Shell Share Discussion Threads

[watfordhornet] 23/3/2020 19:49

Putin must be loving this. Trump must be squirming - can't get his package signed off and his oil companies going down panCan't see the US signing off for few days to make him squirm more

[badtime] 23/3/2020 19:49

It was still funny

[waldron] 23/3/2020 19:47

Dow falls 800 points after coronavirus stimulus bill fails in Senate once again
Published Sun, Mar 22 20206:04 PM EDTUpdated 17 min ago
Fred Imbert
@foimbert

[waldron] 23/3/2020 19:28

As long as you have fun and enjoy investing who cares

you cannot take it with you

my son will i am sure be a wealthy man, even a man of property at these lowly prices


buy now pay later


chuckle and cheers

[fjgooner] 23/3/2020 19:18

Cheers montyhedge.

Good luck with your Shell investment - I hope that it works out better for you than it did for me.

I recalculated my average over the weekend and it is £15.17 including dividend income over the years.

So it's really not worked out for me after all, has it? Oh well - that's just how the proverbial cookie crumbles I guess. And, in this challenging climate, I won't grumble about crumble.

At least I can take some solace that it took a global pandemic to prove that I am a Muppet investor.

I'll try to do better next time.

All the best,

FJ

[waldron] 23/3/2020 17:38

Brent Crude Oil NYMEX 28.82 -0.62%
Gasoline NYMEX 0.54 -13.55%
Natural Gas NYMEX 1.68 +0.30%
WTI 22.505 USD +4.24%


FTSE 100
4,993.89 -3.79%
Dow Jones
18,856.46 -1.66%
CAC 40
3,914.31 -3.32%
SBF 120
3,082.31 -3.57%
Euro STOXX 50
2,485.54 -1.81%
DAX
8,741.15 -2.10%
Ftse Mib
15,624.24 -0.68%



Eni
7.287 -0.08%



Total
26.5 +6.00%

Engie
9.766 -6.14%



Bp
256.9 +2.07%

Vodafone
110.2 -2.06%

Royal Dutch Shell A
1,127.4 +6.14%

Royal Dutch Shell B
1,067.6 +3.29%

[montyhedge] 23/3/2020 16:04

Glad you can see the funny side, good on you Fjgooner

[montyhedge] 23/3/2020 15:56

What's fj gooner laughing about he paid 2250p then another batch at 1875p,I paid 998p this morning.

[montyhedge] 23/3/2020 15:54

Good day boys.

[w1ndjammer] 23/3/2020 15:42

Anyone know what the FCA thinking is, getting this on a few stocks today...



AA plc was intending to release its preliminary results on 31 March 2020. However, in light of COVID-19, the FCA has strongly requested that all listed companies observe a moratorium on the publication of preliminary financial statements for at least two weeks from today's date. Despite our state of readiness to report, AA plc will be observing this moratorium and instead intends to provide a trading update on 31 March 2020.


WJ.

[badtime] 23/3/2020 15:19

Love it ...humour a much welcomed ingredient

[fjgooner] 23/3/2020 13:19

The world's gone mad.

I can take global economic meltdown, a once-in-a-lifetime pandemic, painful social distancing measures and sadly mass deaths building every day ...

.. but montyhedge ramping Shell ?

It's all too much to take.

[montyhedge] 23/3/2020 13:03

2015 oil $26 and they paid, what's the problem, now buybacks finished.

[panshanger1] 23/3/2020 13:00

Think the dividend is safe here for the time being.Following the moves today they have given themselves some extra headroom.Don't think there'll be any political interference given how widely held this is amongst pension funds etc Of course if a recession becomes a depression that's a different matter.Always have in my mind that it's not been cut since WW2 too !!

[sarkasm] 23/3/2020 12:45

Frank Prenesti
Sharecast News
23 Mar, 2020 07:11 23 Mar, 2020 12:28
Shell in plan to save $10bn as Covid-19, oil price crash bite

Shell said it was cutting capital expenditure, underlying operating costs and postponing the next phase of its share buyback to save $10bn in the face of the Covid-19 pandemic.
Royal Dutch Shell 'A'
1,126.60
12:24:37 23/03/20
0.71%
66.20
FTSE 100
5,123.56
12:28:57 23/03/20
-1.12%
-58.25
FTSE 350
2,831.58
12:28:57 23/03/20
-1.38%
-39.55
FTSE All-Share
2,790.63
12:28:57 23/03/20
-1.50%
-42.61

The oil giant said it would cut underlying operating costs by $3bn - $4bn a year over the next 12 months compared to 2019 levels and reduce cash capital expenditure to $20bn or below for 2020 from a planned level of around $25bn. Shelving the share buyback would save anther $1bn.

“Together, these initiatives are expected to contribute $8bn - $9bn of free cash flow on a pre-tax basis. Shell is still committed to its divestment programme of more than $10bn of assets in 2019-20 but timing depends on market conditions.”

Chief executive Ben van Beurden said he was “taking immediate steps to ensure the financial strength and resilience of our business”. Covid-19 has led to a slump in the demand for oil, particularly in the aviation industry exacerbated by the oil price war between Saudi Arabia and Russia.

“The combination of steeply falling oil demand and rapidly increasing supply may be unique, but Shell has weathered market volatility many times in the past.”

