands, Shell is one of the largest integrated energy companies and is engaged in production, refining, distribution and marketing of oil and natural gas. Shell, operating under the Zacks categorized Oil & Gas-International Integrated industry, currently carries a Zacks Rank #5 (Strong Sell).
Cheniere Energy delivered a positive earnings surprise of 14% in the trailing four quarters.
Delek US Holdings delivered a positive average earnings surprise of 60.68% in the trailing four quarters.
Canadian Natural Resources is expected to report year-over-year earnings growth of 724.76% in 2017.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Shell (RDS.A) to Invest $1 Billion a Year on Clean Energy
European oil giant Royal Dutch Shell plc recently announced plans to invest approximately $1 billion per year till 2020 in its New Energies division as it intends to shift its focus on cleaner and renewable energy sources. The company believes that with the rising demand for energy, pumping money into this unit is likely to add significantly to their customer base and drive revenues.
Shell wants to cash in on the wide acceptance of the electric cars and the declining prices of wind and solar energy. With renewable energy becoming reasonable, the massive oil conglomerate sees potential in developing projects like hydrogen fuel-cells, liquefied natural gas and next-generation biofuels.
In World Petroleum Congress, both the Russian Energy Minister and the Saudi Arabian Oil Co. CEO believed that oil and gas will be the major sources of energy in the near term. Van Beurden – the CEO of Shell – however emphasized on the growing importance of cleaner energy sources. Beurden believes that the future of developing countries lies in renewable sources of energy and new technologies which lead to lower carbon emissions.
Zacks Rank and Key Picks
Headquartered in Netherlands, Shell is one of the largest integrated energy companies and is engaged in production, refining, distribution and marketing of oil and natural gas. Shell, operating under the Zacks categorized Oil & Gas-International Integrated industry, currently carries a Zacks Rank #5 (Strong Sell).
Royal Dutch Shell PLC Price
Royal Dutch Shell PLC Price | Royal Dutch Shell PLC Quote
Some better-ranked players in the energy space are Cheniere Energy, Inc. (LNG - Free Report) , Delek US Holdings (DK - Free Report) and Canadian Natural Resources Limited (CNQ - Free Report) . All the three companies sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Cheniere Energy delivered a positive earnings surprise of 14% in the trailing four quarters.
Delek US Holdings delivered a positive average earnings surprise of 60.68% in the trailing four quarters.
Canadian Natural Resources is expected to report year-over-year earnings growth of 724.76% in 2017.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>