Shell Share Discussion Threads

[grupo guitarlumber] 28/5/2021 10:45

In his latest research note, analyst Jon Rigby confirms his positive recommendation.

The broker UBS is keeping its Buy rating. The target price is still set at GBX 1860.

[florenceorbis] 28/5/2021 08:06

Notice of Results



The Hague, May 28(th) 2021 - On Thursday July 29(th) 2021 at 07:00 BST
(08:00 CEST and 02:00 EDT) Royal Dutch Shell plc will release its second
quarter results and second quarter interim dividend announcement for
2021.

[florenceorbis] 28/5/2021 07:49

Upcoming events on ROYAL DUTCH SHELL PLC

JULY/29/2021 Interim 2021 Earnings Release

OCTOBER/28/2021 Q3 2021 Earnings Release

FEBRUARY/03/2022 FY 2021 Earnings Release (Projected)

MAY/05/2022 Q1 2022 Earnings Release (Projected)

[florenceorbis] 28/5/2021 07:31

Already positive, the research from JP Morgan and its analyst Christyan Malek still consider the stock as a Buy opportunity. The target price continues to be set at GBX 2000.

[florenceorbis] 28/5/2021 07:27

DIVI DATES



1st quarter 2021

The Board of Royal Dutch Shell plc has announced the intended timetable for the quarterly interim dividends.



Closing of currency election date (see Note below) May 28, 2021

Pounds sterling and euro equivalents announcement date June 7, 2021

Payment date June 21, 2021

[lhanhart1996] 27/5/2021 21:45

Dutch Left activists are threatening the global economy. The judges, the lawyers, the activists are all far left. It's a thread, nothing more than that.

[waldron] 27/5/2021 16:45

Expect A Wave Of Climate Lawsuits Against Big Oil Following Shell's Case
By Tsvetana Paraskova - May 27, 2021, 11:00 AM CDT
Trade Oil Futures Now

The environmental group which scored a big win against Shell in court on Wednesday is already helping fellow organizations to sue other Big Oil companies over their contribution to climate change in what could be wave of lawsuits globally.

On Wednesday, a Dutch court ordered Shell to slash its carbon emissions by 45 percent by 2030 in a landmark ruling that could set precedents for other oil companies and that orders the supermajor to cut the net carbon emissions, not the intensity of those emissions as Shell has set in its climate policy.

Friends of the Earth Netherlands filed the lawsuit against Shell in the Netherlands and is now helping other organizations to force emissions reductions at other companies in other countries.

“We are already supporting other organizations to set up similar cases in their countries,” Donald Pols, director of Friends of the Earth Netherlands, told Bloomberg on Thursday.

“This court case and verdict open a whole new approach to climate litigation and because of its success it will be copied by other civil society organizations in the rest of the world,” Pols said.

Commenting on the Dutch court ruling against Shell, Andy Palmen, interim director of Greenpeace Netherlands, said:

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“We can hold multinational corporations worldwide accountable for the climate crisis.”

According to Verisk Maplecroft’s Environmental Risk Outlook 2021, legal liabilities related to climate are becoming more mainstream as nearly 3,000 cases have been lodged since the start of the century, “primarily aimed at changing government policy or claiming compensation from fossil fuel companies for their contributions to global heating.”

North America and Europe are the most common venues for such litigation, but lawsuits are now being brought in major emerging markets in Asia-Pacific and Latin America, Verisk Maplecroft’s Climate Litigation Index shows.

According to a Thursday report by climate think tank Carbon Tracker, the largest international oil and gas companies have all strengthened their climate policies in the last 12 months, “yet none have plans that give investors confidence their business is fully aligned with the Paris Agreement.”

“To align with the Paris Agreement, companies must commit to absolute reductions in carbon emissions from their oil and gas products, with strong interim targets and a credible implementation plan,” said Mike Coffin, Carbon Tracker senior analyst and report author.

Eni, Total, and BP have absolute reduction targets, with Eni having the strongest climate policies. U.S. firms ConocoPhillips, Chevron, and Exxon are the bottom three in the 10-strong list that Carbon Tracker reviewed.

By Tsvetana Paraskova for Oilprice.com

[gibbs1] 26/5/2021 16:40

Energy

Dutch court rules oil giant Shell must cut carbon emissions by 45% by 2030 in landmark case

Published Wed, May 26 20219:44 AM EDTUpdated 49 Min Ago

Chloe Taylor
@ChloeTaylor141

Key Points

The landmark ruling comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and long-term emissions targets that are consistent with the Paris Agreement.

A spokesperson for Shell said the company “fully expect to appeal today’s disappointing court decision.”

