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 Shares Traded Last Trade
  -17.20 -0.89% 1,924.00 5,929,474 16:35:01
Bid Price Offer Price High Price Low Price Open Price
1,922.60 1,923.20 1,949.40 1,922.20 1,947.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 260,049.02 19,217.31 148.54 12.7 82,320
Last Trade Time Trade Type Trade Size Trade Price Currency
17:56:23 O 184 1,931.82 GBX

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16/2/2020
08:20
Royal Dutch Shell Daily Update: Royal Dutch Shell Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RDSA. The last closing price for Royal Dutch Shell was 1,941.20p.
Royal Dutch Shell Plc has a 4 week average price of 1,922.20p and a 12 week average price of 1,922.20p.
The 1 year high share price is 2,637.50p while the 1 year low share price is currently 1,922.20p.
There are currently 4,278,607,198 shares in issue and the average daily traded volume is 18,657,499 shares. The market capitalisation of Royal Dutch Shell Plc is £82,320,402,489.52.
05/2/2020
14:15
waldron: Royal Dutch Shell: No Need To Worry Over Proven Reserve Life And Dividend Remains Safe Despite Soft Fourth Quarter Results Feb. 5, 2020 8:57 AM ET | About: Royal Dutch Shell plc (RDS.A), RDS.B Daniel Thurecht Daniel Thurecht Long-term horizon, contrarian, oil & gas, industrials (2,246 followers) Summary Unfortunately for shareholders in Royal Dutch Shell, results for the fourth quarter of 2019 were quite soft and thus saw their share price sink near 5% at one point. Although their shrinking reserve life is not an ideal situation, there are two main reasons why this is not as concerning as it may initially appear. Management is taking sensible actions with their capital allocation through keep capital expenditure low and slowing their share buybacks. These steps should help ensure their cherished dividend payments continue well into the future, although their prospects for future dividend growth is minimal at the moment. Introduction Recently the European oil and gas giant, Royal Dutch Shell (RDS.A) (RDS.B), reported results for the fourth quarter of 2019. Unfortunately for shareholders these results saw net income fall 83% year on year and thus were not received particularly well by the market, sending the share price down nearly 5% at one point. This article provides my commentary on several key topics and the outlook for shareholder returns. Reserve Life One concerning aspect that has been mentioned was their sixth consecutive decline in their proven oil and gas reserve life, which now stands at only approximately eight years. Whilst this is certainly not an ideal situation, there are a couple of reasons why it is not as alarming as stating that their “…status quo on reserves would put it out of business in eight years” indicates. The first reason being that this assumes a zero reserve replacement ratio, which history indicates is very unlikely to eventuate. During the last three years their reserve replacement ratio has on average been 48% or 90% if the impacts of acquisitions and divestitures are excluded. If an investor assumes the lower reserve replacement ratio of 48% will continue going forward, this indicates that their reserves would actually last approximately twice as long. Naturally the thought of their reserves actually lasting sixteen years does not sound nearly as alarming and thus indicates they have considerably more time to address this issue. Whilst their future reserve replacement ratio may differ, considering this occurred during a period of industry wide reduced exploration expenditure and was heavily impacted by divestitures, it seems realistic to assume that this could continue at least in the medium-term. Personally I believe their reserve replacement ratio that excludes the impacts of acquisitions and divestitures is a more suitable way to view their performance as inorganic decisions such as these can work in either direction, which leads into the second reason. Providing they maintain a strong financial position and thus access to capital markets they should be able to acquire reserves in the future as necessary or alternatively further diversify their earnings into other areas, such as renewable energy. Cash Flows, Capital Expenditure Guidance & Dividend Coverage Although the headline figures indicating that their operating cash flow decreased from $22.021b in the fourth quarter of 2018 to only $10.267b for the equivalent time period of 2019 sounds dramatic on the