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RDSA Shell Plc

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

Shell Share Discussion Threads

Showing 2926 to 2942 of 3150 messages
Chat Pages: 126  125  124  123  122  121  120  119  118  117  116  115  Older
DateSubjectAuthorDiscuss
05/7/2021
12:56
Royal Dutch Shell A
1,491 +0.98%


Royal Dutch Shell B
1,449.6 +1.29%

adrian j boris
04/7/2021
17:10
WORLDOIL.COM



OPEC’s latest standoff puts the oil cartel’s survival at risk

By Javier Blas on 7/4/2021


LONDON (Bloomberg) --A high-stakes game of oil diplomacy pits Saudi Arabia against long-time ally Abu Dhabi. And the result of their fight will shape not just the price of oil for the next year, but the future of the global energy industry.

The United Arab Emirates on Friday blocked an OPEC+ deal that cartel leaders Russia and Saudi Arabia hashed out to increase output, demanding better terms for itself. After two days of bitter negotiations, and with the UAE the only holdout, ministers halted the discussions until Monday, leaving markets in limbo as oil continued its inflationary surge above $75 a barrel.



Despite diplomatic talks continuing, the standoff appeared to continue on Sunday, with the UAE reiterating its demands.

Abu Dhabi is forcing its allies into a difficult position: accept its requests, or risk unraveling the OPEC+ alliance. Failure to reach a deal would squeeze an already tight market, potentially sending crude prices sharply higher. But a more dramatic scenario is also in play -- OPEC+ unity may break down entirely, risking a free-for-all that would crash prices in a repeat of the crisis last year.

As in all negotiations, there may be an element of bluff. Late last year, Abu Dhabi even floated the idea of leaving OPEC. While this time the UAE hasn’t repeated the threat, no one even at the heart of the talks is sure what could happen if negotiations fail on Monday.

An exit would almost certainly trigger a price war -- and in that scenario everyone loses. The bluff is to show your country is ready to take the pain better than the others.

But there’s also a more subtle poker game playing out, and in that hand, the UAE has some cards. The country wants to pump more oil after spending billions to increase production capacity. At some point, the others in the alliance will probably have to recognize Abu Dhabi’s new status, redrawing the terms of engagement to allow it to pump more.

“The UAE will push hard at this juncture to use this meeting to get their excess capacity recognized and brought back online,” said Roger Diwan, oil analyst at consultant IHS Markit Ltd. “Compromise exists, but it is just how they bring their capacity, not if.”

OPEC Math

At the center of the dispute is a word key to OPEC+ output agreements: baselines. Each country measures its production cuts or increases against a baseline. The higher that number, the more a country will be allowed to pump. The UAE says its current level, set at about 3.2 million barrels a day in April 2020, is too low, and says it should be 3.8 million.

“This was an inevitable fight,” said Ben Cahill, a senior fellow at the Center for Strategic and International Studies in Washington. “The differences are real and the UAE will continue to make noise until it achieves a higher baseline.”

The current OPEC+ production deal ends in April 2022, when every country will be able to re-negotiate its baseline. But now Saudi Arabia and Russia, with the support of everyone else at OPEC+, want to extend the agreement to the end of next year. The UAE has rejected the idea of extending the broader accord unless its baseline is changed, effectively killing the proposal negotiated by Moscow and Riyadh.

There was no sign of progress as of Sunday morning in Abu Dhabi, with the UAE still refusing to agree to an extension on current terms.

“The UAE is for an unconditional increase of production,” but a decision to extend the deal until the end of 2022 is “unnecessary to take now,” Energy Minister Suhail Al-Mazrouei said in an interview with Bloomberg Television. “We still have eight to nine months in this agreement, and we’re talking about plenty of time for this to be discussed at a later stage.”

In April 2020, Abu Dhabi accepted its current baseline, but it doesn’t want the straitjacket to stay on for even longer. Abu Dhabi has spent heavily to expand production capacity, attracting foreign companies including French oil giant TotalEnergies SE. With Iran potentially returning to the oil market soon if it reaches a nuclear deal, patience for getting new terms is wearing out.

