Shell Share Discussion Threads

[piperpeter] 11/10/2020 21:55

PPC

Pp.

[waldron] 09/10/2020 17:58

Brent Crude Oil NYMEX 43.53 +0.44%
Gasoline NYMEX 1.20 -0.42%
Natural Gas NYMEX 3.23 +2.80%
WTI 41.25 USD +0.17%


FTSE 100
6,016.65 +0.65%
Dow Jones
28,649.61 +0.79%
CAC 40
4,946.81 +0.71%
SBF 120
3,930.73 +0.61%
Euro STOXX 50
3,273.12 +0.37%
DAX
13,051.23 +0.07%
Ftse Mib
19,582.76 +0.00%




Eni
6.862 -0.33%


Total
29.95 +1.54%



Engie
12.14 +0.08%

Orange
9.436 +2.88%


Bp
222.1 +0.57%

Vodafone
111.16 -0.05%

Royal Dutch Shell A
1,016.4 +2.09%



Royal Dutch Shell B
978.9 +2.06%

TULLOW(TLW)
18.65 GBX +2.78%

[ariane] 07/10/2020 14:31

07/10/2020 1:43pm
Dow Jones News

Royal Dutch Shell (LSE:RDSA)
Intraday Stock Chart


Wednesday 7 October 2020
Click Here for more Royal Dutch Shell Charts.

--Poland's anti-monopoly office fines Russian giant for undertaking work without consent

--Gazprom said it will appeal the fine

--Shell, Uniper and OMV disagree with regulator's findings



By Anthony O. Goriainoff, Giulia Petroni and Adria Calatayud



Poland's anti-monopoly office UOKiK said Wednesday that it had imposed a 29 billion-zloty ($7.58 billion) fine on Gazprom PJSC related to the building of the Nord Stream 2 gas pipeline.

UOKiK said the Russian energy giant was one of six companies working on the gas pipeline fined for undertaking work "without the required consent of the president of UOKiK."

The regulator also imposed fines amounting to PLN234 million on France's Engie SA, Germany's Uniper SE and Wintershall AG, Austria's OMV AG, and Anglo-Dutch oil major Royal Dutch Shell PLC.

The Polish watchdog said the entities concerned are obliged to terminate the agreements for financing the project, which was intended to increase Russia's gas export capacity via the Baltic Sea.

The Polish anti-monopoly authority said the companies concluded--without permission to establish a joint venture--a number of agreements concerning the pipeline's financing and a number of other authorizations, such as, for instance, the ability to interfere with the operation of NS2.

UOKiK said that in 2016 its president voiced concerns regarding the plan and noted that the planned transaction could lead to the restriction of competition and presented its reservations. The companies then withdrew the application, meaning in practice that they were prohibited from performing the merger, the regulator said.

The regulator said information surfaced shortly thereafter stating that the companies had signed an agreement for the financing of the gas pipeline.

"Therefore, proceedings against Gazprom and its five trading partners regarding the execution of the transaction without obtaining approval from the authority were initiated," the regulator said.

"The financial penalties imposed are intended not only to convince the parties involved to observe the law, but also to discourage other players from attempting similar behaviors that violate anti-monopoly regulations in the future," UOKiK president Tomasz Chrostny said.

Gazprom said it disagrees with the fine because it didn't violate Polish antitrust laws. The company said it will appeal the fine.

"The decision of UOKiK violates the principles of legality, proportionality and fair trial, and the unprecedented amount of the fine indicates a desire to oppose the implementation of the Nord Stream 2 project by any means," the company said Wednesday, according to Russian state news agency TASS.

Uniper said it is considering a possible appeal against the UoKiK decision, as it doesn't share the assessment presented by regulator. A decision can take up to four or five years and, depending on the decisions, fines wouldn't be due until then, the German energy company said.

Uniper said the agreements concluded between the Nord Stream 2 financial investors and Gazprom aren't a joint venture but financing agreements, and that financing agreements don't constitute a notifiable concentration under Polish merger control law.

