Royal Dutch Shell Share Discussion Threads

[sarkasm] 07/4/2021 09:30

Shell to Make First Profit From Oil Output Since Pandemic Began Laura Hurst, Bloomberg News (Bloomberg) -- Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic. In the first quarter of 2021, Shell’s upstream unit, which largely handles the exploration and production of oil, captured “the upside from the current commodity price environment," the company said on Wednesday. While earnings from natural gas, refining and chemicals helped Shell to post an overall profit last year, its core business reported consistent losses as energy prices plunged due to Covid-19. The return to profit upstream is another signal that the industry is recovering from the historic slump. Performance at the division that refines and markets fuels, which was profitable for most of 2020, improved slightly compared to the fourth quarter, Shell said. The severe winter storms in Texas, which crippled the state’s infrastructure and shut down a swath of oil and gas fields, will have an adverse impact on earnings of about $200 million, Shell said.

[waldron] 07/4/2021 08:17

Royal Dutch Shell PLC on Wednesday warned that the Texas winter storm is expected to have had a negative impact of $200 million on its first-quarter adjusted earnings. In addition, the FTSE 100 oil and gas major said it expects to report natural gas production of between 920,000 and 960,000 oil-equivalent barrels a day for the first quarter, combined with liquefied natural gas volumes of 7.8 million-8.4 million metric tons. This compares with previous guidance of 900,000-950,000 barrels and 8.0 million-8.4 million tons. For the upstream business, production is expected at 2.40 million-2.475 million oil-equivalent barrels a day, including a 10,000-20,000 barrels hit from the Texas storms. This compares with previous guidance of 2.40 million-2.60 million barrels. Sales volumes for oil products have been downgraded to 3.7 million-4.7 million barrels a day from 4.0 million-5.0 million. Sales volumes for the chemicals division have been revised down to 3.5 million-3.7 million tons from 3.6 million-3.9 million. Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT (END) Dow Jones Newswires April 07, 2021 02:38 ET (06:38 GMT)

[sarkasm] 05/4/2021 10:44

Russian Diplomat Says US Boosts Pressure on Nord Stream 2 as Construction Nears Completion 07:42 GMT 05.04.2021Get short URL MOSCOW (Sputnik) - The United States ratchets up pressure on the Nord Stream 2 project, as construction of the gas pipeline nears completion, Russian Deputy Foreign Minister Alexander Pankin said in an interview with Sputnik. "Construction of the Nord Stream 2 pipeline verges to a close, and this is exactly why the US intensifies pressure on the project, threatening countries involved in the construction with sanctions," Pankin said. o Find Consensus on Nord Stream 2, French Diplomat Says Most of the European countries are outraged by Washington's unilateral restrictions, which often have an extraterritorial effect and are imposed in circumvention of the United Nations Security Council, the Russian diplomat noted. "Berlin, Vienna and other capitals do not understand why the EU nations' energy policy should be regulated from Washington, why should Europe reject an economically advantageous gas pipeline and supplies through it?" Pankin continued. "The Nord Stream 2 will strategically strengthen Europe's energy security for dozens of years ahead, Our European partners understand this, this is why the countries that are interested in the project steadily support the completion of the gas pipeline construction and do not accept the US dictate," Pankin concluded. Nord Stream 2 is a joint venture of Russian energy company Gazprom and five European partners, aimed at the construction of a twin pipeline to deliver Russian gas to Germany beneath the Baltic Sea. The project is a constant target of criticism and sanctions by the United States, which calls it a threat to the energy security of Europe and Ukraine.