Claiming a higher baseline is different to having one. Often countries make outlandish declarations of how much oil they can produce -- just to get a better deal. Few take those assertions seriously.

But last year the UAE proved it had the extra barrels. During the price war, it pumped a record of 3.84 million barrels a day, according to OPEC estimates. Abu Dhabi says it produced more than 4 million. Before then, it had never produced more than 3.2 million and few believed it was able to produce much more. Now it can prove it has the barrels, that strengthens its hand in the negotiation.

The Emirate proposal would even benefit Saudi Arabia, which could also secure for itself a higher baseline. But Riyadh has rejected it. The biggest loser would be Russia, which would see a much lower output target. And Saudi Arabia needs Russia onside.

Aside from cartel arithmetic, geopolitical tensions are also in play.

The country’s de facto ruler, Crown Prince Mohammed bin Zayed, once enjoyed close relations with the Saudi Crown Prince, Mohammed bin Salman. But the relationship between the two heirs appears to have cooled in recent months. And Abu Dhabi is flexing its muscles beyond the oil market, with bold geopolitical moves from Yemen to Israel. In another sign of tension as the OPEC standoff intensified on Friday night, Saudi Arabia moved to restrict citizens’ travel to the UAE, citing the pandemic.

Bad Timing

OPEC has been here before. There’s often friction in member countries between the oil ministry, which deals with the cartel and commits to quotas, and the national oil companies, whose priority often is to expand production capacity. In this case, Sultan Al Jaber, the head of the Abu Dhabi National Oil Co., led the charge to increase capacity.

In the 1990s, it was Petroleos de Venezuela SA, the state-owned company of the Latin America country, which pushed ahead with an aggressive capacity expansion. With oil demand growing slowly in the 1990s, Caracas and Riyadh clashed, and the fight ultimately triggered a price war in 1998 that saw Brent crude plunge below $10 a barrel.

In the 2000s, Algerian national energy giant Sonatrach SpA did the same, but benefited from better timing: booming Chinese oil demand allowed it to lift production 60% from 1996 to 2006 with the tacit consent of OPEC.

Adnoc’s push was hindered by two factors: U.S. shale production and the coronavirus pandemic, both of which dented demand for OPEC barrels over the last five years. Al Jaber misread the market, or was unlucky with the timing.

Who wins the standoff this time may depend on luck, a bit of bluffing, and who fears he has the most to lose from OPEC unraveling.

gibbs1
04/7/2021
10:51
TROPICAL STORM ELSA
waldron
03/7/2021
11:00
RBC analyst Biraj Borkhataria maintains his buy rating on the stock. The price target remains at GBX 2,200.
sarkasm
28/6/2021
14:56
Jon Rigby from UBS retains his positive opinion on the stock with a Buy rating. The target price is unchanged and still at GBX 1860.
grupo guitarlumber
23/6/2021
07:15
Royal Dutch Shell: Societe Generale upgrades from hold to buy, targeting GBp 1702.
adrian j boris
23/6/2021
04:50
Big oil CEOs see potential for $100 crude but volatility also will grow
Jun. 22, 2021 10:57 PM ETRDS.A, RDS.B...By: Carl Surran, SA News Editor7 Comments

Crude oil prices could hit $100/bbl but volatile markets also could drive prices back down due to a lack of investment in upstream energy, the heads of three of the world's top energy companies said today at the Qatar Economic Forum.

"There is quite a chance to reach $100 but we could see again in the coming years some lows as we have been accustomed to volatility," TotalEnergies (NYSE:TTE) CEO Patrick Pouyanne said.

"We're probably going to see both $50 and $100 oil... don't ask me about sequence though," Royal Dutch Shell (RDS.A, RDS.B) CEP Ben van Beurden said.

