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RDSA Shell Plc

1,895.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:RDSA London Ordinary Share GB00B03MLX29 'A' ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,895.20 1,900.20 1,900.80 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Shell Share Discussion Threads

Showing 551 to 560 of 3150 messages
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DateSubjectAuthorDiscuss
16/11/2016
11:15
Global oil demand won't stop growing before 2040 despite pledges made at the Paris climate change summit last year to cap greenhouse-gas emissions, the head of the International Energy Agency said.

IEA Executive Director Fatih Birol's comments have added to a debate over when oil consumption—which has steadily grown for decades—will begin a sustained decline, a change known as peak demand. Royal Dutch Shell PLC's Chief Financial Officer Simon Henry caused a stir earlier this month when he said the company believes demand for oil could stop growing within the next two decades and as soon as five years.

Mr. Birol said demand will keep rising for longer because there are currently scant alternatives to oil for road freight, aviation and petrochemicals, despite increasing investment in renewable energy.

Even efficiency gains in petrol engines and an increase in the number of electric vehicles on the road won't be enough to halt a rise in oil demand, he added.

"The era of fossil fuels appears to be far from being over," Mr. Birol said.

Mr. Birol's remarks were made as the IEA publishes its annual report, forecasting global energy supply and demand to 2040.

Oil companies have started to look at a future in which consumer demand for their core product could stop growing due to climate policies and efficiency gains.

"We've long been of the opinion that demand will peak before supply," Mr. Henry of Shell told analysts this month. "And that peak may be somewhere between five and 15 years hence and it will be driven by efficiency and substitution."

Saudi Arabia, the world's largest exporter of crude oil, has begun preparing for a day when oil is no longer the dominant fuel. The kingdom is planning to publicly list a small piece of its giant state-run petroleum company, Saudi Arabia Oil Co., and use the money to invest in developing its economy away from crude.

However, Saudi Arabia hasn't put an estimate on the timing of peak demand.

Oil demand could peak by 2020 if a more stringent approach on climate change is taken, the IEA said, something that is looking increasingly unlikely after the election of Donald Trump in the U.S. The president-elect has called climate change a hoax and has said he would withdraw from the Paris deal.

Government officials from dozens of countries are working this month in Morocco to implement curbs on emissions agreed last year in Paris. Even if successful, that effort may not be enough to quickly slow down crude-oil consumption, Mr. Birol said.

"Today 81% of global energy comes from fossil fuels and in 2040, even if all the pledges are implemented, this share will go down to 74%.

Under the IEA's central scenario in its World Energy Outlook to 2040, global oil demand is set to grow almost 12% to 103.5 million barrels a day in 2040, compared with 92.5 million barrels a day in 2015.

Oil demand is set to fall more quickly in the Organization for Economic Cooperation and Development, a group of countries with advanced industrial economies, but this reduction is more than offset by increases elsewhere. India is set to become the leading source of growth, while China will overtake the U.S. to become the single largest consuming country in the early 2030s, the IEA said in the report.

Write to Selina Williams at selina.williams@wsj.com



(END) Dow Jones Newswires

November 16, 2016 04:25 ET (09:25 GMT)

waldron
14/11/2016
08:42
Shell vs BP: which oil giant should you buy?

0 Comments
BP sign
Experts are split over which stock has the best investment case Credit: Dave Thompson/PA Wire

James Connington

14 November 2016 • 8:18am

In the hunt for income‑producing stocks, BP and Royal Dutch Shell are two obvious candidates.

Both have so far kept dividend promises made before the oil price crash, leading to hefty yields: 7pc for BP and 6.7pc at Shell. But which firm is better placed to sustain such attractive dividends?

At first glance, it can look like splitting hairs. Each is prioritising dividend payments, although there is little chance of dividend growth.

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Both have taken significant action to cut costs and sell assets in response to the lower oil price.

They are also evenly matched on dividend cover, which is the ratio of a company's net profit to the amount promised in dividend payments.

In other words, it's a measure of a company's ability to pay a dividend from profits alone.

According to the latest figures, for 2016, Shell’s dividend cover is 0.5 and BP’s is 0.4, meaning neither is paying its dividend purely out of profit. Both have a forecast of 1 for next year, according to broker AJ Bell.

But there are key differences: Shell spent £40bn to buy BG Group, a rival firm, earlier this year, while the financial cost of the Deepwater Horizon accident was disastrous for BP.