Spokespeople for Shell and OMV said they are reviewing the UoKiK's decision.

"We strongly disagree with UOKiK's decision," a Shell spokesperson said.

OMV said it is of the clear opinion that it has complied with all applicable laws.

Engie and Wintershall didn't immediately respond to requests for comment.



Write to Anthony O. Goriainoff at [e-mail]



(END) Dow Jones Newswires

October 07, 2020 08:28 ET (12:28 GMT)

[maywillow] 05/10/2020 11:26

Don't Miss Total In The Sell-Off Of The Energy Sector

Oct. 5, 2020 5:22 AM ET|

Aristofanis Papadatos

Summary

The entire energy sector is going through a fierce sell-off due to the pandemic, in contrast to the rest of the market, which is hovering around its all-time highs.

Total is by far the most resilient oil major during downturns.

It exhibited superior results in the downturn of the energy sector between 2014 and 2016 and in 2019. Moreover, it is the only profitable oil major this year.

Total is likely to offer exceptional risk-adjusted returns off its current price.


Final thoughts

The entire energy sector has been beaten to the extreme due to the pandemic. As a result, Total has become grossly undervalued and hence those who purchase it now are likely to be highly rewarded in the long run, when the dust settles and the panic subsides. The other oil majors have plunged much more than Total and thus they may offer greater returns, particularly if the energy market enjoys a swift recovery. However, conservative investors should probably select Total for its resilience in the event of a prolonged downturn. In this way, they will be able to remain patient much more readily throughout the ongoing downturn.

[adrian j boris] 04/10/2020 08:58

There is disagreement as to how long it will take for oil to recover and whether it ever will. The lockdowns and other restrictions may have changed patterns of behaviour for the foreseeable future, although we will only know once we're on the other side of the pandemic. Energy companies, it would appear, are not waiting to find out.

Professor Paul Stevens, from the UK's Chatham House, spoke to CGTN about the situation.

[waldron] 02/10/2020 22:05

Supreme Court to take up energy firms' appeal over Baltimore climate suit
Oct. 2, 2020 12:05 PM ET|About: BP p.l.c. (BP)|By: Carl Surran, SA News Editor

The U.S. Supreme Court agrees to hear an appeal by energy companies including BP, Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Royal Dutch Shell (RDS.A, RDS.B) contesting Baltimore's lawsuit seeking damages for the impact of global climate change.

The justices will consider whether the lawsuit must be heard in state court - as the city would prefer - or in federal court, which corporate defendants generally view as a more favorable venue.

Baltimore and the other jurisdictions including Rhode Island and New York City are seeking damages under state law for the harms they say have occurred due to climate change, which they attribute in part to the companies' role in producing fossil fuels that produce carbon dioxide and other greenhouse gases.

[waldron] 02/10/2020 17:24

Brent Crude Oil NYMEX 39.69 -3.03%
Gasoline NYMEX 1.11 -2.04%
Natural Gas NYMEX 2.99 -0.93%
WTI 37.559 USD -2.34%


FTSE 100
5,902.12 +0.39%
Dow Jones
27,625.4 -0.69%
CAC 40
4,824.88 +0.02%
SBF 120
3,825.38 -0.01%
Euro STOXX 50
3,186.38 -0.03%
DAX
12,689.04 -0.33%
Ftse Mib
19,018.9 -0.22%



Eni
6.497 +0.54%



Total
28.21 -0.98%


Engie
11.46 +0.31%

Orange
8.84 +1.80%


Bp
214.4 -1.74%

Vodafone
102.82 +1.10%

Royal Dutch Shell A
933.1 +0.55%



Royal Dutch Shell B
904 -0.36%

Tullow Oil (TLW)
14.295 -0.23 (-1.58%)

[buywell3] 30/9/2020 21:41

This chart of what once was a Major stock a world leader is symptomatic IMO of what is now happening to stocks in certain sectors most affected by Covid-19


90% of investors have now woken up to this but only recently


But with lots of monies tied up in FTSE 100 trackers , the decline has not IMO as yet been pursuant with the gravity of the MACRO event that is only just begun

2021 will be the year when the truth about Covid-19 is revealed and people realize we are in for a long haul fight with SARS-CoV-2.

