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
  21.00 1.43% 1,487.60 11,532,360 16:35:21
Bid Price Offer Price High Price Low Price Open Price
1,483.80 1,484.80 1,517.40 1,454.00 1,471.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 132,052.62 -19,723.45 -203.33 55,133
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:03 O 18,908 1,479.784 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 1,466.60p.
Royal Dutch Shell Plc has a 4 week average price of 1,239.40p and a 12 week average price of 1,227p.
The 1 year high share price is 1,737.60p while the 1 year low share price is currently 845.40p.
There are currently 3,706,183,836 shares in issue and the average daily traded volume is 10,649,255 shares. The market capitalisation of Royal Dutch Shell Plc is £55,133,190,744.34.
poikka: On the 4th February, a summary was posted here, and this was part of that summary: "Shell’s dividend yield over the last 10 years had bounced around the 6% level as it was always assumed the dividend was unstainable. After the reset a much lower more sustainable dividend yield would be more like 3.5% or 3.6%. Taking 3.6% to be conservative, and a forecast full year 2022 dividend of $1.39 per share for the “A” class ADRs would give us a stock price of about $39, or about 6% higher than where it is at the time of this writing. While this isn’t massive upside, the dividend yield of 3.6% and dividend growth of 4-5% per year offers us good stability. All this assumes conservative oil price forecasts and gives Shell ample room to de-lever and increase share buybacks or accelerate dividend growth, which should further put a bid on the stock price." Well we've reached that point with this year's divi looking to be c69.4, giving a yield of 3.3%. Purely looking at the yield, just how much share price growth is left? Not much at all. But then the future's looking rosier than it did on 4th February, just one month ago, with OPEC showing signs that it really doesn't want to return to arctic prices of last year. Remember, too, that the 4th qtr results were achieved on oil at $44/bbl.
sarkasm: Don't Sell Shell Feb. 04, 2021 5:24 PM ETRoyal Dutch Shell plc (RDS.A), RDS.BRYDAFRYDBF1 Comment2 Likes Summary Shell's dreadful stock price action in 2020 is coming to an end. All the bad news has been priced in and the stock offers good value now. Oil fundamentals look supportive but even with flat oil prices, Shell's financials look to be getting stronger, providing strong dividend cover. The Strategy Day on 11th February could offer a catalyst for investors to reconsider Shell as a serious Energy Transition investment option. The December 21st trading update from Royal Dutch Shell (RDS.A) largely foresaw the torrid Q4 results and 2020 full year results just released. In a nutshell, 2020 was an exceptionally challenging year for the oil major. What should Shell shareholders do? While the company is trying to reposition itself for the new energy landscape ahead, the headlines have been consistently bad for the Anglo-Dutch company. Profit warnings, write-downs, collapsing prices for oil, collapsing refinery margins, the first cut in dividends for decades, a falling share price, and finally the departure of several clean energy executives amid internal arguments over its clean energy strategy have all contributed to the bear market in Shell's stock in the last year. The 36% fall in the stock price over the last year sounds bad, but there is a fundamental truth in oil markets and that is that the cure for low oil prices is low oil prices. That’s why the weakness in the sector, the cutbacks in production and investment will cause higher oil prices going forward, as I have already pitched in a recent Seeking Alpha article on crude oil, that so far is playing out nicely. The pessimism about Shell, coupled with some positive signs on the horizon and my bullish outlook on oil in fact make Shell a very good contrarian play. The fact that December’s profit warning did not do much damage to the share price suggests that all the bad news is already priced in and indeed the stock has started to rise over the last couple of months. The Global Investor thinks this recent price action isn’t a dead cat bounce, but the start of a rally back to a fairer, higher price for Shell's stock. Oil majors have traditionally been core income stocks for many portfolios but after the first dividend cuts in decades last year, when the dividend was cut 66% it has since been raised slightly in October and now been raised again slightly some more. This gives the stock a current dividend yield of about 3.6%. What’s more, Shell is still slashing costs and capital expenditure, like the rest of the oil and gas industry, and US shale output is falling