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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
  -12.80 -0.94% 1,350.40 1,350.40 1,350.60 1,362.40 1,349.00 1,351.20 447,194 10:50:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 13,205.3 -19,723.5 -203.3 - 55,383

Royal Dutch Shell Share Discussion Threads

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DateSubjectAuthorDiscuss
11/2/2021
09:41
Global Oil Market's Cautious Rebalancing Is Underway, IEA Says 11 February 2021 - 09:29AM Dow Jones News --The IEA has increased its non-OPEC 2021 supply forecast --The oil market is set for "rapid stock draw" in the second half of the year, the IEA says --The agency says North American production is rebounding By David Hodari The global supply and demand of crude oil are on course to continue rebalancing this year, after the turmoil brought by the pandemic in 2020, the International Energy Agency said Thursday. Despite increasing its estimates for the world's oil output in 2021, the IEA said in its closely-watched monthly market report that a recovery in demand will outstrip rising production in the second half of the year to prompt "a rapid stock draw" of the glut of crude built up since the outbreak of the coronavirus. The agency significantly increased its forecast for producing nations outside of the production pact between the Organization of the Petroleum Exporting Countries and allies such as Russia, upping non-OPEC supply by 290,000 barrels a day to an increase of 830,000 barrels a day this year. At the same time, the IEA trimmed its forecast for global oil demand by 200,000 barrels a day to 96.4 million barrels--around 3% less than in 2019, before the coronavirus pandemic--although added that part of that change came thanks to a change to historic data. Even so, with much of the developed world grappling with fresh Covid-19 variants and renewed lockdown restrictions, a brightening economic outlook and strict supply discipline from OPEC-plus are hastening the drawdown in global oil inventories, the IEA said. It added that "the prospect of tighter markets ahead" has been responsible for a sharp rally in oil prices in recent weeks. Crude prices slipped early Thursday, giving up a fraction of their recent gains. Brent crude, the global benchmark, was last down 0.6% at $61.13 a barrel after climbing for nine straight sessions to notch gains of 11% so far in February and break through the $60-a-barrel level for the first time in a year. West Texas Intermediate futures, the U.S. benchmark, fell 0.6% to $58.31 a barrel. The beginning of February saw Saudi Arabia--one of the world's largest producers--unilaterally cut an additional 1 million barrels of crude a day in a move that surprised the world when it was announced the month prior. Along with resilient demand in developing-world powerhouses, such as China and India, as well as hopes of a large U.S. stimulus bill and ecstatic trading in broader financial markets, Riyadh's move has helped fuel a recovery in oil prices. The so-far successful efforts of OPEC-plus to hold back supply, the hoped success of coronavirus vaccination programs, and the prospect of weaker travel restrictions remain the basis for cautious forecasts of an oil-market recovery, the IEA said. In that context, the production of non-OPEC producers will be in focus in the coming months. Those countries, particularly the U.S. and Canada, are responding to those higher prices, "albeit cautiously and from a low level," the IEA said. Drilling and well completion-rates in the Permian Basin have steadily risen in recent months and, while U.S. oil companies are under pressure to reward shareholders and retain financial discipline, current oil prices mean "there is clearly potential for some producers to respect those engagements and modestly increase their capital expenditures," the report added. Canada, meanwhile, is now pumping at record rates, having restored nearly all the production shut during the nadir of the collapse of the global oil market in April. If balances continue to tighten and non-OPEC producers ramp up production, that could fray the cohesion of OPEC-plus cuts, the IEA said. That might have consequences for the oil-price rally. Write to David Hodari at david.hodari@wsj.com (END) Dow Jones Newswires February 11, 2021 04:14 ET (09:14 GMT)
ariane
11/2/2021
08:42
Shell Says Its Oil Production Has Begun a Long-Term Decline Laura Hurst, Bloomberg News AddThis Sharing Buttons Share to Facebook Share to TwitterShare to LinkedInShare to EmailShare to Plus d'options... A Shell logo sits on a sign at a gas station, operated by Royal Dutch Shell Plc., in Rotterdam, Netherlands, on Wednesday, July 25, 2018. Shell is scheduled to release earnings figures on July 26. Photographer: Jasper Juinen/Bloomberg A Shell logo sits on a sign at a gas station, operated by Royal Dutch Shell Plc., in Rotterdam, Netherlands, on Wednesday, July 25, 2018. Shell is scheduled to release earnings figures on July 26. Photographer: Jasper Juinen/Bloomberg , Photographer: Jasper Juinen/Bloomberg (Bloomberg) -- Royal Dutch Shell Plc said its carbon emissions and oil production have already peaked and will decline in the coming years as the company laid out a detailed plan for its transition to cleaner energy. In a sign of how much the petroleum industry has shifted away from its mantra of growth and exploration, Shell said its oil production will fall by 1% to 2% a year. Output of “traditional fuels” will be 55% lower by 2030. In a wide-ranging strategy update published on Thursday, the Anglo-Dutch company set new targets for electric-car charging, carbon capture and storage, and electricity generation. It also sought to reassure investors that it could maintain returns through the energy transition, reiterating its pledge for an annual dividend increase of about 4% and the resumption of share buybacks once its net-debt target has been achieved. “Our accelerated strategy will drive down carbon emissions and will deliver value for our shareholders, our customers and wider society,” Shell Chief Executive Officer Ben van Beurden said in a statement. Unlike its peers BP Plc and Total SE, Shell didn’t announce any large deals to rapidly boost its clean-energy capacity. That’s in keeping with Shell’s approach since announcing its net-zero target in April. Shell said its net carbon intensity will fall by 6% to 8% in 2023, compared with 2016. That reduction will widen to 20% in 2030, 45% in 2035 and 100% by 2050.