So long in fact that many scientists now believe it could be here to stay like the other Four Coronaviruses that affect us --- but not anything like so bad as this one that we can catch twice and more times ---- suffering organ additive damage each and every time.


Governments need to accept this and ramp up the use of technology to help humans co-exist as best as possible with this virus which is a 24/7 and all year round killer.

Far-UVC light has been recently proved to kill Covid-19 in 30 secs though the FDA have not updated their Aug 19th UVC guidance to reflect this fact or the pwer levels that have been provided and the distance of the source Far-UVC light from the Covid-19 test sample ---- all given in the paper ( see BUY thread for links)

Ushio a Japanese billion dollar company has made a Far-UVC light which meets USA present rules & regs , a multi billion dollar company in the USA has done a deal with Ushio to market this product ---- to kill Covid-19 in the air and on surfaces inside such places as Hospitals , Care Homes , Schools colleges and UNI's , offices and public buildings.


However the Ushio product is just the trail blazer product as it uses an excimer

IMO Far-UVC LED's and Laser Diodes will be what the world can use to function once more without lockdowns --- used with ordinary LED's these new Far-UVC LED's can and will not only provide visible illumination BUT also invisible ( can't see Far-UVC) disinfection against not only Covid-19 but also all pathogens , influenza , bacteria and other nasty microbes that cause diseases and infections.


Plus these new LED lights will protect humans going into the future when the next Coronavirus comes along in around 8 years from now. With these disinfectio/illumination LED Lights it is entirely possible that another pandemic might in fact never happen --- certainly it would not get a hold in those countries that did fully adopt this technology which is safe --- see BUY thread for links.


Companies like Shell needing to move away from OIL before it's use collapses any further and they still have the clout required --- should IMO look at investing into this very lucrative area which should kick off in a big way as further trial results will soon be released by Prof Brenner working out of Columbia University USA.

Technology is the only way out of this predicament now --- talking won't do it --- vaccines won't do it --- and we won't find a cure.

Boeing took out patents on this use in planes --- they have developed a toilet that uses UVC but not Far-UVC ( which has thus far been proved safe in trials )
Boeing just announced last week the use of an excimer hand used UVC disinfection lamp to be used to clean planes inside

buywell can see its use rapidly being implemented in Planes and Buses and Boats and Trains to get Transport moving once more --- see BUY for links on Boeing

imo dyor

[grupo] 30/9/2020 11:00

By Sarah McFarlane

Royal Dutch Shell PLC said it would cut up to 9,000 jobs in a broad restructuring, as the energy giant grapples with the continuing fallout of the coronavirus pandemic.

News of the cuts came Wednesday as the company warned it would report another set of poor earnings for the third quarter. Shell flagged a weaker performance in its trading activities -- previously a bright spot in an otherwise tough second quarter -- and said its oil-and-gas production business would report a second consecutive quarterly loss.

The update from Shell gives a first glimpse at how the world's biggest oil companies have continued to struggle in the most recent quarter. The pandemic has sapped demand for oil, sending prices tumbling and hitting profits hard. That has already prompted Shell to write down the value of some of its assets and cut its dividend for the first time since World War II.

Shell said it was restructuring to focus more on the highest value oil it produces, grow in liquefied-natural gas and invest in low carbon energy businesses, while shrinking its refining operations. It expects the plan to deliver annual cost savings of $2 billion to $2.5 billion by the end of 2022, including from the staff cuts, less travel and fewer contractors.

It expects to cut between 7,000 and 9,000 jobs from its more than 80,000 employees.

The planned job cuts follow similar moves at peers including BP PLC and Chevron Corp. to rein in costs amid the pandemic.