Liz Dhillon, an analyst at investment manager Quilter Cheviot, prefers Shell.

She said: “I was positive on Shell’s takeover of BG. It has effectively bought future reserves, which all big companies are struggling to replace. I think it has sufficient flexibility in terms of costs and asset sales to maintain the dividend.”

Ms Dhillon said Shell’s “dividend first” policy might have to change if the oil price performed poorly, but “in a reasonably positive scenario I think the dividend is safe”.

She added: “I don’t dislike BP, and again don’t see much short-term threat to the dividend. My longer-term concerns are its focus on higher-risk areas such as Russia and the lack of growth in new exploration. It will need to spend more.”

BP also sold out of “an awful lot of potential growth” to meet the cost of the Deepwater Horizon disaster, Ms Dhillon said.

Eric Moore, manager of the Miton Income fund, holds both firms in the top 10 of his portfolio. He prefers BP, but said the yield figures for both companies implied that the market didn’t think either was sustainable.

“Generally, things that yield more than 6pc don’t do so for long,” he said.

“They are both reliant on the idea that oil goes back to $60 by the end of the decade. If you want to hang your hat on those yields, you can’t get away from that.”

His preference for BP stems from the timing of cost cutting and investment by each firm.
How to buy shares online Play! 02:17

“Shell spoke of a $70‑$110 range and kept spending assuming $100 oil. It has belatedly been cutting costs and canning projects, but its behaviour is cyclical, investing at the top and cutting at the bottom,” he said.

Mr Moore said he would like to see Shell investing now, while there are cheap assets and less competition for new oilfields. By comparison, he said BP had been making cuts and selling assets far earlier, putting it in a better position to invest now.

grupo
11/11/2016
07:57
Shell Plans to Invest $10 Billion in Brazil Over Next Five Years
10/11/2016 7:21pm
Dow Jones News

Shell A (LSE:RDSA)
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Today : Friday 11 November 2016
Click Here for more Shell A Charts.

By Paul Kiernan

RIO DE JANEIRO -- Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s.

Shell plans to invest $10 billion in the South American nation over the next five years, Wael Sawan, the company's executive vice president for deep water, said in an interview this week. That would come on top of the more than $30 billion in capital the company says it has deployed in Brazil, where it operates 5,500 energy stations and acquired a large number of oil-and-gas assets earlier this year via its takeover of BG Group PLC.

"We are by far the largest foreign investor," Mr. Sawan said. "Every single year we will be investing around $2 billion."

Foreign oil firms have been eyeing Brazil with renewed interest in recent months since the impeachment of President Dilma Rousseff opened the door for an administration widely seen as more friendly to investors. The new president, Michel Temer, is pushing legislation aimed at encouraging investment in the oil sector as part of broader effort to dig Brazil out of its worst recession in at least a century.

Shell held a series of investor presentations in Brazil this week. Chief Executive Ben van Beurden met with Mr. Temer in Brasília on Thursday.

"We continue to be encouraged by what we hear, at the government level, at the ministerial level, what we read in the press, what we have in our meetings with government officials," Mr. Sawan said. "The fundamental view that foreign investment is good for the country, and specifically in the oil and gas sector...gives us confidence that we are welcome here."

Shell's roughly $50 billion acquisition of BG was driven in large part by its assets off the Brazilian coast. Mr. Sawan said these and other assets in Brazil should produce 400,000 barrels of oil per day in coming years, accounting for much of the 900,000 barrels per day of oil that Shell aims to produce in deep water starting around 2020.

Deep water output last year amounted to 450,000 barrels.

Company executives say Shell's 103-year presence in Brazil makes them comfortable with the country's often-challenging investment environment.

Shell was one of only a few foreign oil firms that bid on a massive offshore oil deposit named Libra that Brazil auctioned off in 2013, snapping up a 20% stake. That auction attracted relatively little interest from private companies because of rules obliging Brazilian state-run oil firm Petróleo Brasileiro SA to operate the oil field.

Brazil's Congress voted in October to ease restrictions on foreign investment on such oil fields, known as the pre-salt.

