Shell Share Discussion Threads

[grupo guitarlumber] 27/7/2021 16:13

As far as earning and dividend.
xxxxxy
27 Jul '21 - 12:36 - 18001 of 18001
0 3 0
Royal Dutch Shell PLC (RDS.A) is set to report second-quarter 2021 results on Thursday Jul 29, before the opening bell.
The Zacks Consensus Estimate for earnings is pegged at $1.22 for the to-be-reported quarter.
Against this backdrop, let’s delve into the factors that might have impacted the company’s June-quarter performance.

Key Q2 Predictions

Shell recently released a preliminary report for the April-June period wherein it vowed to keep a tight lid on capital expenditures as it aims to spend less than $22 billion for the year. The performance of Anglo-Dutch firm’s trading division, which was instrumental in helping it partly cushion the impact of the coronavirus-induced oil price slump, is likely to be “significantly below average” for the Integrated Gas division and “average”; for the Oil Products business.
Management further expects lower debt load for the second quarter though the quantum of reduction could be partly offset by changes in working capital.

Upstream

According to the firm’s preliminary update, Shell’s upstream production fell 6.3% on a year-over-year basis in the second quarter of 2021 at the midpoint of the guided range. The supermajor is estimating its output in the range of 2,225-2,300 thousand barrels of oil-equivalent per day (MBOE/d), indicating a decline from the year-ago quarter’s reported figure of 2,415 MBOE/d. Currency fluctuations are expected to impact earnings positively but the same may get offset by higher operating expenses due to increased planned maintenance activities. Tax charges are expected to hurt earnings in the range of $500-900 million.

Integrated Gas

Shell’s LNG liquefaction volumes are expected in the range of 7.1-7.7 million tons, indicating a decline of 11.5%from the year-ago quarter’s reported figure. The decrease can be blamed on additional unplanned maintenance activities. However, Shell’s integrated gas production is expected to increase to the range of 900,000 to 960,000 barrels of oil-equivalent per day (BOE/d) from the year-ago quarter’s reported figure. The metric was 904,000 BOE/d in the second quarter of 2020.

Oil Products

The company’s oil product sales are expected to increase to the band of 45 million barrels per day. Refinery utilization is estimated between 75% and 79%, suggesting growth from the year-ago period’s reported level of 70%. Marketing margins are expected to be higher sequentially owing to strong retail margins.

Chemicals

Chemical sales are projected to surge to the bracket of 3.5-3.8 million tons while margins are likely to be flat with the first-quarter 2021 reading. Manufacturing plant availability is expected between 81% and 85%, implying a rise from 78% reported in the corresponding period of 2020.

What Does Our Model Say?

Our proven Zacks model predicts an earnings beat for Shell this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Shell has an Earnings ESP of +10.55%.
Zacks Rank: Shell currently has a Zacks Rank #3, which increases the predictive power of ESP.
You can see the complete list of today’s Zacks #1 Rank stocks here.

Highlights of Q1 Earnings & Surprise History

Europe’s largest oil company Shell reported first-quarter earnings per ADS (on a current cost of supplies basis excluding items, signifying the market’s preferred measure) of 82 cents. The bottom line came ahead of the Zacks Consensus Estimate of 79 cents and improved from the year-ago profit of 74 cents per ADS.
This outperformance was mainly backed by solid commodity prices and robust chemical margins.
On the flip side, this Hague-based company’s revenues grossed $59.1 billion, down 3% from first-quarter 2020 sales of $61 billion on lower production and oil products sales volumes.
......Yahoo Finance

[waldo2020] 20/7/2021 08:28

Interesting article from seeking alpha

Phase II For Royal Dutch Shell Is A Big Buy Signal

[la forge] 16/7/2021 16:32

Shell, Iberdrola join in bid to build floating wind farms off Scotland

Jul. 16, 2021 10:57 AM ETIBDRY, RDS.A...By: Carl Surran, SA News Editor3 Comments


Royal Dutch Shell (RDS.A, RDS.B) says it is teaming up with Iberdrola-owned (OTCPK:IBDRY) ScottishPower to bid to develop large-scale floating wind farms off the coast of Scotland.

