|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||28.08 - 29.83|
|52-week range||17.95 - 30.15|
|Beta (5Y monthly)||0.79|
|PE ratio (TTM)||10.44|
|Forward dividend & yield||0.97 (3.32%)|
|Ex-dividend date||19 May 2022|
|1y target est||N/A|
Odey Asset Management has called on Shell to drop its appeal against a landmark Dutch court ruling targeting its climate strategy and instead to fund an independent body to audit the emissions of every oil and gas company. The call from the London-based hedge fund, which has acquired about $70mn of Shell shares since the start of 2021, comes as Europe’s biggest oil company prepares for shareholders to vote on its energy transition strategy at its annual general meeting next week. In a letter to chief executive Ben van Beurden, Odey said it would vote for Shell’s strategy even though it had “some sympathy with those questioning its transparency and apparent ambiguity”.
LONDON (Reuters) -Advisory group PIRC recommended shareholders vote against Shell's non-binding climate resolution at the energy company's annual general meeting (AGM) on Tuesday, according to a document seen by Reuters. The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said Shell's climate plans did not provide sufficient clarity on who was accountable for reaching emissions reduction targets, which in any case lacked ambition. Shell formulates its climate targets in terms of carbon intensity, which allows for higher overall emissions on the back of higher output, even if the headline intensity emissions count falls.
Shell boss faces investor rebellion over £13.5m pay package. Pirc urges shareholders at AGM to vote against Ben van Beurden’s ‘excessive’ pay