"Coming out of the pandemic and the lack of investment in our industry, I think it's going to exacerbate the supply and demand tightness as the economies pick back up again, and then in time we'll see supply pick up and rebalance [but] "in the shorter term, probably higher prices" are more likely, Exxon Mobil (NYSE:XOM) CEO Darren Woods told the group.

Trading house Trafigura previously has said oil could surpass $100 over the next year, and Bank of America forecast this week that prices could jump to the triple-digit level.

waldron
22/6/2021
16:43
The FTSE 100 index closed up on Tuesday boosted by gains for Royal Dutch Shell PLC and BP PLC, resuming their moves higher after last week's losses, IG says. "Now that the news about Shell having to slash emissions has been fully digested by the market, it seems ready to join BP in making further gains, which in turn should help the FTSE 100 consolidate its recent move higher," says Chris Beauchamp, analyst at IG.
waldron
22/6/2021
15:38
Oil Stocks Gain as Tighter Supply Boosts Brent

Energy stocks gain as the price of Brent crude hits its highest since late 2018. "While global travel remains depressed, the transition towards renewables could see majors limit their production ahead of any tangible decline in demand for crude," says IG's Joshua Mahony. "A 2.6 million-barrel decline in Cushing stocks highlight the tightening supply/demand dynamic, with inventories already at the lowest level in 15 months." BP, Royal Dutch Shell and TotalEnergies are all higher despite Brent ceding some of its gains, down 0.5% at $74.54 a barrel.

misca2
22/6/2021
15:13
Alexander Bueso

Sharecast News

22 Jun, 2021 15:36

JP Morgan names Shell 'top pick' in EU oil, expects 'stellar' cash flows

In turn, that would allow the oil major to continue deleveraging, boosting its ability to return cash, they argued.

Furthermore, the case for a $10bn price tag for its Permian assets was "well underpinned" and JP Morgan anticipated that a sale would be completed by the end of 2022.

And at a Brent oil price of $60 a barrel, JP Morgan estimated that Shell's net debt would fall below $40bn by the end of 2022.

Between $600-700m per year of its medium-term capital expenditure plans, an amount equivalent to 10% of its upstream budget, might also be freed up for re-allocation.

JP Morgan estimated that Shell's cash flow from operations, excluding working capital, would hit $13bn in the second quarter, not far from the record $13.8bn obtained in the third quarter of 2018.

Net debt meanwhile was seen reducing by $4bn to about $67bn, for $0.5bn of share buybacks in the back half of 2021 and $4.4bn in 2022 "with upside risk of a forward guide in the second quarter."

Shell's next trading update was scheduled for July.

misca2
14/6/2021
16:55
Oil majors actively pursuing renewable power projects for long-term sustainability, says analyst

Features & AnalysisPowerOil & Gas

By James Murray 14 Jun 2021

Analysis by GlobalData said the portfolio restructuring will help the industry’s largest companies to reduce their carbon intensity
India renewable energy investment

Within the renewable power sector, solar and wind energy are expected to show the highest growth rates over the next 10 years (Credit: Shutterstock/hrui)

The oil majors are actively pursuing renewable power projects for long-term sustainability as demand for fossil fuels is expected to fall in the coming years, says an analyst.

Analysis by data and analytics firm GlobalData said the portfolio restructuring will help the industry’s largest companies to reduce their carbon intensity and align themselves with the changing energy mix in the long run.

It claims oil and gas engineering, procurement and construction (EPC) vendors are enabling the energy transition by “building capabilities to set up renewable energy infrastructure”;.

“Global power demand is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2020 to 2030,” said Ravindra Puranik, oil and gas analyst at GlobalData.

“A significant portion of this will be fulfilled by renewable power generation. This growth outlook makes renewable power a key market for players across the energy sector, including oil and gas companies whose traditional market is at risk amid the transition to low-carbon sources.”


Oil majors BP, Equinor and Shell investing in renewable power projects

Within the renewable power sector, solar and wind energy are expected to show the highest growth rates over the next 10 years.

