E Weekly Energy Roundup: Oil And Gas Companies, June 25 To 29

Source: Fidelity Investments 

As with many of the companies listed here, BP also benefited from the dismissal of the climate change public nuisance lawsuit as it was a plaintiff in the case. This should save it the horrors of having to pay out large sums in the future should the oil companies have lost this case. 

In another interesting development, on June 28, it was announced that BP is acquiring ChargeMaster, a company that owns a network of electric car charging stations across the UK. BP has long been attempting to make its mark on the Green Revolution and this acquisition could certainly be a start. 

Royal Dutch Shell (RDS-A, RDS-B

Royal Dutch Shell saw similar price action to that of BP although it declined slightly on Friday, June 29. On June 25, 2017, RDS-A opened at $68.08 per share. By the end of the week, the stock had climbed to $69.23 per share. This represents a weekly gain of 1.69%. 

Source: Fidelity Investments 

Royal Dutch Shell posted a gain over the past two weeks but was quite volatile just like BP. Traders may have been able to take advantage of this by exploiting some price fluctuations. On June 18, 2018, the stock opened at $67.30 per share. It thus delivered a two-week gain of 2.87%. 

Source: Fidelity Investments 

As was the case with many of the other companies discussed in this update, Royal Dutch Shell was a named plaintiff in the climate change case that was dismissed this week. This is clearly a positive for the company for the reasons already discussed, namely that it is much less likely that the company will have to pay out a massive financial settlement should the lawsuit go poorly for it. 

Eni (E

Italian oil giant Eni's stock chart is one that would certainly appeal to investors as it saw nothing but increases over the past week. The stock opened the week at $36.23 and closed out at $37.12, delivering an overall gain of 2.46% for the week. 

Source: Fidelity Investments 

The company's two-week performance was quite volatile, showing numerous peaks and troughs on the chart. It was, however, overall positive. On Monday, June 18, Eni stock opened on the NYSE at $35.66 per share. As it closed at $37.12 as already mentioned, it delivered a gain of 3.93% to its buy-and-hold investors. Traders could have also profited quite handsomely by taking advantage of the volatility. 

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Disclosure: I am long XOM and CVX via ETF holdings but have no direct long positions in any stocks mentioned.

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