thanks to weak pricing. This suggests low prices will squeeze out uneconomic supply and help oil prices continue their recovery. And with the rollout of vaccination programs, some oil demand lost in 2020 should come back in 2021, further tightening the supply-demand balance towards higher oil prices. Another contrarian indicator is that the oil and gas industry is now hated by institutional investors, either for financial reasons or for environmental, social and governance - ESG - reasons and this has simply gone too far. The weighting of the Oil & Gas sector in the main stock market indexes is at lows last seen in the 1990s when oil prices ranged from $10-$20 per barrel. Risks This brings us to the risks of owning Shell right now. ESG is a new force in the markets, so some investors simply won’t look at Shell for a long time. Long-term oil demand has probably peaked and the switch to renewable sources of energy will be bumpy as the company is finding in its transition efforts to date. Shell also has the risk that it gets stuck with “stranded assets” with its large reserves of oil and gas. This means Shell’s book value is bound to be higher than its market value as investors price in further write-downs to its asset values. Shell has traditionally been a very reliable dividend payer, but the energy transition makes it almost impossible to balance the needs of high dividend payouts with the large investments required in greener energies. While the dividend has been cut deeply to a lower level, investors cannot assume it will rise back to its previous level quickly as the volatility in energy markets and the restructuring needs of Shell will probably dictate otherwise. Indeed, Shell's management has called it a dividend "reset". The future It is expected that Shell will outline a radical new strategy at its investor day scheduled for February 11th. The new strategy, likely to focus on clean energy, and to more closely follow BP’s radical restructuring plans that started last year, could appeal to investors who are looking more at the rate of change in ESG factors than in the absolute level of how good a company is on current ESG measures, specifically with respect to climate change and carbon emissions. Strategy Day on February 11th Ultimately, The Global Investor expects Shell to try to strike a balance between driving meaningful change towards 'Net Zero' emissions but also to maximize value from existing businesses over the intermediate period. The following are some of the topics I expect Shell to cover in the forthcoming Strategy Day which I expect to help turn market sentiment back towards Shell’s favor. Net zero by 2050 or earlier – Shell already outlined this target back in April last year but didn’t give much detail and so wasn’t seen as that credible. Shell will probably present its business plan in more detail to get to these targets. Upstream oil & gas to underpin cash generation. Having made the mega acquisition of gas major BG Group back in 2016, Shell is more committed to oil & gas than BP who have outlined plans to cut production by 40% over the next decade. Given Shell's project pipeline, its portfolio still has some growth potential but during last year’s Q3 results CEO Ben van Beurden said "It’s probably fair to say that 2019 was the high point in terms of oil production". So Shell is probably keen to keep a relatively flat production profile as it looks to sell non-core positions as it uses its Upstream division to act as a key contributor to cash generation over the next decade, through both operations as well as disposals. While this might disappoint ESG investors who argue for more aggressive action, it will keep dividend investors happy as this strategy reduces risks to free cash flow generation. Strength in natural gas, the bridge fuel. Shell is the world’s largest player in LNG so it’s likely Shell will highlight the role of natural gas as the “transition fuel” helping reduce carbon emissions because of its cleaner properties compared to coal and its vital role in electricity generation. The term "bridge" comes about because natural gas can support renewables over the period where wind and solar still suffer from intermittency issues. In 2019 Shell said it expected the LNG market to grow at 4% per year over the next few years. Last year management said Shell’s LNG business will not necessarily match the market "percent for percent" which might mean lower capex needs in this division. LNG will remain a key cash generator over the next decade so expect updates on Shell’s LNG outlook on 11th February. Growth opportunities in hydrogen and biofuels. For renewables, Shell will likely emphasize both hydrogen and biofuels given hydrogen is a natural fit as it is already produced