[florenceorbis] 25/5/2021 13:43

BLOOMBERG via Insurance Journal


Impending Dutch Court Decision to Test Shell’s Responsibility for Climate Change
By Hugo Miller and Laura Hurst | May 25, 2021


A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives globally.

A panel of judges in a lower court in The Hague will rule on Wednesday in a case being followed closely by Big Oil executives worldwide. While the verdict is only legally binding in the Netherlands, it’s being closely watched as a new area of litigation and may guide deliberations by judges elsewhere.

Shell was sued by Milieudefensie, the Dutch arm of Friends of the Earth, whose lawyers spent two weeks in court earlier this year arguing that the company is violating human rights by extracting fossil fuels and undermining the Paris Agreement’s aim of limiting temperature increases to less than 1.5 degrees Celsius.

Oil companies around the world have a so-called duty of care they must respect in the countries they operate to avoid oil spills and other non-deliberate acts of pollution. A verdict holding them liable for greenhouse gas emissions caused by the burning of fossil fuels they’ve extracted would be a landmark victory for environmental campaigners, who’ve increasingly turned to courts to seek reforms. At last count, there were close to 1,700 climate change cases targeting governments and companies, according to the climatecasechart.com database.

“Without doubt, it’s a very important case,” said Eric De Brabandere, a professor of international dispute settlement at the University of Leiden in the Netherlands. “Not only because it directly targets such a big oil company but also indirectly attacks the whole oil extraction industry.”

Shell acknowledges it has a role in dealing with climate change and says it’s doing so, but that it’s better achieved through cooperation rather than court action.

“Addressing climate change is a huge, huge challenge and requires a collaborative and global approach,” Shell Legal Director Donny Ching said at the company’s annual meeting last week. “I don’t think litigation is going to help us.”
17,000 Plaintiffs

Milieudefensie rounded up 17,000 people to sign on as co-plaintiffs in its complaint, which it says is the “first time a court has been asked to order a polluting transnational corporation to emit less CO₂ to save the climate.”

“Judges around the world are being confronted by climate change cases and are looking to other judges for points of reference,” said Michael Burger, executive director of Columbia Law School’s Sabin Center for Climate Change Law.

Recent decisions have not gone Shell’s way in both countries in which the Anglo-Dutch company is jointly listed. Thousands of Nigerians can sue Shell in London over environmental damage in the West African nation, the UK’s top court said in February. A month earlier, a Dutch court ordered Shell’s Nigerian unit to compensate locals for oil spills 13 years ago in a case that was also brought by Milieudefensie.

New York City suffered a setback last month in its effort to make Shell, Exxon Mobil Corp., BP Plc and other energy companies help cover the public costs of dealing with climate change, as a federal appeals court ruled the global problem demands political rather than legal action.

Holding a corporation liable for violating the Paris Agreement to which it’s not a signatory may not be compatible with international law. Although the case is being heard in The Hague, home to the International Court of Justice and International Criminal Court, it’s being held under Dutch law at a local court of first instance.

“The test will be: to what extent does Shell have an obligation to reduce climate change, and that’s not a given,” De Brabandere said. “International law doesn’t really apply to companies, but to governments who then have a duty to apply it to companies.”

A Dutch environmental group successfully sued the Dutch government in 2015, pushing it to cut greenhouse gas emissions. The Dutch Supreme Court upheld the decision in 2019, saying “the state is obliged to do ‘its part.'”

The International Energy Agency last week put the focus back on energy companies, telling them to stop developing new oil, gas and coal fields today or face a dangerous rise in global temperatures.

“The days of fossil fuel extraction are numbered and traditional oil exploration companies will have to switch to green alternatives quickly,” said Angus Walker, a partner at the London firm of BDB Pitmans. “Shell may need to read the writing on the wall and catch up, whether or not it wins this case.”

[stutes] 25/5/2021 10:45

It looks as if Irsn is coming back into the international community and the oil ban lifted. If the ban is lifted, how may barrels will be exported and over what time scale?

[sarkasm] 18/5/2021 19:03

Biden to waive sanctions on firm in charge of Nord Stream 2 - Axios
May 18, 2021 2:56 PM ETPublic Joint Stock Company Gazprom (OGZPY)By: Carl Surran, SA News Editor

The U.S. will waive sanctions on the corporate entity and CEO overseeing the construction of the Nord Stream 2 pipeline, which would indicate that the Biden administration is not willing to rupture its relationship with Germany over the pipeline, Axios reports.
The State Department soon will send its mandatory 90-day report to Congress listing entities involved in Nord Stream 2 that deserve sanctions, but it will call for sanctions only against a handful of Russian ships, according to the report.
The Gazprom-led (OTCPK:OGZPY) project includes western partners Royal Dutch Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).
The pipeline could be finished by late summer without a major intervention to stop it; Germany's federal maritime regulator just issued a ruling allowing work on the project to proceed in German waters.

