Shell Share Discussion Threads

[ariane] 11/12/2021 05:56

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Shell Oil is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, Shell Oil is holding a Forward P/E ratio of 8.78. This valuation marks a premium compared to its industry's average Forward P/E of 7.99.

It is also worth noting that RDS.A currently has a PEG ratio of 2.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. RDS.A's industry had an average PEG ratio of 0.71 as of yesterday's close.

[chiragmahe] 10/12/2021 18:38

hxxps://www.ad.nl/wonen/shell-directeur-zet-poepsjieke-villa-in-wassenaar-voor-6-5-miljoen-te-koop-voordat-hij-naar-londen-vertrekt~a3b78bfa/?referrer=hxxps%3A%2F%2Fwww.google.com%2F

[chiragmahe] 10/12/2021 18:36

Van Beurden listed his estate in Wassenaar, a posh suburb of The Hague, for sale with an asking price of 6.5 million euros ($7.35 million).

nice

[waldron] 10/12/2021 16:03

cheers skinny

take care

[skinny] 10/12/2021 13:32

.






Royal Dutch Shell PLC said Friday that its shareholders have approved the amendment of the group's articles of association to simplify its share structure and move the headquarters to the U.K.

The energy company last month proposed to collapse its current dual-share class and move its tax residency to the U.K. from the Netherlands.

Shell's plans also mean that the company will lose its 'Royal' designation, and that top executives will move to the U.K.

Since its unification in 2005, the oil-and-gas company has been incorporated in the U.K. with Dutch tax residence and an A/B dual share structure.

The resolution to approve the new articles of association was approved by 99.77% of shareholders at a general meeting.

Chairman Andrew Mackenzie said the company intends to proceed with the simplification as soon as practicable.

"The board believes that the simplification will strengthen Shell's competitiveness and accelerate both shareholder distributions and delivery of its strategy to become a net-zero emissions energy business by 2050, in step with society," he said.

One of the main benefits of ditching the dual-share class for Shell is that it will improve its ability to buy back shares. According to analysts at RBC and Jefferies, the single-share structure will increase the liquidity of the pool of shares available for buybacks, allowing the company to speed up this type of shareholder distribution.

Shares at 1240 GMT were up 0.6% at 1,679.2 pence.

[waldron] 10/12/2021 07:35

European stocks set for slightly lower open as markets track omicron, U.S. data

Published Fri, Dec 10 20212:12 AM EST

Elliot Smith
@ElliotSmithCNBC

Key Points

The U.S. Labor Department is set to release November’s consumer price index reading on Friday afternoon in Europe.

Markets have been reacting throughout the past couple of weeks to comments and research into the transmissibility and severity of the new omicron Covid-19 variant.

A host of economic data is due from the U.K., Germany, Italy and Spain before the bell.

LONDON — European markets are set for a tepid open on Friday as renewed concerns about the omicron Covid-19 variant continue to weigh, while investors await key U.S. inflation data later in the day.

Britain’s FTSE 100 is seen around 29 points lower at 7,292, Germany’s DAX is set to fall around 70 points to 15,569 and France’s CAC 40 is expected to shed around 30 points to 6,978, according to IG data.

[waldron] 10/12/2021 07:13

splash247.com

Shell makes another deep-water discovery in the Gulf of Mexico’s Blacktip North prospect

December 10, 2021
0 14 1 minute read


Shell Offshore, a subsidiary of Royal Dutch Shell, has found oil at the Blacktip North prospect, located in the Alaminos Canyon block 336 in the deep-water U.S. Gulf of Mexico.

The Blacktip North well encountered about 300 ft (91 m) net oil pay at multiple levels. It was drilled to a total depth of 27,770 ft (8,443 m).

Blacktip North is about 30 miles northeast of the Whale discovery, 4.5 miles northeast of the Blacktip discovery and 42 miles from the Perdido host.

Shell Offshore operates the Blacktip North prospect with an 89.49% interest. The other stakeholder is Repsol E&P USA, with a stake of 10.51%.

“The Blacktip North prospect is the latest example of discovering new resources in our advantaged corridors,” said Paul Goodfellow, Executive VP of Shell Deep Water. “Our strategic positions, like the Perdido Corridor, are at the heart of value creation in the Gulf of Mexico, and they represent an opportunity to use our existing infrastructure to unlock the full-value potential of our discoveries.”
Shell United States

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.

[waldron] 09/12/2021 06:32

European markets head for positive open as investors watch omicron and U.S. jobs data

Published Thu, Dec 9 20211:08 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open in positive territory on Thursday as investors continue to monitor developments around the omicron Covid variant and look ahead to key U.S. data.