Write to Paul Kiernan at paul.kiernan@wsj.com



(END) Dow Jones Newswires

November 10, 2016 14:06 ET (19:06 GMT)

la forge
04/11/2016
10:11
Shell says oil demand could peak in five years

Contraversial view puts it at odds with some of its biggest competitors who say crude will be pumped out of the ground in increasing quanitities for decades

Rakteem Katakey
19 minutes ago
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Royal Dutch Shell, the world’s second-biggest energy company by market value, thinks demand for oil could peak in as little as five years, a rare statement in an industry that commonly forecasts decades of growth.

“We’ve long been of the opinion that demand will peak before supply,” chief financial officer Simon Henry said. “And that peak may be somewhere between 5 and 15 years hence, and it will be driven by efficiency and substitution, more than offsetting the new demand for transport.”

Shell's view puts it at odds with some of its biggest competitors. Exxon Mobil, the largest publicly traded oil company, said in its annual outlook that “global demand for oil and other liquids is projected to rise by about 20 per cent from 2014 to 2040.” Saudi Arabia, the biggest producer, with enough reserves to last it 70 years, has said demand will continue to grow, boosted by consumption in emerging markets.
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If renewable energy and other disruptive technologies such as electric cars continue their rapid advance, petroleum use will reach its maximum level in 2030, the World Energy Council has forecast. Michael Liebreich, founder of Bloomberg New Energy Finance, predicts a peak in 2025 and decline in the 2030s.

“For the first time, oil companies have to think seriously about the future,” Alastair Syme, an oil analyst at Citigroup Inc. in London, said by phone. Drillers that even a couple of years ago believed “every molecule of oil we produce will have a market,” have come to realize they “can afford to bring on only the most competitive assets.”

Shell will be in business for “many decades to come” because it is focusing more on natural gas and expanding its new-energy businesses including biofuels and hydrogen, Henry said.

“Even if oil demand declines, its replacements will be in products that we are very well placed to supply one way or the other, so we need to be the energy major of the 2050s,” Henry said. “That underpins our strategic thinking. It’s part of the switch to gas, it’s part of what we do in biofuels, both now and in the future.”

maywillow
04/11/2016
07:54
Ex-dividend date RDS A and RDS B ADSs November 8,
maywillow
01/11/2016
13:08
BP And Royal Dutch Shell Q3 2016 Earnings
By FOREX.com (Kathleen Brooks)Market Overview1 hour ago (Nov 01, 2016 11:13)

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Shell (LON:RDSa)'s headline surprise is rightly impressing shareholders.

Although the result is fairly noisy and even a little foggy (note the group excludes “identified items”) it’s still clear the benefit from rising BG volumes is kicking in, whilst a more adroit recalibration of expenses is also showing too.

On a related note, ‘forward guidance’ on capex plans continues, as the group continues its rolling programme of reducing the gradient of future capex, this time to the lower end of the prior range in 2017 (c. $25bn).

Maybe the quarter was a fortunate one for production write-off costs, which could pick up in H1.

Either way, Shell looks to have played its own particular hand better than many oil majors who have reported Q3, and CEO Van Beurden’s “Dividend Statement” succeeded in avoiding all sensitive eggshells as well.

For BP (LON:BP), the £728m one-off now non-operating/accounting gain which flattered the upstream outcome, and downstream underlying pre-tax profit decline of 39% y/y to £1.4bn, make these figures overall poorer than many City of expectations.

This unforced error is a moderately surprising disappointment.

The group did continue to demonstrate resilient cash-generative strength during the quarter, which investors continue to overlook, perhaps understandably.

For me, BP stating that it remains on track to achieve organic free cash flow (net of Gulf of Mexico payments) with oil at $50bbl-$55bbl is the strongest positive takeaway from its Q3 figures.

Shareholders however are judging BP based on recent performance against other super majors and have the group wanting.

waldron
01/11/2016
11:45
News & Tips: BP, Royal Dutch Shell, Shire & more
Today's market overview
News & Tips: BP, Royal Dutch Shell, Shire & more

London shares are up a little on the first day of the month, but trading has been choppy. Click here for The Trader Nicole Elliott's latest thoughts on the markets.

IC TIP UPDATES:

On any given day, the share price movements of Royal Dutch Shell (RDSB) and BP (BP.) tend to move in tandem with expectations for the oil price, but today was an exception. Shell stock rose 4 per cent this morning thanks to better than expected third quarter underlying profits of $2.8bn and strong output from the assets it acquired from BG last year. We remain buyers. Meanwhile, BP shares dropped by 3 per cent after forecasts for the company’s upstream division fell below analyst expectations. However, the group’s 48 per cent year-on-year decline in underlying replacement cost profit – the industry’s preferred measure of profitability – was ahead of forecasts. The oil major also used its results to announce the appointment of former Maersk and Carlsberg chief Nils Andersen as a non-executive director.