[sarkasm] 04/4/2021 18:05

Profiling the five largest oil and gas companies in the world Features & AnalysisOil & GasNatural Gas By James Murray 01 Apr 2021 The oil and gas industry boasts some of the largest companies in the world, with five producers listed in the top 10 of the Fortune Global 500 Largest oil and gas companies Oil and gas is often painted as the dirtiest sector within the energy industry (Credit: Shutterstock/SINCHAI_B) Sinopec and Royal Dutch Shell are two of the top five largest oil and gas companies in the world by revenue. Oil and gas is often painted as the dirtiest sector within the energy industry and has come under intense scrutiny over the past few years for its role in polluting the atmosphere. But, in a bid to clean up the economy, major companies have started to invest in renewable technologies as they expand their portfolios to cater to environmentally conscious investors. Those efforts, however, have been hampered over the past year by the coronavirus pandemic, which has had a dramatic impact on producers following a drastic drop in energy demand. Here, NS Energy profiles the top five largest oil and gas firms, based on the 2020 Fortune Global 500’s revenue figures. Five largest oil and gas companies in the world 1. Sinopec China Petroleum and Chemical Corporation, also known as Sinopec, is one of China’s three state-owned oil companies. The Beijing-headquartered firm, which was founded in 2000, is the second-largest company behind US retailer Walmart and the largest oil and gas firm in the world by revenue, after recording a whopping $407bn at the end of the 2019-20 fiscal year. The early implications of the coronavirus pandemic had a significant impact on producers in China, where the first cases of the virus were recorded in December 2019 and stringent government lockdown measures were imposed. As a result, Sinopec’s profits fell by more than 16% in 2019-20 to $6.8bn. 2. China National Petroleum China National Petroleum is the state-owned parent company of PetroChina – the country’s second-largest oil producer. Having brought in $379bn in revenue, China National Petroleum is also the second-largest oil and gas firm in the world. The Beijing-headquartered firm, which was founded in 1988, brought in $4.4bn in profits in 2019-20. It currently holds assets in 30 countries around the world. 3. Royal Dutch Shell Largest oil and gas companies Shell has recorded $352bn in revenue and is regarded as one of the “supermajors” (Credit: Shutterstock/siam.pukkato) Royal Dutch Shell, which was founded in 1907 and is headquartered in The Hague, Netherlands, is the third-largest oil and gas firm. The Anglo-Dutch multinational has recorded $352bn in revenue and is regarded as one of the “supermajors” – a term used to describe the world’s six largest publicly traded oil and gas firms. Following weaker oil prices, Shell’s profits were down by more than a third in 2019-20 to $15.8bn. Over the past few years, the company has expanded its portfolio by purchasing renewable energy assets such as UK-based electricity and gas provider First Utility, and Europe’s largest electric vehicle charging company NewMotion. Shell is aiming to become a net-zero emissions business by 2050. 4. Saudi Aramco Saudi Aramco is the state-owned oil company of Saudi Arabia and is the fourth-largest oil and gas company by revenue, after bringing in $330bn. The Dhahran-headquartered firm, which was founded in 1933, has the world’s second-largest proven crude oil reserves – more than 270 billion barrels – and is the largest daily oil-producing company. In December 2019, Saudi Aramco’s shares began trading on the Saudi Stock Exchange, where it became the largest initial public offering (IPO) in the world at the time, raising $25.6bn. The company recorded $88bn in profits in 2019-20. 5. BP BP, short for Beyond Petroleum, is the fifth-largest oil and gas company in the world. Due to weak oil prices, its revenue fell by 7% in 2019-20 to $283bn. The British oil giant, which is regarded as one of the supermajors, suffered a 57% drop in profits in the latest fiscal year to $4bn. The London-headquartered firm was founded in 1909 and has operations across 80 countries around the world. Having previously been the first oil major to commit significant capital to renewable energy projects, BP outlined its plan in February 2020 to reach net-zero emissions by 2050.

[the grumpy old men] 30/3/2021 09:49

Https://www.bnnbloomberg.ca/big-oil-s-secret-world-of-trading-1.1583987

[grupo] 29/3/2021 16:43

DIVI DATES Https://www.shell.com/investors/dividend-information/interim-dividend-timetable.html 4th quarter 2020 Event Date Dividend Payment date March 29, 2021

