Shell Share Discussion Threads

[partenope] 31/10/2021 13:01

thanks Crafty, just want to focus on the stock and issues in the industry. Hope this particular post isn't going against that. It's from today's Sunday Telegraph, a strong buy recommendation on BP. Shell is mentioned and indeed the reasons given apply to Shell as much as BP.

[kelso29] 31/10/2021 11:05

All my mates want more global warming, its too cold here in Uk

[xtomo] 31/10/2021 10:44

Lippy.. I'm from exactly the same background. My Dad dug the garden to grow veg n spuds and had 2 jobs. My business experience showed me that the people who could least afford it spent their cash on scratchcards, cigs and fancy phones.. and don't mention the T shirts with Brandnames on. And they castigate us for having it "easy!" ?

[acsatix] 31/10/2021 09:04

The CO2 legend is not even a thing. Please read hxxp://aoi.com.au/bcw/Greenzilla/index.htm

[loganair] 31/10/2021 08:30

Right On lippy

[sarkasm] 30/10/2021 22:00

Oil Majors Won’t Come Running to Help World Facing Energy Crunch

Kevin Crowley and Laura Hurst, Bloomberg News

(Bloomberg) -- The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter.

Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the most part, they’ll spend their windfall profits on share buybacks and dividends. Capital expenditures will rise next year, but the increases come off 2021’s exceptionally low base and within frameworks established before the recent surge in fossil-fuel prices.

It’s a step-change from previous energy rallies, such the early 2010s when emerging U.S. shale plays and fears over fossil fuel shortages prompted a massive upswing in capital spending. That boom ended painfully for the industry, with overproduction and a lack of cost control. This time around, Big Oil appears content to take the cash and hand it over to shareholders, who are both weary of poor returns over the last decade and concerned about the companies’ significant climate risk.

“It’s not so long ago they got creamed by prices collapses so it’s not surprising they’re a bit gun shy on capex,” said Stewart Glickman, a New York-based analyst at CFRA Research. “It’s almost like they’re stuck between two extreme populations — the ESG crowd and cash-flow hungry shareholders.”

Producers can satisfy both groups by simply not ramping up spending on fossil fuels. But that’s bad portent for consumers crying out for more supply. Europe and Asia are currently competing for natural gas, sending prices to record levels, while the U.S. and India have asked OPEC+ to produce more oil. China has called on state-owned companies to secure energy supplies at any cost.

Chevron is perhaps the best example of a company turning away from the punch bowl. The California-based oil giant generated the most free cash flow in its 142-year history during the third quarter but intends to keep capital spending 20% below pre-Covid levels next year while increasing share buybacks. Its 2022 capital budget will come in at the low-end of its $15 billion to $17 billion range, according to Chief Financial Officer Pierre Breber, some 60% below 2014 levels.

Low-Carbon Pivot

“Over time the vast majority of the excess cash will return to shareholders in the form of higher dividends and the buyback,” he said Friday on a conference call with analysts.

Even Exxon, until last year the poster child for doubling down on fossil fuels, is now more reticent with its cash. The Texas-based energy giant announced a surprise stock buyback Friday and locked in long-term annual spending in the low $20 billion range, a cut of more than 30% from before the pandemic.

Furthermore, almost 15% of Exxon’s budget will go toward low-carbon investments, a significant departure from its previous strategy and just months after activist investor Engine No. 1 persuaded investors to replace a quarter of its board. The clean energy spending provides “optionality and builds resiliency into our plans,” CEO Darren Woods said.

Shell -- which faces pressure from an activist investor as well after Dan Loeb’s Third Point LLC revealed this week it took a stake in the company -- is even more reluctant about spending on its traditional oil business. Less than half of its capital spending will go toward oil, with the bulk directed at gas, renewables and power.

“We will not double down on fossil fuels,” Shell CEO Ben Van Beurden said this week.

[lippy4] 30/10/2021 20:54

xtomo

what i stated in that post was my upbringing it was a true story..

not like the poor people today who have every thing..

[lippy4] 30/10/2021 20:50

the swiss have had a vote on a green reform of their economy and rejected it,so sensible...

[xxxxxy] 30/10/2021 20:05

Nigel Farage@Nigel_FarageA new poll says the British public want a referendum on Boris Johnson's new plans for higher green taxes. This could well be my latest campaign..

[xxxxxy] 30/10/2021 19:58

Reform Party..... But they must offer a Referendum on Green Policy.

[xxxxxy] 30/10/2021 19:57

Mr Someonesomewhere30 Oct 2021 6:13PMThis Net Zero politics policy is designed to punish ordinary people with no obvious gain as we only contribute 1% of global CO2....We need a new set of politicians that actually care about their voters..... Daily Telegraph

[pvb] 30/10/2021 19:45

...Too much "Daily Telegraph"! LOL.