ariane
08/2/2021
12:49
Is There An Oil Price Correction Coming? By Julianne Geiger - Feb 05, 2021, 5:00 PM CST Even as Baker Hughes reported a rise in the number of active drilling rigs in the United States on Friday, oil prices continued to see gains on Friday afternoon. At 4:19pm EDT, WTI crude was still up 1.32% on the day at $56.97. Brent was still up over 1% on the day, at $59.44—dangerously close to the $60 psychological threshold for the benchmark. Last week at this time, the spot price for Brent was just $55.04. The near $5 gain is due to a combination of factors, including a large crude oil inventory decrease in the United States, continuing OPEC+ production restraint, Aramco’s price hike to crude for Europe, U.S. traders drunk on stimulus chatter, and whispers of an overall tightening oil market. These are bullish signals indeed. But can this uptrend last amid lockdown extensions and oil demand that just isn’t there yet? When a stimulus deal is finalized, oil prices are expected to jump—this is certainly still bullish. But on the bearish side, oil demand is still lagging, and some analysts are not calling for a full rebound in demand for years—if ever. The EIA, for one, doesn’t see U.S. energy consumption rebounding fully for another eight years. That’s certainly on the bearish side. Will OPEC will be able hold back the flood of supply until that time? Can they afford not to? Russia is still itching to ramp up its oil production, leery of opening the door for U.S. shale producers. For now, Saudi Arabia is happy to take one for the team, resigned to curb production so others in the group will continue with at least some of the cuts. For now, OPEC’s actions are bullish. The EIA sees U.S. oil production setting new records, but not until 2023. Goldman Sachs, however, is still bullish, calling for $65 Brent by mid-year, with WTI in the low $60s. Rystad Energy, however, sees a price correction on the horizon. “Many technical indicators are flashing red, so a price correction soon would not be unsurprising,” Rystad said on Friday, according to Oilfield Technology. By Julianne Geiger For Oilprice.com
ariane
08/2/2021
12:44
Https://seekingalpha.com/article/4404229-royal-dutch-shell-fourth-quarter-and-full-year-2020-detailed-analysis?mail_subject=rds-a-royal-dutch-shell-fourth-quarter-and-full-year-2020-detailed-analysis&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha
ariane
04/2/2021
22:29
Don't Sell Shell Feb. 04, 2021 5:24 PM ETRoyal Dutch Shell plc (RDS.A), RDS.BRYDAFRYDBF1 Comment2 Likes Summary Shell's dreadful stock price action in 2020 is coming to an end. All the bad news has been priced in and the stock offers good value now. Oil fundamentals look supportive but even with flat oil prices, Shell's financials look to be getting stronger, providing strong dividend cover. The Strategy Day on 11th February could offer a catalyst for investors to reconsider Shell as a serious Energy Transition investment option. The December 21st trading update from Royal Dutch Shell (RDS.A) largely foresaw the torrid Q4 results and 2020 full year results just released. In a nutshell, 2020 was an exceptionally challenging year for the oil major. What should Shell shareholders do? While the company is trying to reposition itself for the new energy landscape ahead, the headlines have been consistently bad for the Anglo-Dutch company. Profit warnings, write-downs, collapsing prices for oil, collapsing refinery margins, the first cut in dividends for decades, a falling share price, and finally the departure of several clean energy executives amid internal arguments over its clean energy strategy have all contributed to the bear market in Shell's stock in the last year. The 36% fall in the stock price over the last year sounds bad, but there is a fundamental truth in oil markets and that is that the cure for low oil prices is low oil prices. That’s why the weakness in the sector, the cutbacks in production and investment will cause higher oil prices going forward, as I have already pitched in a recent Seeking Alpha article on crude oil, that so far is playing out nicely. The pessimism about Shell, coupled with some positive signs on the horizon and my bullish outlook on oil in fact make Shell a very good contrarian play. The fact that December’s profit warning did not do much damage to the share price suggests that all the bad news is already priced in and indeed the stock has started to rise over the last couple of months. The Global Investor thinks this recent price action isn’t a dead cat bounce, but the start of a rally back to a fairer, higher price for Shell's stock. Oil majors have traditionally been core income stocks for many portfolios but after the first dividend cuts in decades last year, when the dividend was cut 66% it has since been raised slightly in October and now been raised again slightly some more. This gives the stock a current dividend yield of about 3.6%. What’s more, Shell is still slashing costs and capital expenditure, like the rest of the oil and gas industry, and US shale output is falling thanks to weak pricing. This suggests low prices will squeeze out uneconomic supply and help oil prices continue their recovery. And with the rollout of vaccination programs, some oil demand lost in 2020 should come back in 2021, further tightening the supply-demand balance towards higher oil prices. Another contrarian indicator is that the oil and gas industry is now hated by institutional investors, either for financial reasons or for environmental, social and governance - ESG - reasons and this has simply gone too far. The weighting of the Oil & Gas sector in the main stock market indexes is at lows last seen in the 1990s when oil prices ranged from $10-$20 per barrel. Risks This brings us to the risks of owning Shell right now. ESG is a new force in the markets, so some investors simply won’t look at Shell for a long time. Long-term oil demand has probably peaked and the switch to renewable sources of energy will be bumpy as the company is finding in its transition efforts to date. Shell also has the risk that it gets stuck with “stranded assets” with its large reserves of oil and gas. This means Shell’s book value is bound to be higher than its market value as investors price in further write-downs to its asset values. Shell has traditionally been a very reliable dividend payer, but the energy transition makes it almost impossible to balance the needs of high dividend payouts with the large investments required in greener energies. While the dividend has been cut deeply to a lower level, investors cannot assume it will rise back to its previous level quickly as the volatility in energy markets and the restructuring needs of Shell will probably dictate otherwise. Indeed, Shell's management has called it a dividend "reset". The future It is expected that Shell will outline a radical new strategy at its investor day scheduled for February 11th. The new strategy, likely to focus on clean energy, and to more closely follow BP’s radical restructuring plans that started last year, could appeal to investors who are looking more at the rate of change in ESG factors than in the absolute level of how good a company is on current ESG measures, specifically with respect to climate change and