Why Royal Dutch Shell's Value Increased by $10 Billion in October
Shares of Royal Dutch Shell plc (NYSE: RDS-B) rose 4.5% in October, which doesn't sound like a huge amount until you consider it in dollar terms. That move is the equivalent of a $10 billion increase in the integrated oil major's market cap. By comparison, competitor Chevron's stock fell more than 1% and ExxonMobil was up just 1.5% (or so) in the month. That, however, is the continuation of a trend, since Shell has been outperforming its peers all year long.
The interesting thing is that there wasn't much news to drive Shell's performance last month. However, since around July and August, Shell has been on a tear. There are two parts to this solid showing. First, oil has been heading in a generally upward direction since about that point. Shell is a commodity company, so energy prices will be a big piece of the performance puzzle.
Image source: Getty Images.
Source: Fool.com