and consumed in Shell’s refining business. Shell already has about 50 hydrogen fueling stations mostly in Germany and California. In biofuels, Shell is one of the largest blenders and distributors globally, partly due to its 50:50 joint venture with Raizen in Brazil. Shell will likely highlight its expansion in wind and solar, businesses which are getting extremely competitive now. Shell will look to leverage its strong Marketing and Trading positions to sell more electricity to the customers who currently buy fossil fuels from their large global customer networks. New Energies to account for about 25% of capital expenditure over the next few years. At last year’s 3Q earnings announcement, Shell guided that capex would remain in the $19-22 billion range over the coming years. It gave high level guidance on the breakdown between segments: 35-40% for Upstream, 35-40% for “Transition business”, which includes Integrated Gas, Chemicals and Refining, and about 25% to growth businesses such as Marketing, Power, Hydrogen, Biofuels and carbon capture, utilization and storage with nature-based solutions. The Global Investor expects Shell to update this breakdown and give more detail. Overall, hydrocarbons will remain part of Shell’s core strategy over the next decade. This gives it less execution risk on restructuring compared to its great rival BP, but makes it more exposed to oil and gas commodity prices. While ESG investors do play a role at the margin, and maybe a larger role in Europe, The Global Investor still believes the stock market is overall, at least in the long term, amoral. Short term trends matter and ESG has driven investors away from oil & gas but it could also be argued that that’s mostly happened because of weaker financial returns in the sector. If Shell can raise its profits through higher oil prices, Shell can raise its dividends and investors will put a higher valuation on the stock because of higher dividends. Dividends So, it comes back to dividends ultimately. That has always been the driver of Shell’s share price. Assuming oil prices at about $50/bbl over the next few years – more conservative than my actual view – I think Shell will generate $13-14 billion in free cash flow each year. At current dividend levels this implies dividend cover of about 2.5x, a very high number for Shell historically. This means Shell's balance sheet will start to de-leverage quickly. Management has indicated that when net debt falls to about $65 billion it will re-start its share buyback program. This could happen around the middle of next year if oil prices hold. Currently, Shell is guiding for 4% dividend growth per year, but there is big upside potential to this number. Before the dividend reset last year, Shell’s dividend had become unstainable given the investment needed in the energy transition. Valuation Shell’s dividend yield over the last 10 years had bounced around the 6% level as it was always assumed the dividend was unstainable. After the reset a much lower more sustainable dividend yield would be more like 3.5% or 3.6%. Taking 3.6% to be conservative, and a forecast full year 2022 dividend of $1.39 per share for the “A” class ADRs would give us a stock price of about $39, or about 6% higher than where it is at the time of this writing. While this isn’t massive upside, the dividend yield of 3.6% and dividend growth of 4-5% per year offers us good stability. All this assumes conservative oil price forecasts and gives Shell ample room to de-lever and increase share buybacks or accelerate dividend growth, which should further put a bid on the stock price. Conclusion Value investors and income seekers should continue to own Shell. Shell is very likely to always be a “Supermajor221; but with its focus shifting gradually towards energy in general and away from its historical reliance on oil but gas will play a major role for a long period. Energy is a core need in society so Shell is likely to be able to keep its large size and retain its status as a core “income portfolio” position thanks to strong and stable dividends. In the short term, rebounding oil prices should help near term cash flows and hence drive stock price appreciation. A successful investor day on February 11th could help change Shell’s perception amongst the sustainable investment crowd and market sentiment towards companies through lowering the climate / sustainability / reputational risk for institutional investors in owning Shell. This sustainability focus for investors accounts for a very large section of European institutional investors now. So things are improving now and it's likely we've seen the low in the Shell share price. The bottom line is that Shell is worth holding as a small part of your portfolio.
