15 Dec Kaye/Bassman Managing Partner Chris Melillo Featured In Money
FOR IMMEDIATE RELEASE:
Kaye/Bassman Managing Partner Chris Melillo Featured In Money, Is Shell Stock on Track for Gains?
By: Brian O’Connell
Plano, TX | 12/15/2017
Royal Dutch Shell plc (ADR) (ticker. RDS.A) seems to be getting its act together, and that may be just in time for nervous Shell shareholders.
Last month Shell announced the reinstatement of stock dividends and $25 billion worth of stock buybacks. The oil giant also is hiking its cash flow outlook from $25 billion to $30 billion by 2020, assuming that oil prices are at $60 per barrel, the company says in a statement. (Crude oil is at $57 per barrel, up from $48 per barrel in September.)
“With Shell recently completing the sale of some very high-value assets, they are growing in other regions, including the [floating production, storage and offloading] unit off of the Brazilian coast,” says Christopher Melillo, managing partner and energy expert at Kaye/Bassman International Corp., in Plano, Texas.