Shell Share Discussion Threads

[xippy] 29/7/2021 22:22

Nice to see Shell are buying the B shares, these should be at a premium to the A shares as there is no 15% withholding tax on the Dividend for them Never could understand them sitting at a discount. SO that's why I held them as they are pari pasu apart from the tax aspect. I can see the B's rising more than the A's

[supermarky] 29/7/2021 16:59

Just looking at chart. 1500 area seems to be the ceiling. Looking for this to break and buy more

[pander45] 29/7/2021 09:55

And the new world only applies to countries that can afford it this change - the old world, with huge increasing populations, will be consuming oil for a very, very long time.

[heialex1] 29/7/2021 09:50

Agreed. Oil will be like tobacco... unloved, but great cash flow and dividends for many years to come.And for all the talk of a new world, it's worth remembering that unfortunately the world still consumes the best part of 100m barrels of oil a day...

[waldron] 29/7/2021 09:36

planit2
29 Jul '21 - 08:52 - 18026 of 18027

Good points but you might find that certain investors will not follow this trend,
even Norway will slow down changes as will the COPS follow

In the meantime, many will be looking forward to ever increasing dividend income

Others will not wish to forgoe such dividends

As always , time will tell

[bg23] 29/7/2021 08:59

The £2bn share buyback is approximately 1.75% of market cap.

Will Q3 provide a similarly large cashflow generation allowing huge debt reduction alongside green investments away from fossil fuels, dividends and additional buybacks?

Understanding the companies stance on debt reduction v shareholder returns may prove to be the catalyst for share price improvement in the medium term

[planit2] 29/7/2021 08:52

You are making the mistake of thinking rationally on just the financial metrics.

We live in a new world where fossil fuels are evil, pension funds and institutions are falling over themselves to put an ESG label on their portfolio. This means they can't buy RDS shares and also they need to sell any they already have.

Everyone needs to prepare themselves for the fact that this share won't reach 'fair value' anytime soon.
But the bigger the discount to 'fair value', the cheaper the share buybacks are and the higher the yield (from which you could buy more under priced shares).

Investors need to be looking at this compound profit affect and long term rather than the short term share price.(ie the more undervalued now, the faster the increase later)

[waldron] 29/7/2021 08:51

Royal Dutch Shell PLC on Thursday reported that its net profit fell in the second quarter from the prior period, and launched a $2.0 billion buyback.

The Anglo-Dutch energy company made a net profit of $3.43 billion for the three months to June, down from $5.66 billion in the first quarter. The group booked impairments of $1.8 billion and charges of $1.2 billion due to the fair value accounting of commodity derivatives.

However, adjusted earnings on a current cost of supply basis rose to $5.53 billion from $3.23 billion, beating a market consensus of $5.07 billion--taken from Vara Research and based on 21 analysts' estimates. The quarter-on-quarter increase reflected higher oil prices, one-off favorable tax impacts, higher marketing margins and lower operating expenses, the company said.

In addition, Shell said it will pay a dividend of 0.24 cents a share for the period, and launched a $2.0 billion share buyback, which is targeted to be completed by the end of 2021. This is part of Shell's commitment to increase shareholder distributions to 20%-30% of cash flow from operations, it said.

As for the third quarter of the year, Shell said that due to the impact of maintenance activities, integrated gas production will average 870,000-920,000 oil-equivalent barrels per day, with LNG liquefaction volumes totaling 7.4 million-8.0 million metric tons over the three months. Upstream production is forecast at 2.10 million-2.25 million oil-equivalent barrels per day.

Refinery utilization is seen at 73%-81%, and sales volumes of oil products are projected at between 4.3 million and 5.3 million barrels per day.

As for chemicals, plant utilization is expected at 77%-85%, with sales volumes of 3.6 million-3.9 million tons.

Shares at 0703 were up 2.7% at 1,443.2 pence.



