Weaker Oil Prices Hit Shell Profits — Finspreads
LONDON–(Marketwire / Asianet-Pakistan – January 31, 2013) – Finspreads: Annual profits for oil company Royal Dutch Shell have fallen to $27 billion (£17 billion), a drop in comparison to the $28.6 billion made in 2011.
The retreat comes despite Shell’s profits for the last three months rising from $6.5 billion to $7.3 billion, but the company was hit by the fall in oil prices throughout last year.
In a statement released on its website, Shell’s chief executive described 2012 as a year of “headwinds,” adding that the company is “delivering a strategy that others can’t easily repeat.”
Shell actually increased its output during last year, with 2012 being the first year it sold more gas than oil in its history, and has already stated an intention to press on with plans to deliver more oil and gas, despite the difficult financial climate in many regions across the world.
At 1010GMT Shell’s shares were valued on the FTSE 100 at 2277.50p, a fall of 1.21 per cent.
Learn more about spread betting strategies and the FTSE 100 index at Finspreads.
Often underestimated by some traders, your trading psychology could have a large impact on your success or failure as a spread bettor.
Market prices are moving in real time and with volatility and your open profits or losses fluctuating regularly, trading can be hard on your emotions. This could convince you into making trades on impulse without thinking about your trading plan or strategy. This is why trading psychology can be an important element to consider when trading if you want to fulfill your trading potential.
Whilst most traders think of themselves as one of three types — technical analysts, fundamental analysts or a combination of both — there are also other factors that traders need to consider when identifying what sort of trader you are. For instance, are you looking to profit from very short-term price movements or do you plan to place longer term trades spanning a few days or more?
Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.