Shell Share Discussion Threads

[waldron] 29/7/2020 19:04

Shell Q2 2020 Earnings Preview

Jul. 29, 2020 1:51 PM ET|About: Royal Dutch Shell plc (RDS.A)|By: Vandana Singh, SA News Editor

Shell (NYSE:RDS.A) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open.

The consensus EPS Estimate is -$0.24 and the consensus Revenue Estimate is $53.7B (-40.7% Y/Y).

Over the last 2 years, RDS.A has beaten EPS estimates 50% of the time and has beaten revenue estimates 75% of the time.

[grupo guitarlumber] 28/7/2020 09:45

DIVI DATES



Announcement date July 30, 2020

Ex-dividend date August 13, 2020

Record date August 14, 2020

Closing of currency election date (see Note below) August 28, 2020

Pounds sterling and euro equivalents announcement date September 8, 2020

Payment date September 21, 2020

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.

[florenceorbis] 27/7/2020 07:19

UBS Buy 1,750.00 - Unchanged

[waldron] 23/7/2020 11:17

Oil and Gas

‘It is going to be brutal’: What to expect as oil and gas majors unveil their second-quarter results

Published Thu, Jul 23 20204:25 AM EDT

Updated 2 Hours Ago

Sam Meredith
@smeredith19

Key Points

“Big Oil” companies witnessed a historic fall in oil and gas prices during the second quarter as coronavirus lockdown restrictions coincided with an unprecedented demand shock.

“I think it is going to be brutal and ugly,” Kathy Hipple, an analyst at the Institute for Energy Economics and Financial Analysis (IEEFA), told CNBC via telephone.

Dividend payouts to shareholders will also be an area of focus for energy market participants.

[waldron] 23/7/2020 06:31

Rough Q2 reports ahead for Big Oil names; BP dividend cut seen likely
Jul. 22, 2020 6:57 PM ET|About: BP PLC (BP)|By: Carl Surran, SA News Editor

For the first time since at least he early 2000s, all five Big Oil supermajors - BP, Chevron (NYSE:CVX), Exxon (NYSE:XOM), Shell (RDS.A, RDS.B) and Total (NYSE:TOT) - are poised to post a quarterly loss, analysts say.

"Worst-in-a-generation oil prices combined with OPEC production cuts, collapsing refining margins and millions of barrels of unsold crude mean no facet of Big Oil's business has emerged unscathed," Bloomberg writes.

For BP, several analysts anticipate a cut in the dividend payout of 30%-65%, a historic move for a company that has been a cornerstone dividend payer.

Exxon, Chevron and Total are not expected to follow suit, although Goldman analysts believe a cut at Exxon "could enable a financially healthier company."

Shell already cut its dividend for the first time since World War II earlier this year.

Exxon's borrowing is rising rapidly and eventually will become a cause for concern, according to Morgan Stanley and Goldman, which says the company's net debt increased $8.8B in Q2 and will surge to $78B by year-end 2022.

Chevron's agreement to acquire Noble Energy this week includes the assumption of $8B of additional debt, but CEO Mike Wirth says the company remains well-placed to pay its dividend.

"Our team has forecasted earnings for 72 quarters and Q2 2020 seems the most difficult of them," says Jefferies' Jason Gammel.

[waldron] 22/7/2020 17:56

Brent Crude Oil NYMEX 43.87 -0.18%
Gasoline NYMEX 1.26 -0.36%
Natural Gas NYMEX 1.70 -0.23%
WTI 41.425 USD -0.26%

FTSE 100
6,207.1 -1.00%
Dow Jones
26,907.36 +0.25%
CAC 40
5,037.12 -1.32%
SBF 120
3,973.19 -1.16%
Euro STOXX 50
3,370.76 -1.01%
DAX
13,104.25 -0.51%
Ftse Mib
20,586.09 -0.66%


Eni
8.707 -2.49%


Total
32.695 -3.14%



Engie
11.225 -0.75%

Orange
10.87 -0.59%


Bp
303.85 -3.83%

Vodafone
129.98 -0.28%

Royal Dutch Shell A
1,262.8 -3.60%



Royal Dutch Shell B
1,208.2 -3.44%


Tullow Oil (TLW)
30.29 -0.99 (-3.16%)

[ariane] 22/7/2020 09:25

Large And Unexpected Crude Build Halts Oil Rally
By Julianne Geiger - Jul 21, 2020, 3:48 PM CDT

The American Petroleum Institute (API) estimated on Tuesday a build in crude oil inventories of 7.544 million barrels for the week ending July 17.

Bulls were disappointed with the news, as analysts had predicted an inventory draw of 1.950 million barrels.

In the previous week, the API reported a major decrease in crude oil inventories of 8.322 million barrels, after analysts had predicted a much smaller draw.

