Shell, in particular, have been hedging their bets going back a couple of decades now. They have invested in reforestation projects (for the carbon offsets) and renewables. At the same time they have also been divesting many 'non-core' interests - particularly where they perceive sovereign risk - so as to reduce the risk of stranded assets (this has included assets in Aust and NZ).
However, after seeking a buyer for their share of Sakhalin 2 for several years, they were eventually caught still holding the baby when Russia invaded Ukraine. They recently took an absolute bath on the settlement with a Russian state-owned oil company after strong-arming by Putin (Russia picking up Shell's multi-billion dollar stake for perhaps 20c in the dollar).
Shell, in particular, have been hedging their bets going back a...
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Last
13.0¢ |
Change
0.010(8.33%) |
Mkt cap ! $52.67M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $22.73K | 182.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31385 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 208534 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
0.010 ( 4.00 %) |
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| Open | High | Low | Volume | ||
| 12.0¢ | 12.0¢ | 12.0¢ | 2800 | ||
| Last updated 12.48pm 03/05/2024 ? | |||||
| VMT (ASX) Chart |