The U.K.’s FTSE index is seen opening 15 points higher at 7,352, Germany’s DAX 25 points higher at 15,715, France’s CAC 40 up 14 points at 7,027 and Italy’s FTSE MIB 60 points higher at 26,784, according to data from IG.

[adrian j boris] 08/12/2021 18:15

JP Morgan Predicts The End Of Covid, A Strong Economy, And $125 Oil

By Tsvetana Paraskova - Dec 08, 2021, 12:00 PM CST

JP Morgan believes that things are looking up for the global economy next year and consumption will remain strong for years to come

The bank highlights inflation, the Chinese economy, and the transition from a pandemic to an endemic disease as the three economic factors to watch moving forward

This prediction for a vibrant economy supports the banks earlier claim that oil prices could hit $125 per barrel next year


Next year could lay the foundation for "a far more vibrant economic environment" and COVID transitioning from a pandemic to an endemic disease, JP Morgan said in its Outlook 2022, titled 'Preparing for a vibrant cycle.'

According to the investment bank, household net worth is at all-time highs in many developed countries, and excess savings are elevated. Consumption will likely be strong for years amid strong labor market conditions and the capacity to take on more debt, JP Morgan's strategists said in the report for 2022.

"Although we see clear potential for a more vibrant economic cycle, the environment is also fraught with cross-currents. We are confident the economic expansion will continue through 2022, but its strength will likely be determined by the monetary response to inflation, the relative success of Chinese policymakers in rebalancing their economy, and the pace of the transition from a pandemic to an endemic disease," the bank noted.

A vibrant economy means robust demand for oil, and JP Morgan even said last week that crude oil prices could soar to $125 per barrel in 2022 and $150 in 2023 due to OPEC's limited capacity to boost production.

The Omicron variant that has spooked markets over the past two weeks could be the beginning of the end of the pandemic, JP Morgan strategists Marko Kolanovic and Bram Kaplan wrote in a note last week, as carried by Bloomberg.

If the new variant turns out to be less deadly, it would fit the historical patterns of virus evolution. This would be bullish for risk markets as it could suggest the end of the pandemic is in sight, the strategists said.

Bill Gates also expressed optimism that the end of the pandemic could be in sight at some point next year.

"I am hopeful, though, that the end is finally in sight. It might be foolish to make another prediction, but I think the acute phase of the pandemic will come to a close some time in 2022," Gates wrote in his 'Year in Review' blog post on Tuesday.

By Tsvetana Paraskova for Oilprice.com

[waldron] 08/12/2021 17:19

Shell adds another deep-water discovery in the Perdido Corridor of the U.S. Gulf of Mexico


News provided by
Shell Offshore Inc.

Dec 08, 2021, 08:30 ET


HOUSTON, Dec. 8, 2021 /PRNewswire/ -- Shell Offshore Inc. ("Shell"), a subsidiary of Royal Dutch Shell plc, today announced a material discovery at the Blacktip North prospect in the U.S. Gulf of Mexico. The Blacktip North well encountered approximately 300 feet net oil pay at multiple levels. Evaluation is ongoing to further define development options.

"The Blacktip North prospect is the latest example of discovering new resources in our advantaged corridors," said Paul Goodfellow, Executive Vice President of Deep Water. "Our strategic positions, like the Perdido Corridor, are at the heart of value creation in the Gulf of Mexico, and they represent an opportunity to use our existing infrastructure to unlock the full-value potential of our discoveries."

Shell adds deep-water discovery in the U.S. Gulf of Mexico

Blacktip, Blacktip North, and our Leopard discoveries are all opportunities to increase production in the Perdido Corridor, where Shell's Great White, Silvertip and Tobago fields are already producing. Earlier this year, Shell announced a final investment decision for the Whale deep-water development, also located in the Perdido Corridor. Whale is part of our Gulf of Mexico portfolio, where our production is among the lowest greenhouse gas (GHG) intensity in the world for producing oil.

Blacktip North is located in OCS block Alaminos Canyon (AC) 336, approximately 4.5 miles northeast of the recently appraised Blacktip discovery, 25 miles northeast of the recently announced Leopard discovery, 30 miles northeast of the planned Whale host, and 42 miles from the Perdido host.

Shell's Powering Progress strategy to thrive through the energy transition includes increasing investment in lower-carbon energy solutions, while continuing to pursue the most energy-efficient and highest-return Upstream investments. We will support this strategy through Exploration by sustaining a strong pipeline of high-value, nearfield and core discoveries, complemented by highly selective frontier plays.

Notes to editors

The Blacktip North Discovery is ~220 miles SSE of Houston.