Brent crude was trading almost 5% lower at less than $26 a barrel on Monday. Shell launched a $25bn share buyback to offset dilution from shares issued during the 2016 takeover of BG Group as well as shares issued as dividend payments after the last oil price crash of 2014 -16.

Hargreaves Lansdown analyst Nicholas Hyett said the company could come under pressure to put aside its " totemic dividend policy".

"However some shareholder returns have already proven less than sacrosanct, with the share buyback suspended. If we’re in a new era of sustained sub-$40 oil then the dividend could yet become a burden that’s too much to bear," he said..

"That’s the rub for Shell investors. The group’s taking emergency action to protect cash flow in the short term, but the influence of the oil price means its future is largely out of its hands. There’s no knowing exactly how long the toxic combination of increased global supply and falling demand will last.”

[sarkasm] 23/3/2020 12:30

Companies Race for Cash in Coronavirus Crisis
23/03/2020 11:21am
Dow Jones News

Royal Dutch Shell (LSE:RDSB)
Intraday Stock Chart

Today : Monday 23 March 2020
Click Here for more Royal Dutch Shell Charts.

By Sarah McFarlane and Benjamin Katz

As the coronavirus outbreak looks to extend, some of the world's biggest and best-capitalized companies are racing for cash.

Airbus SE and Royal Dutch Shell PLC joined in the scramble of companies Monday that are slashing costs, shelving buybacks, or cutting dividends and asking banks to extend credit.

In response to the coronavirus's rapid spread around the world, retailers have closed storefronts, and companies in other industries have directed employees to work from home. Manufacturers have closed plants, and hoteliers have begun laying off employees. Many governments have imposed restrictions on large gatherings aimed at reducing the virus's spread.

Ford Motor Co. said Thursday that it was suspending its dividend to try to preserve its dwindling cash pile and other major corporations may follow suit.

Oil companies have been hard hit by the combination of falling demand spurred by the pandemic and by rising supply from Saudi Arabia, which has resulted in crude prices halving in a matter of weeks. At the same time, the coronavirus has stunted the aerospace industry, leading to groundings of fleets across the globe and triggering a mass of order deferrals for new aircraft.

Occidental Petroleum Corp. slashed its dividend earlier this month, while France's Total SA made $5 billion of savings and took out a $4 billion loan to make up for an expected $9 billion shortfall caused by lower oil prices. The lower energy prices are helping the sector's working capital requirements but ultimately the oil rout will hurt their profits.

Shell halted its share buyback program and said Monday that it plans to cut spending to boost its balance sheet. The oil giant preserved its dividend but halted the $25 billion share buyback program it launched in July 2018. Investments were reduced by 20% to $20 billion.

"The combination of steeply falling oil demand and rapidly increasing supply may be unique, but Shell has weathered market volatility many times in the past," said Chief Executive Ben van Beurden.

Shell said its liquidity remained strong with $20 billion in cash and $10 billion of undrawn credit lines.

At the same time, Airbus said it was dropping its guidance for the full year and boosting its credit facility by about $10.7 billion as it manages the fallout on the aviation industry from the coronavirus outbreak.

It has withdrawn its 2019 dividend proposal valued at about $1.5 billion in cash and is suspending a top-up payment to pension funding. The company now has around $32 billion in available liquidity, it said in a statement Monday.

The company is also reopening its factories in France and Spain at reduced rates on Monday after pausing production to deep clean the facilities and provide safety measures for staff.

Airbus's move follows similar efforts made by Boeing Co. which said Friday that it was suspending its dividend while Chief Executive David Calhoun and Chairman Larry Kellner are forgoing pay through the rest of the year. The U.S. plane maker is seeking at least $60 billion in financial help from private sources, as well as taxpayer support, for itself, suppliers and the broader aerospace sector.

Write to Sarah McFarlane at [e-mail] and Benjamin Katz at [e-mail]



(END) Dow Jones Newswires

March 23, 2020 07:06 ET (11:06 GMT)

[adyfc] 23/3/2020 12:18

Mister they announced that 12 years ago lol

[montyhedge] 23/3/2020 12:14

Best thing ever, stopped buybacks, now they can give it in dividends.If Shell pay and I really think they will.Should give the whole stock market a boost.

[mister md] 23/3/2020 12:07

Fed announcing unlimited QE

[sogoesit] 23/3/2020 11:16

Just shows that RNSs need reading not media commentary to check facts.
There was no corrected RNS at 10.00am.
DYOR

[sarkasm] 23/3/2020 10:57

Correction to Shell Article
23/03/2020 10:03am
Dow Jones News

Royal Dutch Shell (LSE:RDSB)
Intraday Stock Chart

Today : Monday 23 March 2020
Click Here for more Royal Dutch Shell Charts.

Royal Dutch Shell's divestment program amounts to more than $10 billion of assets in 2019-20. "Shell to Significantly Reduce Costs to Ensure Capital Position Amid Coronavirus," at 0723 GMT, misstated in the fifth paragraph value of the assets in the divestment program. The divestment program amounts to more than $10 billion of assets, not $1 billion.



(END) Dow Jones Newswires

March 23, 2020 05:48 ET (09:48 GMT)

[wtacraig1] 23/3/2020 10:50

A corrected RNS issued 10am may have something to do with it

[mister md] 23/3/2020 10:40

shareprice is UP, looking strong vs market

[tornado12] 23/3/2020 09:31

My divi is going in today. As said many time Shell will not cut divi in 2020 unlike many others already done or heavily at risk