Conviviality (CVR) shares are up more than 4 per cent in early trading following an impressive trading update from the retail group. Group revenues - which has benefitted from the company’s acquisitive strategy - have ballooned 211 per cent to £783m over the 26 weeks ended 30 October, with sales up across every individual business unit. The group now trades via three separate arms: Conviviality Retail for the off-licence chains, Conviviality Trading for events and Conviviality Direct is the company’s wholesale division. Interim results are due in January, but we remain buyers.

Express Scripts, the largest pharmaceutical management business in the US, sent Shire (SHP) shares spiralling downwards yesterday after speculating that hemophilia drugs (of which Shire owns many) could be at risk of not being covered by insurance. Shire ended the day trading down 3 per cent. But many believe that this is an over reaction as it is very unlikely that insurers will cease coverage of drugs that are so crucial to managing a potentially life threatening illness. No doubt management at Shire will shed some light on the issue in the third quarter results call later today. Buy

Horizon Discovery (HZD) has reassured the market that it’s back to business as normal after it relocated its services business from Boston to the UK. The group announced that its UK site is now fully operational and will perform at maximum capacity for the remainder of 2016. Revenue in excess of £0.8m is expected to be generated between now and early 2017 and the order book already extends to £1.6m the 2017 financial year. Buy

It’s not the most comfortable ride over at bus and rail company Go-Ahead (GOG) at the moment but its first quarter update has avoided any major potholes. Its regional bus revenue continues to be impacted by weak economic conditions in the north east of England but revenue still grew 2 per cent in spite of this and passenger journeys rose 0.5 per cent. In London, revenue growth at 4 per cent which, as management had expected, has slowed somewhat. But the group has fully hedged its fuel requirements out to 2018 so at least has its costs under control. In rail, it’s troubled Southern brand, which runs under the Govia joint venture franchise, saw passenger revenue fall 3 per cent and passenger journeys drop 0.5 per cent. Major works at London Bridge station and industrial action by workers have hampered operations here. Its Southeastern and London Midland services both saw revenue and passenger numbers grow. Overseas, it began its first Singaporean bus contract in September and its German rail contracts begin in 2019. We keep our buy rating.

Renew Holdings (RNWH) has acquired Giffen Holdings, mechanical, electronic and technical specialist undertaking work for Network Rail and London Underground. For the year ended 30 September 2016 Giffen is expected to record revenue of around £22m and adjusted pre-tax profits of £0.7m. Following the acquisition Giffen will report into Amco Rail, Renew’s railway infrastructure business. Buy.

KEY STORIES:

The merger between Ladbrokes (LAD) and its private rival Gala Coral has now completed and the group has officially changed its name to Ladbrokes Coral, which will use the ticker LCL. Chief executive Jim Mullen said he would “deliver synergies as quickly as possible” and that the company would continue as the two separate parts had done in terms of “winning in increasingly competitive markets”.

Shares in First Derivatives (FDP) climbed 5 per cent after the data analytics and consulting group’s turnover leapt more than a third in the six months to 31 August, driving adjusted cash profits up 26 per cent to £13.6m. Sales of managed services and consulting leapt 21 per cent, largely reflecting the impact of more consultants and managed services contract wins, while software revenues surged 60 per cent.

Strong demand from households to switch their insurance and utilities providers drove sales up 12 per cent at Moneysupermarket.com (MONY) in the third quarter to 30 September. The price comparison website’s MoneySavingExpert subsidiary also posted an 8 per cent rise in revenue, as record numbers of customers switched energy suppliers.

Shares in Standard Chartered (STAN) fell 6 per cent after the Asia-focused bank reported a decline of around half in pre-tax profits for the first nine months of the year. Operating income was flat at $3.47bn but the group incurred $141m in restructuring charges in relation to its liquidation portfolio and marginally higher operating expenses. Loan impairments were 5 per cent lower at almost $600m.

Virgin Money (VM.) reported a rise in net mortgage lending of around a third during the first nine months of the year to £3.5bn. Credit card balances increased 41 per cent to £2.2bn, however implementing tighter credit scores for new applications after the referendum meant growth slowed during the third quarter. However, management said it remains on track to deliver double-digit return on equity for 2017.