[the grumpy old men] 29/3/2021 09:14

Alastair Ford 08:08 Mon 29 Mar 2021 Deltic Energy and Shell UK give green light to drilling at Pensacola It's expected that the well will be drilled in May 2022 Deltic Energy PLC - Deltic Energy PLC and Shell UK Ltd decided to drill the high impact Pensacola prospect on Licence P2252 in the UK Southern North Sea. Shell and Deltic have subsequently confirmed to The Oil and Gas Authority the contingent well commitment is now firm. The drilling of this key well on Pensacola has the potential to be transformational for Deltic and is a vital step in evaluating the highly prospective Zechstein reef play which in turn has the potential to revitalise exploration in the Southern North Sea. Following re-interpretation of the new 3D seismic data acquired over the prospect, Deltic estimates the Pensacola prospect contains gross P50 prospective resources of 309 billion cubic feet of gas, which will rank Pensacola as one of the highest impact exploration targets to be drilled in the gas basin in recent years. A new interpretation of three-dimensional seismic data also resulted in a much-improved view of the geological chance of success associated with the prospect. Shell, as operator of the joint venture, expects the well to be drilled in May 2022. Deltic remains fully funded for its 30% working interest in the well. "Confirmation of this well investment decision represents the achievement of another key milestone as we continue to execute our exploration-led strategy in the Southern North Sea with our world class partner, Shell,” said Graham Swindells, chief executive of Deltic Energy. “The rigorous re-evaluation of the Pensacola prospect has validated and reinforced the fantastic work of our technical team and their initial view that the Pensacola prospect, and the Zechstein play as a whole, represented a significant missed opportunity in the Southern North Sea. Well planning is already underway, and we look forward to providing regular updates as we progress through the planning phase towards the commencement of operations, in addition to continuing to mature our other prospects, including Selene, towards drilling." Proactiveinvestors

[waldron] 27/3/2021 19:57

Cheniere and Shell oil tankers change course to avoid Suez Canal as ships divert routes Published Sat, Mar 27 202110:15 AM EDT Lori Ann LaRocco @loriannlarocco Key Points MarineTraffic data shows at least two vessels carrying U.S. liquefied natural gas from Cheniere and Shell/BG were diverted away from the Suez Canal as of Friday. Vessel log jam stretches through the Red Sea, past the Gulf of Aden, to the Border of Yemen and Oman. At least ten tankers and containerships are changing course as the Ever Given containership remains stranded across the canal.

[the grumpy old men] 27/3/2021 08:53

FWIW Https://www.fool.co.uk/investing/2021/03/27/i-think-the-bp-and-royal-dutch-shell-share-prices-can-rally-now-heres-why/

[maywillow] 26/3/2021 22:31

Gazprom: Nord Stream 2 Construction To Be Completed In 2021 By Charles Kennedy - Mar 26, 2021, 3:30 PM CDT The controversial Nord Stream 2 natural gas pipeline project will definitely be completed this year, Viktor Zubkov, chairman of the board of directors of Russia's gas giant Gazprom, said on Friday. "The active work is underway, with quite a bit remaining to be done," Zubkov told reporters, as carried by Russian news agency TASS. "It will surely be completed this year, definitely," Zubkov noted. Around 90-92 percent of the work required for the project has already been done, the Gazprom executive said. Earlier this year, Gazprom was said to have warned investors that the Nord Stream 2 project could be suspended or entirely discontinued due to extraordinary circumstances, including "political pressure." The project, which has divided Europe and drawn opposition and criticism from the United States, has to complete pipe-laying work in Danish territorial waters. However, the United States is threatening more sanctions on entities that help Gazprom, and on the partners in the project as it continues to seek to stop the project from actually happening and being commissioned. Germany, the end-point of the pipeline, has always looked at the Russia-led project from an economic standpoint, while the United States, several European countries, including the Baltic states, Poland, and the European Union (EU), have expressed concern about Russia using gas sales and its gas monopoly Gazprom as a political tool. U.S. President Joe Biden "continues to believe that Nord Stream 2 is a bad deal for Europe," White House Press Secretary Jen Psaki said at a briefing at the end of January. Over the past months, the U.S. has been broadening the sanctions against service providers and those funding vessels involved in the construction of Nord Stream 2 in a fresh attempt to prevent the project from completing. There is still a stretch of the pipeline route to be laid in the sea in Danish waters, but the U.S. is now targeting anyone helping the project's completion in any way. By Charles Kennedy for Oilprice.com