The partners say they submitted multiple proposals for the potential projects as part of the ScotWind leasing round.

Scotland could be at the forefront of the wind power sector, the companies say, potentially providing power for as much as 25% of the U.K. domestic market, or ~8M homes.

Many of Europe's major energy companies including BP, TotalEnergies (NYSE:TTE), Equinor (NYSE:EQNR) and Eni (NYSE:E) may place bids in the auction of 15 seabed locations for the next generation of wind farms.

Shell said recently it would increase total shareholder distributions to 20%-30% of cash flow from operations.

[waldron] 16/7/2021 08:07

Giacomo Romeo from Jefferies retains his positive opinion on the stock with a Buy rating. The target price is slightly modified from 1930 to 1950 GBX.

[grupo guitarlumber] 09/7/2021 19:37

[Netherlands] ROYAL DUTCH SHELL PLC (RDSA)

Real-time Quote. Real-time Euronext Amsterdam - 07/09 04:36:04 pm

17.224 EUR +0.76%

A LONG WAY TO GO UNTIL THE 2200p TARGET

[the grumpy old men] 08/7/2021 23:52

Shell sells 37.5% stake in Germany's Schwedt refinery

Jul. 08, 2021 8:08 AM ETRoyal Dutch Shell plc (RDS.A), RDS.BBy: Carl Surran, SA News Editor1 Comment


Royal Dutch Shell (RDS.A, RDS.B) says it agrees to sell its minority stake in the PCK Schwedt joint venture refinery in Germany to Estonia's Liwathon Group for an undisclosed sum, as a part of its strategy to reduce its global refining footprint.

Shell holds a non-operated 37.5% stale in the independently managed plant alongside Rosneft (OTCPK:RNFTF) with 54.17% and Eni (NYSE:E) with 8.33%, which each have pre-emption rights over Shell's stake.

Shell does not offer financial details but estimates the current value of its hydrocarbon inventory at the refinery at $150M-$250M.

The company owns Germany's Rheinland refinery, the country's largest, which processes more than 15M mt/year of crude oil.

Shell recently said it began production at Europe's biggest hydrogen electrolysis plant after two years of construction at the Wesseling site of the Rheinland refinery.

[waldron] 08/7/2021 10:51

Shell, TotalEnergies Join Satellite Effort to Track Methane

Aaron Clark, Bloomberg News


(Bloomberg) -- Royal Dutch Shell Plc, Chevron Corp. and TotalEnergies SE are joining a satellite-based effort to track methane emissions from offshore oil and gas platforms.

The project will rely on observations from GHGSat Inc. satellites, which use infrared sensor technology to identify the potent greenhouse gas as it absorbs sunlight bouncing off the surface of the Earth. Tracking offshore emissions would fill a crucial gap in the effort to halt leaks because nearly 30% of the world’s oil and gas production is offshore.

“Measuring offshore emissions properly is important: we need to improve the accuracy of the global methane stock take, replacing estimates with precise data,” GHGSat Chief Executive Officer Stephane Germain said in a statement. “Offshore producers are looking for ways to confirm their reported emissions.”

Halting methane emissions from the fossil fuel industry is viewed as some of the lowest hanging fruit in the fight against global warming because fugitive leaks are both wasted product and a source of reputational damage for operators. Methane, which is the primary component of natural gas but can also be released during coal and oil production, traps roughly 84 times more heat than carbon dioxide in the short term.

Despite advances that have allowed for greater detection of onshore methane plumes through satellite observation, tracking offshore emissions has proven more difficult because water absorbs sunlight when viewed directly from above. GHGSat said its satellites would take measurements from more acute angles and focus on points where the sun’s light reflects most strongly off the sea -- known as the ‘glint spot.’