surface, the underlying situation was not nearly as severe. If the impacts of working capital changes are removed from both results, their operating cash flow only decreased slightly from $12.9b to $12.3b. Considering the pressure they are currently facing from not only weak oil and gas prices but also downstream margins, it was reassuring to see capital expenditure guidance towards the lower end of their $24b to $29b range. This is a positive indicator for their capital allocation as it should strike an appropriate balance between ensuring their financial position remains healthy without underinvesting in their future. Their dividend coverage for the fourth quarter of 2019 was not particularly strong with their operating cash flow of $10.267b only leaving $2.307b for dividends after paying for capital expenditure, investments in joint ventures and associates, net interest expense and dividends to non-controlling interests. This only provided dividend coverage of 61.93% as their dividend payments of $3.725b left a shortfall of $1.418b, however, due to divestitures totaling $2.081b this shortfall was not funded through debt. Whilst this quarter was not stellar, I still maintain that their dividend remains safe as was further discussed in one of my previous articles. Nevertheless their share buybacks totaling $2.848b where clearly partly funded through debt, which as subsequently discussed are being reduced in the short-term. Future Buyback Outlook The next tranche of their share buybacks to is be completed by the 27th April 2020 and will not exceed $1b, which is significantly less than the $2.848b that were repurchased during the fourth quarter of 2019. When considering the current macroeconomic backdrop it should come as little surprise that they are slowing the pace of their share buybacks. This indicates that management is making sensible capital allocation decisions that should help ensure their financial position remains secure and thus their cherished dividend payments continue flowing even if times get tougher. Future Dividend Outlook Given the current gloomy situation for their underlying commodities as well as their desire to further deleverage and complete their share buyback program, it seems safe to assume that their dividend will be remaining static for a while longer. Considering their dividend yield sits at virtually 7% as of the time of writing, this is not necessarily problematic as going forward shareholders can theoretically still earn a modest return in this low interest rate world even if their share price only trends sideways. Conclusion The softness of their earnings should have been mostly expected given the underlying industry conditions that they unfortunately have zero control over. Thankfully it appears that their management is making sensible capital allocation decisions to ensure their core business and cherished dividend payments continue well into the future. Although as a shareholder I would naturally prefer to see stronger results, volatility is par for the course in this industry and thus nothing contained within these results causes me to alter my bullish rating. Notes: Unless specified otherwise, all figures in this article were taken from Royal Dutch Shell’s Fourth Quarter 2019 report, all calculated figures were performed by the author.
27/8/2019
15:16
grupo guitarlumber: 10acious 27 Aug '19 - 16:00 - 7128 of 7129 0 1 0 I think the whole process is far more involved than we are giving it credit. There are literally many hundreds of trades potentially taking place each day. Factors under consideration include A B share price, the exchange location and fees, the value of any withholding tax due based on type and location, the current value based on that moments local exchange rate ie. Euro v Stirling equivalent and the size of the trade in volume terms.....And probably a few other factors that do not readily spring to mind. I am quite happy that the very well paid individuals involved will spend the money wisely, their bonuses depend on it. waldron 27 Aug '19 - 16:02 - 7129 of 7129 Edit 0 0 0 Cheers 10 your input much appreciated and certainly given much food for thought i must admit i like to make lofe simple so will stick with the broad brush approach that they will tend to buy B if atleast 6p cheaper than A Royal Dutch Shell A 2,260 Royal Dutch Shell B 2,253.5 LOGIC TO BE PROVEN BY RNS IN COMING DAYS '''''''''''''''''''''''''''''''''''''''''''''''''''''' AS AN AIDE MEMOIRE WILL INCLUDE TEMPORARILY ON THE RDSA HEADER if ok with you guys ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''