[77howard] 26/3/2021 21:10

Pantheon Resources (PANR) about to rocket: Talitha #A well on the Alaskan North Slope has encountered five significant oil bearing zones plus an unexpected additional prospective zone. "The results to date and the potential economic value as discussed earlier i.e., 350-500 million barrels of recoverable oil at an estimated NPV10 of over $10/bbl (at today's oil price) represents a huge potentially multi billion dollar prize that we can test over coming weeks." hTTps://uk.advfn.com/stock-market/london/pantheon-resources-PANR/share-news/Pantheon-Resources-PLC-Operational-update-Talitha/84516128 hTTps://uk.advfn.com/stock-market/london/pantheon-resources-PANR/share-news/Pantheon-Resources-PLC-Update-on-Forthcoming-Share/84674593

[grupo guitarlumber] 24/3/2021 11:06

ROYAL DUTCH SHELL PLC (RDSA) Real-time Quote. Real-time Euronext Amsterdam - 03/24 07:05:00 am 16.914 EUR +0.23%

[waldron] 17/3/2021 17:19

A Milan court has found European oil companies Royal Dutch Shell PLC and Eni SpA, along with the latter's chief executive, not guilty of bribery and other charges on Wednesday in one of the energy industry's biggest corruption cases. Shell and Eni, along with Claudio Descalzi -- who has been with Italy's state-backed Eni for 40 years and chief executive officer since 2014 -- were on trial over a $1.3 billion payment for drilling rights in Nigeria. Write to Sarah McFarlane at [e-mail] (END) Dow Jones Newswires March 17, 2021 12:33 ET (16:33 GMT)

[grupo guitarlumber] 16/3/2021 09:32

Shell seeks to divest Malaysia assets Shell is seeking to divest its non-operated interests in the amended 2011 Baram Delta enhanced oil recovery (EOR) production-sharing contract (PSC) and the SK 307 PSC, both offshore Sarawak in Malaysia. by Damon Evans 16/03/2021, 7:13 am Energy Voice daily newsletter Shell is seeking to divest its non-operated interests in the amended 2011 Baram Delta enhanced oil recovery (EOR) production-sharing contract (PSC) and the SK 307 PSC, both offshore Sarawak in Malaysia. Both the PSCs are operated by Malaysian national oil company (NOC) Petronas Carigali. Shell said on Friday that the decision was in line with its upstream strategy to become more focused and increase its competitiveness. The Anglo-Dutch supermajor added that it “remains committed to supporting the operator in delivering safe and smooth operations until completion of a sale to a credible buyer.” Shell added that Malaysia remains an important country for the company with its continued strong presence in the upstream, gas-to-liquids, downstream and business operations sectors. The upstream business in Malaysia has been identified as one of Shell’s nine core upstream performance units worldwide. Petronas operates the Amended 2011 Baram Delta EOR PSC with a 60% stake on behalf of Shell, which holds the remaining 40% equity interest. The Amended 2011 Baram Delta EOR PSC was signed in 2016, to extend the life and increase the recovery factor of the Baram Delta. The (Amended) 2011 Baram Delta EOR PSC comprises the Bokor, Baronia, Fairley Baram, Bakau and Siwa oil fields and Tukau Timur and Baronia gas fields. Petronas operates the SK307 PSC on 50% interest with Shell holding the remaining 50% equity interest. The SK307 PSC was signed in 1997 and currently has production from Baronia Barat oil field.

[piperpeter] 15/3/2021 21:23

Oil and gas production, and coming soon... Green Hydrogen and ammonia production. https://atomeplc.com/ President Energy plc. "Prepare for lift-off". PPC Pp.

