Share Name Share Symbol Market Type Share ISIN Share Description
Royal Dutch 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
  -8.60 -0.6% 1,421.60 1,422.20 1,422.80 1,448.20 1,417.60 1,442.40 9,910,572 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 13,205.3 -19,723.5 -203.3 - 58,303

Royal Dutch Shell Share Discussion Threads

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Oil shortage ahead? Aramco: supply crunch on under-investment; IEA, OPEC pare recovery views Steve Sutherlin An oil shortage may be in the works due to underinvestment in the energy sector and rising demand, Saudi Aramco CEO Amin Nasser said Oct. 13. “There is a concern that we might end up with a supply crunch over the mid to long term if this level of investment is not corrected looking forward,” Nasser said in remarks to the Energy Intelligence Forum. Nasser’s remarks came as the International Energy Agency and the Organization of Petroleum Exporting Countries separately released revised projections which reflected an incremental bearish shift in outlook for oil market recovery. Nasser said demand is recovering from the coronavirus pandemic slump. “The worst is definitely behind us,” Nasser said. “We are seeing a recovery; most of the demand comes from the developing countries. We see a big pickup from East Asia - especially China.” Aramco slashed its 2020 investment by $8 billion, versus 2019 spending of $25 billion to $30 billion. Global energy investment this year is set to fall by 18%, the IEA said in its 2020 World Energy Outlook - released Oct. 13. Global energy demand in 2020 is poised to fall 5%, led by an 8% drop in oil demand and a 7% drop in coal use, the agency said, adding that natural gas demand is set for a 3% drop and global electricity demand is expected to fall only 2%. In its report, the IEA advanced a 10-year scenario in which COVID-19 is brought under control and the global economy rebounds to pre-crisis levels in 2021. An alternate “delayed recovery scenario” reflects a prolonged pandemic with the economy returning to pre-crisis size in 2023, under which the pandemic ushers in a decade with the lowest rate of energy demand growth since the 1930s. Pre-crisis, energy demand was projected to grow by 12% between 2019 and 2030, but the projection now has fallen to 9%, and to only 4% in the delayed recovery scenario. In both scenarios, oil demand flattens out in the 2030s, but in a delayed recovery, an additional 4 million barrels per day comes out of the projections, holding total demand under 100 million bpd. Behavioral changes resulting from the pandemic cut both ways, the agency said. The longer the disruption, the more some changes become ingrained, such as working from home or avoiding air travel, it said. However, oil consumption benefits from a near-term aversion to public transport, the popularity of SUVs and the delayed replacement of older, inefficient vehicles. Absent a larger shift in policies, it is still too early to foresee a rapid decline in oil demand, the IEA said, adding that rising incomes in emerging market and developing economies portend strong underlying demand for mobility, offsetting reductions in oil use elsewhere. Oil use for cars peaks in both scenarios, due to continued improvements in fuel efficiency and sales of electric cars, while oil use for longer-distance freight and shipping varies according to the outlook for the global economy and international trade, the agency said. Oil demand will increasingly depend on its rising use as a feedstock in the petrochemical sector, it said. “With demand in advanced economies on a declining trend, all of the increase comes from emerging market and developing economies, led by India,” the agency said. “The slower pace of energy demand growth puts downward pressure on oil and gas prices compared with pre-crisis trajectories, although the large falls in investment in 2020 also increase the possibility of future market volatility.” OPEC trims growth projections Spot crude oil prices averaged sharply lower in September, after four consecutive months of gains, OPEC said Oct. 13 in its Monthly Oil Market Report. The decline reflected a softening recovery of physical crude market fundamentals, bearish sentiment in the crude oil futures market amid new COVID-19 cases globally, and concerns about demand. Moving with other benchmark crudes, the OPEC reference basket value softened in September by $3.65 to $41.54 per barrel, down by 8.1%. Hedge funds and other money managers were less bullish on the oil price outlook in September and were net sellers