30/3/2019
14:11
grupo guitarlumber: Shell share price: Analysts say group could ramp up acquisitions Anglo-Dutch oil major looks to become world’s biggest power company Tsveta Zikolova by Tsveta Zikolova Friday, 29 Mar 2019, 14:12 GMT Shell share price: Analysts say group could ramp up acquisitions Royal Dutch Shell (LON:RDSA) could increase acquisitions of electricity producers as it looks to become the world’s biggest power company by the 2030s, Bloomberg has reported, quoting analysts. The news comes after the Anglo-Dutch oil major rebranded UK household energy and broadband provider First Utility this week. Shell’s share price has climbed higher in London in today’s session, having gained 0.98 percent to 2,414.00p as of 13:37 GMT. The stock is outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.54 percent higher at 7,273.10 points. The group’s shares have added just under eight percent of their value over the past year, as compared with about a three-percent rise in the Footsie. Shell could ramp up M&S Bloomberg reported today that analysts at Sanford C Bernstein had said that Shell could ramp up acquisitions of electricity producers to achieve its target of becoming the world’s biggest power company by the 2030s. The broker’s analysis shows that to become the biggest low-carbon electricity provider, the company must produce 214 terawatt-hours of clean power every year by 2035. Bernstein says that Shell could achieve that through organic growth, ultimately managing 61 gigawatts of power capacity. The newswire, however, noted that the company will probably want to move even faster and expand acquisitions of electricity producers, a strategy which has already divided investors. “Shell want electricity to be the fourth pillar of their business, alongside oil, gas and chemicals,” analysts including Oswald Clint commented in a report, as quoted by Bloomberg. “In much the same way they dominate the value chain in oil and gas, they want to do the same in electricity.” Analyst ratings update According to MarketBeat, the blue-chip group currently boasts a consensus ‘buy’ rating and an average price target of 2,992.69p. Shell is scheduled to update investors on its first-quarter performance on May 2. As of 14:14 GMT, Friday, 29 March, Royal Dutch Shell Plc 'A' share price is 2,414.00p.
22/1/2019
20:46
sarkasm: Shell share price drops as Morgan Stanley trims rating on oil major Analysts flag capex concerns Tsveta Zikolova by Tsveta Zikolova Tuesday, 22 Jan 2019, 13:54 GMT Shell share price drops as Morgan Stanley trims rating on oil major Shares in Royal Dutch Shell (LON:RDSA) have fallen into the red in London in today’s session as analysts at Morgan Stanley lowered their rating on the blue-chip oil major. Proactive Investors quoted the analysts as arguing that the Anglo-Dutch group’s planned share buybacks, dividends and debt reduction would not leave much room for capital expenditure to increase. As of 13:07 GMT, Shell’s share price had given up 1.64 percent to 2,333.00p, underperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.43 percent lower at 6,940.31 points. The group’s shares have lost more than seven percent to their value over the past year, as compared with a near 10-percent drop in the Footsie. Morgan Stanley trims stance on Shell Morgan Stanley cut its rating on Shell from ‘equal weight’ to ‘underweight’ today. Proactive Investors quoted the analysts as saying that the oil major’s planned share buybacks, dividends and debt reduction would require $66 billion in cash to the end of 2020 and do not leave much room for the group’s capex to increase. The broker further said that the FTSE 100 group’s capex-to-dividend ratio was already unusually low, being by far the lowest in the sector and at a 20-year low in the company’s history, adding that the risk that Shell was either over-distributing or under-investing was higher than for its peers. Other analysts on Anglo-Dutch group JPMorgan Chase & Co, which is ‘overweight217; on Shell, lowered its valuation on the shares from 2,800p to 2,700p on Friday. According to MarketBeat, the blue-chip group currently has a consensus ‘buy’ rating and an average price target of 2,919.67p. Shell is scheduled to update investors on its fourth-quarter results on January 31. As of 13:56 GMT, Tuesday, 22 January, Royal Dutch Shell Plc 'A' share price is 2,316.00p.