carbon emissions. Strategy Day on February 11th Ultimately, The Global Investor expects Shell to try to strike a balance between driving meaningful change towards 'Net Zero' emissions but also to maximize value from existing businesses over the intermediate period. The following are some of the topics I expect Shell to cover in the forthcoming Strategy Day which I expect to help turn market sentiment back towards Shell’s favor. Net zero by 2050 or earlier – Shell already outlined this target back in April last year but didn’t give much detail and so wasn’t seen as that credible. Shell will probably present its business plan in more detail to get to these targets. Upstream oil & gas to underpin cash generation. Having made the mega acquisition of gas major BG Group back in 2016, Shell is more committed to oil & gas than BP who have outlined plans to cut production by 40% over the next decade. Given Shell's project pipeline, its portfolio still has some growth potential but during last year’s Q3 results CEO Ben van Beurden said "It’s probably fair to say that 2019 was the high point in terms of oil production". So Shell is probably keen to keep a relatively flat production profile as it looks to sell non-core positions as it uses its Upstream division to act as a key contributor to cash generation over the next decade, through both operations as well as disposals. While this might disappoint ESG investors who argue for more aggressive action, it will keep dividend investors happy as this strategy reduces risks to free cash flow generation. Strength in natural gas, the bridge fuel. Shell is the world’s largest player in LNG so it’s likely Shell will highlight the role of natural gas as the “transition fuel” helping reduce carbon emissions because of its cleaner properties compared to coal and its vital role in electricity generation. The term "bridge" comes about because natural gas can support renewables over the period where wind and solar still suffer from intermittency issues. In 2019 Shell said it expected the LNG market to grow at 4% per year over the next few years. Last year management said Shell’s LNG business will not necessarily match the market "percent for percent" which might mean lower capex needs in this division. LNG will remain a key cash generator over the next decade so expect updates on Shell’s LNG outlook on 11th February. Growth opportunities in hydrogen and biofuels. For renewables, Shell will likely emphasize both hydrogen and biofuels given hydrogen is a natural fit as it is already produced and consumed in Shell’s refining business. Shell already has about 50 hydrogen fueling stations mostly in Germany and California. In biofuels, Shell is one of the largest blenders and distributors globally, partly due to its 50:50 joint venture with Raizen in Brazil. Shell will likely highlight its expansion in wind and solar, businesses which are getting extremely competitive now. Shell will look to leverage its strong Marketing and Trading positions to sell more electricity to the customers who currently buy fossil fuels from their large global customer networks. New Energies to account for about 25% of capital expenditure over the next few years. At last year’s 3Q earnings announcement, Shell guided that capex would remain in the $19-22 billion range over the coming years. It gave high level guidance on the breakdown between segments: 35-40% for Upstream, 35-40% for “Transition business”, which includes Integrated Gas, Chemicals and Refining, and about 25% to growth businesses such as Marketing, Power, Hydrogen, Biofuels and carbon capture, utilization and storage with nature-based solutions. The Global Investor expects Shell to update this breakdown and give more detail. Overall, hydrocarbons will remain part of Shell’s core strategy over the next decade. This gives it less execution risk on restructuring compared to its great rival BP, but makes it more exposed to oil and gas commodity prices. While ESG investors do play a role at the margin, and maybe a larger role in Europe, The Global Investor still believes the stock market is overall, at least in the long term, amoral. Short term trends matter and ESG has driven investors away from oil & gas but it could also be argued that that’s mostly happened because of weaker financial returns in the sector. If Shell can raise its profits through higher oil prices, Shell can raise its dividends and investors will put a higher valuation on the stock because of higher dividends. Dividends So, it comes back to dividends ultimately. That has always been the driver of Shell’s share price. Assuming oil prices at about $50/bbl over the next few years – more conservative than my actual view – I think Shell will generate $13-14 billion in free cash flow each year. At current dividend levels this implies dividend cover of about 2.5x, a very high number for Shell historically. This means Shell's balance sheet will start to de-leverage quickly. Management has indicated that when net debt falls to about $65 billion it will re-start its share buyback program. This could happen around the middle of next year if oil prices hold. Currently, Shell is guiding for 4% dividend growth per year, but there is big upside potential to this number. Before the dividend reset last year, Shell’s dividend had become unstainable given the investment needed in the energy transition. Valuation Shell’s dividend yield over the last 10 years had bounced around the 6% level as it was always assumed the dividend was unstainable. After the reset a much lower more sustainable dividend yield would be more like 3.5% or 3.6%. Taking 3.6% to be conservative, and a forecast full year 2022 dividend of $1.39 per share for the “A” class ADRs would give us a stock price of about $39, or about 6% higher than where it is at the time of this writing. While this isn’t massive upside, the dividend yield of 3.6% and dividend growth of 4-5% per year offers us good stability. All this assumes conservative oil price forecasts and gives Shell ample room to de-lever and increase share buybacks or accelerate dividend growth, which should further put a bid on the stock price. Conclusion Value investors and income seekers should continue to own Shell. Shell is very likely to always be a “Supermajor221; but with its focus shifting gradually towards energy in general and away from its historical reliance on oil but gas will play a major role for a long period. Energy is a core need in society so Shell is likely to be able to keep its large size and retain its status as a core “income portfolio” position thanks to strong and stable dividends. In the short term, rebounding oil prices should help near term cash flows and hence drive stock price appreciation. A successful investor day on February 11th could help change Shell’s perception amongst the sustainable investment crowd and market sentiment towards companies through lowering the climate / sustainability / reputational risk for institutional investors in owning Shell. This sustainability focus for investors accounts for a very large section of European institutional investors now. So things are improving now and it's likely we've seen the low in the Shell share price. The bottom line is that Shell is worth holding as a small part of your portfolio.