of about 113 million barrels of crude in both Brent and West Texas Intermediate, OPEC said, adding that the Brent and WTI futures markets moved into a steeper contango. The expected recovery in transportation fuel demand over the summer driving season disappointed, requiring a downward demand revision to Europe and the Americas for the second half of 2020. Better-than-expected data from China, showing gains in industrial fuel use, “more than offset some of the losses seen in other regions,” OPEC said. In 2021, the world oil demand forecast was adjusted lower by 0.08 million from the previous month’s report due to the slower economic growth projections. The OPEC forecast for 2021 oil demand growth is now 6.5 million bpd, with global total demand estimated to reach 96.8 million bpd. All products are projected to see growth, given the current year’s low demand levels, OPEC said. “Oil demand growth in 2021 is expected to be capped by a number of factors, including the increase in teleworking and distance education; reduced international business and leisure travel; efficiency gains in the transportation sector; oil substitution policies in power generation; and reduced fuel subsidies,” it said. On Oct. 13, Alaska North Slope, WTI and Brent crudes climbed further into the lower $40s after recent forays into the upper $30s, with ANS closing up 86 cents to $41.35 per barrel. Brent continued upward in Oct. 14 trading 98 cents to $43.43, and WTI rose 84 cents to $41.04. Petroleum News
16:06 GMT-- Energy companies need to look beyond gas stations for opportunities to provide customers with services, says Royal Dutch Shell PLC chief executive Ben van Beurden. Speaking at the Energy Intelligence Forum, he says, "In some cases we've even gone into other offerings like broadband, I'm not suggesting that is going to be a mainstream business for us, but it shows you can leverage your customer platform in multiple ways and now think how that is going to go in the next generation of out of home charging, destination charging, on the go charging, maybe hydrogen... or other services that you can think of in the energy transition." Shell has used its retail footprint in some countries to get into the domestic power supply business, he adds. ( (END) Dow Jones Newswires October 14, 2020 12:21 ET (16:21 GMT)
the grumpy old men
21:55 PPC Pp.
Brent Crude Oil NYMEX 43.53 +0.44% Gasoline NYMEX 1.20 -0.42% Natural Gas NYMEX 3.23 +2.80% WTI 41.25 USD +0.17% FTSE 100 6,016.65 +0.65% Dow Jones 28,649.61 +0.79% CAC 40 4,946.81 +0.71% SBF 120 3,930.73 +0.61% Euro STOXX 50 3,273.12 +0.37% DAX 13,051.23 +0.07% Ftse Mib 19,582.76 +0.00% Eni 6.862 -0.33% Total 29.95 +1.54% Engie 12.14 +0.08% Orange 9.436 +2.88% Bp 222.1 +0.57% Vodafone 111.16 -0.05% Royal Dutch Shell A 1,016.4 +2.09% Royal Dutch Shell B 978.9 +2.06% TULLOW(TLW) 18.65 GBX +2.78%
07/10/2020 1:43pm Dow Jones News Royal Dutch Shell (LSE:RDSA) Intraday Stock Chart Wednesday 7 October 2020 Click Here for more Royal Dutch Shell Charts. --Poland's anti-monopoly office fines Russian giant for undertaking work without consent --Gazprom said it will appeal the fine --Shell, Uniper and OMV disagree with regulator's findings By Anthony O. Goriainoff, Giulia Petroni and Adria Calatayud Poland's anti-monopoly office UOKiK said Wednesday that it had imposed a 29 billion-zloty ($7.58 billion) fine on Gazprom PJSC related to the building of the Nord Stream 2 gas pipeline. UOKiK said the Russian energy giant was one of six companies working on the gas pipeline fined for undertaking work "without the required consent of the president of UOKiK." The regulator also imposed fines amounting to PLN234 million on France's Engie SA, Germany's Uniper SE and Wintershall AG, Austria's OMV AG, and Anglo-Dutch oil major Royal Dutch Shell PLC. The Polish watchdog said the entities concerned are obliged to terminate the agreements for financing the project, which was intended to increase Russia's gas export capacity via the Baltic Sea. The Polish anti-monopoly authority said the companies concluded--without permission to establish a joint venture--a number of agreements concerning the pipeline's financing and a number of other authorizations, such as, for instance, the ability to interfere with the operation of NS2. UOKiK said that in 2016 its president voiced concerns regarding the plan and noted that the planned transaction could lead to the restriction of competition and presented its reservations. The companies then withdrew the application, meaning in practice that they were prohibited from performing the