The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Saudi Aramco sent a request for proposal to several banks, people familiar with the matter told CNBC on Monday.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.Technologyread more
The petition, which has garnered more than 1,000 signatures since Thursday, is the latest example of pushback from increasingly vocal employees against Google leaders, who...Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
To be sure, that's not a large rise from current levels.
Van Beurden said forecasting oil prices in the short term was "very difficult," but he still expected gains.
"I do think oil prices are going to go up over time as a result of the tightening of the market," he said. "It's not unreasonable to expect that if you want to make financial projections going out in the future, you want to make projections around $60 oil by the end of the decade."
He noted that growth in oil demand has been fairly consistent, increasing approximately 1.6 million to 1.7 million barrels a day, with the exception of outlier years affected by events such as the financial crisis.
Supply in the oil markets, however, was a considerably more complicated picture, he explained.
"It's a mix of OPEC, it's shales, it's large complex projects and they each have their own dynamic in terms of response time to prices ... And on top of it, there's a lot of sentiment that is feeding the markets," van Beurden said.
But the slim gains in oil prices didn't appear likely to have an out-sized impact on the company's performance.
Royal Dutch Shell expects to have a "significant, higher amount" of free cash flow with oil at $60 a barrel than when it was at $90 years ago, van Beurden said.
"Nobody can predict how it's going to play out," he said, adding that those in the commodity business needed to be prepared for downturns.
"Therefore, our mindset needs to be building resilience. And you do it with a 'lower forever' mindset," he said.
By ensuring that projects had the lowest possible break-even price, the company would be able to survive even if oil prices came down further, van Beurden said.
"If you have a strategy that is predicated on really trying to understand what the future of the oil price is going to be, and then betting on it, I think you're basically betting the company. So you should never have that as a philosophy," he explained.
Oil prices spiked early this week after Turkish President Recep Tayyip Erdogan warned about cutting off a pipeline carrying oil from the semiautonomous Kurdish region in Iraq to Turkey. The threat came after Kurds voted in an independence referendum which was opposed by several countries, including the U.S. and Turkey, Reuters reported.