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



(END) Dow Jones Newswires

July 29, 2021 03:20 ET (07:20 GMT)

[spud] 29/7/2021 08:50

Shell 2Q Net Profit Fell QoQ, Launches $2 Billion Buyback -- UpdateSource: Dow Jones NewsBy Jaime Llinares Taboada Royal Dutch Shell PLC on Thursday reported that its net profit fell in the second quarter from the prior period, and launched a $2.0 billion buyback.The Anglo-Dutch energy company made a net profit of $3.43 billion for the three months to June, down from $5.66 billion in the first quarter. The group booked impairments of $1.8 billion and charges of $1.2 billion due to the fair value accounting of commodity derivatives.However, adjusted earnings on a current cost of supply basis rose to $5.53 billion from $3.23 billion, beating a market consensus of $5.07 billion--taken from Vara Research and based on 21 analysts' estimates. The quarter-on-quarter increase reflected higher oil prices, one-off favorable tax impacts, higher marketing margins and lower operating expenses, the company said.In addition, Shell said it will pay a dividend of 0.24 cents a share for the period, and launched a $2.0 billion share buyback, which is targeted to be completed by the end of 2021. This is part of Shell's commitment to increase shareholder distributions to 20%-30% of cash flow from operations, it said.As for the third quarter of the year, Shell said that due to the impact of maintenance activities, integrated gas production will average 870,000-920,000 oil-equivalent barrels per day, with LNG liquefaction volumes totaling 7.4 million-8.0 million metric tons over the three months. Upstream production is forecast at 2.10 million-2.25 million oil-equivalent barrels per day.Refinery utilization is seen at 73%-81%, and sales volumes of oil products are projected at between 4.3 million and 5.3 million barrels per day.As for chemicals, plant utilization is expected at 77%-85%, with sales volumes of 3.6 million-3.9 million tons.Shares at 0703 were up 2.7% at 1,443.2 pencespud

[spud] 29/7/2021 08:49

Stronger Energy Prices Boosted Shell's Earnings in 2Q -- Commodity CommentSource: Dow Jones NewsBy Jaime Llinares Taboada Shell on Thursday reported that its adjusted earnings rose in the second quarter. Here's what the oil-and-gas major had to say: On Integrated Gas "Compared with the first quarter 2021, Integrated Gas Adjusted Earnings primarily reflected higher realized prices for LNG, oil and gas, lower comparative operating expenses due to credit provisions in the first quarter 2021 and favorable deferred tax movements." "Compared with the first quarter 2021, total oil and gas production decreased by 3% mainly due to higher maintenance activities and field decline, partly offset by production sharing contract effects." "LNG liquefaction volumes decreased by 8% due to higher maintenance activities and feedgas constraints." On Upstream: "Compared with the first quarter 2021, Upstream Adjusted Earnings reflected higher realized oil prices, and the one-off release of a tax provision in Nigeria of $628 million." "Compared with the first quarter 2021, total production decreased by 8%, mainly due to unfavorable seasonal effects and higher maintenance activities." On oil products: "Compared with the first quarter 2021, Oil Products Adjusted Earnings reflected higher Retail margins, and higher contributions from trading and optimization, partly offset by higher operating expenses driven by recovery in sales volumes." "Oil Products sales volumes increased due to higher demand and favorable seasonal effects." "Refining & Trading Adjusted Earnings reflected higher realized refining margins (while Refining Adjusted Earnings still being negative), higher contributions from trading and optimization and lower depreciation." "Marketing Adjusted Earnings reflected higher Retail margins partly offset by higher operating expenses driven by recovery in sales volumes." On Chemicals: "Compared with the first quarter 2021, Chemicals Adjusted Earnings reflected higher base chemicals margins, partly offset by lower intermediate margins, and higher operating expenses due to maintenance phasing." "Chemicals manufacturing plant utilization was 82% compared with 79% in the first quarter 2021, due to lower unplanned downtime." On 3Q outlook: "Due to the impact of maintenance activities, Integrated Gas production is expected to be approximately 870 - 920 thousand boe/d and LNG liquefaction volumes are expected to be approximately 7.4 - 8.0 million [metric] tons." "Upstream production is expected to be approximately 2,100 - 2,250 thousand boe/d." "Refinery utilization is expected to be approximately 73% - 81%." "Oil Products sales volumes are expected to be approximately 4,300 - 5,300 thousand b/d." "Chemicals manufacturing plant utilization is expected to be approximately 77% - 85%." "Chemicals sales volumes are expected to be approximately 3,600 - 3,900 thousand tons." "Corporate Adjusted Earnings are expected to be a net expense of approximately $600 - $700 million in the third quarter 2021 and a net expense of approximately $2,300 - $2,600 million for the full year 2021."spud