sarkasm
04/2/2021
21:25
Shell must take 'hard look' at Nigeria assets, CEO van Beurden says Feb. 04, 2021 2:58 PM ETRoyal Dutch Shell plc (RDS.A)By: Carl Surran, SA News Editor8 Comments Persistent incidents of pipeline sabotage and oil theft in Nigeria's Niger delta region have pushed Royal Dutch Shell (RDS.A -1.1%) to reconsider its position in the country, CEO Ben van Beurden says. Nigeria is a "headache," and the lack of security in the Niger delta has prompted the company to "take a hard look" at its onshore assets there, van Beurden told today's earnings conference call. Shell's onshore portfolio in Nigeria, which operates a joint venture with state-owned NNPC, Total and Eni, already has been sold down by ~50% over the past 10 years, the CEO noted. The constant security and operational challenges in the Niger Delta have long held reputational and legal risks for Shell; just last week, the Hague Court of Appeal ordered the company to compensate three farmers there for damage caused by oil leaks in 2005. "We believed the leak was caused by sabotage and the judge ruled that could not be proven beyond reasonable doubt, therefore we are liable for damages," van Beurden said. Shell shares are lower after posting a Q4 loss but saying it expects a strong recovery of oil demand in H2.
misca2
04/2/2021
21:23
Https://seekingalpha.com/article/4403462-royal-dutch-shell-plc-rds-ceo-ben-van-beurden-on-q4-2020-results-earnings-call-transcript?mail_subject=rds-a-royal-dutch-shell-plc-rds-a-ceo-ben-van-beurden-on-q4-2020-results-earnings-call-transcript&utm_campaign=rta-stock-article&;utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
misca2
04/2/2021
20:02
Https://www.dw.com/en/france-wont-meddle-in-german-choices-over-nord-stream-2/a-56444356
misca2
04/2/2021
15:33
Https://seekingalpha.com/article/4403337-royal-dutch-shell-plc-2020-q4-results-earnings-call-presentation?mail_subject=rds-a-royal-dutch-shell-plc-2020-q4-results-earnings-call-presentation&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
maywillow
04/2/2021
13:04
LONDON -- Royal Dutch Shell PLC reported a fourth-quarter loss as it continued to grapple with the fallout of the pandemic but said it would raise its dividend, forecasting a recovery in demand later this year. International oil companies are reporting one of their worst annual performances in decades after Covid-19 sapped demand for oil, hitting prices. In response, energy companies have slashed spending, cut jobs and written down the value of their assets. Shell on Thursday reported a fourth-quarter loss on a net current-cost-of-supplies basis -- a figure similar to the net income that U.S. oil companies report -- of $4.5 billion, down from a profit of $871 million in the same period the previous year. For the full year Shell reported a loss of $19.9 billion, from a profit of $15.3 billion in 2019. Shell's peers including Exxon Mobil Corp., Chevron Corp. and BP PLC also reported losses for 2020. Shell said its profit was hit by a fall in oil and gas production and weak refining margins, as well as already flagged asset write-downs and charges related to onerous contracts. Overall, Shell's full-year posttax write-downs totaled $21.3 billion, partly reflecting lower energy prices. That is part of a broader revision of asset values across the industry, triggered by the pandemic, which has been the steepest in at least a decade. Shell said that while it was still feeling the impact of the pandemic with weaker energy demand, it had seen some signs of recovery in the fourth quarter and was optimistic about a continued rebound. "I am optimistic that in the second half of the year we see a much more fulsome recovery," said Chief Executive Ben van Beurden. Oil demand is around 5% to 7% below the levels of 2019, but should return to those levels in 2022, as the aviation sector in particular recovers, he added. Shell said it would raise its first-quarter dividend by 4%, in line with the commitment made to shareholders last year of annual increases, after cutting it in April for the first time since World War II by two-thirds. "We are coming out of 2020 with a stronger balance sheet, ready to accelerate our strategy and make the future of energy," said Mr. van Beurden. The company has said it would give an update next Thursday on its continuing restructuring and broader strategy to accelerate investments in low-carbon energy. Rivals Total SE and BP have already laid out targets to increase renewable power generation, while reducing their dependence on fossil fuels. The pivot to renewable energy comes as Shell and others in the industry are also seeking to reduce debt. Shell wants to cut its debt to $65 billion from $75.4 billion at the end of the fourth quarter. That is down from $79 billion a year ago after a number of asset sales. Write to Sarah McFarlane at sarah.mcfarlane@wsj.com (END) Dow Jones Newswires February 04, 2021 07:44 ET (12:44 GMT)
maywillow
04/2/2021
11:37
Royal Dutch Shell PLC, one of the world's largest oil-and-gas companies, released its fourth quarter 2020 results Thursday, which revealed an 87% drop in earnings. The company blamed the economic impact of the coronavirus pandemic, which hammered oil demand and with it oil prices and refining margins. While the company raised its dividend, its shares were last down 1.4% at GBP13.18. Here are some more remarks from Shell's report: On Gas: "Compared with the fourth quarter 2019, Integrated Gas Adjusted Earnings of $1,109 million primarily reflected lower realised prices for LNG, oil and gas and lower contributions from trading and optimisation, partly offset by lower operating expenses... Compared with the full year 2019, total oil and gas production decreased by 1% mainly due to more maintenance activities and lower wells performance" On Upstream: "Compared with the fourth quarter 2019, Upstream Adjusted Earnings were a loss of $748 million, reflecting lower oil and gas prices, lower production volumes mainly driven by hurricanes affecting US Gulf of Mexico production and OPEC+ restrictions, and unfavourable deferred tax