TotalEnergies said in a statement that it would combine the satellite observations with local measurements from a drone-mounted spectrometer. The Paris-based energy company has been working with GHGSat since 2018 to detect and prevent methane leaks.

The effort will “strengthen our position as a pioneer in developing methane emissions monitoring technologies,” TotalEnergies Chief Technology Officer Marie-Noëlle Séméria said in the statement.

Each of the offshore project’s three industrial participants will have six of their facilities observed, which include assets in the North Sea and the Gulf of Mexico, according to GHGSat.

In February, GHGSat satellites identified leaks from at least eight natural gas pipelines and unlit flares in Turkmenistan that Germain said could have lasted for several hours and would have the same planet-warming impact as 250,000 internal-combustion cars running for a similar amount of time.

(Updates with company comment in sixth and seventh paragraphs.)

[la forge] 07/7/2021 23:18

courtesy of

xxnjr
7 Jul '21 - 22:59 - 17877 of 17877
0 1 0
Seems FT Lex share the same reservations.

"To do well in financial markets you need two types of skillsets: hard and soft. Royal Dutch Shell struggles with the latter, notably communications.....

.....The share price jumped more than 3 per cent, though good cheer faded quickly. One reason for this was that Shell previously said such substantial payouts would not be made until debt had been reduced. At first-quarter results, Shell reiterated that once net debt dropped to $65bn the stated payouts from cash flow could begin. Suddenly Shell has retired that “milestoneR21;. This will confuse analysts and investors awaiting proof of balance sheet rectitude. The clarity of Lex’s hindsight is unparalleled, correct 10 times out of nine. Few would have predicted that the Brent oil price would triple to more than $75 a barrel since Shell slashed its dividend by two-thirds. That jump alone probably added more than $20bn to operating cash flow. Yet last year, our simple sums suggested that big oil companies could get through the bear period without hammering dividends. Total of France held on. No surprise that the market has rewarded its shares with a period of outperformance.

Shell’s confusing communication strategy extends to carbon reduction. The group has more experience at evaluating climate change than many peers. Yet some analysts rightly carp that its strategy here remains muddled. To keep investors on side during this transition, Shell knows it must pay them more — and get its message straight."

[la forge] 07/7/2021 22:45

Huge Dividend increase, Please Sir



Roll on months end

[grupo guitarlumber] 07/7/2021 11:59

Shell to Increase Shareholder Distributions

Royal Dutch Shell PLC said Wednesday that it will increase total shareholder distributions to 20%-30% of cash flow from operations starting from the second-quarter results announcement on July 29.

[florenceorbis] 07/7/2021 10:22

Shell to Increase Shareholder Distributions -- Update
07/07/2021 7:51am
Dow Jones News

Royal Dutch Shell (LSE:0LN9)
Intraday Stock Chart


Wednesday 7 July 2021
Click Here for more Royal Dutch Shell Charts.

--Shell will increase shareholder distributions starting from 2Q results announcement

--Distributions will move to 20%-30% of free cash flow from operations

--The company expects lower production from the integrated gas and upstream units in 2Q



By Jaime Llinares Taboada



Royal Dutch Shell PLC said Wednesday that it will increase total shareholder distributions to 20%-30% of cash flow from operations starting from the second-quarter results announcement on July 29.

The Anglo-Dutch energy company said that it will move to the next phase of its capital allocation framework as a result of strong operational and financial delivery, and an improved macroeconomic outlook.

The company said the level of additional distributions will be determined when there is full visibility on the second-quarter results.

Shell expects to have further reduced its net debt in the second quarter. It said it will retire its $65 billion net debt milestone and target further strengthening of its balance sheet and credit metrics.