xxxxxy: Shell could end up paying top dollar for any assets it acquires and any capital investments could put pressure on cash flow and, in a worst-case scenario, raise fresh questions over the dividend.The thing that could do most to help is a positive surprise in oil prices, since that would boost cash flow. This could happen, especially if the pandemic is beaten, while analysis from Opec suggests that oil will still be the world's leading source of energy in 2045.We must consider the origin of that prediction but maybe oil assets are not quite as badly stranded as 2020's share price action would lead us to believe. That could have interesting implications for the cash flows and therefore the valuations of quoted oil producers.Value hunters and income seekers should hang on. Questor says: holdTicker: RDSBShare price at close: £12.59Russ Mould is investment director at AJ Bell, the stockbroker... Daily Telegraph
florenceorbis: Royal Dutch Shell shares: what the Christmas lockdown means for the stock Zaven Boyrazian | Tuesday, 22nd December, 2020 The oil industry has been one of the hardest hit by the pandemic, and Royal Dutch Shell (LSE:RDSB) shares are no exception. Global lockdowns have meant cars, aircraft, and cruise ships remained parked and unused. This lack of activity resulted in an immediate decline in the demand for oil-based fuels, and thus oil prices have plummeted. Due to a new strain of Covid-19, a Tier 4 Christmas lockdown has gone into effect across parts of the UK, with tighter restrictions (if not lockdowns) in others. But what does this mean for the shares of Shell and the oil industry in general? The Christmas lockdown and oil prices Over the past 20 years, the price per barrel of oil has been steadily declining. Innovations in green energy have made technologies such as wind and solar farms far cheaper, and therefore more viable as an alternative. In my opinion, this has been the primary driver for the historical decline in oil value. But this year has meant extra pressures. In March, much of the world came to a standstill. Global lockdowns resulted in fuel consumption plummeting almost overnight. As such oil, prices dropped to average lows of $11.26 per barrel – an 82% decline compared to the previous year. As lockdowns were lifted, the demand for fuel returned, and the oil price began to recover. This recovery accelerated on the announcement of several Covid-19 vaccines. But will a Christmas lockdown change all that? Probably not. While it has caused an adverse effect, with oil prices dropping by $2 a barrel, the lockdown is restricted to parts of the UK, with most of the world remaining open. But it certainly adds more volatility to the path of recovery. Implications for Royal Dutch Shell shares Royal Dutch Shell is an oil & natural gas explorer, producer, and refiner. Therefore the price of crude oil is the primary driving force behind the profits of the business. Needless to say, 2020 has been a tough year. Even before the Christmas lockdown was announced, its oil refineries were still not up to maximum capacity, operating at around 72%-76% of that level. Based on its most recent quarterly results, revenue has dropped by nearly 50% compared to a year ago, and profits by 89% thanks to a weakened oil price. What’s more, the firm announced its intention to write down the value of its oil & gas assets by $3.5bn to $4.5bn. This can be interpreted as management no longer believing oil prices will return to its historical highs. Can Shell shares recover? I think the likelihood of Shell shares returning to £27 is low. Over the short term, oil prices may return to pre-Covid levels. However, with a continual shift towards green energy supported by most western governments, the glory days of the oil industry may be over. The UK, along with the rest of Europe, is aiming to be carbon-neutral by 2050. Furthermore, based on Boris Johnson’s ‘Green Industrial Revolution’, petrol and diesel cars are being phased out by 2030. Combined, these two factors likely mean the complete removal of oil-based fuels for both the energy and automotive sectors. Both of which are the primary drivers behind oil prices today. Motley Fool UK
the grumpy old men: The Shell share price rallied 10% last week. Here’s what I’d do right now Jonathan Smith | Monday, 30th November, 2020 | More on: RDSB The Royal Dutch Shell (LSE: RDSB) share price was one of the best performing FTSE 100 stocks last week. If we extend the time period to look at the past month, it’s up almost 50%. It’s true that the FTSE 100 has enjoyed a strong performance as a whole, but the Shell share price is still outperforming its Footsie peers. What’s been going on here? Why have Shell shares rallied? One of the reasons the Shell share price has performed well in the short term is the oil price. Crude oil was trading around $35 at the beginning of the month. Now it’s trading above $45. Historically, there’s been a strong correlation between the Shell share price and oil. After all, the business is what we call “vertically integrated” with oil. This means it’s active in all stages of the process. From exploration projects in oil fields, to refining it and then selling it in different forms. Therefore, it’s