GlobalData projects solar power generation, including solar PV and solar thermal, to grow at a compound annual growth rate (CAGR) of 11.9% between 2020 and 2030.

Meanwhile, onshore and offshore wind segments are expected to collectively grow at a CAGR of 9.4% over the same period.

“Various governments are actively focusing on reducing carbon emissions and have enacted laws to facilitate decarbonisation in their countries,” said Puranik.

“Electrification, based on renewable energy sources, is an ideal approach to reduce carbon emissions. It also marks a strategic shift away from fossil fuels in the global effort to mitigate the threat to climate change.”

A key driver enabling the transition to renewables is falling costs. Traditionally, clean energy projects had a significant cost disadvantage over coal- and gas-fired power plants.

But in recent years, their economic competitiveness has improved significantly due to government policies and incentives, as well as technological advances.

“This has incentivised oil and gas majors such as BP, Equinor and Shell to invest in wind power generation,” said Puranik. “BP and Total are also leading the way in terms of upcoming solar power capacity.”

GlobalData notes that the growing role of renewable energy poses a “major threat” to fossil fuel-based power generation.

It added that the share of natural gas-based power generation will be “threatened221; by renewables growth and is likely to be the “next biggest loser” in the global power generation mix after coal.

florenceorbis
07/6/2021
06:52
07/06/2021 7:00am
UK Regulatory (RNS & others)


TIDMRDSA TIDMRDSB


The Hague, June 7, 2021 - The Board of Royal Dutch Shell plc ("RDS")
today announced the pounds sterling and euro equivalent dividend
payments in respect of the first quarter 2021 interim dividend, which
was announced on April 29, 2021 at US$0.1735 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
EUR0.1426 per A Share. Holders of A Shares who have validly submitted US
dollars or pounds sterling currency elections by May 28, 2021 will be
entitled to a dividend of US$0.1735 or 12.26p per A Share, respectively.

Dividends on B Shares will be paid, by default, in pounds sterling at
the rate of 12.26p per B Share. Holders of B Shares who have validly
submitted US dollars or euros currency elections by May 28, 2021 will be
entitled to a dividend of US$0.1735 or EUR0.1426 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 2 June to 4 June 2021.

This dividend will be payable on June 21, 2021 to those members whose
names were on the Register of Members on May 14, 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.

florenceorbis
06/6/2021
06:23
Putin Says That First Line Of Nord Stream 2 Is Now Complete
By RFE/RL staff - Jun 05, 2021, 4:00 PM CDT
Trade Oil Futures And Energy Stocks

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been "successfully completed."

Addressing an economic forum in St. Petersburg on June 4, Putin also said that "work on the second line is continuing."

While the underwater section still needs to be linked to the section on German territory, Russian energy giant Gazprom "is ready to start filing Nord Stream 2 with gas," he added.

Gazprom shares went up 0.6 percent after Putin's comments, reaching 273.80 rubles ($3.74) -- their highest level since mid-2008.

The United States, which has strongly opposed construction of the new Russian pipeline, last month announced new sanctions against Russian companies and ships involved in the project.

But the administration of President Joe Biden decided to waive sanctions against the company overseeing the project and its CEO.

In Washington, the move was met with criticism from Republicans and some Democrats, while the Kremlin hailed it as a "positive signal" ahead of a June 16 summit between Biden and Putin.

The Baltic Sea pipeline was at the center of a political tussle between Berlin and Washington during the previous administration of former U.S. President Donald Trump. Since coming into office in January, Biden has sought to heal relations with Europe after they were bruised under his predecessor.

U.S. officials have warned the pipeline will make Europe more dependent on Russian energy supplies and bypass Ukraine, which relies on gas transit fees.


The German government has refused to halt the project, arguing that it is a commercial venture and sovereign issue.

Putin told the St. Petersburg International Economic Forum that Russia will continue pumping 40 billion cubic meters of gas via Ukraine a year in line with the existing five-year contract.