30/11/2018
18:08
waldron: Shell share price: Group wraps up divestments in Norway and Ireland Deals part of energy major’s $30bn disposal programme Tsveta Zikolova by Tsveta Zikolova Friday, 30 Nov 2018, 14:58 GMT Shell share price: Group wraps up divestments in Norway and Ireland Royal Dutch Shell (LON:RDSA) has wrapped up its divestment deals in Ireland and Norway, the blue-chip oil major has said. The disposals are part of the Anglo-Dutch group’s $30-billion disposal programme. Shell’s share price has been steady in London in today’s session, having added 0.19 percent to 2,376.50p as of 14:19 GMT. The stock is underperforming the broader UK market, with the benchmark FTSE 100 index having slipped into the red and currently standing 0.63 percent lower at 6,994.45 points. The group’s shares have added less than one percent to their value over the past year, as compared with about a 4.5-percent drop in the Footsie. Shell wraps up divestments Shell announced in a statement today that it had completed the sale of its interests in the Draugen and Gjøa fields in Norway for 4.52 Billion NOK (about £452 million). The company said that it remained committed to Norway where it operates the Ormen Lange and Knarr project and is partner in Troll, Valemon and Kvitebjørn. The Anglo-Dutch oil major announced in a separate statement that it had also completed the sale of its shares in Shell E&P Ireland, which holds a 45-percent interest in the Corrib gas venture, for up to $1.30 billion. The deal represents the group’s exit from the upstream sector in Ireland. Shell, however, will retain a presence in the country through its aviation joint venture, Shell and Topaz Aviation Ireland Limited. Analysts on FTSE 100 group JPMorgan Chase & Co, which is ‘overweight217; on Shell, lowered its price target on the stock from 3,250p to 2,800p yesterday. According to MarketBeat, the Anglo-Dutch oil major currently has a consensus ‘buy’ rating and an average price target of 2,943p. As of 14:59 GMT, Friday, 30 November, Royal Dutch Shell Plc 'A' share price is 2,376.50p.
19/11/2018
10:11
sarkasm: Are further falls ahead for the Royal Dutch Shell Plc share price? Could Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) experience further challenges? November 19, 2018 Robert Stephens FTSE 100, Shell (LON:RDSB) Royal Dutch Shell Plc Royal Dutch Shell Plc It’s been a difficult few weeks for the Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) share price. It has declined by 10% since early October, with its fall following the oil price downwards. Investors seem to be increasingly cautious about the prospects for the world economy. With a higher US interest rate potentially ahead, a stronger dollar could follow and this may lead to reduced demand for a range of commodities. Tariffs may also cause a reduction in GDP growth, which could slow demand growth even further in my view. At the same time, though, Shell may be able to benefit from continued geopolitical risks in the Middle East, as well as economic challenges in Venezuela. These factors could peg back supply growth in oil and lead to a buoyant oil price over the medium term. The company, of course, seems to be delivering on its strategy. It is seeking to rationalise its asset base, while also reducing leverage and improving free cash flow. These measures could create a stronger business which is better able to cope with what may prove to be a volatile period for the oil price in my opinion. With the stock forecast to post increasing EPS growth in the next two years, I believe that it may be able to outperform a number of its industry peers. Since it has a P/E ratio of around 11.6, I think it could be undervalued given its improving business model and the prospect of rising EPS over the next couple of years. Therefore, while the Shell share price could encounter further volatility and may even fall further in the near term, over the long run I’m optimistic about its investment prospects. I feel it has a sound strategy and may offer a margin of safety compared to some of its industry peers and the FTSE 100. About Robert Stephens 4891 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
22/10/2018
09:51
maywillow: 4 resources shares with growth potential? BP plc, Glencore PLC, Premier Oil PLC and Royal Dutch Shell Plc Do these stocks offer improving investment outlooks? BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Premier Oil PLC (LON:PMO) (PMO.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) October 22, 2018 Robert Stephens FTSE 100 Royal Dutch Shell Plc Royal Dutch Shell Plc The long-term prospects for the resources industry are relatively bright in my view, and that’s why I’m taking a closer look at BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Premier Oil PLC (LON:PMO) (PMO.