logical that the share price is heavily impacted by the oil price. On top of this, there’s been another external factor benefiting the company. The positive news last week, and in preceding weeks, about several different vaccines proving effective is a huge boost for Shell. If we rewind to Q2 results, oil products sales volumes were down 39%. This was mostly due to the aviation and retail sectors, as the pandemic meant consumers were staying at home. Demand for oil products simply wasn’t there. Now, if we flip to the prospect of a viable vaccine, flight demand should increase. I wrote a piece recently on how this could benefit the easyJet share price. Indirectly, demand for the refined products Shell offers will increase. This should have a knock on impact via a higher share price. What would I do now? The Shell share price still sits at a large discount compared to its level in January 2020. At 1,340p, the January level of 2,200p seen a long way away. So as a long-term buyer, Shell is definitely on my watchlist. But would I buy today? Perhaps not. In the short term, the reasons causing the rally aren’t really Shell-specific. The oil price and vaccine news benefit lots of other businesses as well. The rally hasn’t come from Shell doing something amazing. This makes me cautious of investing right now, and so I’m going to sit on the sidelines for the next few weeks. More in-depth Q4 results should be due in January. This, along with guidance for 2021, should give me a clearer picture on whether Shell should be my oil major of choice, instead of BP or other oil-related stocks. A big driver for me would also be any news about reinstating the full dividend that was cut earlier this year. I remember when I used to own Shell stock, I picked up a dividend yield of 5%-7%. A very generous yield returning would likely further boost the Shell share price as income investors buy the stock. Motley Fool UK
xxxxxy: It's fair to say 2020 has been a challenging year for Royal Dutch Shell (LSE: RDSB) investors. As a result of Covid-19, and the subsequent drop in demand for oil, Shell's share price has plummeted. Year to date, shares in the FTSE 100 oil major are down about 50%.Can Shell's share price recover? I think it's possible. That said, there are a few things that need to happen for the FTSE 100 oil stock to rebound.Shell share price: oil prices need to riseIn the short term, Shell desperately needs oil demand to pick up and oil prices to rise. According to oil sector analysts, Shell's breakeven oil price is currently a little under the $40-per-barrel mark.Currently, the price of Brent crude oil is just over $40 per barrel. This means Shell isn't going to make huge profits in the current environment. Adjusted earnings for the third quarter of 2020, for example, came in at $955m, versus $4,767m for the same period last year.?Shell shares. Oil price.Source: Trading EconomicsIf the oil price was to pick up to say $50 per barrel post-Covid-19 however, it would be hugely beneficial to Shell. This kind of rise in oil prices would most likely result in Shell's share price rising significantly.Yesterday's Covid-19 vaccine news is an encouraging development here. A vaccine could certainly boost demand for oil.Dividend track recordIn the past, Shell was a very reliable dividend payer. The company's track record (it hadn't cut its payout since WWII) was one of the main reasons a lot of investors owned the stock.Shell's income appeal was reduced dramatically this year however, when it slashed its quarterly dividend payout from 47 cents to 16 cents. There are probably quite a few investors who dumped the stock after that cut.Shell now needs to prove to investors it can be a reliable dividend payer from here. The company has made a good start – recently it raised its payout for Q3 by 4% to 16.65 cents. However, it has a long way to go to rebuild its reputation as a reliable dividend payer.Shell needs a clear strategyFinally, for Shell's share price to rebound fully, I think the group needs a clear long-term strategy. Its current strategy is unclear and I think this is turning a lot of investors off the company.Let's face it, in the long run, renewable energy is the way forward (you can find out more about renewable energy stocks here). And, on this front, Shell hasn't done a lot. The oil major says that part of its strategy is to "thrive in the energy transition by responding to society's desire for more and cleaner, convenient and competitive energy." However, so far, its actions have been underwhelming.By contrast, energy rival BP recently announced a huge transformation programme to pivot to low carbon energy. By 2030, BP aims to have developed around 50GW of net renewable generating capacity – a 20-fold increase from 2019.Investors these days are increasingly focusing on sustainability. For Shell to attract institutional and private investor interest in the same way it did in the past, I think it needs to make a major move towards clean energy. Its unclear long-term strategy could be holding its share price back.The post Will Shell's share price ever recover? appeared first on The Motley Fool UK.... Yahoo Finance... Personally just think much is Covid-19 related. That simple. And crazy.