The Blacktip North well was drilled to a total measured depth of 27,770 feet.

Blacktip North is operated by Shell Offshore Inc (89.49%) and co-owned by Repsol E&P USA LLC (10.51%).

Shell began production in the Perdido Corridor at the Perdido Spar in 2010.

Shell is a leading operator in US Gulf of Mexico, with eight DW production hubs and a network of subsea infrastructure.

Shell is the largest deep-water lease holder in the US Gulf of Mexico with access to some of the most prolific acreage in the basin.

The reference to our U.S. Gulf of Mexico production being among the lowest GHG intensity in the world is a comparison among other IOGP oil and gas producing members.

[waldron] 08/12/2021 15:43

European gas futures soar as US weighs sanctions on Russia

8 Dec, 2021 14:50



The price of natural gas in Europe topped $1,150 per 1,000 cubic meters on Wednesday, or €99 per megawatt-hour in household terms, trading data shows. This comes as Russia, a major energy supplier, faces threats of US sanctions.

Overall, the cost of gas in Europe jumped more than 3% on Wednesday compared to the closing price the day before. The price growth comes as the United States and its European allies are weighing a range of sanctions targeting Russia’s financial system in the event of a military conflict with Ukraine. The Biden administration has previously accused Moscow of planning an invasion of Ukraine in January, which the Kremlin has rejected as “fake news.”


Europe has been struggling with gas shortages and skyrocketing prices for months now, with the situation peaking at nearly $2,000 per 1,000 cubic meters of gas in early October.

Some European politicians have accused Russia of withholding deliveries of natural gas amid the latest delays in the EU’s certification of the Nord Stream 2 pipeline.

Russia says it is meeting all its contractual obligations with European customers, pointing to under-filled European storage facilities and the start of the winter season as the main reasons for the price spike.

Russia’s Gazprom said earlier that it does not expect a noticeable drop in gas prices in Europe in the coming months, but that a price of around $1,000 per 1,000 cubic meters is not sustainable.

visit RT's business section

[spud] 08/12/2021 15:29

Personally not, but w.t.f.d.i.k?

spud

[adg] 08/12/2021 15:21

Do we think that a special dividend is actually going to materialise?

[geckotheglorious] 08/12/2021 11:19

Looking forward to the early New Year Special Divi.

:)

[xxxxxy] 08/12/2021 07:10

Business as usual. Would be a nice Christmas present.Just saying.

[waldron] 08/12/2021 06:07

European markets head for tepid open as investors digest omicron news

Published Wed, Dec 8 202112:33 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open modestly higher on Wednesday with investors continuing to digest the latest news around the new omicron Covid variant.

The U.K.’s FTSE index is seen opening 3 points higher at 7,344, Germany’s DAX 8 points higher at 15,827, France’s CAC 40 up 16 points at 7,076 and Italy’s FTSE MIB 23 points higher at 27,139, according to data from IG.

[xxxxxy] 07/12/2021 16:47

Gas prices across Europe have pushed higher after the US warned of "nuclear" sanctions against Russia if it invades Ukraine.US President Joe Biden is reportedly weighing up a string of tough measures, including blocking Russia's access to the Swift financial payments system or limiting its ability to convert rubles into dollars, euros or pounds.The threats, which came ahead of talks between President Biden and Russian counterpart Vladimir Putin on Tuesday, ratcheted up tensions and fuelled further concerns about the supply of gas to the continent.Benchmark Dutch gas prices rose 6.9pc, while the UK equivalent gained 6.7pc.... Daily Telegraph

[xxxxxy] 07/12/2021 12:36

11:56amAbandoning new oil and gas risks social unrest, warns Aramco chiefGlobal leaders risk unleashing social unrest unless they keep investing in fossil fuels, the boss of Saudi Arabia's state-owned oil company has warned, .My colleague Matt Oliver has more:Amin Nasser said attempting to switch to renewable energy "virtually overnight" would lead to soaring prices and erode public support for the changes."I understand that publicly admitting that oil and gas will play an essential and significant role during the transition and beyond will be hard for some," he told an industry conference in Texas."But admitting this reality will be far easier than dealing with energy insecurity, rampant inflation and social unrest as the prices become intolerably high, and seeing net-zero commitments by countries start to unravel. The world is facing an ever more chaotic energy transition centred on highly unrealistic scenarios and assumptions about the future of energy."Saudi Arabia relies heavily on hydrocarbon exports and has pledged to become carbon neutral by 2060. However, it cannot do so without continuing to pump out millions of barrels of oil for decades to come.Read Matt's full story here.... Daily Telegraph