[fhmktg] 29/7/2021 08:46

xxxxy,AgreeYesterday's announcement of the investment in Sheffield Forgemasters underpins the potential for modular reactors.The 'nationalisation' was said to protect our nuclear sub programme- they forge the core container for the subs and potentially for mini commercial reactors.

[lammergeier] 29/7/2021 08:35

The share price is still £10 down on its 2 year high,the results today should start a new bull

run for the grossly oversold shares helped by the increased dividend and buybacks.

Its about time the Instituitions backed the company instead of lending out their

shares to the shorting brigade-onwards and upwards!!

[waldron] 29/7/2021 07:49

OUTLOOK FOR THE THIRD QUARTER 2021

As a result of the COVID-19 pandemic, there continues to be significant uncertainty surrounding how quickly macroeconomic conditions will recover, and the associated impacts on demand for oil, gas and related products. The third quarter 2021 outlook provides ranges for operational and financial metrics based on current expectations, but these are subject to change in the light of evolving market conditions. Due to demand or regulatory requirements and/or constraints in infrastructure, Shell may need to take measures to curtail or reduce oil and/or gas production, LNG liquefaction as well as utilisation of refining and chemicals plants and similarly sales volumes could be impacted. Such measures will likely have a variety of impacts on our operational and financial metrics.

Due to the impact of maintenance activities, Integrated Gas production is expected to be approximately 870 - 920 thousand boe/d and LNG liquefaction volumes are expected to be approximately 7.4 - 8.0 million tonnes.

Upstream production is expected to be approximately 2,100 - 2,250 thousand boe/d.

Refinery utilisation is expected to be approximately 73% - 81%.

Oil Products sales volumes are expected to be approximately 4,300 - 5,300 thousand b/d.

Chemicals manufacturing plant utilisation is expected to be approximately 77% - 85%.

Chemicals sales volumes are expected to be approximately 3,600 - 3,900 thousand tonnes.

Corporate Adjusted Earnings are expected to be a net expense of approximately $600 - $700 million in the third quarter 2021 and a net expense of approximately $2,300 - $2,600 million for the full year 2021. This excludes the impact of currency exchange rate effects.

[waldron] 29/7/2021 07:38

The Hague, July 29, 2021 - The Board of Royal Dutch Shell plc ("RDS" or the "Company") today announced an interim dividend in respect of the second quarter of 2021 of US$ 0.24 per A ordinary share ("A Share") and B ordinary share ("B Share").

Chair of the Board of Royal Dutch Shell, Sir Andrew Mackenzie commented: "Shell's proven and sustainable cash generation across a range of macroeconomic scenarios has provided the Board confidence to increase shareholder distributions. As a result, the Board has decided to rebase the dividend per share to 24 US cents from the second quarter 2021 onwards."

Details relating to the second quarter 2021 interim dividend


Per ordinary share Q2 2021
RDS A Shares (US$) 0.24
RDS B Shares (US$) 0.24


It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism and will have a UK source for UK and Dutch tax purposes.