WTI was trading up on Tuesday afternoon prior to the API’s data release, with markets ignoring the uptick in the number of new coronavirus cases in the United States, instead focusing on the vaccine prospects and a successful European stimulus package that was passed. Prices had reached levels not seen since March, prior to the oil price war that Russia and Saudi Arabia waged on the world, and prior to the settling in of the pandemic in the world’s second-largest oil consumer—the United States.

Oil production in the United States has now fallen from 13.1 million bpd on March 13 to 11 million bpd for July 10, according to the Energy Information Administration, for the fourth week in a row. Production has rebounded somewhat from week ending June 12, which saw an average of just 10.5 million bpd produced.

At 1:13 pm EDT on Tuesday the WTI benchmark was trading up on the day by $0.93 (+2.28%) at $41.74—about $2 above last week’s levels. The price of a Brent barrel was trading up as well, by $0.99 (+2.29%), at $44.27—also $2 per barrel higher than this time last week.

The API reported a draw of 2.019 million barrels of gasoline for week ending July 10—compared to last week’s 3.611-barrel draw. This week’s draw compares to analyst expectations for a 1.175-million-barrel draw for the week.

Distillate inventories were down by 1.357 million barrels for the week, compared to last week’s 3.03-million-barrel build, while Cushing inventories saw an increase of 716,000 barrels.

At 4:48 pm EDT, WTI was trading at $41.76 while Brent was trading at $44.31.

By Julianne Geiger for Oilprice.com

[waldron] 21/7/2020 20:42

Shell, Gazprom Neft in JV deal for Siberian development
Jul. 21, 2020 2:59 PM ET|About: Public Joint Stock Company ... (OGZPY)|By: Carl Surran, SA News Editor

Russia's Gazprom Neft (OTCPK:OGZPY) says it signed an agreement with Royal Dutch Shell (RDS.A, RDS.B) to form a joint venture to develop a large-scale hydrocarbon cluster on the Gydan Peninsula in Siberia.

The JV will study a large, promising cluster in the northeastern part of the peninsula containing at least 135M metric tons of oil equivalent hydrocarbon resources.

Following completion, expected this year following receipt of corporate and regulatory approvals, the partners will hold 50-50 stakes in the JV.

Gazprom and Shell also are partners in the Nord Stream 2 gas pipeline, which appears poised for completion after Denmark regulators recently approved a petition that gave the project a technical workaround to U.S. sanctions.

[waldron] 21/7/2020 17:54

Brent Crude Oil NYMEX 44.44 +2.82%
Gasoline NYMEX 1.26 +3.81%
Natural Gas NYMEX 1.70 +1.07%
WTI 41.885 USD +2.65%


FTSE 100
6,269.73 +0.13%
Dow Jones
26,973.88 +1.10%
CAC 40
5,104.28 +0.22%
SBF 120
4,019.95 +0.24%
Euro STOXX 50
3,405.35 +0.45%
DAX
13,171.83 +0.96%
Ftse Mib
20,708.66 +0.42%



Eni
8.929 +1.69%



Total
33.755 +1.66%



Engie
11.31 -0.79%

Orange
10.935 -1.58%

Bp
315.95 +4.21%

Vodafone
130.34 +0.82%

Royal Dutch Shell A
1,310 +2.92%


Royal Dutch Shell B
1,251.2 +2.78%


Tullow Oil (TLW)
31.28 +1.05 (+3.47%)

[waldron] 20/7/2020 18:26

Brent Crude Oil NYMEX 43.13 -0.02%
Gasoline NYMEX 1.21 +0.15%
Natural Gas NYMEX 1.67 -5.27%
WTI 40.57 USD -0.02%

FTSE 100
6,261.52 -0.46%
Dow Jones
26,630.45 -0.16%
CAC 40
5,093.18 +0.47%
SBF 120
4,010.46 +0.51%
Euro STOXX 50
3,388.34 +0.62%
DAX
13,046.92 +0.99%
Ftse Mib
20,647.79 +1.12%


Eni
8.781 -0.36%

Total
33.205 -1.83%



Engie
11.4 +2.29%

Orange
11.11 +0.95%



Bp
303.2 -1.97%

Vodafone
129.28 -0.40%

Royal Dutch Shell A
1,272.8 -2.33%



Royal Dutch Shell B
1,217.4 -1.87%


Tullow Oil (TLW)
: 30.03: -0.65 (-2.12%)

[grupo] 19/7/2020 16:56

July 30, 2020 Second quarter 2020 results and second quarter 2020 interim dividend announcement

[grupo] 19/7/2020 16:12

LNG Markets May Not Recover Until 2021
By Nick Cunningham - Jul 19, 2020, 10:00 AM CDT
Join Our Community

The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020, according to a new report. The LNG glut is hurting both buyers and sellers. In Japan, the largest power generator, JERA, is losing tens of billions of yen because it has contracted to buy LNG at prices linked to crude oil, but because it cannot use all of the gas, it typically resells some cargoes. The problem is that JERA has to resell cargoes on the spot market, where prices are much lower than the oil-linked price. In effect, the group is buying high and selling low.

