Share Name Share Symbol Market Type Share ISIN Share Description
Royal Dutch Shell Plc LSE:RDSB London Ordinary Share GB00B03MM408 'B' ORD EUR0.07
  Price Change % Change Share Price Shares Traded Last Trade
  -4.20 -0.23% 1,784.00 6,117,092 16:35:10
Bid Price Offer Price High Price Low Price Open Price
1,786.40 1,786.60 1,802.00 1,775.00 1,785.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 132,052.62 -19,723.45 -203.33 65,253
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:37 O 80,600 1,795.06 GBX

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Royal Dutch Shell Daily Update: Royal Dutch Shell Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RDSB. The last closing price for Royal Dutch Shell was 1,788.20p.
Royal Dutch Shell Plc has a 4 week average price of 1,586.20p and a 12 week average price of 1,371.60p.
The 1 year high share price is 1,813.40p while the 1 year low share price is currently 845.40p.
There are currently 3,657,690,203 shares in issue and the average daily traded volume is 5,538,250 shares. The market capitalisation of Royal Dutch Shell Plc is £65,253,193,221.52.
loganair: Typical oil company, buy back their own shares when the share price is rising, would have been better to have bought back a shed load when the share price was under £10.
waldron: Europe Desperately Needs To Diversify Its Energy Supply By Stuart Burns - Oct 10, 2021, 10:00 AM CDT Rising energy prices have fueled inflation that was already being stoked by commodity price increase and supply chain problems for much of this year. Thermal coal prices have risen to record levels, threatening to impact GDP growth in China and India as a result of electricity rationing. Europe’s energy markets are particularly exposed to supply disruptions despite supposedly being highly integrated. Join Our Community We have written twice over the last week concerning the energy crunch, first in China and then in India. Thermal coal prices have risen to record levels, threatening to impact GDP growth as a result of electricity rationing. The Financial Times observes that China has suffered a triple whammy of emissions restrictions on power generation, a shortage of coal, and price caps on electricity that mean demand is unaffected as input costs have risen. India, which relies heavily on coal for its thermal power plant, is facing tight supplies and record prices. Nationally, it has only four days of stocks left. Europe energy costs on the rise But energy — whether it is in the form of coal, natural gas or oil — is a global commodity. Both Europe and the U.S. find themselves with their own set of challenges, more skewed to the tight natural gas market and rising global oil prices. The U.K. is not alone but is possibly the most acutely exposed to Europe’s reliance on imported natural gas, particularly from Russia. U.S. gas contracts for November delivery surged nearly 40% this week to hit £4 per therm (having started 2021 below 50p). But a surprise announcement by Vladimir Putin yesterday saying Russia was prepared to increase supplies to stabilize prices prompted a sharp sell-off, sending the price down to £2.87. Whether it stays there will depend in large part on whether Russia can honor that commitment in the months ahead. Russian state gas supplier Gazprom has come under intense criticism for deliberately shipping to no more than its minimal contractual obligations this year. The reality is Russia’s own inventory levels are also depleted after a harsh winter. Related: WTI Oil Price Breaks $80 For The First Time Since 2014 It is probably fair to say Europe’s energy markets are particularly exposed to supply disruptions despite supposedly being highly integrated. Many large industrial consumers have complained that the E.U.’s Green Deal to make the bloc climate neutral by 2050 will only push up energy prices further. In turn, that could ultimately lead to social unrest. For example, high energy prices resulted in the French “gilets jaunes,” or yellow vests, demonstrations in 2018-2019. Inflation, energy cost impacts Rising energy prices have fueled inflation that was already being stoked by commodity price increase and supply chain problems for much of this year. Rising energy costs and inflation have been contributing factors in the August fall in German industrial