Shell Share Discussion Threads

[adg] 07/7/2021 08:38

Anybody seen any indication anywhere to what the potential “ shareholder distributions to within the range of 20% to 30% of cash flow from operations” actually would equate to as % change to dividends?

[tornado12] 07/7/2021 08:36

Good noises coming out of Shell today … RDS is back on the front foot ? This is a great opportunity for them to focus on balance sheet, give a growing return to SH and make good progress in balance green vs black gold. It’s a fine line but they must maintain the right balance to maintain the revenues and profitability. Quietly optimistic for complete turnaround by end of year and lots of cash flow to support their growth in transformation projects

[spud] 07/7/2021 08:26

Shell to Increase Shareholder DistributionsSource: Dow Jones NewsBy 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 at the second-quarter results announcement.The Anglo-Dutch oil energy major 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 of 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.spud

[xxxxxy] 07/7/2021 08:17

Oil giant Royal Dutch Shell has said it will hike payouts to shareholders amid the recovery in the global economy.The group said it plans to increase shareholder distributions to within the range of 20% to 30% of cash flow from operations, starting from its second quarter results announcement on July 29.It said the move comes on the back of a "strong operational and financial delivery, combined with an improved macro-economic outlook".Oil prices have been rebounding as demand for crude has begun to recover, with many countries now emerging out of coronavirus lockdowns thanks to vaccination programmes.Earlier this year, Shell reported a better-than-expected 13% rise in earnings for the first quarter after the cost of crude had jumped by nearly 50% since the end of last year.In its latest update, Shell also revealed that it expects to have further slashed its debt pile in its second quarter and will ditch its "milestone" 65 billion dollar (£47 billion) debt target, instead moving to goals including further strengthening of its balance sheet.The group had already reduced its net debt to 71.3 billion US dollars (£51.6 billion) in the first quarter and revealed at the time that it would increase the amount of money it distributes to shareholders when the debt target was reached.Shell added on Wednesday that 2021 capital spending will remain below 22 billion US dollars (£16 billion).The group said production is expected to fall across its integrated gas and upstream oil operations.It said upstream oil underlying earnings would see any boost from currency effects offset by higher spending on planned maintenance in the second quarter..... Yahoo Finance

[skinny] 07/7/2021 07:03

Strong cash generation supports additional shareholder distributions in the second half of 2021

The Hague, July 7, 2021 - As a result of strong operational and financial delivery, combined with an improved macro-economic outlook, Shell will move to the next phase of its capital allocation framework and, subject to final Board approval, increase total shareholder distributions to within the range of 20-30% of CFFO, starting at the Q2 results announcement. The level of additional distributions will be determined with full visibility of the Q2 financial results.

In the second quarter, Shell expects to have further reduced its net debt, although the extent of the reduction will be moderated by working capital movements. In conjunction with the increased distributions, Shell will retire its net debt milestone of $65 billion and will continue to target further strengthening of its balance sheet and AA credit metrics. 2021 cash capex will remain below $22 billion.

Shell second quarter 2021 update note

The following is an update to the second quarter 2021 outlook. The impacts presented here may vary from the actual results and are subject to finalisation of the second quarter 2021 results, which will be announced on July 29, 2021. Unless otherwise indicated, all outlook statements exclude identified items.

more.....

[xxxxxy] 07/7/2021 06:56

US oil hits seven-year high as Opec talks fall apartWest Texas crude hits highest level since late 2014, almost erasing the price gap with Brent - the European benchmarkByRachel Millard6 July 2021 • 4:53pmOil prices jumped to a seven-year high after the Opec cartel of major producers failed to agree how quickly to turn the taps back on as demand recovers from the pandemic.The US benchmark, West Texas Intermediate, rose to $76.91, its highest level since early November 2014, narrowing the gap with Brent crude which hit $77.84 - its highest since October 2018. Both then slipped as traders took profits, with Brent down $1.30 a barrel or 1.7pc to $75.86 in afternoon trading, while WTI fell back to $74.69..... Daily Telegraph

