“Whilst these results are a little disappointing, we believe Royal Dutch Shell is taking the right steps in a low oil price environment, reigning back on large scale investment projects and cutting costs,” Miah continued. “As a result, we recommend the company as a ‘buy’ for investors seeking income. The takeover of BG Group should further the group’s plans and help it to focus on more profitable areas such as deep-water and integrated gas. Furthermore, we believe one of the key reasons to invest in the company is its dividend, for which the company looks to continue with for the time being.”
Shell pulls FTSE 100 south
Royal Dutch Shell has revealed an $8.2bn write-off related to its Alaskan misadventures, sending both its own shares and the FTSE 100 lower.