orders. Orders fell 7.7%, a far sharper fall then economists had expected. Meanwhile, rising energy costs have prompted the closure of large energy consumers across Europe, such as ammonia and fertilizer production. Meanwhile, in the U.S., oil prices this week hit the highest level in seven years after OPEC+ decided to maintain current production levels, which will see a planned increase of just 400,000 barrels a day from November. U.S. administrators have talked about release from the strategic petroleum reserve and even limits or a ban on U.S. exports of crude oil to limit domestic oil price rises. The average price of gas at the pump has reached $3.19 a gallon, the highest in seven years. The U.S. economy does not appear to be unduly hindered by the price rises yet. The private sector added a higher-than-expected 568,000 jobs in September, the biggest rise in three months. However, with midterm elections next year, high gas prices will not go down well with voters. Looking ahead Buyers of European components may expect to see some inflation in prices this year and next. Cost increases are coming, not just from metal prices but energy, wage costs and continuing logistics delays in Europe. It is to be hoped the continent copes through this winter and cost increases do not derail the recovery. While manufacturers have been riding a wave of unprecedented demand recovery, it should not be mistaken as unstoppable. A number of factors are converging to push up costs while potentially dampening demand. That makes a toxic mix for a still-fragile recovery. By Stuart Burns via AG Metal Miner More Top Reads from Oilprice.com:
waldron: INVEZZ Shell share price forecast as crude oil and natural gas prices soar By: Crispus Nyaga on Oct 5, 2021 The Royal Dutch Shell share price skyrocketed to the highest level since February. The stock soared as the price of crude oil and natural gas soared. We explain why the stock will soon hit 2,000p in London. The Royal Dutch Shell (LON: RDSB) share price skyrocketed to the highest level since February 2020 as oil and natural gas prices soared. The stock surged to 1,707p, which was about 110% above the lowest level since October last year. Crude oil and natural gas prices surge Royal Dutch Shell is one of the biggest upstream, midstream, and downstream oil and energy companies in the world. The firm explores, stores, trades, and sells oil and gas globally. Therefore, like other integrated oil companies, Shell has benefited from the surging oil prices. The price of Brent surged to more than $83 while the West Texas Intermediate (WTI) soared to more than $80. This is notable since oil prices crashed to the negative zone at the height of the Covid panic in 2020. The rally was supercharged by an OPEC+ meeting that happened this week. The cartel decided to leave their supply goal intact, meaning that they will continue adding 400k barrels per day every month. This monthly increase was significantly smaller than what analysts were expecting. As such, some analysts believe that oil prices will soar to $100 per barrel soon. At the same time, the price of natural gas has rocketed to a multi-year high. With countries facing significant energy shortages, there is a likelihood that the prices will keep rising as winter approaches. The natural gas prices are notable since Royal Dutch Shell is one of the biggest dealers around the world. To some extent, the pandemic helped Royal Dutch Shell and other supermajors like BP and Exxon. It pushed some of these companies to sell non-core assets and cut their costs. As a result, what remained are relatively smaller companies that are more efficient. Therefore, the Shell share price will likely keep doing well as cash flow rises and the company increases its shareholder returns. Shell share price forecast The weekly chart shows that the RDSB share price has been in a bullish momentum in the past few weeks. Indeed, it has risen in the past four straight weeks. At the same time, it has moved above the key resistance level at 1,487p, which was the previous year-to-date high. The price has moved above the 25-day and 50-day moving averages and the 50% Fibonacci retracement level. Therefore, there is a likelihood that the bullish momentum will continue as bulls target the next key resistance at 2,000p.