[badg] 06/7/2021 21:01

Don't understand this red day with OPECTalks delayed, no date; US energy use back to pre covid, oil price; we just can't seem to break the 14.50 but I feel once we do...chart looks good up and beyond 1800

[xxxxxy] 06/7/2021 18:53

Geoff Be6 Jul 2021 6:48PMIn 20 or so years we will look back at battery electric vehicles and utter those immortal words "What were we thinking of". There is no way it is going to work.Charging points inadequate, Power generation inadequate, lithium supplies inadequate, cost too high, battery life too short, recycling mountain of used batteries.New technology has to stand on its own feet, subsidising an inferior product and banning the hugely successful  internal combustion  engine design... all because of a fixation with a non existent climate emergency is just not right. ... Daily Telegraph

[grupo] 06/7/2021 18:50

John Kilduff says oil prices won't go to $100/barrel, targets $80-$85 instead
Jul. 06, 2021 11:39 AM ETCrude Oil Futures (CL1:COM)By: Brian Stewart, SA News Editor

[sarkasm] 06/7/2021 17:23

what a grey day for the oilies ETC


Bp
310.8 -4.15%



Royal Dutch Shell A
1,459.2 -2.07%


Royal Dutch Shell B
1,421.6 -1.99%

[la forge] 06/7/2021 12:14

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.

[xxxxxy] 06/7/2021 10:33

Oil prices rallied on Tuesday morning after an aborted meeting of the Organization of Petroleum Exporting Countries and its allies (OPEC+).Brent crude futures (BZ=F) moved 1.6% higher as markets opened in London to trade at $77.37. The move came in response to news that OPEC+ members were out of sync on production expectations. Cartel members had been due to meet on Monday to continue talks on future production but a disagreement between the UAE and Saudi Arabia over production cuts boiled over and the meeting was cancelled at the last minute."Some members of the group including Saudi Arabia had been hoping to increase production over the coming months, but the UAE had refused to agree and sought better terms that would change how its quota is calculated and allow it to produce more," Jim Reid, a strategist at Deutsch Bank, wrote in a morning note."At first glance a failure to agree supplies is bullish for prices. However too big a disagreement could eventually lead to unilateralism amongst OPEC+ members and maybe notably higher supply as they break ranks."OPEC+ decided to slash production by nearly 10 million barrels a day last year as demand tumbled at the start of COVID-19. Oil prices have risen 50% since the start of the year as the world has begun relaxing COVID-era restrictions. Oil prices hit a three year high overnight and now look like they could be heading towards the $80 mark. Naeem Aslam, chief market analyst at Avatrade, said some market speculators believe oil could reach $100-a-barrel thanks to the momentum of the economic recovery and successful vaccine programmes."We have small players like the UAE flexing their muscles and not agreeing to a supply cut," Aslam said. "This is a matter of concern. "For the time being, it doesn't look like that there may be a supply war, but oil traders must never forget the consequence of previous oil supply wars and the power that Saudi Arabia has in terms of its oil output production increase.".... Yahoo Finance

[waldron] 06/7/2021 09:43

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.

[skinny] 06/7/2021 08:50

Copied from the ITM thread :-

[adrian j boris] 05/7/2021 21:42

4INFO




Take from it what you wish

[husted] 05/7/2021 17:07

Adrian- oil jumped on news when usually there's a wee sell off post opec meetings (sell on the news).

So I think we may see a good week for share price

[adrian j boris] 05/7/2021 17:00

GOOD NEWS THANKS husted

PERHAPS WE MIGHT EXPECT a share price RISE TOMORROW

[husted] 05/7/2021 16:27

Opec+ meeting called off, no date for next meeting. Opec+ will continue with current quotas.

[adg] 05/7/2021 15:01

Thank you - that was a helpful link

Perhaps the way to look at it is that the A shares are seen as 3% safer than the B shares ?

[adrian j boris] 05/7/2021 12:21

Cheers Skinny


adg FWIW



Alot of mighr be come in to play

the changing make up of each company and currency impacts etc etc etc


Have a great day and week guys

Await the conclsion of the OPEC Fiasco