Shell Share Discussion Threads

[fjgooner] 10/2/2018 12:01

The last line in the article is my favourite:

“This is what we have been doing for 100 years, and this is most likely what we’re going to be doing for the next 100 years,”

-------------------



Shell Commits to Expanding Gas Stations as Some Rivals Retreat

By
Kevin Orland


‎08‎ ‎February‎ ‎2018‎ ‎21‎:‎03 Updated on ‎09‎ ‎February‎ ‎2018‎ ‎05‎:‎01
➞
Oil giant expects to expand in Canada by 50 stations a year

➞
Business is adapting to changing transportation landscape

While many oil producers are stepping back from their retail operations, Royal Dutch Shell Plc is doubling down.



Shell, which has about 44,000 filling stations around the world, opened its first one in Mexico last year, the start of $1 billion in investments over the next decade. Shell also is ramping up spending in China, India, Indonesia and Russia, Istvan Kapitany, head of Shell’s global retail business, said in an interview in Calgary.

Even Canada, where other companies have recently sold their retail operations, will see increasing investments. Shell added 50 gas stations in the country last year, bringing its total to about 1,300, and plans to build another 50 this year while also rolling out new features to capture more of drivers’ retail dollars and building up its business for commercial customers, he said.






“We have very, very ambitious growth plans, and Canada is part of that,” Kapitany said in an interview in Calgary.



Meanwhile, others have been leaving. Chevron Corp. last year sold its gas stations and a refinery in British Columbia for about $1.1 billion. Imperial Oil Ltd., majority owned by Exxon Mobil Corp., sold almost 500 company-owned stations to a group of five fuel distributors for $2.1 billion in 2016.

U.S. Market

In the U.S., Sunoco LP sold its gas stations last year, following in the footsteps of ConocoPhillips, Hess Corp. and Valero Energy Corp. While people associate energy producers like Exxon and Chevron with the stations that bear their names, most of those are franchises in the U.S. and oil majors only own a small fraction of them.

Among other producers holding on to their retail businesses are Marathon Petroleum Corp., which rejected a push from billionaire Paul Singer’s Elliott Management Corp. to spin it off, and BP Plc, which like Shell is expanding its presence in retail.

A key to Shell’s strategy is tailoring the stations to regional preferences. For example, in Canada, the Hague-based company is planning to announce a program to increase its healthy food offerings in the coming weeks. In Mexico, Shell touts its guarantee that customers are actually getting all the fuel they paid for, an important promise in a market where fraud at the pump is a problem.

‘Local Culture’

“Local customer demands have to be satisfied by a strong local team that understands the local culture,” Kapitany said. “In this business, there are no global customers. The customer is always local.”

Having robust refining and retail operations, also known as downstream businesses in industry parlance, has been particularly beneficial in Canada recently. That’s because a lack of pipeline capacity has weighed on Canadian oil prices, hurting companies who produce crude but benefiting those that can benefit from the cheaper feedstock.

For Shell, the retail business also is an important means for helping the company adapt to a changing energy world. Shell is building networks of electric-car charging stations in multiple locations while also rolling out locations for fuel-cell and natural gas-powered vehicles. Electric mobility will expand over the coming decades, and Shell needs to play a part in that transition to keep serving its customers, Kapitany said.

“This is what we have been doing for 100 years, and this is most likely what we’re going to be doing for the next 100 years,” he said.

[ariane] 09/2/2018 19:47

Royal Dutch Shell Publication of a Supplementary Prospectus
09/02/2018 5:07pm
UK Regulatory (RNS & others)


TIDMRDSA TIDMRDSB TIDM35CB TIDM39GW TIDM95UK TIDM35CI TIDM39HE TIDM11BP TIDM95UM TIDM39IC TIDM11AV TIDM72AF TIDM83JB TIDM95UL

Shell International Finance B.V. and Royal Dutch Shell plc

9 February 2018

Publication of Prospectus Supplement

The following documents (the "Documents") are available for viewing:

Prospectus Supplement dated 7 February 2018

Royal Dutch Shell plc unaudited consolidated interim financial statements for
the year ended 31 December 2017

The Documents must be read in conjunction with the Information Memorandum dated
8 August 2017, as supplemented by the first supplement dated 4 September 2017
and the second supplement dated 3 November 2017, relating to the Programme.
The Information Memorandum constitutes a base prospectus for the purposes of
Article 5.4 of Directive 2003/71/EC as amended. Full information on Shell
International Finance B.V. and Royal Dutch Shell plc is only available on the
basis of the Information Memorandum.

The Documents are available for viewing at the 'Financial Publications' section
of Shell's website. To view the Documents, please paste the following URLs
into the address bar of your browser.

Royal Dutch Shell plc unaudited consolidated interim financial statements for
the year ended 31 December 2017


q4-2017

Prospectus Supplement dated 7 February 2018


euro-medium-term-note-programme.html

Other content available on Shell's website and the content of any other website
accessible from hyperlinks on Shell's website is not incorporated into, and
does not forms part of, this announcement.

The Documents have also been submitted to the National Storage Mechanism and
will shortly be available for inspection at
.

Enquiries:

Shell Media Relations

International, UK, European Press: [phone]

Shell Investor Relations

Europe: + 31 (0)70 377 3996

[waldron] 09/2/2018 17:11

Shell A
2,242.5 -1.62%



Shell B
2,253.5 -1.85%

ANOTHER END OF DAY FALL

PREMIUM AT LOWEST NOW ONLY 11p

[ariane] 09/2/2018 14:29

9/02/2018 | 12:55

Paris (awp / afp) - The big oil and gas companies made billions of profits last year thanks to the rise in prices, but they remain cautious and do not want to spend sparingly.