waldron: The Royal Dutch Shell share price jumps! Is it too late to buy? Rupert Hargreaves | Friday, 1st October, 2021 The Royal Dutch Shell (LSE: RDSB) share price has jumped 23% over the past six months. Over the past 12 months, the stock’s performance is even more impressive. Shares in the oil major have rallied by more than 80% from their October 2020 levels. Both of these figures exclude dividends paid to investors. Shares in the company have charged higher as oil prices have recovered from their pandemic lows. The price recently hit $80 a barrel, a three-year high. And it’s not just the price of oil that’s been pushing higher. The price of gas has also jumped. These rises are causing havoc within the UK energy market. Several suppliers have failed lately, unable to pass these costs onto consumers. But for Shell, these price rises could produce windfall profits for the group. Royal Dutch Shell share price outlook We can get some idea as to the impact higher commodity prices are having on the group’s finances from its second-quarter results. The company reported adjusted earnings of $5.5bn for the three months through to the end of June. That was compared to a profit of $638m for the same period a year earlier. With profits surging, Shell was able to boost its dividend for the second consecutive quarter. It also launched a $2bn share repurchase programme. The stock currently yields 3%. Based on the recent commodity price action, I reckon the company could be on track to report another bumper set of results for the third quarter. It may even see this favourable environment continue into the fourth quarter. I realise some investors might not be celebrating the impact higher oil prices are having on the Royal Dutch Shell share price. In recent years, investors and asset managers have been selling the stock to try and put pressure on the business to reduce emissions as well as oil and gas output. Rising prices may reverse this trend. As such, the stock may not be suitable for all investors. The shift to renewables Still, I think the current boom in oil prices shows that the world’s not yet ready to move away from fossil fuels. At the same time, rising profits will provide a cash infusion for Shell to invest in renewable projects. I think this is important because management needs to think about the future. The group cannot rely on high oil prices forever. As the past two years have shown, oil prices can be incredibly volatile. With extra cash to spend, Shell may be able to accelerate its shift towards cleaner energy. Overall, I think the Royal Dutch Shell share price still offers value. The stock’s recent performance reflects its booming profits, which could help the group secure its future. With these factors in mind, I’d be happy to add the shares to my portfolio. The Motley Fool UK
waldron: gxgxx 3 Oct '21 - 10:29 - 3289 of 3289 0 0 0 The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring. Economic recovery from the pandemic has boosted demand for gas and coal but their supplies have not been able to keep up. With the northern hemisphere winter on the horizon and China -- the world’s biggest electricity user -- ordering state-owned energy firms to secure supplies at all costs, investors are in a race to pick the winners and losers. A key measure of international energy producers, led by names including Cabot Oil & Gas Corp. and ConocoPhillips, has rallied almost 10% over the past month. Utilities stocks have gone into reverse, wiping out this year’s gains, with materials companies joining them among the biggest laggards on the MSCI World Index. “The energy crisis can exist for the next several years. I think a super cycle in energy has started and will continue for several years," said Sumeet Rohra, a fund manager at Smartsun Capital Pte. in Singapore. “Energy stocks are very well poised to generate big returns." China’s factory sector contracted in September for the first time since the pandemic began, thanks to power cuts that have affected regions making up more than two-thirds of the nation’s gross domestic product. The energy crunch has also reportedly halted production at suppliers of global tech giants such as Apple Inc. and Tesla Inc. Meanwhile, European inventories of natural gas are running low as economies come out of the pandemic lockdown and the White House has expressed concern about the jump in oil prices. Here is a guide to how the crisis is playing out in equities market: Energy Producers Companies that produce gas, oil and coal are set to continue benefiting as winter approaches and demand rises. Royal Dutch Shell Plc, TotalEnergies SE, Eni SpA, and BP Plc are among big European names that may rally further. In Asia, traders have their eyes on companies including Woodside Petroleum Ltd., Petronas Gas Bhd., Inpex Corp., Oil and Natural Gas Corp. and Reliance Industries Ltd. “It is not just