movements... total production decreased by 10%, mainly due to the impact of divestments, lower production in the NAM joint venture, OPEC+ restrictions and higher maintenance. New fields and ramp-ups, mainly in Brazil, offset the impact of field declines." On Refined Products: "Compared with the full year 2019, Oil Products Adjusted Earnings of $5,995 million reflected lower realised refining margins and lower marketing sales volumes due to the weak macroeconomic environment and the COVID-19 pandemic. These were partly offset by lower operating expenses, contributions from crude and oil products trading and optimisation, and favourable deferred tax movements." On 1Q 2021: "As a result of the COVID-19 pandemic, there continues to be significant uncertainty in the macroeconomic conditions with an expected negative impact on demand for oil, gas and related products... Due to demand or regulatory requirements and/or constraints in infrastructure, Shell may need to take measures to curtail or reduce oil and/or gas production, LNG liquefaction as well as utilisation of refining and chemicals plants and similarly sales volumes could be impacted. Such measures will likely have a variety of impacts on our operational and financial metrics." On Debt: "Net debt was $75.4 billion at the end of the fourth quarter 2020, compared with $73.5 billion at the end of the third quarter 2020, mainly driven by lower free cash flow generation and by lease additions, partly offset by favourable foreign currency exchange translation differences." Shell CEO Ben van Beurden on 2020: "2020 was an extraordinary year. We have taken tough but decisive actions and demonstrated highly resilient operational delivery... We are coming out of 2020 with a stronger balance sheet, ready to accelerate our strategy and make the future of energy. We are committed to our progressive dividend policy and expect to grow our US dollar dividend per share by around 4% as of the first quarter 2021." Write to David Hodari at david.hodari@wsj.com. (END) Dow Jones Newswires February 04, 2021 06:08 ET (11:08 GMT)
maywillow
04/2/2021
09:04
Oil major Shell reports sharp drop in full-year profit, raises dividend Published Thu, Feb 4 20212:31 AM ESTUpdated Thu, Feb 4 20213:18 AM EST Sam Meredith @smeredith19 Share Key Points Shell reported adjusted earnings of $4.85 billion for the full-year 2020. That compared with a profit of $16.5 billion for the full-year 2019. The company said it would raise its first-quarter dividend to $0.1735 per share, reflecting an increase of 4% from the previous quarter. The results come as energy giants seek to reassure investors about their future profitability, following a dreadful year for the global oil and gas industry by virtually every measure. Royal Dutch Shell products in Torzhok, Russia. Royal Dutch Shell products in Torzhok, Russia. Andrey Rudakov | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported a sharp drop in full-year profit as the coronavirus pandemic took a heavy toll on the global oil and gas industry. Shell reported adjusted earnings of $4.85 billion for the full-year 2020. That compared with a profit of $16.5 billion for the full-year 2019, reflecting a drop of 71%. Analysts polled by Refinitiv had expected full-year 2020 net profit to come in $5.15 billion. For the final quarter of 2020, Shell reported adjusted earnings of $393 million, missing analyst expectations of $470.5 million. The company said it would raise its first-quarter dividend to $0.1735 per share, an increase of 4% from the previous quarter. Shell CEO Ben van Beurden described 2020 as an “extraordinary” year. “We have taken tough but decisive actions and demonstrated highly resilient operational delivery while caring for our people, customers and communities. We are coming out of 2020 with a stronger balance sheet, ready to accelerate our strategy and make the future of energy,” van Beurden said in a statement. Income attributable to Shell shareholders collapsed by 237% to a loss of $21.7 billion in full-year 2020, down from a profit of $15.8 billion in full-year 2019. PUBLICITÉ Shell said this was the first full-year headline loss since the unification of Royal Dutch Petroleum Company and Shell Transport & Trading Company to one parent company in 2005. Energy supermajors endured a dreadful 12 months by virtually every measure in 2020 and the industry faces significant challenges and uncertainties as it seeks to recover. Last year, the Covid pandemic coincided with a historic demand shock, falling commodity prices, evaporating profits, unprecedented write-downs and tens of thousands of job cuts. Shell said it had reduced its net debt by $4 billion to $75 billion over the course of 2020. Shares of the company are up more than 3% year-to-date, having plummeted over 44% last year. 2021 outlook Shell’s results come as oil and gas giants seek to reassure investors about their future profitability, pointing to an expected upswing in fuel demand in the second half of the year and a mass rollout of Covid vaccines. However, renewed lockdown measures and limited mobility worldwide amid the ongoing Covid-19 crisis has prompted some of Shell’s peers to warn of a tough start to 2021. U.S. major Exxon Mobil reported on Tuesday that it had lost $20.1 billion during the most recent quarter, while U.K.-based oil and gas company BP posted its first full-year net loss in a decade. International benchmark Brent crude futures traded at $58.81 a barrel on Thursday morning, up around 0.6%, while U.S. West Texas Intermediate crude futures stood at $56.08, more than 0.7% higher. Oil prices have steadily improved since the start of the year, with WTI climbing to its highest level in more than a year in the previous session. Crude futures have been supported by ongoing production cuts and the mass rollout of Covid vaccines. OPEC and non-OPEC partners, an oil producer group sometimes referred to as OPEC+, maintained their production policy on Wednesday, buoyed by rising oil prices. The energy alliance said it was “optimistic221; for a year of recovery in 2021.
