Foreign Oil Updates: Royal Dutch Shell plc (ADR) (RDS.A)’s Buyback, TOTAL S.A. (ADR) (TOT) & Chevron Corporation (CVX), Petroleo Brasileiro Petrobras SA (ADR) (PBR) on Fuel Prices

Editor’s Note: Royal Dutch Shell plc (ADR) (NYSE:RDS.A), TOTAL S.A. (ADR) (NYSE:TOT), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), Chevron Corporation (NYSE:CVX)

Royal Dutch Shell plc: Buyback of Own Shares (SYS-CON Media)
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) announces that on 27 August, 2013 it purchased for cancellation 300,005 “B” Shares at a price of 2151.73 pence per share. Following the cancellation of these shares, the remaining number of “A” Shares of Royal Dutch Shell plc will be 3,821,611,712 and the remaining number of “B” Shares of Royal Dutch Shell plc will be 2,516,137,286.

Total SA (ADR) (NYSE:TOT)

Total Buys Chevron Businesses in Egypt (Capital.gr)
TOTAL S.A. (ADR) (NYSE:TOT) and Cairo-based Beltone Private Equity said Tuesday they have bought the Egyptian retail fuel stations and aviation businesses of Chevron Corporation (NYSE:CVX), creating Total’s largest marketing and services subsidiary outside of Europe. The purchase, for an undisclosed sum, covers 66 service stations, two oil depots and aviation fuel operations at the Cairo and Marsa Alam airports, with an annual sales volume in excess of 1.4 million tons, the companies said in a statement. The deal, which is subject to regulatory approval, will allow the French oil giant “to pursue its growth and significantly strengthen its local footprint following the partnership between the Total Group and its Egyptian partner, Beltone,” the statement added.

Petrobras Falls After Mantega Says No Decision on Fuel Prices (Bloomberg)
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), Brazil’s state-run oil company, extended losses after Finance Minister Guido Mantega said a weaker currency won’t prompt an increase in domestic fuel prices. Rio de Janeiro-based Petrobras fell 1.7 percent to 18.23 reais at the close in Sao Paulo. Losses for the year widened to 6.6 percent, compared with a 15 percent drop in the benchmark index. The government hasn’t made a decision on adjusting the price Petrobras, as the biggest producer in deep waters is known, uses to sell gasoline and diesel to distributors, Mantega said today at an event in Sao Paulo. Mantega is the chairman of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), which the government controls through a majority of voting shares.

Shell opens bidding for ethane at proposed Beaver County cracker plant (Pittsburgh Post Gazette)
Shell has began a two-month bidding period to solicit ethane commitments from Marcellus Shale operators for its proposed Beaver County cracker, the company said today. Ethane, a natural gas liquid found in shale gas in western Pennsylvania, can be turned into ethylene, a feedstock for the petrochemical industry. If Shell Chemical, a division of Royal Dutch Shell plc (ADR) (NYSE:RDS.A), decides to build the first world-scale cracker in the Marcellus region, some of its ethane would come from Shell’s own oil and gas production in the region. In addition, the company has already secured commitments from Consol Energy Inc., Noble Energy Inc., Seneca Resources Corp., and Hilcorp Energy Co.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!