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L). BP could benefit from further rises in the oil price in my opinion. Geopolitical tension in countries such as Iran and Venezuela could lead to supply disruption, and this may mean that the oil price has further upside potential. With BP’s share price having a P/E of around 14, I think that it could offer good value for money. A dividend yield of 5.5% suggests to me that it may offer income potential, as well as capital growth prospects over the long run. Premier Oil may also benefit from a higher oil price. The company has been able to become increasingly efficient in recent years, and this is expected to help improve its cash flow in the second half of the year. Higher cash flow could be used to reduce debt levels and create a more sustainable business. With the company’s P/E ratio of around 6 suggesting to me that there may be a margin of safety on offer, I’m optimistic about the outlook for the Premier Oil share price. Glencore’s recent share price performance has been disappointing. Investors may be concerned about the stronger dollar, or by the regulatory risks which the company faces. I’m optimistic about the long-term future for the world economy, though, and believe that demand for commodities could remain high. With Glencore having improved its balance sheet and efficiency in recent years and it having a single-digit P/E ratio, I think that it could have investment appeal. Shell’s balance sheet could be set to improve through planned debt reduction, as well as an asset disposal programme. The FTSE 100 company may be able to strengthen its long-term outlook, while also increasing free cash flow over the next couple of years. With a dividend yield of over 5%, I feel that there could be further upside potential for the Shell share price. With a large and diverse asset base, I believe it could offer a sound risk to reward ratio. About Robert Stephens 4627 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
22/8/2018
17:21
waldron: Shell A Share News (RDSA) 3 Share Name Share Symbol Market Type Share ISIN Share Description Royal Dutch Shell A 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 +23.00p +0.92% 2,524.50p 2,527.50p 2,528.50p 2,533.00p 2,483.50p 2,491.00p 4,116,712 17:35:25 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Oil & Gas Producers 225,948.9 13,423.1 117.0 20.4 116,008.96 Print Alert Royal Dutch Shell Transaction in Own Shares 22/08/2018 5:27pm UK Regulatory (RNS & others) TIDMRDSA Transaction in Own Shares August 22, 2018 * * * * * * * * * * * * * * * * Royal Dutch Shell plc (the 'Company') announces that on August 22, 2018 it purchased the following number of "A" Shares for cancellation. Aggregated information on "A" shares purchased according to trading venues: Date of Number of Highest Lowest price Volume Venue purchase "A" shares price paid: paid: weighted purchased (GBp) (GBp) average price paid per share (GBp) August 22, 2018 738,700 2532.50 2484.00 2516.56 LSE August 22, 2018 145,500 2532.50 2483.50 2517.06 Cboe Europe Equities (BXE) August 22, 2018 124,700 2533.00 2484.00 2516.81 Cboe Europe Equities (CXE) These share purchases form part of the Company's existing share buy-back programme, details of which were announced on July 26, 2018.
27/4/2018
08:46
ariane: 4 Reasons Why Investors Like Buybacks By Trevir Nath | Updated October 3, 2017 — 10:00 AM EDT Share Ultimately, highly successful companies reach a position where they are generating more cash than they can reasonably reinvest in the business. The financial crisis has caused investors to pressure companies to distribute the accumulated wealth back to shareholders. Typically, companies can return wealth to shareholders through stock price appreciations, dividends, or stock buybacks. In the past, dividends were the most common form of wealth distribution. However, as Corporate America becomes more progressive and flexible, a fundamental shift has occurred in the way companies deploy capital. Instead of traditional dividend payments, buybacks have been viewed as a flexible practice of returning excess cash flow. Buybacks can be seen as an efficient way to put money back into its shareholders pockets, as recently demonstrated by Apple’s (APPL ) capital return programs. The Basics of Buybacks In recent history, leading companies have adopted a regular buyback strategy to return all excess cash to shareholders. By definition, stock repurchasing allows companies to reinvest in themselves by reducing the number of outstanding shares on the market. Typically, buybacks are carried out on the open market, similarly to how investors purchase stocks. While there has been a clear shift in wealth distribution of dividends to stock repurchasing, this doesn’t mean a company cannot pursue both. Apple investors have grown to prefer buybacks since they have the choice of whether or not to partake in the repurchase program. By not participating in a share buyback, investors can defer taxes and turn their shares into future gains. From a financial perspective, buybacks benefit investors by improving shareholder value, increasing