merger, the regulator said. The regulator said information surfaced shortly thereafter stating that the companies had signed an agreement for the financing of the gas pipeline. "Therefore, proceedings against Gazprom and its five trading partners regarding the execution of the transaction without obtaining approval from the authority were initiated," the regulator said. "The financial penalties imposed are intended not only to convince the parties involved to observe the law, but also to discourage other players from attempting similar behaviors that violate anti-monopoly regulations in the future," UOKiK president Tomasz Chrostny said. Gazprom said it disagrees with the fine because it didn't violate Polish antitrust laws. The company said it will appeal the fine. "The decision of UOKiK violates the principles of legality, proportionality and fair trial, and the unprecedented amount of the fine indicates a desire to oppose the implementation of the Nord Stream 2 project by any means," the company said Wednesday, according to Russian state news agency TASS. Uniper said it is considering a possible appeal against the UoKiK decision, as it doesn't share the assessment presented by regulator. A decision can take up to four or five years and, depending on the decisions, fines wouldn't be due until then, the German energy company said. Uniper said the agreements concluded between the Nord Stream 2 financial investors and Gazprom aren't a joint venture but financing agreements, and that financing agreements don't constitute a notifiable concentration under Polish merger control law. Spokespeople for Shell and OMV said they are reviewing the UoKiK's decision. "We strongly disagree with UOKiK's decision," a Shell spokesperson said. OMV said it is of the clear opinion that it has complied with all applicable laws. Engie and Wintershall didn't immediately respond to requests for comment. Write to Anthony O. Goriainoff at (END) Dow Jones Newswires October 07, 2020 08:28 ET (12:28 GMT)
Https:// Don't Miss Total In The Sell-Off Of The Energy Sector Oct. 5, 2020 5:22 AM ET| Aristofanis Papadatos Summary The entire energy sector is going through a fierce sell-off due to the pandemic, in contrast to the rest of the market, which is hovering around its all-time highs. Total is by far the most resilient oil major during downturns. It exhibited superior results in the downturn of the energy sector between 2014 and 2016 and in 2019. Moreover, it is the only profitable oil major this year. Total is likely to offer exceptional risk-adjusted returns off its current price. Final thoughts The entire energy sector has been beaten to the extreme due to the pandemic. As a result, Total has become grossly undervalued and hence those who purchase it now are likely to be highly rewarded in the long run, when the dust settles and the panic subsides. The other oil majors have plunged much more than Total and thus they may offer greater returns, particularly if the energy market enjoys a swift recovery. However, conservative investors should probably select Total for its resilience in the event of a prolonged downturn. In this way, they will be able to remain patient much more readily throughout the ongoing downturn.
Https:// There is disagreement as to how long it will take for oil to recover and whether it ever will. The lockdowns and other restrictions may have changed patterns of behaviour for the foreseeable future, although we will only know once we're on the other side of the pandemic. Energy companies, it would appear, are not waiting to find out. Professor Paul Stevens, from the UK's Chatham House, spoke to CGTN about the situation.
adrian j boris
Supreme Court to take up energy firms' appeal over Baltimore climate suit Oct. 2, 2020 12:05 PM ET|About: BP p.l.c. (BP)|By: Carl Surran, SA News Editor The U.S. Supreme Court agrees to hear an appeal by energy companies including BP, Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Royal Dutch Shell (RDS.A, RDS.B) contesting Baltimore's lawsuit seeking damages for the impact of global climate change. The justices will consider whether the lawsuit must be heard in state court - as the city would prefer - or in federal court, which corporate defendants generally view as a more favorable venue. Baltimore and the other jurisdictions including Rhode Island and New York City are seeking damages under state law for the harms they say have occurred due to climate change, which they attribute in part to the companies' role in producing fossil fuels that produce carbon dioxide and other greenhouse gases.