The season of annual results confirmed the good health found in the sector. Total announced this week an annual net profit up 39% to $ 8.6 billion. Its competitors BP, Chevron, ExxonMobil or Royal Dutch Shell have also accumulated profits.

"2017 was one of the best years in BP's recent history," said Bob Dudley, general manager of the British group.

All benefited from the recovery in oil prices, supported by the efforts of the Organization of the Petroleum Exporting Countries (OPEC) and its partners, including Russia, which limited their production to reduce supply in the market.

Last year, oil prices were $ 54 per barrel on average, up from $ 44 in 2016. Brent North Sea crude is now trading at $ 70 a barrel.

The majors took the opportunity to spoil their shareholders, impatient after several years of lean cows, in the form of higher dividends and / or share buyback programs.

But this is not the return of the good years. Following the fall of the courts three and a half years ago, the majors had cut their costs and reduced their investments. After adjusting to be profitable with lower prices, they do not intend to release the bridle.

Shell boss Ben van Beurden summed up his mood last year, saying he was now working as if oil prices were to remain "lower forever".

"HESITATIONS AND UNCERTAINTIES"

"We maintain all these savings programs despite the rise in crude prices," confirmed this week the CEO of Total, Patrick Pouyanné.

Sign of prudence, the improvement of the economic situation is only reflected by a timid recovery of investments in exploration-production.

They had slightly rebounded 4% to 389 billion dollars worldwide last year and should still modestly increase by 2 to 6% this year, said IFP Energies nouvelles, in forecasts unveiled this week. A level that remains far from the $ 683 billion in 2014.

This increase, which is very uneven across regions, is also largely driven by North America and the independent companies that produce unconventional hydrocarbons. The majors, for their part, have seen their expenses fall by 16%.

"The leaders of the big oil companies have certainly breathed a sigh of relief because the rise in prices has yielded significant results," said David Elmes, energy specialist at Warwick Business School.

"But there are also hesitations and long-term uncertainties that limit any return to full-speed development," he says.

Companies remain cautious because the course of prices remains more uncertain than ever. Demand is expected to remain strong, particularly in China and India, but the rebalancing of the market is threatened by a possible opportunistic influx of American shale oil.

"I'm sure that the American independent companies will again invest a lot to benefit from a $ 60 barrel and produce more shale oil, so we will have volatility in the market," predicts Patrick Pouyanné.

[waldron] 09/2/2018 12:59

Shell A
2,249.5 -1.32%



Shell B
2,265.5 -1.33%


SHELL B SITTING MOMENTARILY IN THE 2175 to 2275p BOX

SHELL B WATCHING CLOSING CLOSELY AT END OF DAY

[fjgooner] 09/2/2018 12:42

Yep - he retained his bullish view on oil.

Notes I just took from Jeff Currie on Bloomberg:

In general we are seeing a trading risk not systemic risk in wider markets.

Commodities tend to perform well during rate-hiking cycles.

He stands by cyclical upgrade to $82.50 on Brent on 6 month view.

Crude market is far tighter than anticipated since demand growth is proving higher than anticipated. This is an upside catalyst for crude prices.

As sector emerges from the current after maintenance season, markets are to come out even tighter.

Commodities predicted to perform well in the months ahead.

[fjgooner] 09/2/2018 12:29

Jeff Currie - commodity/energy expert at Goldman - about to come on Bloomberg. Should be interesting. I bet he reiterates a long and mid term bullish view on oil.

[waldron] 09/2/2018 12:18

Shell A
2,260.5 -0.83%



Shell B
2,277 -0.83%

There SHELL B support at 2275p

[sogoesit] 09/2/2018 09:39

Getting close to a 6% Sterling yield here... looking oversold.
But risk is to "correct" to the 2200's on the chart.
In which case that would make a definite accumulation point.

[fjgooner] 08/2/2018 22:12

Yep - these are bad days for no corresponding company-related issue. Far from it - Shell is at its best for years with far more great news to come.

Another down day looks on the cards yet again tomorrow - thanks to a bloated DOW that got hugely overblown when the FTSE did not follow it up in price hardly at all - but will follow it down fully.

Madness - but that's the way it is.

Good times will be back soon.

FJ

[waldron] 08/2/2018 17:51

Shell A
2,279.5 -2.23%



Shell B
2,296 -2.11%

[waldron] 08/2/2018 17:09

Shell A
2,283.5 -2.06%


Shell B
2,303.5 -1.79%

SEEMS TO SELL OFF IN LAST COUPLE OF MINUTES AT DAYS END

BOOK BALANCING SHELL B IT SEEMS

[imperial3] 08/2/2018 14:46

Over supply fears giving these the jitters?

[montyhedge] 08/2/2018 07:59

£ getting weaker again, good for dividend.

[waldron] 07/2/2018 16:59

Shell A
2,331.5 +1.99%



Shell B
2,345.5 +1.76%

[fjgooner] 07/2/2018 00:13

Agreed - we will probably hit above 23.50 for RDSB quite early on. Quite right too.

Way oversold currently.

In the long term, discussions at prices this low will seem ludicrous. Strange days indeed.

[montyhedge] 06/2/2018 21:02

Big bounce tomorrow.

[fjgooner] 06/2/2018 20:57

We'll have far more than a 10% bounce within the next 12 weeks to 2018Q1 - not to worry.

[uapatel] 06/2/2018 17:28

Funny old game this holding RDS. 10% odd drop in share price over a couple of days.

Used the car today realised we still use petrol.

Oh well at least the dividend is fine.

Good luck all holders.