waldron
04/2/2021
08:52
-Shell ended 2020 with a $4 billion loss in the fourth quarter, dragged by impairments and other one-offs --Adjusted CCS earnings came in at a profit but below the market consensus --Net debt increased to more than $75 billion. By Jaime Llinares Taboada Royal Dutch Shell PLC on Thursday posted a loss for the fourth quarter of the year as its underlying performance was worse than expected. The Anglo-Dutch oil-and-gas major booked a net loss of $4.01 billion for the three months to Dec. 31, swinging from a $489 million profit for the third quarter and a $965 million profit for the fourth quarter of 2019. This was largely caused by impairment charges of $2.7 billion and $1.1 billion in costs related to contract provisions. The full-year loss was $21.68 billion compared with a $15.84 billion profit for 2019. Fourth-quarter adjusted earnings on a current cost of supplies basis came in at $393 million, down from $955 million in the third quarter and below the market consensus of $597 million, taken from Vara Research and based on 25 analysts' forecasts. The metric is a figure similar to the net income that U.S. oil companies report, but strips out exceptional items. Adjusted CCS earnings were been $2.93 billion in the fourth quarter of 2019. The FTSE 100 company said the on-year decline was driven by lower realized prices for oil and liquefied natural gas, as well as lower production and realized refining margins. Operating cash flow fell to $6.29 billion from $10.40 billion for the third quarter and from $10.27 billion for a year earlier. Shell declared a quarterly dividend of $0.1665, bringing the full-year payment to $0.653--down from $1.88 in 2019. In addition, the company anticipated a payment of $0.1735 a share for the first quarter of 2021. Net debt as at the end of the year was $75.4 billion, up from $73.5 billion at the end of the third quarter, driven by lower free cash flow generation and lease additions. Shell has a target to reduce net debt to $65 billion before distributing 20%-30% of cash flow from operations to shareholders through dividends and share buybacks. Looking ahead, Shell warned that headwinds will continue in the first quarter of 2021. "As a result of the Covid-19 pandemic, there continues to be significant uncertainty in the macroeconomic conditions with an expected negative impact on demand for oil, gas and related products." Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT (END) Dow Jones Newswires February 04, 2021 02:57 ET (07:57 GMT)
waldron
04/2/2021
08:47
Shell non-GAAP EPS of $0.05, misses on revenue, provides Q1 production outlook Feb. 04, 2021 2:08 AM ETRoyal Dutch Shell plc (RDS.A)By: Mamta Mayani, SA News Editor6 Comments Shell (NYSE:RDS.A): Q4 Non-GAAP EPS of $0.05; GAAP EPS of -$0.52 misses by $0.36. Revenue of $43.99B (-47.6% Y/Y) misses by $3.46B. The Board expects Q1 2021 interim dividend will be $0.1735/share, an increase of ~4% over Q4 dividend of $0.1665/share. Q1 2021 Production Outlook: Integrated Gas and new energies: 900 - 950 thousand boe/d Liquefaction volumes: 8.0 - 8.6 million tonnes. Upstream production: ~2,400 - 2,600 thousand boe/d. Oil Products sales volumes: ~4,000 - 5,000 thousand b/d. Refinery utilization: ~73% - 81%. Chemicals sales volumes: ~3,600 - 3,900 thousand tonnes. Chemicals manufacturing plant utilization: ~80% - 88%. "We are committed to our progressive dividend policy and expect to grow our US dollar dividend per share by around 4% as of the first quarter 2021.” says CEO, Ben van Beurden.
waldron
04/2/2021
00:36
Vaca Muerta producing at record levels, matching U.S. well scores - Rystad Feb. 03, 2021 5:59 PM ETYPF Sociedad Anónima (YPF)By: Carl Surran, SA News Editor Production from the Vaca Muerta shale formation in Argentina has not only rebounded to pre-pandemic levels but also reached a record high of 124K bbl/day in December 2020, Rystad Energy reports. The ascent can continue towards the 145K-150K bbl/day range by the end of 2021 if current activity levels continue, Rystad says. Lead developer YPF has not yet returned to its pre-COVID Vaca Muerta oil production record, so the play's recovery was driven mostly by other producers with aggressive capital programs, including Vista Oil and Gas (NYSE:VIST), which produced 15K bbl/day in December, and Royal Dutch Shell (RDS.A, RDS.B) with 13K bbl/day, new all-time highs from the basin for both operators. Rystad says the estimated ultimate recovery range for recent Vaca Muerta oil wells is comparable to the Midland and Eagle Ford plays in the U.S. Vaca Muerta wells also benefit from extremely low gas-to-oil ratios, which means "breakeven oil prices in Vaca Muerta's oil window are already at the same level as the best U.S. tight oil plays," according to Rystad. YPF's top short-term challenge will be the refinancing of its international bond maturing in March 2021 amid currency controls implemented by Argentine authorities, Shahid Manzoor writes in a bearish analysis posted on Seeking Alpha.