about a short term supply-demand imbalance," said Gary Dugan, chief executive officer of the Global CIO Office. “The energy crunch is very concerning as it leads to the worst case scenario for markets -- that of stagflation," he said, referring to a situation in which economic growth stalls while inflation and unemployment rise. If the current tightness in the gas market endures into next year, then Total could see 2022 earnings boosted by 18% and Eni by 12%, Goldman Sachs Group Inc. analysts including Lilia Peytavin wrote in a note last week. Bloomberg Intelligence analyst Talon Custer said U.S. exporters of liquefied natural gas, such as Cheniere Energy Inc. and Sempra Energy, appear well positioned in an LNG market that should stay extremely tight through the winter. Exxon Mobil Corp. said on Sept. 30 that elevated gas prices will boost its third quarter profit by about $700 million. A three-year-high in oil prices also helps Exxon, and should keep others such as Schlumberger Ltd., ConocoPhillips and Halliburton Co. on the radar of traders. In contrast, gas distributors such as China Gas Holdings Ltd., Hong Kong and China Gas Co., Kunlun Energy Co, and Indraprastha Gas Ltd. may face margin pressure if they are not allowed to pass on rising input costs. Amid surging prices of coal, key stocks to watch are Arch Resources Inc. and Peabody Energy Corp. in the U.S., Glencore Plc. in Europe, and China Shenhua Energy Co., China Coal Energy Co., Adaro Energy Tbk, Whitehaven Coal Ltd. as well as Coal India Ltd. in Asia. Materials & Metals While rising power prices hurt all users, it is particularly acute for energy-intensive materials and metal companies. In Asia, these stocks include Aluminum Corporation of China Ltd., Baoshan Iron & Steel Co., Angang Steel Co., China National Chemical Engineering Co. and Zhejiang Longsheng Group Co. European construction material maker Sika AG also fits the mold, as does steelmaker ArcelorMittal and cement producer Holcim Ltd. In the U.S., steel producer Nucor Corp. and paint maker Sherwin-Williams Co. may be focus. Bank of America Corp. analysts see input-cost headwinds for Indian cement makers such as UltraTech Cement, Shree Cement Ltd. and companies in the paint sector. Power Utilities Many government-backed electricity providers are likely to face margin pressure while those that are less regulated or independent have a better chance profiting from higher electricity prices. Barclays Plc.’s analysts including Peter Crampton expect further strength in power prices to create winners in less heavily regulated northern Europe. They identified Electricite de France, Engie SA, Fortum Oyj and RWE AG. The analysts expect significant earnings-per-share upgrades, particularly for EDF, and raised their 2021 and 2022 estimates by 82% and 61%, respectively. The most visible signs of stock market distress so far have been in southern Europe’s heavily regulated utilities. Iberdrola SA and Endesa SA shares are both trading at their lowest levels in more than last year. In Asia, potential losers include Korea Electric Power Co., Tokyo Electric Power Co. and India’s NTPC Ltd. In the U.S., companies such as Southern Co., American Electric Power Co. and Duke Energy Corp. could face pressure. Green Stocks Higher energy prices and efforts to cut carbon emissions are also flowing through into the share prices of renewable power and nuclear stocks. Bloomberg Intelligence’s Laurent Douillet sees large nuclear and hydro electricity companies as potential winners over those that rely on gas and coal. READ: China’s Energy Crunch Sends Coal Shares Up, Renewable Firms Down Key stocks to monitor are Europe’s Scatec ASA, Azelio AB and Orsted A/S, North America’s First Solar Inc. and SolarEdge Technologies Inc., and Asia’s LONGi Green Energy Co., Trina Solar Co., Sungrow Power Supply Co. and Adani Green Energy Ltd. “There hasn’t been a confluence of so many factors happening at the same time in energy and commodity markets since at least the 1980s," said Robert Ryan, chief commodity and energy strategist at BCA Research.
pursia: Is it not implicit in selling off the oil stocks that peak oil has arrived, manifested in share price moves exacerbated by the widespread move into ESG? Both these seem implausible to me. Oil demand I think will strengthen whilst the ESG trend will depress share prices in Oil stocks and the support services. But as the fraudulent way ESG is defined I believe ESG returns will not meet expectations, and consumers will still need oil - heating, travel, plastics, fertilisers etc. So I see long term return to higher prices on oil stocks rather than further falls - but as we all know calling oil is impossible. These are just my views. Incidentally I own RDSB BP PFC WG HLX TRIN LAM. Some up some down. Most recently (last week) I sold my RDSB in my ordinary account and bought back more into my ISA.
