Shell Share Discussion Threads

[husted] 08/7/2021 11:35

I have reservations about how Shell can make money on street electricity charging too.

But you need to use the Ubricity app, to get access to electricity at their charge points.

Or Ubricity offer a propriety cable to plug in. This could be nicked, but it's a smart cable, shouldn't be difficult to track them:



Not sure how you stop someone just vandalising them though.

[the white house] 08/7/2021 10:55

Not foolproof, when charging cables full of copper are now being (easily) nicked in their hundreds with a resale value of 200 notes...

[waldron] 08/7/2021 10:50

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.)

[the white house] 08/7/2021 10:49

Correct re debt, Lex is ignorant and lets us see it. Bizarre

[xxnjr] 08/7/2021 09:37

This is how they do it in Brazil. Zero charge electricity.

[husted] 08/7/2021 00:03

I like Ubricity (Shell company) solution to electric car charging.

The idea is you just plug in your car to a lamp post. Install takes 30 mins and no need to dig up road or put in new street furniture.

However there's a problem in getting enough power to all the lamp posts. And problem for Shell/Ubricity maybe is that it's all a bit too simple. Why do councils need to go to Shell for lamppost charging when the tech is simple?

[husted] 07/7/2021 23:35

I thought its obvious that reason why they are retiring the $65 billion target is because it's been met. Although they can't say by how much they've beat the target until results are finalized, so they'll announce that on July 29th.

Net debt was $71B at end of Q1 of this year from $75B end of previous quarter , so end of Q2 is putting debt below $65 B.

[husted] 07/7/2021 23:28

I think they'll keep buying back shares until they've bought back all the shares they issued to buy BG. I'm not sure whether this has happened yet, but I don't think so and I believe that was the promise.

So just hypothetical numbers for simplicity:

- Say Shell issued shares at £23 to buy BG.
- And say they pay £1 per share every year in dividends.
- And say they buy back those shares at average of £25.

That's a loss of £2 per share on buy back, but after two years they break even because they don't have to pay divi on all those bought back and cancelled shares.

[xxnjr] 07/7/2021 22:59

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."

[chiefbrody] 07/7/2021 22:53

50-100% increase please. Stuff the buybacks.

[la forge] 07/7/2021 22:43

Huge Dividend increase, Please Sir



Roll on months end

[chiefbrody] 07/7/2021 21:09

Yeh I'm just wondering what the last buyback did for the share price Most buybacks I'm aware of do didnt squat. I'd rather have a big div increase

[dartboard1] 07/7/2021 20:52

Didn't say it was preferable, but they didn't say dividend... they said distribution

[chiefbrody] 07/7/2021 20:48

What did the last buyback do to the SP? Can't remember now too long ago.

[dartboard1] 07/7/2021 20:35

Could be in form of buyback, institutions will probably push for that rather than divi ... more tax effective

[tornado12] 07/7/2021 20:25

Expecting divi increase at Q2 results. The 20-30% return to SH should be in region of 8-12B$ so supports an increase

[grupo guitarlumber] 07/7/2021 12:05

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.

[planit2] 07/7/2021 10:50

I didn't like the update, disappointing their trading unit managed to screw up again. The worst thing is the tone, sounds like the company has given up.

I really hope BP one reads better.

[the white house] 07/7/2021 10:35

Good surprise pre updateGreat to see focus on divvi increases going forward and NO mention of buybacks which did diddly squat last timeNice to see debt being retired, nice (as Brucie might say)Astonishing stats in refining highlighted ; the Q levels now vs past and hopefully future are hugeTurning pointNever sell Shell

[tornado12] 07/7/2021 10:04

My take is all CEO in big oil having torrid time between demand, price and the woke pressure. It really a changing playing field that’s accelerating and has caught out these companies. Ben I believe is doing a good job, but sure he can and must do better after whopping 67% cut in divi. This really was and is a game changer for this company. I think they will grow the divi by more than 4% YoY but on already a low basis point so looks good on paper but to reach 4-5% on a share price expected to get back to 18-20£ range how long will that take ? A lot of issues in play , but I still believe in the BOD

[adg] 07/7/2021 09:39

I am in the industry. A year ago I had an innovative idea to boost cashflow for a company like bp/Shell that have both upstream and downstream business units,
I wrote directly to Ben at Shell and also I wrote to Bernard at bp

Had a response within 3 days from Bernard and that subsequently led to a number of calls, emails and several meetings/teams with his 2nd IC, then subsequently head of marketing worldwide and head of fuels in Europe.

Despite a few prompts, from Shell I heard the square root of SFA! Very disappointing considering the situation at that time.

[xxnjr] 07/7/2021 09:05

Doubt if many will agree but reckon it's time for new management here. Ben is looking a bit worn out these days. He massively overpaid for BG without any adjustment for lower OP between deal announcement and completion. BG assets good but saddled the company with too much debt. Then today we have

"Trading and optimisation results are expected to be significantly below average and similar to the first quarter 2021."

What on earth is going on there? T&O used to be the star of the show and envy of every other oil company when BG ran it. Presume all the clever guys left when Shell constrained the ability of clever traders to trade?

Shell also exited their 50% position in Stabroek Guyana for zero dollars loosing out on 4.5bn bbls net and counting of new discoveries.

Shell have a muddled strategy on electrification/ESG. Maybe just me but when Ben talks about it I get kind of confused as to the direction of travel.

If Patrick P of Total had been running Shell the company would probably have performed much better over last 5 yrs. Just IMO.

[planit2] 07/7/2021 09:03

I assumed they were talking about share buybacks, the dividends might not move much but the decision will be made between now and the results.