Shell said its restructuring isn't just a response to the pandemic, but also part of a broader plan to accelerate investments in low-carbon energy.

The company says that by 2050 it will sell predominantly low-carbon electricity, biofuels, hydrogen and other solutions. However, it says it needs its oil-and-gas business to perform well to fund that change.

Chief Executive Ben Van Beurden said Shell's core business would be critical to the effort. "We need it to be very successful, so we have the financial strength to invest further in our lower-carbon products," he added.

Shell is expected to update its strategy early next year, including giving details on its future spending on low-carbon energy.

BP earlier this year announced the most aggressive plan so far by an oil major to shift away from oil and gas -- cutting its production by 40% in the next decade -- while expanding in areas including wind and solar energy.

Detailing its performance in the third quarter, Shell said its LNG business would report lower margins, as long-term contracts started to reflect lower oil prices. It also said refining activity fell, although noted an improvement at its oil product marketing business compared with the previous quarter.

Analysts said the update was in line with expectations and that they hoped Shell would give more clarity about its restructuring plans when it reports its third-quarter results on Oct. 29.

Write to Sarah McFarlane at [e-mail]



(END) Dow Jones Newswires

September 30, 2020 05:30 ET (09:30 GMT)

[grupo] 30/9/2020 10:53

Shell plans to cut 9,000 jobs ahead of green shift
Sep. 30, 2020 2:55 AM ET|About: Royal Dutch Shell plc (RDS.A)|By: Yoel Minkoff, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) will slash up to 9,000 jobs, or over 10% of its workforce, as it nears the end of a global restructuring review designed to position it for a green energy transition.

"We have to be a simpler, more streamlined, more competitive organization," CEO Ben van Beurden declared. "We feel that, in many places, we have too many layers in the company: too many levels between me, as the CEO, and the operators and technicians at our locations."

The move adds to the growing list of major announcements this year which has seen Big Oil slash dividends, take multibillion-dollar writedowns and ax jobs following oil's coronavirus-induced plunge.

In June, BP said it planned to cut 10,000 jobs as it moved into cleaner energy, Chevron intends to trim 10-15% of its global workforce, while Exxon Mobil is reviewing staffing country by country.

On the operations side of things, Shell said production was set to drop sharply in Q3 to between 2,150 and 2,250 thousand barrels of oil equivalent per day, refining margins will be "significantly" lower than in Q2 and it sees post-tax impairment charges of $1B-1.5B.

[la forge] 29/9/2020 15:05

Rosneft calls BP and Shell's shift to renewables an 'existential crisis'
Sep. 29, 2020 5:31 AM ET|About: Public Joint Stock Company... (RNFTF)|By: Yoel Minkoff, SA News Editor

There's a growing divide between state-backed companies and oil majors that have helped shape the modern energy industry.

Attacking their shift towards renewables, Russia's Rosneft (OTCPK:RNFTF) lashed out at BP (NYSE:BP) and Royal Dutch Shell (RDS.A, RDS.B) for creating an "existential crisis" for oil supplies.

"I think that to go away from your core business, which is what they are doing, somebody will need to step in... somebody will need to take that responsibility," Rosneft's Didier Casimiro told the Financial Times Commodities Global Summit. "It is an existential threat for supply. It is an existential threat for price volatility... we will have a [supply] crunch, price volatility, and yes higher prices."

Note: BP holds a 20% stake in Rosneft as a legacy of its investments in Russia.

[la forge] 29/9/2020 13:47

Abigail Townsend
Sharecast News
29 Sep, 2020 13:19 29 Sep, 2020 13:19
Shell set to unveil job losses - report


Royal Dutch Shell is reportedly close to announcing potentially thousands of job cuts as it responds to the global slump in oil prices and looks to reposition itself as a green energy provider.

In July, Shell posted a second-quarter net loss of $18.3bn, compared to a net profit of $3bn in the second quarter of 2019, after it wrote down the value of oil and gas assets following a collapse in oil prices.