Non-Standard Finance (NSF) grew credit issued by its Everyday Loans business by almost a fifth during the seven months since acquisition to £120m. Its Loans at Home division also increased a third during the first nine months of the year, although faster than expected growth meant costs and impairments also grew more rapidly. Management has closed some of its smaller agencies.

OTHER COMPANY NEWS:

Hastings (HSTG) has come a long way in the year since flotation, and the motor insurance specialist lifted gross written premiums by 26 per cent in the nine months to September. Live customer policies rose 16 per cent to 2.29m, and the group increased its market share from 5.6 per cent to 6.4 per cent. Buy.

It’s that time of the month again for Premier Oil (PMO). The energy group has again managed to defer a test of its financial covenants until the end of November, as part of negotiations with its lending group. Shares in the firm rose by 2 per cent in early trading.

waldron
01/11/2016
10:00
LONDON—Royal Dutch Shell PLC reported a marked increase in third-quarter profit Tuesday, reversing a successive decline in earnings this year as its drive to lower costs to counter weak oil prices bore fruit.

The company said its quarterly profit on a current cost-of-supplies basis—a number similar to the net income that U.S. oil companies report --was $1.4 billion, up from a loss of $6.1 billion in the third quarter of 2015 and sharply higher compared with the previous quarter.

The improvement in earnings is an important victory for management, who must show they are taking steps to sustain the business through a t wo-year slump in oil prices and are able to deliver value after completing a roughly $50 billion acquisition of smaller rival BG Group earlier this year that many investors worried was overpriced.

Despite the strong earnings, Shell remained cautious. "Lower oil prices continue to be a significant challenge across the business, and the outlook remains uncertain," Chief Executive Ben van Beurden said.

The company has taken steps to slash costs and drive down spending to manage the lower price environment, succeeding in improving the profitability of all of its business units in the third quarter compared with a year earlier when one-off items like impairments are stripped out.

Increased production as a result of the BG deal also helped support earnings in the third quarter and new start ups are expected to add more than 250,000 barrels of oil equivalent a day this year, helping boost cash flow.

Shares in Shell traded sharply higher following its earnings' announcement, rising 3.3% in early trading.

The company still needs to deliver on its plans to divest $30 billion worth of assets over the next three years to help manage the cost of its BG acquisition. Shell said it is actively working on 16 sales, but sales so far this year amount to just $1.7 billion.

Write to Sarah Kent at sarah.kent@wsj.com



(END) Dow Jones Newswires

November 01, 2016 04:45 ET (08:45 GMT)

grupo
21/10/2016
12:12
Shell A (LSE:RDSA)
Intraday Stock Chart

Today : Friday 21 October 2016
Click Here for more Shell A Charts.

CALGARY, Alberta--Royal Dutch Shell PLC said it had reached a deal to sell $1 billion of shale-oil and gas assets in Western Canada as part of a global divestment program to raise cash and streamline its business operations.

Shell said Thursday it would sell developed and undeveloped acreage in the Canadian provinces of Alberta and British Columbia to Calgary-based Tourmaline Oil Corp. Those assets currently produce dry gas and natural-gas liquids equivalent to 24,850 barrels a day of oil.

The deal comes as Shell seeks to shed $30 billion assets world-wide after its $50 billion acquisition of BG Group PLC in February. It represents a further retrenchment for Shell in Canada, where a year ago it shelved plans for a major new oil-sands project and took a $2 billion write-down.

"We are strengthening our shales business and creating shareholder value by selling assets that do not fit our near-term development plans," Andy Brown, the head of Shell's exploration and production business, said in a statement.

The oil-and-gas major called the approximately 206,000 net acres it is selling to Tourmaline "noncore" assets and said it retained about 430,000 net acres in Alberta's Duvernay Shale basin and some 218,000 net acres in the Montney Formation of British Columbia.

In addition to the acreage, Tourmaline will acquire three Canadian natural gas processing plants and about 450 miles of pipelines from Shell as part of the deal, which is valued at $1.04 billion, the Canadian company said.

Write to Chester Dawson at chester.dawson@wsj.com



(END) Dow Jones Newswires

October 21, 2016 03:25 ET (07:25 GMT)

maywillow
12/10/2016
22:49
But then how about zerohedge???? Oil is boring.
rwauu
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