[ariane] 15/3/2021 10:37

ROYAL DUTCH SHELL PLC FOURTH QUARTER 2020 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS Email Print Friendly Share March 15, 2021 03:00 ET | Source: Shell International B.V. The Hague, March 15, 2021 - The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2020 interim dividend, which was announced on February 4, 2021 at US$0.1665 per A ordinary share (“A Share”) and B ordinary share (“B Share”). Dividends on A Shares will be paid, by default, in euros at the rate of €0.1396 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by March 5, 2021 will be entitled to a dividend of US$0.1665 or 11.96p per A Share, respectively. Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 11.96p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by March 5, 2021 will be entitled to a dividend of US$0.1665 or €0.1396 per B Share, respectively. Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from 10 March to 12 March 2021. This dividend will be payable on March 29, 2021 to those members whose names were on the Register of Members on February 19, 2021. Taxation - cash dividend Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax. If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Royal Dutch Shell plc GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

[florenceorbis] 13/3/2021 17:25

Ariane 9 Mar '21 - 09:41 - 2860 of 2870 0 2 0 DIVI DATES Https://www.shell.com/investors/dividend-information/interim-dividend-timetable.html 4th quarter 2020 Event Date Pounds sterling and euro equivalents announcement date March 15, 2021 Payment date March 29, 2021

[grupo] 12/3/2021 22:41

RDS.A : Shell sees 70%-complete Pennsylvania petchem project operational in 2022 4:31 pm, Fri, Mar. 12, 2021

[waldron] 12/3/2021 19:00

Shell Nearly Doubles Profit from Oil Trading by Bloomberg | Laura Hurst | Friday, March 12, 2021 submit to reddit email print Shell Nearly Doubles Profit from Oil Trading The result is a boon to the company amid the energy transition. (Bloomberg) -- Royal Dutch Shell Plc disclosed the profitability of its sprawling and secretive oil-trading unit for the first time, saying it almost doubled to $2.6 billion last year. The scale of that result shows the importance of the trading division to the oil major in a year when weak demand and prices hit other parts of the business. Shell took advantage of wild price swings and a market situation that allowed it to make money by storing oil to sell later for a profit. The company’s earnings from oil trading in 2020 beat the highest ever net income at Vitol Group, the world’s largest independent trading house, which made a record $2.3 billion in 2019. Vitol has yet to disclose 2020 results. Shell only revealed the earnings from oil trading in its annual report, and left power, natural gas and liquefied natural gas trading out. Analysts suspect it was able to make similar profits from those businesses. The result is a boon to the company amid the energy transition as it leans on its trading prowess to push through less-profitable renewables. Shell’s B shares were up 0.4% at 1,510.8 pence as of 1:29 p.m. in London on Friday. “Trading operations are dismissed by the market as unsustainable” and don’t add a “serious”; premium to a company’s valuation, Sanford C. Bernstein analyst Oswald Clint said in a note. However, the disclosure shows “real value creation which will transfer over into renewable power.” BP Benefits Rival BP Plc made a similar disclosure last year when its Chief Executive Officer Bernard Looney revealed trading typically boosted returns by 2 percentage points a year, suggesting it makes annual profit of around $2.5 billion. The London-based major is also expanding in renewables, while scaling back its oil production. Bernstein estimates that BP earned $2.9 billion from oil and products trading last year and a further $1 billion from gas. For Shell, it estimates LNG trading brought in an additional $2.6 billion. The Anglo-Dutch major is the world’s largest trader of the liquefied fuel. The two European energy giants are best known for their oil and gas operations, but they’re also two of the biggest commodity traders. Between them, Shell and BP move more than 20 million barrels of oil and refined products a day, much more than the volumes they pump out of the ground. Yet trading has always been kept a closely guarded secret, with executives typically only making mentions of the units’ performance with general platitudes. In the second quarter of last year, when supermajors’ balance sheets were savaged by the impact of the coronavirus on oil prices, their trading units saved them from posting quarterly losses. Still, valuations for European oil companies remain in the doldrums and investors are still not rewarding them for climate strategies that remain unproven. “Each day investors understand the rationale and the proposition more, but understandably they want to see results, they want to see execution,” BP’s Looney said Thursday in a webinar. --With assistance from Javier Blas.