grupo
03/2/2021
18:33
Shell Q4 2020 Earnings Preview Feb. 03, 2021 12:30 PM ETRoyal Dutch Shell plc (RDS.A)By: Akanksha Bakshi, SA News Editor Shell (NYSE:RDS.A) is scheduled to announce Q4 earnings results on Thursday, February 4th, before market open. The consensus EPS Estimate is -$0.16 and the consensus Revenue Estimate is $47.45B (-43.5% Y/Y). Over the last 2 years, RDS.A has beaten EPS estimates 50% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 1 upward revisions and 2 downward. Revenue estimates have seen 4 upward revisions and 5 downward.
sarkasm
03/2/2021
08:59
Https://www.shell.com/media/news-and-media-releases/2021/advance-notice-strategy-day-2021.html Advance notice Royal Dutch Shell plc 2021 Strategy Day Feb 3, 2021 Royal Dutch Shell plc will provide an update on the company during Strategy Day on Thursday February 11, 2021. Strategy Day materials will be available on www.shell.com/investor on February 11 from 09:05 GMT (10:05 CET / 4:05 EST). Webcast Ben van Beurden, Chief Executive Officer and Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc will host a live Q&A analyst webcast of the 2021 Strategy Day on Thursday February 11, 2021 14:00 GMT (15:00 CET / 09:00 EST). Registration is possible on www.shell.com/investor starting on February 8 and closing 2 hours before the webcast begins.
maywillow
03/2/2021
05:47
Shell said to buy most on Platts in at least 10 years Feb. 02, 2021 1:07 PM ETRoyal Dutch Shell plc (RDS.A)By: Carl Surran, SA News Editor4 Comments Royal Dutch Shell (RDS.A, RDS.B) reportedly bought up the largest amount of North Sea oil in more than a decade during the market's main trading window for physical cargoes. The company purchased five cargoes - Brent, Oseberg, Forties and two Ekofisk cargoes - on Monday during a period in which traders offer to buy and sell cargoes to determine benchmark crude prices published by S&P Global Platts, the largest in Platts' Market-on-Close since late 2008, according to data compiled by Bloomberg. Even before Shell's move, the oil market had been strengthening, with prices trading in backwardation - effectively meaning traders are willing to pay hefty premiums to get hold of immediate supplies. Brent crude futures soared today to a fresh 11-month high of more than $57/bbl, helped by Saudi Arabia's deep unilateral cuts to its oil production in February and March.
la forge
31/1/2021
21:26
4th quarter 2020 Event Date Announcement date February 4, 2021 February 11, 2021 Shell Strategy Day Ex- Dividend Date for ADS.A and ADS.B February 18, 2021 Ex- Dividend Date for RDS A and RDS B February 18, 2021 Record date February 19, 2021 Closing of currency election date (see Note below) March 05, 2021 Pounds sterling and euro equivalents announcement date March 15, 2021 Payment date March 29, 2021 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.
waldron
27/1/2021
06:13
Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables pick up steam Firms including Woodside, Chevron, Shell and Exxon Mobil, told they could be downgraded within weeks Oil and gas companies have been told they could be downgraded between one and two notches as S&P increases risk rating for the entire sector. Ben Butler Wed 27 Jan 2021 02.02 GMT Last modified on Wed 27 Jan 2021 02.22 GMT 167 Rating agency S&P has warned 13 oil and gas companies, including the some of the world’s biggest, that it may downgrade them within weeks because of increasing competition from renewable energy. On notice of a possible downgrade are Australia’s Woodside Petroleum as well as multinationals Chevron, Exxon Mobil, Imperial Oil, Royal Dutch Shell, Shell Energy North America, Canadian Natural Resources, ConocoPhillips and French group Total. S&P said it was also considering downgrading four large Chinese producers – China Petrochemical Corp, China Petroleum & Chemical Corp, China National Offshore Oil Corp and CNOOC. Energy agency forecasts lower demand for oil as Covid cases surge The rating agency said it had increased its risk rating for the entire oil and gas sector from “intermediate” to “moderately high” because due to the move away from fossil fuels, poor profitability and volatile prices. It said it also had a negative outlook for two other big oil and gas companies, British multinational BP and Canadian group Suncor, but did not plan to immediately reassess their credit ratings. Business Council of Australia backs Zali Steggall's climate change bill for 2050 net zero target “In particular, we note significant challenges and uncertainties engendered by the energy transition, including market declines due to growth of renewables; pressures on profitability, specifically return on capital, as a result of high dollar capital investment levels over 2005-2015 and lower average oil and gas prices since 2014; and recent and potential oil and gas price volatility,” S&P said on Wednesday. It said it did not plan to downgrade companies by more than one notch as a result of the risk to the industry as a whole. “This said, we cannot exclude a combination of the industry risk revision and other material factors leading to a two-notch downgrade, especially given the potential for negative surprises after the Covid-19 impacts in 2020,” it said. A two-notch downgrade would put Woodside at BBB-, which is one notch above a junk rating. Woodside shares fell 3.25% on Wednesday morning. BlackRock holds $85bn in coal despite pledge to sell fossil fuel shares Read more A lower credit rating can make it harder or more expensive for companies to borrow money. In particular, many fund managers will not invest in companies with a junk rating. S&P’s move came after the world’s biggest funds manager, BlackRock, said it might dump shares in big greenhouse gas emitters in support of limiting global heating to 1.5C by 2050. “I believe that the pandemic has presented such an existential crisis – such a stark reminder of our fragility – that it has driven us to confront the global threat of climate change more forcefully and to consider how, like the pandemic, it will alter our lives,” BlackRock chief executive Larry Fink said in a letter to CEOs.