The worldwide glut has funneled more natural gas into storage around the world. With storage elevated in Europe, the market signaled that supply cuts were necessary. The U.S., which has the most flexible contracting terms (which the industry sold as a feature), is shouldering the burden of rebalancing.

The margin for exporting LNG is negative, and could remain negative for the duration of 2020, according to a new report from the Oxford Institute for Energy Studies (OIES). “This means that an average US LNG cargo would not cover its short-run marginal cash costs delivering to Europe or Asia at current prices,” OIES said.

U.S. LNG exporters have seen dozens of cancelled cargoes because of the glut, although for companies like Cheniere Energy, their finances are somewhat protected because buyers still have to pay fees even if they cancel the cargoes.

The markets are pricing in an improvement in 2021, which is based on “either a very significant surge in Asian gas demand in 2021 or another round of LNG shut-ins to support the gas price,” OIES said. The report forecasts margins remaining below levels that might signal new investment in new capacity through the end of 2023.

“It is therefore clearly relevant to ask whether we should expect to see any new US LNG investment decisions being taken in the foreseeable future, especially with buyers not rushing to sign new long-term contracts,” OIES wrote.

In the short run, cancelled LNG cargoes could divert more natural gas into inventories. U.S. gas storage levels are at the top end of the five-year average range, and Henry Hub prices averaged $1.81 in the first half of the year, a record low for that six-month period.

On the other side of the globe, buyers are growing anxious with an arrangement that has them locked into rigid agreements. The financial losses for JERA are accelerating a push to seek more flexible contract terms, a trend that was already growing in recent years as LNG markets became larger and more liquid (no pun intended).

Related: Shell’s Big Bet On Floating LNG May Be A Flop

“Long-term SPAs [sales and purchase agreements] with rigid terms are no longer suitable for a rapidly changing market,” Hitoshi Nishizawa, a senior executive officer at JERA, said at a recent energy conference in Japan, according to Asia Times Financial.

The change occurred earlier in Europe with the steady demise of oil-linked pricing. In Asia, the market evolution has been a bit slower, but now appears ready to accelerate with the oil-linked price so detached from JKM spot prices. “Although Covid-19 issues remain more important at present, there seems little doubt that if this trend persists we could see a real challenge to oil-linked pricing of LNG in Asia, with the JKM marker already becoming an increasingly important price benchmark,” OIES wrote in its report.

Japan – the largest LNG importer in the world – saw LNG imports decline by nearly 19 percent in May, year-on-year.

The pandemic-related downturn is hollowing out investment in both oil and gas. The number of projects receiving final investment decisions is expected to fall by 75 percent this year, according to Rystad Energy. The total amount of money funneled into new projects will drop to just $47 billion, a very low number that is actually inflated by a set of projects in Norway and Russia. In 2019, the amount of money invested in new oil and gas projects reached $197 billion.

By Nick Cunningham, Oilprice.com

[sarkasm] 18/7/2020 07:21

17 Jul 2020 | 13:53 UTC London

Shell submits plan for Norway Knarr oil field closure

Author Nick Coleman Editor Aastha Agnihotri Commodity Natural Gas, Oil

Highlights

Field produced 13,000 b/d of oil last year

Shell reducing Norway upstream involvement

Still holds stakes in Ormen Lange, CCS project

London — Shell is to cease production from Norway's Knarr oil field, which has been producing at over 10,000 b/d, after an in-fill development well was drilled to maximize recovery, the Anglo-Dutch oil and gas major said July 17.


Knarr produces from a floating production storage and offloading vessel in the northern part of the North Sea and came on stream in 2015. Production last year averaged 13,000 b/d of liquids, mainly crude oil, falling in the first five months of this year to 11,000 b/d, data from the Norwegian Petroleum Directorate shows.

Shell has scaled back its presence in Norway and unlike BP and Total does not hold a stake, direct or indirect, in the Johan Sverdrup field, which has been replenishing production in Europe's highest-producing country.

However, it operates the Ormen Lange gas field, with a stake of just 17.8%, and holds minority stakes in other fields, and is also a partner in the Northern Lights carbon capture and storage project.

In an email, Shell noted it is obliged by Norwegian regulations to submit a decommissioning plan to the authorities at least two years before closing down a field, which it did earlier this year. "A final end of field life timing has not been set," it said.

It added that an in-fill well had been drilled in the second quarter "as part of the strategy of maximizing value from Knarr."

The NPD in a separate statement listed the field as one of three for which cessation of production plans have been submitted this year, the others -- Heimdal and Vale -- already having production under 1,000 b/d.

Shell has announced a 20% capital expenditure cut this year and said it expects to take a post-tax impairment of between $15-$22 billion in the second quarter, while also slashing its dividend for the first time since World War II.