[xxxxxy] 30/10/2021 19:42

See all BusinessCOMMENTDon't be fooled: a cost-free energy transition is just magical thinkingThe monumental struggle to go green will result in the burden falling on low and middle income earnersJEREMY WARNER30 October 2021 • 12:00pm?From one big set piece event, the Budget, to the next, Cop26, which kicks off this week in Glasgow. At the time of writing, hopes of the breakthrough that is thought to be needed to limit global warming to the UN determined ceiling of no more than 1.5 degrees were not high.UK officials have been decidedly downbeat about the chances in recent weeks, with both China and India refusing to commit to what's deemed necessary. This may be just clever expectation management, all the better to surprise us with when the rabbit is miraculously pulled from the hat.But for now, things do not look at all promising, with China's Xi Jinping refusing even to attend the conference; that may say more about rising tensions with the United States than his lack of commitment to climate change goals. The geopolitical standoff shows unnerving signs of seriously derailing any cooperation there might have been on emissions.... Daily Telegraph

[xxxxxy] 30/10/2021 19:40

This article has shown a real disconnect between the people and the elite. Not surprising, but shocking to see it being accepted at this level of journalism. But the article is of value in showing this massive disconnect. This highlights a need to do something.For those wanting to bring change, go to the Reform Party site and fill in an email for your ideas. They are asking. The consideration of a Referendum about Green Policy could be made in numbers to give Push to this matter.Its about our children and grandchildren and values in the end.Let's STOP this Orwellian drift.A Referendum differentiates Reform Party from the Con/Labour axis.

[xxxxxy] 30/10/2021 19:38

Gareth Roberts30 Oct 2021 12:23PMNet zero will wreck the economy. We can't eliminate gas from electricity generation until we can store electricity on a far greater scale than at present. We can't eliminate the diesel engine for the foreseeable future.We are now dependent on the governments of China and India to convince Boris that Net Zero is completely pointless.There is already a mountain of evidence showing that the climate scientists have overestimated the effect of CO2 by at least a factor of three, but I don't expect anyone in Westminster to be capable of reading and understanding plain English.64LikeReplyanthony bucknole30 Oct 2021 2:15PMWe are now living in a one party state. This government is ignoring the wishes of the electorate.If we had a referendum on net zero, this govt would lose.Our sacrifice will make absolutely no difference to the climate.Boris is taking the Tory party down the road to oblivion.48LikeReplyPete Smith30 Oct 2021 2:16PM@anthony bucknole"This government is ignoring the wishes of the electorate."The wishes of the electorate were never a consideration. Politicians carry the public down the policy pathway of their own determination, they do not represent the will of the people.... Daily Telegraph

[lippy4] 30/10/2021 18:40

dont forget in the sixties they were telling us we were heading for another ice age..

the planet will do what the planet will do and the only thing that mankind has done badly to the planet in my life time is to deforest it with some countries like paraguay losing 2 thirds of its forests and south america and asia cutting down trees so fast you would need to replant at thousands a day to keep up..

these forests use co2 so taking it out of the atmosphere,every one seems to think they are not important as i always argue against tree removal in the world especially rain forests ..

[craftyale] 30/10/2021 18:33

Thanks for starting this thread. The other one isn't about RDSB anymore. Cheers.

[pvb] 30/10/2021 18:30

Pensioner2 30 Oct '21 - 07:53 - 18951 of 18969

pvb is a hysterical climate fanatic best filtered.

Ah. The universal 'answer' of all Deniers, everywhere!

[lippy4] 30/10/2021 18:26

yes in australia the greens have stopped normal management of many forests with devastating results,i remember canberra a few years ago when the fuel load in the forest was not dealt with and a lightning strike set it alight and 500 homes were lost..

the recent many fires are the same reason it gets out of control,i remember a farmer being fined nearly a 100,000 dollars for cutting back the bush to a safe distance from his property,the fires came through and his house was the only one left standing..

[sarkasm] 30/10/2021 18:08

i guess we are all concerned as to changes nearer to home thus the reference to looking out of the window

i choose an area less affected by floods ,droughts and extreme weather although forecasters get it wrong on the day but may be excused as we seem to have a micro climate

One however should be wary of climate extremes

Perhaps not in my location but others might be hit hard as can be seen with violent
weather conditions hitting insurance companies not to mention an extreme incidence during the hurricane affectind SHELLS profits

[loganair] 30/10/2021 17:58

Fires, floods, famine, migration same for humanity since humanity came into being, so no change there over the past many thousands of years.

Many Forest fires these days are being caused by bad forest management. As the deputy head of the USA forest service said the environmentalist are not allowing them to properly manage the forests and actually take the forest service to court when ever they actively try to properly manage the forest and park lands in the USA.

As for Australia, known as the land of fires, floods and droughts - so again no change there.

[spawny100] 30/10/2021 17:34

Nope can't see any of that out of my window kkclimber. Must be local to you.

[kkclimber56] 30/10/2021 17:29

Fires, floods,famine,migration.Forget the science. Just look out of the window