Covid-19 has caused global demand for oil to plummet. Brent crude futures started the year at close to $70 per barrel but tumbled below $20 a barrel at the peak of the pandemic. As at 1300 BST on Tuesday, they were trading at $41.73 per barrel.

At the time, chief executive Ben van Beurden told reporters that plans to restructure and streamline the business were being drawn up and that Shell would end up "probably with fewer people" as a result.

According to a report in The Times on Tuesday, the Anglo-Dutch giant could set out the scale of those losses as early as Wednesday, when it is expected to update on trading ahead of posting third-quarter results in October.

A Shell spokesperson was not immediately available for comment.

Shell, which earlier this year cut its dividend for the first time since the Second World War, wants to reduce its reliance on oil and gas and has set itself a goal of net zero emissions by 2050. It employs around 6,500 people in the UK out of a global workforce of approximately 83,000.

In June, fellow oil major BP announced it was cutting 10,000 jobs following the collapse in oil prices. BP employs around 15,000 people in the UK.

[grupo guitarlumber] 28/9/2020 13:15

09/28/2020 | 10:59am BST

UBS analyst Jon Rigby maintains his Buy rating on the stock.


The target price is still set at GBX 1750.

[adrian j boris] 26/9/2020 07:58

Spot natural gas prices at the Dutch TTF hub are also at multi-month highs at over $3/MMBtu, compared to a low of below $1/MMBtu in May, opening the window for profitable U.S. LNG exports to the region again.

Having plunged by more than 50 percent between January and July, U.S. LNG exports are set to pick up the pace, and the increase already started in August.

As per EIA estimates, U.S. LNG exports averaged 3.7 Bcf/d in August, up by 19 percent from July amid rising spot and forward natural gas prices in Europe and Asia.

“Higher global forward prices indicate improving netbacks for buyers of U.S. LNG in European and Asian markets for the upcoming fall and winter seasons amid expectations of natural gas demand recovery and potential LNG supply reduction because of maintenance at the Gorgon LNG plant in Australia,” the EIA said, expecting U.S. LNG exports to return to pre-COVID levels by November 2020 and to average more than 9 Bcf/d from December 2020 through February 2021.

The EIA expects that lower U.S. gas production, coupled with rising domestic demand and demand for LNG exports in the winter, will send Henry Hub spot prices jumping to a monthly average of $3.40/MMBtu in January 2021. Monthly average spot prices are set to remain above $3.00/MMBtu for all of next year, averaging $3.19/MMBtu in 2021, up from a forecast average of $2.16/MMBtu in 2020.

By Tsvetana Paraskova for Oilprice.com

[waldron] 25/9/2020 17:43

Brent Crude Oil NYMEX 42.24 -0.52%
Gasoline NYMEX 1.18 +0.58%
Natural Gas NYMEX 2.82 -1.40%
WTI 40.076 USD -0.45%


FTSE 100
5,842.67 +0.34%
Dow Jones
26,873.53 +0.22%
CAC 40
4,729.66 -0.69%
SBF 120
3,746.87 -0.53%
Euro STOXX 50
3,137.06 -0.70%
DAX
12,469.2 -1.09%
Ftse Mib
18,681.37 -1.19%

Eni
6.88 -1.81%



Total
28.06 -3.32%ex divi day


11.12 -0.13%

Orange
8.89 -1.44%



Bp
233.3 +0.39%

Vodafone
103.8 -0.04%

Royal Dutch Shell A
1,004.8 -0.91%


Royal Dutch Shell B
972.1 -0.61%


Tullow Oil (TLW)
: 15.46 -0.195 (-1.25%)

[grupo guitarlumber] 20/9/2020 11:35

strong resistence 12.47 euros

strong support 10.67 euros


current share price 11.45 euros

[waldron] 19/9/2020 08:31

HURRICANE SEASON




tropical storms be acomin

BETA,TEDDY AND WILFRED

[waldron] 19/9/2020 08:26

DIVI DATES





Payment date September 21, 2020