waldron: Jamie Ashcroft 13:53 Tue 28 Sep 2021 BP and Shell shares rise amid US$80 oil and UK energy crisis The UK and Europe are seeing a fuel squeeze meanwhile hurricanes and OPEC have impacted global prices. BP and Shell shares in favour as oil prices rise above US$80 BP PLC (LSE:BP.) and Royal Dutch Shell PLC (LSE:RDSB) shares were in favour on Tuesday as crude oil prices raced above US$80. Domestically, petrol is again among the themes of the day as people continue queuing at forecourts, and the exhortation not to panic buy seemingly falls on deaf ears. Worldwide, meanwhile, there are bigger picture economic factors at play – far beyond the post-Brexit availability of transport workers to deliver tankers from point a to point. Brent crude is pitched at a three-year high in the wake of Hurricane Ida, which damage key infrastructure in the Gulf of Mexico, and, the impacts of petro-politics at OPEC, plus the broader industry is somewhat hamstrung by the lower investments in recent years amidst low crude prices. City analysts at Barclays in a note point to the positives for companies like BP and Shell, which despite efforts and narratives towards renewable energies still generate huge revenues and profits from the sale of oil, gas and other petro-products. “The strengthening fundamentals that we have seen throughout 2021 are finally starting to be reflected in share price performance, and with 2022 already setting up to continue decade high FCF, we expect further outperformance,̶1; Barclays said. “Unusually we rate BP, Shell and Total Energies all ‘Overweight217; reflecting value across the sector.” Shell shares rose around 3% in London to trade at £16.43 whilst BP added 2.9% to 340.90p. In crude markets, Brent continued to climb as it was changing hands at around US$80.10 per barrel up 0.7% for the day. Similarly, the American benchmark West Texas Intermediate was 0.85% higher at around $76.09. Naeem Aslam, chief market analyst at AvaTrade, said: "Fears of an energy crisis in Europe are supporting oil prices. "The surge in gas prices has made oil a relatively cheaper substitute for power generation and hence its appeal has increased." It is not just Europe that is seeing energy problems: China is suffering power cuts after a fall in coal imports and actions taken to cut emissions. The jump in oil prices has helped lift Proactiveinvestors
florenceorbis: Shell is all at sea Neil Collins September 24, 2021 A huge yellow of offshore oil rig drilling platform in the gulf of Thailand,Process platform for production oil and gas,Petroleum production and exploration industrial Once upon a time, you could be sure of Shell. If you go down to the investment woods today, the one thing you can be sure of is (another) big surprise. What used to be one of the stock market’s most reliable and predictable income generators suffered another spasm this week with the sale of an asset which it had described as “core” only a matter of months ago. This time it’s the shale oil and gas interests in the Permian basin in the US, one of the most prolific such areas in the world, sold off for $9.5bn. Is this a good price? Who knows? The way the Shell board is behaving, it is hard to be confident, and the deal has too many of the marks of a forced sale. All but $2.5bn of the proceeds are promised back to us shareholders, which was enough to give the shares a bit of a kick up this week. The mechanism for those “additional shareholder distributions” will have to wait until the deal closes, but forecasting anything from this sprawling business has become almost impossible. The rot set in last year, following the bizarre spectacle of the oil price falling below zero. This clearly so spooked the Shell board that they slashed two-thirds off a dividend which had only gone up for more than half a century. The short-sightedness of this move was highlighted just months later, when Shell announced that it seemed the oil world was not coming to an end after all. Instead, it would start raising the payout again, albeit at 4 per cent compound, a rate which would take 28 years to regain its previous level. Another policy quickly followed, that the payout would now go up rather faster than previously indicated, and that share buybacks would restart. Meanwhile, a lower court in The Netherlands decided that it knew better than the board how the company should behave, and ordered Shell to speed up its carbon dioxide reduction plans. This was, and remains, a heaven-sent opportunity to follow Unilever’s example and reincorporate the business in the UK, but instead the CEO has kowtowed and promised to try and comply with this blatant judicial over-reach. This week’s news, and the steady trickle of previously-announced buybacks, have taken the share price back to an 18-month high, but valuing the business remains as hard as when the dividend was cut. Analysts’ forecasts are little