Kyiv is locked in a confrontation with Moscow over Russia's 2014 seizure of Ukraine's Black Sea Crimean Peninsula and the Kremlin's support of separatists in eastern Ukraine.

Describing the U.S. use of the dollar as a political weapon, Putin also said that European states should pay for Russian gas in euros, a day after Moscow said it would remove dollar assets from its National Wealth Fund while increasing the share of the euro, Chinese yuan, and gold.

"The euro is completely acceptable for us in terms of gas payments. This can be done, of course, and probably should be done," he said.

Russia has long moved to reduce the dollar's share in its hard-currency reserves as it has faced waves of U.S. sanctions amid heightened tensions with the West over issues including the conflict in Ukraine, cyberattacks allegedly by Russian hackers, and Russia's treatment of jailed opposition activist Aleksei Navalny.

In an interview with state-run Channel One television on the sidelines of the St. Petersburg forum, Putin said he expected "no breakthrough" from his meeting with Biden, but expressed hope that the talks will be held in a "positive atmosphere."

"But the very fact of our meeting, that we will speak about possibilities for restoring bilateral relations, about matters of mutual interest, and, by the way, there are a lot of them, is quite good as such," he added.

Late last month, Biden said he would press his Russian counterpart to respect human rights when the two leaders meet.

The U.S. president in March said he believed Putin was a "killer," which prompted a diplomatic row that led to Moscow recalling its ambassador to Washington for consultations.

By RF/ERL

More Top Reads From Oilprice.com:

adrian j boris
05/6/2021
07:43
ihsmarkit.com/research-analysis/germany-pledges-10-billion-for-hydrogen-projects-by-shell-bp-t.html

Climate and Sustainability Research & Analysis
Germany pledges $10 billion for hydrogen projects backed by Shell, BP, Total, others
04 June 2021 Cristina Brooks

Majors BP and Shell, utilities like Vattenfall and RWE, and chemical refiners like BASF, Linde, and Dow all are likely to benefit from promised German state funding for 62 hydrogen projects.

Their projects are due a share of over €8 billion ($9.73 billion) in German state and federal funds announced jointly by Germany's Federal Ministry of Economics and Federal Ministry of Transport on 28 May.

An additional €20 billion ($24 billion) in backing for projects is set to come from private investors and other sources so that funding levels reach an expected €33 billion ($40 billion).

Germany's funding for the projects is contingent on the outcome of an application for EU State Aid law exemptions under the EU's Important Project of Common European Interest (IPCEI) program. The EU put out a call for proposals to regional companies to join a hydrogen IPCEI in December.

waldron
05/6/2021
07:31
ihsmarkit.com/research-analysis/germany-pledges-10-billion-for-hydrogen-projects-by-shell-bp-t.html
waldron
04/6/2021
17:26
Is Royal Dutch Shell Stock a Buy?
Shell had a solid plan for the future. Or at least it did until things got a little more complicated. What should investors do now?
Reuben Gregg Brewer
(TMFReubenGBrewer)
Jun 4, 2021 at 11:25AM
Author Bio

Royal Dutch Shell (NYSE:RDS.B) is one of the largest integrated energy companies on Earth. That has put it in the crosshairs of environmentalists looking to take on global warming. The company has started to do something about this issue, but it may not be enough to satisfy detractors. That could make life much more difficult for Shell and its shareholders.
The big change

Shell made the very difficult decision in 2020 to cut its dividend by a huge 65%. There were two reasons why the giant energy company took this step. First, drilling for oil requires a lot of capital investment, and at the time weak oil prices were making it difficult to fund spending needs. Second, the company announced plans to alter the makeup of its business, shifting toward growth in cleaner energy businesses and reducing its emphasis on oil.
A smiling person in front of wind turbines.

Image source: Getty Images.