ariane: Oil & Gas Jamie Ashcroft 14:58 Tue 03 Nov 2020 Shell shares could see 20% upside says City analyst Morgan Stanley rates Shell as 'overweight' and sets a new 1,180p price target. Royal Dutch Shell PLC - Shell shares could see 20% upside says City analyst Royal Dutch Shell Plc (LON:RDSB) is the preferred ‘big energy’ stock for analysts at Morgan Stanley, with the American bank lifting its rating to ‘overweight217;. Morgan Stanley has set a new 1,180p price target (current price: 994p), up from 991p. Moreover, analyst Martijn Rats highlights that sector-wide the oil majors performed better than expected during the third quarter against a challenging backdrop, in which share prices have dropped by around 8%. Rats noted that important uncertainties remain for both the short and long term, and, not all companies face the same risks. But, the analyst highlighted that for the first time in a while he can argue that Shell offers greater than 20% of potential share price upside. “Shell's new financial framework and dividend policy send a strong signal about management's confidence in the firm's cash generating ability. “With a dividend yield of 5.4% and new guidance for annual dividend growth of 4%, Shell shares offer a steady-state total return of around 9.4% per year.” Morgan Stanley meanwhile upgrades BP to an ‘equal weight’ rating up from ‘underweight’. “Our Underweight rating for BP was driven by its uncertain earnings and cash flow outlook - even if its strategy is successful - and lack of dividend growth prospects. Following underperformance and its yield expanding to 8.1%, we suspect these factors are also discounted,” the analyst said. Proactiveinvestors
ukneonboy: You've gotta feel sorry for poor old Spud. 😂😂 Every day doing his best to "talk up" the RDSB share price in probably the steepest down trend for Oil since 1929. Spud, YOU were so quick and so vociferous to shout me down for being NEGATIVE back in August at £12 per share Obviously I don't like to gloat, but seriously Spud, who is laughing now fellah 😂😂 I guess it must be me then !!!
loganair: I think one needs to differentiate between oil and gas. EV's will vastly reduce the demand for oil, however they will increase the demand for gas as the electricity that drives them will come from gas driven power stations. It is forecast that gas demand will continue to rise for the next 30 years before plateauing off for another 20 years, therefore it will only be 50 years from today before gas demand start to fall. This is why I believe Shell bought the gas company Centrica. Shell are also into Hydrogen fuel which is likely to become the fuel for HGV's. The one thing I worry about in their latest report is the talk of returning to share buy backs next year. All share buy backs do is to hollow out the nutrition of any company. Shell only have spare cash to buy back shares when the oil price is high and when the oil price is high Shells share are high therefore Shell buy back their shares when their share price is high which is the worse time for a company to buy back shares. Over the past 10 years IBM has spend $136bln on share buy backs and today the company is valued at $110bln. GE started buying back their shares at $65 per share 20 years ago and now their share price is $7. The amount of money that GE have wasted on share buy backs they could now buy the whole company 2.4 times over. Imperial Tobacco, BwinParty the gaming company, plus many many other companies etc all bought back shares only to see their share price fall by 50% to 90% as companies tend to engage in share buy back when their share price is high instead of when the share price is near their 52 week low which would be the time to engage in share buy backs.
tornado12: I agree there are some steady vibes from these results but the collapse in oil and share price has really taken the wind out of Shell sails. The majority on this board have averages well north of the current share price and it’s all about the recovery in the share price in the next year or 2. A lot invested in past mainly driven by rock solid dividend of 6% @ share price £23 .. now we are below a tenner and in the most demanding situation in modern times from my opinion. My ROI is 3,5% and although very welcome I am not looking to reinvest into Shell as now I feel overexposed to this company and energy stocks
Royal Dutch Shell share price data is direct from the London Stock Exchange
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