more than guesswork, and pages of figures with the results look impressive but are of little help to investors. The two figures that do mean something, the size of the group debt and the dividend, provide little guide to how the board will behave in future. From the outside, Shell looks like a business that is running before the green wind, with little or no idea of where it is going. Not doing well by doing good Before the end of the year, we are promised an exciting opportunity to earn even less on our savings than we do already: green bonds from the government’s own retail savings arm. Apparently, these things will have a three-year life, with interest rolled up and added to the repayment. The tax status is unknown. This week saw the wholesale version launched, in the form of a 12-year, £10bn offer of government securities offering a yield of 0.87 per cent. Such is the demand to be seen to be doing something for the planet that the return is 0.025 per cent below that on the equivalent conventional gilt. The proceeds will go to whatever the government deems to be green, but in practice the money will disappear into the great government machine. The lower interest rate will save about £28m over 12 years, or about 15 minutes of state spending, so you have to believe that every little helps. There is no financial reason why the institutions should pay up in this way, but it’s a small investment in a bit of virtue signalling. If they (or you) want to be seen to be making a little sacrifice in the great green cause, it’s a shame not to take the money. What planet are they on? Are you ESG’d out yet? Even before you’ve remembered that it stands for environmental, social and governance, there are signs that investors are suffering from ESG fatigue. A survey by Investing Reviews asked respondents which campaigns really got to them, and the patronising, woke offering from Jupiter topped the poll. Whether it was the image of the hermit crab (is this the fund manager, or the bewildered punter?) or the cheesy copy in its ads trumpeting how green Jupiter’s people are, we don’t know. We do know that the record of the group’s funds is pretty crab-like, while Jupiter Fund Management shares are so deep in the mud that they cost the same as they did nine years ago. Still, at least the management under Andrew Formica has prospered mightily. ESG virtue-signalling is clearly good for some. Incidentally, the runner-up in the irritation stakes is, predictably enough, abrdn, the boiled-down, unpronounceable remains of Standard Life Aberdeen. You can just imagine the consultants saying: let’s include this name for a laugh, along with some more serious proposals for the name change. The board will never buy it… Coalman offers to deliver They are also jolly green at Drax, owners of the UK’s biggest coal-fired power station which has pledged not to burn any more of the millions of tonnes under its feet after September next year. We could keep going, CEO Will Gardiner told the FT, if that would help everyone round the next energy corner. Very decent of him, and (at current prices) no need for a subsidy, which makes a pleasant change from almost all other offers of help. It might not look that good just ahead of the climate love-in at COP26, though. Drax knows all about this game, since it has prospered mightily from subsidy farming in the UK’s energy market. It burns wood pellets, made from American trees and shipped across the Atlantic, burning oil as they go. On arrival, it counts as biomass (good) rather than the fossil fuel it might otherwise have eventually become. As Aneurin Bevan put it in 1945: “This island is made mainly of coal and surrounded by fish. Only an organizing genius could produce a shortage of coal and fish at the same time.” reaction
tornado12: I think these are interesting times as investor in RDS, as the oil price returns to precovid or even above, but the share price remain very low based mainly on future sentiment. The near future (next 5 yrs) remains bullish for continued oil consumption with risk of market reducing reserves as results of cost cutting. With the cash flow expected to return something near precovid and share price 50% below precovid it makes finally sense to RDS to push forward with SBB … cancelling shares and improving longer term EPS seems very logical as we look to rebalance the business portfolio. I am very optimistic that it’s a good opportunity for Shell to move forward , develop series of transition businesses, improve EPS and keep the cash cow of oil flowing to sustain forward dividend and BB to improve EPS. Our share price recovery is much slower than other commodities , but we can turn this into opportunity! GLA
waldron: 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 https://www.shell.com/drip 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
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