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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

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!