Cash dividends on A Shares will be paid, by default, in euros, although holders of A Shares will be able to elect to receive dividends in US dollars or 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 US dollars or euros.

The pound sterling and euro equivalent dividend payments will be announced on September 6, 2021.


Per ADS Q2 2021
RDS A ADSs (US$) 0.48
RDS B ADSs (US$) 0.48


Cash dividends on American Depository Shares ("ADSs") will be paid, by default, in US dollars.

RDS A and B ADSs are listed on the New York Stock Exchange under the symbols RDS.A and RDS.B, respectively. 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. ADSs are evidenced by an American Depositary Receipt (ADR) certificate. In many cases the terms ADR and ADS are used interchangeably.

Dividend timetable for the second quarter 2021 interim dividend


Event Date
Announcement date July 29, 2021

Ex- Dividend Date for ADS.A and ADS.B August 12, 2021

Ex- Dividend Date for RDS A and RDS B August 12, 2021

Record date August 13, 2021

Closing of currency election date (see Note August 27, 2021
below)
Pound sterling and euro equivalents announcement September 6, 2021
date
Payment date September 20, 2021


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.

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. 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.

Dividend Reinvestment Programmes ("DRIP")

The following organisations operate Dividend Reinvestment Plans ("DRIPs") which enable RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them:

-- Equiniti Financial Services Limited ("EFSL"), for those holding shares
(a) directly on the register as certificate holder or as CREST Member and
(b) via the Nominee Service;

-- ABN-AMRO NV ("ABN") for Financial Intermediaries holding A shares or B
shares via Euroclear Nederland;

-- JPMorgan Chase Bank, N.A. ("JPM") for holders of A and B American
Depository Shares;

and

-- Other DRIPs may also be available from the intermediary through which
investors hold their shares.

Such organisations provide their DRIPs fully on their account and not on behalf of Royal Dutch Shell plc. Interested parties should contact DRIP Offerors directly.

More information can be found at

To be eligible for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections.






(END) Dow Jones Newswires

[the white house] 29/7/2021 07:32

Remarkable results, free cash flow of 9.6bn for a single quarter is scarcely believable Debt levels down to target, now retiredDivvi jumped up and more to come in future in things continue2bn buyback starts todayThings looking a lot brighter and given 1/3 of next Q at raised levels, gives a growing of confidence for the future

[tornado12] 29/7/2021 07:24

Great news about the divi increase. This is at least more reasonable position and should lite the fuse also on the current SP

[waldron] 29/7/2021 07:22

European markets set for muted open as investors react to earnings, Fed decision

Published Thu, Jul 29 20212:04 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

Thursday’s European trading session will be guided by another bumper day for corporate earnings. Credit Suisse, Shell, Total, Volkswagen and Airbus are just some of the big names reporting results.

Fed Chairman Jerome Powell cautioned in a press conference Wednesday that although the U.S. economy has made progress, it still has some way to go before the central bank would look to tighten its accommodative monetary policy stance.

LONDON — European stocks are set for a quiet open as investors digest a fresh round of major corporate earnings and the U.S. Federal Reserve’s reiteration of its dovish policy stance.

Britain’s FTSE 100 is set to open around 6 points lower at 7,011, Germany’s DAX is seen around 29 points lower at 15,541 and France’s CAC 40 is expected to drop around 7 points to 6,602, according to IG data.

[chiefbrody] 29/7/2021 07:09

40% div increase. Now back to half of its pre Covid totals.

[rigsby68] 28/7/2021 22:37

fingers crossed for good news

[chiefbrody] 28/7/2021 17:17

100% Div increase. Lets see how much i'll be disappointed by..

[the white house] 28/7/2021 16:24

Strong ahead of huge divvi hike....

[waldron] 28/7/2021 16:22

marmar80
28 Jul '21 - 15:42 - 18009 of 18009
0 0 0
"Crude Inventory Fell 4.1 Million Barrels Last Week: EIA"