In addition, Shell said its integrated gas production is expected to fall to 900,000 oil-equivalent barrels a day to 960,000 oil-equivalent barrels a day in the second quarter. LNG liquefaction volumes are expected to drop to 7.1 million metric tons-7.7 million metric tons, reflecting unplanned maintenance.

Upstream production is also expected to decline quarter-on-quarter, to 2.22 million oil-equivalent barrels a day-2.30 million oil-equivalent barrels a day.

However, oil-products marketing margins are expected to be higher than in the first quarter, with sales volumes of 4.0 million barrels a day-5.0 million barrels a day.

As for the chemicals business, margins are expected in line with the first quarter and sales volumes are seen at 3.5 million tons-3.8 million tons.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

July 07, 2021 02:51 ET (06:51 GMT)

[florenceorbis] 07/7/2021 09:59

Consensus

The consensus collection for quarterly Adjusted Earnings and CFFO excluding working capital movements, managed by Vara research, will be published on 22 July 2021.

[florenceorbis] 07/7/2021 09:49

RBC analyst Biraj Borkhataria maintains his Buy rating on the stock. The target price is still set at GBX 2200.

[florenceorbis] 07/7/2021 09:48

Analyst Christyan Malek from JP Morgan research considers the stock attractive and recommends it with a Buy rating. The target price continues to be set at GBX 2200.

[la forge] 06/7/2021 12:23

Oil prices rise to six-year highs after OPEC+ talks yield no production deal

Published Mon, Jul 5 20216:52 PM EDTUpdated 4 Min Ago

Pippa Stevens
@PippaStevens13


Oil jumped to its highest level in six years after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.

On Tuesday, U.S. oil benchmark West Texas Intermediate crude futures advanced 1.6%, or $1.22, to $76.38 per barrel. At one point, WTI crude hit as high as $76.98, which was the highest price since November 2014.

International benchmark Brent crude rose 0.2%, or 16 cents, to $77.32 per barrel — the highest since late 2018.

Discussions began last week between OPEC and its allies, known as OPEC+, as the energy alliance sought to establish output policy for the remainder of the year. The group on Friday voted on a proposal that would have returned 400,000 barrels per day to the market each month from August through December, resulting in an additional 2 million barrels per day by the end of the year. Members also proposed extending the output cuts through the end of 2022.

The United Arab Emirates rejected these proposals, however, and talks stretched from Thursday to Friday as the group tried to reach a consensus. Initially, discussions were set to resume on Monday but were ultimately called off.

“The date of the next meeting will be decided in due course,” OPEC Secretary General Mohammad Barkindo said in a statement.

OPEC+ took historic measures in April 2020 and removed nearly 10 million barrels per day of production in an effort to support prices as demand for petroleum-products plummeted. Since then, the group has been slowly returning barrels to the market, while meeting on a near monthly basis to discuss output policy.


“For us, it wasn’t a good deal,” UAE Minister of Energy and Infrastructure Suhail Al Mazrouei told CNBC on Sunday. He added that the country would support a short-term increase in supply, but wants better terms if the policy is to be extended through 2022.

Oil’s blistering rally this year — WTI has gained 57% during 2021 — meant that ahead of last week’s meeting many Wall Street analysts expected the group to boost production in an effort to curb the spike in prices.

“With no increase in production, the forthcoming growth in demand should see global energy markets tighten up at an even faster pace than anticipated,” analysts at TD Securities wrote in a note to clients.

“This impasse will lead to a temporary and significantly larger-than-anticipated deficit, which should fuel even higher prices for the time being. The summer breakout in oil prices is set to gather steam at a fast clip,” the firm added.

— CNBC’s Sam Meredith contributed reporting.

[waldron] 06/7/2021 09:44

In a research note published by Christyan Malek, JP Morgan advises its customers to buy the stock. Previously set at GBX 2000, the target price has been raised to GBX 2200.

[garreyd] 06/7/2021 02:26

No havin any of this nonsense. Clean ye act up lads