|Bid||64.95 x 1000|
|Ask||65.02 x 1100|
|Day's Range||63.55 - 65.69|
|52 Week Range||27.53 - 65.69|
|Beta (5Y Monthly)||1.78|
|PE Ratio (TTM)||42.36|
|Forward Dividend & Yield||1.84 (2.83%)|
|Ex-Dividend Date||Oct. 27, 2021|
|1y Target Est||N/A|
Continued supply disruptions in the U.S. and the failure of certain OPEC nations to hit production targets pushed oil prices higher on Friday, with prices on track for another weekly increase
Shell (RDS.A) will use $7 billion of the transaction's proceeds to aid additional shareholder dividends following completion of the divestment. The remaining amount will be spent on debt servicing.
ConocoPhillips is offering to sell about $500 million in conventional oil and gas properties in the top U.S. oil basin, according to a marketing document seen by Reuters, hoping to unload less valuable acreage after two major shale acquisitions. On Monday, Houston-based Conoco agreed to buy Royal Dutch Shell's Permian basin properties for $9.5 billion in cash. In January, Conoco acquired another Permian producer, Concho Resources, for $13.3 billion in stock.