That second announcement was notable, as it meant that Shell had heard what investors, governments, and environmentalists were saying about reducing carbon and it was taking action. Some of its peers, notably Chevron and ExxonMobil were, and for the most part still are, dragging their feet on this front. Shell's goal is to get to net zero carbon by 2050, with interim goals of a 20% reduction by 2030 and a 45% reduction by 2035.

There are a lot of moving parts to this plan, but it entails reducing oil production, increasing natural gas exposure, and ramping up investment in renewable energy. Shell is not new to the clean energy space either, so it has some expertise to build off of. The goals seem reasonable, but there's one key thing investors have to remember -- the oil business, though shrinking, is helping to fund the transition to a cleaner future.
A wrench in the gears

Everything seemed lined up for Shell. It had even gotten back to increasing its dividend, now having raised it twice since the cut. That was meant as a sign to investors that the company was financially strong and could be trusted to address clean energy concerns and maintain a growing dividend over time. Based on shareholder proxy voting, investors appeared pleased with the direction the company was heading. Then Shell lost a court case in Europe around its environmental impact.

TOT Dividend Per Share (Quarterly) Chart

TOT Dividend Per Share (Quarterly) data by YCharts

The big takeaway from the case is that Shell was told to increase the pace of its clean energy transition. The court mandated target for carbon emission reduction was 45% by 2030. That pushes forward the 2035 goal by five years, but means more than doubling the carbon reduction originally planned for 2030. This is a massive change.

The company responded by outlining the steps it has taken so far and plans to take in the future. And by saying it will appeal the decision. That is the logical step for Shell, but investors need to consider what happens if it loses this fight. Most notably, it will likely have to divest more oil assets to meet the court's mandate. That means less revenue to support the shift toward clean energy. In turn, this will probably lead to increased use of the balance sheet to fund the transition. That is not an ideal solution.
What to do about it?

At this point, nothing is likely to happen in the near term. However, investors looking for a long-term energy investment might want to step back here and rethink how they go about putting their money to work. This isn't to suggest that Shell is a bad company, only that the court loss raises the risks for this energy company in an unpredictable way.

The best alternative right now is likely Total (NYSE:TOT), which is going down a similar clean energy path, has maintained its dividend, and has shareholder support for its transition. Alternatively there is BP, but the company's 2020 dividend cut and high leverage compared to peers are issues that some may, justifiably, find concerning. That said, be prepared, if Shell does end up losing this fight, it is likely that other energy names will find themselves facing similar problems down the line.

Should you invest $1,000 in Royal Dutch Shell plc right now?

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the grumpy old men
31/5/2021
07:16
Proactiveinvestors



Philip Whiterow

13:55 Fri 28 May 2021

Shell might shrink by 12% if Dutch ruling is upheld

Shell's plan will see its oil output decline by 1% to 2% per year after peaking in 2019

Royal Dutch Shell’s (LON:RDSB) shock defeat in a Dutch court over its carbon emissions might lead to a reduction of 12% in its energy output, analysts have estimated.

The oil major’s own plans to become a net-zero carbon emissions company by 2050 were ruled as being too slow in a ruling in a case brought by environmental activists.

Shell will appeal the decision but if it loses will have to reduce its emissions by 45% between 2019 and 2030 compared to its own plans for a 20% reduction.

To hit a target of a 45% reduction would mean a 45% drop in oil sales, a decline in natural gas sales and a much larger increase in carbon offsets such as spending on reforestation said analysts at Credit Suisse

This would shrink the size of Shell's business by 12% to around 18.8 exajoules (ej) of energy output, whereas Shell’s own plan would see energy output rise to 25.8ej by 2020, the broker estimates

Shell's plan will see its oil output decline by 1% to 2% per year after peaking in 2019.

Royal Bank of Canada calculated that a 45% cut in absolute emissions would lead to a 30% drop in oil products sales from last year and a 3% drop in oil and gas production.

Shares in Shell have dropped by 2% since Wednesday and today were trading at 1,289p.

florenceorbis
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