Brent Crude Oil NYMEX 39.69 -3.03% Gasoline NYMEX 1.11 -2.04% Natural Gas NYMEX 2.99 -0.93% WTI 37.559 USD -2.34% FTSE 100 5,902.12 +0.39% Dow Jones 27,625.4 -0.69% CAC 40 4,824.88 +0.02% SBF 120 3,825.38 -0.01% Euro STOXX 50 3,186.38 -0.03% DAX 12,689.04 -0.33% Ftse Mib 19,018.9 -0.22% Eni 6.497 +0.54% Total 28.21 -0.98% Engie 11.46 +0.31% Orange 8.84 +1.80% Bp 214.4 -1.74% Vodafone 102.82 +1.10% Royal Dutch Shell A 933.1 +0.55% Royal Dutch Shell B 904 -0.36% Tullow Oil (TLW) 14.295 -0.23 (-1.58%)
This chart of what once was a Major stock a world leader is symptomatic IMO of what is now happening to stocks in certain sectors most affected by Covid-19 90% of investors have now woken up to this but only recently But with lots of monies tied up in FTSE 100 trackers , the decline has not IMO as yet been pursuant with the gravity of the MACRO event that is only just begun 2021 will be the year when the truth about Covid-19 is revealed and people realize we are in for a long haul fight with SARS-CoV-2. So long in fact that many scientists now believe it could be here to stay like the other Four Coronaviruses that affect us --- but not anything like so bad as this one that we can catch twice and more times ---- suffering organ additive damage each and every time. Governments need to accept this and ramp up the use of technology to help humans co-exist as best as possible with this virus which is a 24/7 and all year round killer. Far-UVC light has been recently proved to kill Covid-19 in 30 secs though the FDA have not updated their Aug 19th UVC guidance to reflect this fact or the pwer levels that have been provided and the distance of the source Far-UVC light from the Covid-19 test sample ---- all given in the paper ( see BUY thread for links) Ushio a Japanese billion dollar company has made a Far-UVC light which meets USA present rules & regs , a multi billion dollar company in the USA has done a deal with Ushio to market this product ---- to kill Covid-19 in the air and on surfaces inside such places as Hospitals , Care Homes , Schools colleges and UNI's , offices and public buildings. However the Ushio product is just the trail blazer product as it uses an excimer IMO Far-UVC LED's and Laser Diodes will be what the world can use to function once more without lockdowns --- used with ordinary LED's these new Far-UVC LED's can and will not only provide visible illumination BUT also invisible ( can't see Far-UVC) disinfection against not only Covid-19 but also all pathogens , influenza , bacteria and other nasty microbes that cause diseases and infections. Plus these new LED lights will protect humans going into the future when the next Coronavirus comes along in around 8 years from now. With these disinfectio/illumination LED Lights it is entirely possible that another pandemic might in fact never happen --- certainly it would not get a hold in those countries that did fully adopt this technology which is safe --- see BUY thread for links. Companies like Shell needing to move away from OIL before it's use collapses any further and they still have the clout required --- should IMO look at investing into this very lucrative area which should kick off in a big way as further trial results will soon be released by Prof Brenner working out of Columbia University USA. Technology is the only way out of this predicament now --- talking won't do it --- vaccines won't do it --- and we won't find a cure. Boeing took out patents on this use in planes --- they have developed a toilet that uses UVC but not Far-UVC ( which has thus far been proved safe in trials ) Boeing just announced last week the use of an excimer hand used UVC disinfection lamp to be used to clean planes inside buywell can see its use rapidly being implemented in Planes and Buses and Boats and Trains to get Transport moving once more --- see BUY for links on Boeing imo dyor