share prices, and creating tax beneficial opportunities. Improved Shareholder Value There are many ways profitable companies can measure the success of its stocks. However the most common measurement is earnings per share (EPS). Earnings per share are typically viewed as the single most important variable in determining share prices. It is the portion of a company’s profit allocated to each outstanding share of common stock. When companies pursue share buyback, they will essentially reduce the assets on their balance sheets and increase their return on assets. Likewise, by reducing the number of outstanding shares and maintaining the same level of profitability, EPS will increase. For shareholders who do not sell their shares, they now have a higher percent of ownership of the company’s shares and a higher price per share. Those who do choose to sell have done so at a price they were willing to sell at. Boost in Share Prices When the economy is faltering, share prices can plummet as a result of weaker than expected earnings amongst other factors. In this event, a company will pursue a buyback program since it believes that company shares are undervalued. Companies will choose to repurchase shares and then resell them in the open market once the price increase to accurately reflect the value of the company. When earnings per share increases, the market will perceive this positively and share prices will increase after buybacks are announced. This often comes down to simple supply and demand. When there is a less available supply of shares, then an upward demand will boost share prices. Tax Benefits When excess cash is used to repurchase company stock, instead of increasing dividend payments, shareholders have the opportunity to defer capital gains if share prices increase. Traditionally, buybacks are taxed at a capital gains tax rate, whereas dividends are subject to ordinary income tax. If the stock has been held for more than one year, the gains would be subject to a lower capital gains rate. Excess Cash When companies pursue buyback programs, this demonstrates to investors that the company has additional cash on hand. If a company has excess cash, then at worst the investors do not need to worry about cash flow problems. More importantly, it signals to investors that the company feels cash is better used to reimburse shareholders than reinvest alternative assets. In essence, this supports the price of the stock and provides long-term security for investors. The Downside While investors tend to adore buybacks, there are several disadvantages investors should be aware of. Buybacks can be a signal of the marketing topping out; many companies will repurchase stocks to artificially boost share prices. Typically, executive compensations are tied to earnings metrics, and if earnings cannot be increased, buybacks can superficially boost earnings. Also, when buybacks are announced, any share price increase will typically benefit short-term investors rather than investors seeking long-term value. This creates a false signal to the market that earnings are improving due to organic growth and ultimately ends up hurting value. The Bottom Line Generally speaking, redistributing wealth has been viewed positively by investors. This can come in the form of dividends, retained earnings, and the popular buyback strategy. In terms of finance, buybacks can boost shareholder value and share prices while also creating a tax advantageous opportunity for investors. While buybacks are important to financial stability, a company’s fundamentals and historical track record are more important to long-term value creation. Read more: 4 Reasons Why Investors Like Buybacks | Investopedia Https://www.investopedia.com/articles/investing/123115/4-reasons-why-investors-buybacks.asp#ixzz5DrQCbE2G Follow us: Investopedia on Facebook
02/11/2017
07:38
grupo guitarlumber: ROyal Dutch Shell Shell third quarter 2017 interim dividend 02/11/2017 7:05am UK Regulatory (RNS & others) TIDMRDSA TIDMRDSB ROYAL DUTCH SHELL PLC THIRD QUARTER 2017 INTERIM DIVID The Board of Royal Dutch Shell plc ("RDS") today announced an interim dividend in respect of the third quarter of 2017 of US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share"), equal to the US dollar dividend for the same quarter last year. RDS provides eligible shareholders with a choice to receive dividends in cash or in shares via a Scrip Dividend Programme ("the Programme"). For further details please see below. Details relating to the third quarter 2017 interim dividend It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism from UK-sourced income of the Shell group. Per ordinary share Q3 2017 RDS A Shares (US$) 0.47 RDS B Shares (US$) 0.47 Cash dividends on A Shares will be paid, by default, in euro, although holders of A Shares will be able to elect to receive dividends in pounds sterling. Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in euro. The pounds sterling and euro equivalent dividend payments will be announced on December 7, 2017. Per ADS Q3 2017 RDS A ADSs (US$) 0.94 RDS B ADSs (US$) 0.94 Cash dividends on American Depository Shares ("ADSs") will be paid, by default, in US dollars. ADS stands for an American Depositary Share. ADR stands for an American Depositary Receipt. An ADR is a certificate that evidences ADSs. ADSs are listed on the NYSE under the symbols RDS.A and RDS.B. Each ADS represents two ordinary shares, two A Shares in the case of RDS.A or two B Shares in the case of RDS.B. In many cases the terms ADR and ADS are used interchangeably. Scrip Dividend Programme RDS provides shareholders with a choice to receive dividends in cash or in shares via the Programme. Under the Programme shareholders can increase their shareholding in RDS by choosing to receive new shares instead of cash dividends, if approved by the Board. Only new A Shares will be issued under the Programme, including to shareholders who currently hold B Shares. In some countries, joining the Programme may currently offer a tax advantage compared with receiving cash dividends. In particular, dividends paid out as shares by RDS will not be subject to Dutch dividend withholding tax (currently 15 per cent), unlike cash dividends paid on A shares, and they will not generally be taxed on receipt by a UK shareholder or a Dutch shareholder. Shareholders who elect to join the Programme will increase the number of shares held in RDS without having to buy existing shares in the market, thereby avoiding associated dealing costs. Shareholders who do not join the Programme will continue to receive in cash any dividends approved by the Board. Shareholders who held only B Shares and joined the Programme are reminded they will need to make a Scrip Dividend Election in respect of their new A Shares if they wish to join the Programme in respect of such new shares. However, this is only necessary if the shareholder has not previously made a Scrip Dividend Election in respect of any new A Shares issued. For further information on the Programme, including how to join if you are eligible, please refer to the appropriate publication available on www.shell.com/scrip. Dividend timetable for the third quarter 2017 interim dividend Announcement date November 2, 2017 Ex-dividend date RDS A and RDS B ADSs (Note 1) November 16, 2017 Ex-dividend date RDS A and RDS B shares November 16, 2017 Record date November 17, 2017 Scrip reference share price announcement date November 23, 2017 Closing of scrip election and currency election (Note 2) December 1, 2017 Pounds sterling and euro equivalents announcement date December 7, 2017 Payment date December 20, 2017 Notes Note 1: The New York Stock Exchange (NYSE), with effect from September 5, 2017, reduced the standard settlement cycle in accordance with the SEC amendments to Exchange Act Rule 15c6-1(a). Under these rules, regular settlement will occur on a T+2 basis for trades occurring on or after the SEC's implementation date of September 5, 2017. As a result RDS A ADSs and RDS B ADSs traded on the NYSE markets will now settle in line with RDS A shares and RDS B shares traded on European markets, who moved to a T+2 settlement basis for trades in 2014, resulting in the same ex-dividend date for RDS A shares, RDS B shares, RDS A ADSs and RDS B ADSs. Record dates will not change. The timings of these in relation to the third quarter 2017 interim dividend are reflected above, resulting in a change to the ex-dividend date for the RDSA and RDS B ADSs from the timetable previously communicated on November 1, 2016. Note 2: Both a different scrip and 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. A different scrip election date may apply to registered and non-registered ADS holders. Registered ADS holders can contact The Bank of New York Mellon for the election deadline that applies. Non-registered ADS holders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Taxation - cash dividends 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. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016 (which has been formalised in law with effect from January 2017), and depending on their particular circumstances, non-Dutch resident shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax. As from 2018, Dutch and non-Dutch resident shareholders who are exempt from corporate income tax may elect for an exemption from Dutch dividend withholding tax instead of requesting a refund if tax was withheld. Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit was abolished, and a new tax free dividend allowance introduced. Dividend income in excess of the allowance is taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate. If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor. Royal Dutch Shell plc The Hague, November 2, 2017
Royal Dutch Shell share price data is direct from the London Stock Exchange
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