waldron
26/1/2021
08:52
Https://www.nsenergybusiness.com/features/eu-renewables-generation-2020/#
grupo guitarlumber
25/1/2021
10:22
Https://www.cityam.com/shell-to-buy-electric-vehicle-charging-firm-ubitricity/ Monday 25 January 2021 9:48 am Shell to buy electric vehicle charging firm Ubitricity Edward Thicknesse Oil giant Shell has today announced that it will buy Ubitricity, the UK’s biggest electric vehicle charging network, for an undisclosed sum. Read more: Shock to the system: Ofgem proposes new body to run electricity network The Berlin-founded firm currently owns 2,700 EV charging points in the UK, about 13 per cent of market share. The acquisition will allow Shell to expand its own charging network, which currently comprises over 1,000 charge points. Ubitricity works with local authorities to integrate charging points into existing physical infrastructure, such as lampposts. This is particularly helpful for those electric car drivers who do not have access to a private charger. Before the Open: Get the jump on the markets with our early morning newsletter Shell’s executive vice-president of global mobility, said: “Working with local authorities, we want to support the growing number of Shell customers who want to switch to an EV by making it as convenient as possible for them. “On-street options such as the lamp post charging offered by ubitricity will be key for those who live and work in cities or have limited access to off-street parking.” Shell is one of several oil behemoths to be targeting a wholesale revamp of its business as it seeks to embrace the coming “energy transition”. The Anglo-Dutch firm has set itself the goal of being a net zero emissions outfit by 2050. Last year it cut 9,000 jobs as the oil price collapse caused by the coronavirus pandemic expedited plans for restructuring the firm.
florenceorbis
24/1/2021
12:02
Shell Egypt, Emirati Mubadala to explore for oil, natural gas in Red Sea FeatureIndustry & TradeInvestment By Amwal Al Ghad English On Jan 24, 2021 Shell's Egypt assets Share Egypt signed a new production sharing contract between the state-owned Ganoub El-Wadi Petroleum Holding Company (Ganope) and Shell Egypt to explore for oil and natural gas in the deep waters of the Red Sea. Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla has signed the agreement. According to the agreement, Shell Egypt will explore in the Red Sea’s Bloc 4, an area of 3084 sq km, Shell Egypt said in a statement. Shell Egypt acquired 63 percent equity share, Emirati Mubadala Petroleum 27 percent share, and Egyptian Tharwa Petroleum Company 10 percent of the contractor’s share, states the contract. Khaled Kacem, country chairman and managing director of Shell companies in Egypt, said the new awarded concessions are in line with the company’s strategy to grow its business in gas projects in Egypt’s offshore areas, which supports the country’s sustainable development goals. In December 2019, Ganope gave Shell Egypt the right to explore in two blocs in an international bid for oil and gas exploration in the Red Sea. Shell Egypt has conducted several exploration missions in Egypt’s deep waters, such as the West Delta Deep Marine Phase 9B project. In 2018, the Egyptian Natural Gas Holding Company held an international bid for oil and gas exploration in which Shell Egypt was granted exploration rights in blocs 4 and 6.
waldron
24/1/2021
10:12
23 Jan, 22:33 Nord Stream 2 project stoppage may result in legal proceedings - German Minister According to the Minister of Environment Protection and Nuclear Safety Svenja Schulze, Germany will need natural gas during the transitional period after the abandonment of coal-fired and nuclear power generation BERLIN, January 24. /TASS/. The Nord Stream 2 gas pipeline project is close to completion and all the permits for its implementation were issued in line with principles of the rule of law, Germany’s Minister of Environment Protection and Nuclear Safety Svenja Schulze says in an interview with the Redaktionsnetzwerk Deutschland (RND). "The decision on the pipeline construction was made many years ago. It is close to completion and received permits in accordance with principles of the rule of law," the Minister said. "If we stop the project now, we will inflict a great deal of harm, casting a doubt on reliability of decisions made on the basis of principles of the rule of law and would probably face court proceedings," Schulze noted. Germany will need natural gas during the transitional period after the abandonment of coal-fired and nuclear power generation until it will be fully able to ensure energy supplies on account of renewable sources, the Minister said. "Germany barely has its own natural gas reserves, so we depend on import in this regard," she noted. The Nord Stream 2 project contemplates the construction of two pipeline strings with a total capacity of 55 bln cubic meters per year from the coast of Russia through the Baltic Sea to Germany. To date, 94% of Nord Stream 2 has been finished.
florenceorbis
23/1/2021
22:13
Https://www.abc.net.au/news/2021-01-24/prelude-floating-gas-plant-restarts/13067684
adrian j boris
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