By Sarah McFarlane Royal Dutch Shell PLC said it would cut up to 9,000 jobs in a broad restructuring, as the energy giant grapples with the continuing fallout of the coronavirus pandemic. News of the cuts came Wednesday as the company warned it would report another set of poor earnings for the third quarter. Shell flagged a weaker performance in its trading activities -- previously a bright spot in an otherwise tough second quarter -- and said its oil-and-gas production business would report a second consecutive quarterly loss. The update from Shell gives a first glimpse at how the world's biggest oil companies have continued to struggle in the most recent quarter. The pandemic has sapped demand for oil, sending prices tumbling and hitting profits hard. That has already prompted Shell to write down the value of some of its assets and cut its dividend for the first time since World War II. Shell said it was restructuring to focus more on the highest value oil it produces, grow in liquefied-natural gas and invest in low carbon energy businesses, while shrinking its refining operations. It expects the plan to deliver annual cost savings of $2 billion to $2.5 billion by the end of 2022, including from the staff cuts, less travel and fewer contractors. It expects to cut between 7,000 and 9,000 jobs from its more than 80,000 employees. The planned job cuts follow similar moves at peers including BP PLC and Chevron Corp. to rein in costs amid the pandemic. Shell said its restructuring isn't just a response to the pandemic, but also part of a broader plan to accelerate investments in low-carbon energy. The company says that by 2050 it will sell predominantly low-carbon electricity, biofuels, hydrogen and other solutions. However, it says it needs its oil-and-gas business to perform well to fund that change. Chief Executive Ben Van Beurden said Shell's core business would be critical to the effort. "We need it to be very successful, so we have the financial strength to invest further in our lower-carbon products," he added. Shell is expected to update its strategy early next year, including giving details on its future spending on low-carbon energy. BP earlier this year announced the most aggressive plan so far by an oil major to shift away from oil and gas -- cutting its production by 40% in the next decade -- while expanding in areas including wind and solar energy. Detailing its performance in the third quarter, Shell said its LNG business would report lower margins, as long-term contracts started to reflect lower oil prices. It also said refining activity fell, although noted an improvement at its oil product marketing business compared with the previous quarter. Analysts said the update was in line with expectations and that they hoped Shell would give more clarity about its restructuring plans when it reports its third-quarter results on Oct. 29. Write to Sarah McFarlane at (END) Dow Jones Newswires September 30, 2020 05:30 ET (09:30 GMT)
Shell plans to cut 9,000 jobs ahead of green shift Sep. 30, 2020 2:55 AM ET|About: Royal Dutch Shell plc (RDS.A)|By: Yoel Minkoff, SA News Editor Royal Dutch Shell (RDS.A, RDS.B) will slash up to 9,000 jobs, or over 10% of its workforce, as it nears the end of a global restructuring review designed to position it for a green energy transition. "We have to be a simpler, more streamlined, more competitive organization," CEO Ben van Beurden declared. "We feel that, in many places, we have too many layers in the company: too many levels between me, as the CEO, and the operators and technicians at our locations." The move adds to the growing list of major announcements this year which has seen Big Oil slash dividends, take multibillion-dollar writedowns and ax jobs following oil's coronavirus-induced plunge. In June, BP said it planned to cut 10,000 jobs as it moved into cleaner energy, Chevron intends to trim 10-15% of its global workforce, while Exxon Mobil is reviewing staffing country by country. On the operations side of things, Shell said production was set to drop sharply in Q3 to between 2,150 and 2,250 thousand barrels of oil equivalent per day, refining margins will be "significantly" lower than in Q2 and it sees post-tax impairment charges of $1B-1.5B.
Rosneft calls BP and Shell's shift to renewables an 'existential crisis' Sep. 29, 2020 5:31 AM ET|About: Public Joint Stock Company... (RNFTF)|By: Yoel Minkoff, SA News Editor There's a growing divide between state-backed companies and oil majors that have helped shape the modern energy industry. Attacking their shift towards renewables, Russia's Rosneft (OTCPK:RNFTF) lashed out at BP (NYSE:BP) and Royal Dutch Shell (RDS.A, RDS.B) for creating an "existential crisis" for oil supplies. "I think that to go away from your core business, which is what they are doing, somebody will need to step in... somebody will need to take that responsibility," Rosneft's Didier Casimiro told the Financial Times Commodities Global Summit. "It is an existential threat for supply. It is an existential threat for price volatility... we will have a [supply] crunch, price volatility, and yes higher prices." Note: BP holds a 20% stake in Rosneft as a legacy of its investments in Russia.
la forge
Abigail Townsend Sharecast News 29 Sep, 2020 13:19 29 Sep, 2020 13:19 Shell set to unveil job losses - report Royal Dutch Shell is reportedly close to announcing potentially thousands of job cuts as it responds to the global slump in oil prices and looks to reposition itself as a green energy provider. In July, Shell posted a second-quarter net loss of $18.3bn, compared to a net profit of $3bn in the second quarter of 2019, after it wrote down the value of oil and gas assets following a collapse in oil prices. Covid-19 has caused global demand for oil to plummet. Brent crude futures started the year at close to $70 per barrel but tumbled below $20 a barrel at the peak of the pandemic. As at 1300 BST on Tuesday, they were trading at $41.73 per barrel. At the time, chief executive Ben van Beurden told reporters that plans to restructure and streamline the business were being drawn up and that Shell would end up "probably with fewer people" as a result. According to a report in The Times on Tuesday, the Anglo-Dutch giant could set out the scale of those losses as early as Wednesday, when it is expected to update on trading ahead of posting third-quarter results in October. A Shell spokesperson was not immediately available for comment. Shell, which earlier this year cut its dividend for the first time since the Second World War, wants to reduce its reliance on oil and gas and has set itself a goal of net zero emissions by 2050. It employs around 6,500 people in the UK out of a global workforce of approximately 83,000. In June, fellow oil major BP announced it was cutting 10,000 jobs following the collapse in oil prices. BP employs around 15,000 people in the UK.
la forge
09/28/2020 | 10:59am BST UBS analyst Jon Rigby maintains his Buy rating on the stock. The target price is still set at GBX 1750.
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Https:// Spot natural gas prices at the Dutch TTF hub are also at multi-month highs at over $3/MMBtu, compared to a low of below $1/MMBtu in May, opening the window for profitable U.S. LNG exports to the region again. Having plunged by more than 50 percent between January and July, U.S. LNG exports are set to pick up the pace, and the increase already started in August. As per EIA estimates, U.S. LNG exports averaged 3.7 Bcf/d in August, up by 19 percent from July amid rising spot and forward natural gas prices in Europe and Asia. “Higher global forward prices indicate improving netbacks for buyers of U.S. LNG in European and Asian markets for the upcoming fall and winter seasons amid expectations of natural gas demand recovery and potential LNG supply reduction because of maintenance at the Gorgon LNG plant in Australia,” the EIA said, expecting U.S. LNG exports to return to pre-COVID levels by November 2020 and to average more than 9 Bcf/d from December 2020 through February 2021. The EIA expects that lower U.S. gas production, coupled with rising domestic demand and demand for LNG exports in the winter, will send Henry Hub spot prices jumping to a monthly average of $3.40/MMBtu in January 2021. Monthly average spot prices are set to remain above $3.00/MMBtu for all of next year, averaging $3.19/MMBtu in 2021, up from a forecast average of $2.16/MMBtu in 2020. By Tsvetana Paraskova for
adrian j boris
Brent Crude Oil NYMEX 42.24 -0.52% Gasoline NYMEX 1.18 +0.58% Natural Gas NYMEX 2.82 -1.40% WTI 40.076 USD -0.45% FTSE 100 5,842.67 +0.34% Dow Jones 26,873.53 +0.22% CAC 40 4,729.66 -0.69% SBF 120 3,746.87 -0.53% Euro STOXX 50 3,137.06 -0.70% DAX 12,469.2 -1.09% Ftse Mib 18,681.37 -1.19% Eni 6.88 -1.81% Total 28.06 -3.32%ex divi day 11.12 -0.13% Orange 8.89 -1.44% Bp 233.3 +0.39% Vodafone 103.8 -0.04% Royal Dutch Shell A 1,004.8 -0.91% Royal Dutch Shell B 972.1 -0.61% Tullow Oil (TLW) : 15.46 -0.195 (-1.25%)
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