[stutes] 16/5/2021 15:00

If Biden changes the tax levy on fossil fuel firms, how will it affect RDSA?

[grupo guitarlumber] 09/5/2021 17:55

The Board of Royal Dutch Shell plc has announced the intended timetable for the quarterly interim dividends.


Announcement date April 29, 2021

Ex-dividend date for ADS.A and ADS.B May 13, 2021

Ex-dividend date for RDS A and RDS B May 13, 2021

Record date May 14, 2021

Closing of currency election date (see Note below) May 28, 2021

Pounds sterling and euro equivalents announcement date June 7, 2021

Payment date June 21, 2021

[grupo guitarlumber] 09/5/2021 17:36

Event Date



MAY/18/2021 Annual General Meeting

MAY/26/2021 Investor Day

[waldron] 30/4/2021 17:03

Oil Giants Recover as Prices Rebound -- Update

04/30/2021 | 03:27pm BST


By Christopher M. Matthews

Big oil companies returned to profitability during the first quarter as they recovered from the unprecedented destruction of oil and gas demand wrought by the coronavirus pandemic.

Exxon Mobil Corp. reported $2.7 billion in net income Friday, its first quarterly profit since the pandemic erupted last spring, while Chevron Corp. reported $1.4 billion in first-quarter profit. The results were boosted by rising oil prices during the first months of 2021, as countries around the world soften coronavirus quarantines.

The largest European oil companies, BP PLC, Royal Dutch Shell PLC and Total SE, all reported profits earlier in the week after enduring huge losses last year.

"That recovery, which we had anticipated happening at some point in time, is happening sooner than we anticipated," Exxon Chief Executive Darren Woods said in an interview Friday. "As economies are reopening and rebounding quicker, in some places, than expected, we are seeing a demand response."

Oil companies endured one of their worst years on record in 2020, as Covid-19 lockdowns choked off demand for oil and gas as road and air traffic fell precipitously. Exxon reported its first annual loss in modern history in 2020 of about $22 billion.

But cautious optimism has been mounting that global economic activity could return to pre-pandemic levels later this year as vaccines become more widely available around the world.

Chevron Chief Financial Officer Pierre Breber said that demand for gasoline and diesel was nearly back to pre-pandemic levels, and that jet fuel is the last remaining overhang, with strong signs that domestic air travel in the U.S. is picking up.

"As we look forward, the next couple of quarters look very good," Mr. Breber said in an interview. "We feel good about our ability to generate cash."

Chevron's net income was down about 62% from the same quarter last year, but was a substantial increase from a $665 million loss in the previous quarter. Exxon's $2.7 billion profit compared with a $610 million loss a year ago. BP's profit more than tripled from the previous quarter to nearly $4.7 billion, and Shell reported a profit of almost $5.7 billion.

Share prices for the world's largest energy companies have moved in tandem with oil prices that have rebounded markedly in recent months. U.S. oil prices are up nearly 80% over the past six months, while the shares of Exxon, Chevron, BP and Shell are collectively up about 65%.

On Thursday, U.S. oil prices neared a six-week high of about $65 a barrel but fell around 2.5% in early trading Friday as traders eyed a build in crude and gasoline stockpiles. The share prices of Exxon, Chevron, BP and Shell were collectively down nearly 2% in early trading Friday.

The optimism about oil and gas demand rebounding is being tempered by concerns about rapidly rising Covid-19 case numbers in India and South America, said Bjornar Tonhaugen, an analyst at Rystad Energy. Reduced economic activity in India alone may sap as much as 900,000 barrels of oil a day from global demand, according to Rystad.

"For the moment optimism is helping prices, but every trader's eyes are on India," Mr. Tonhaugen said. "The oil bulls are out again but it's doubtful that they are having a confident and calm sleep."

In response to growing profits, Chevron, BP and Shell boosted their payouts to investors. On Wednesday, Chevron increased its quarterly dividend by 4%, while Shell also raised its dividend 4%, the second increase since slashing it last year. BP said it would buy back $500 million of shares. Total and Exxon held their dividends flat.

The weeklong freeze in Texas that left millions without power in February affected profits for many of the companies, which both produce oil in the state and own plants there to convert the hydrocarbons into fuels and plastics.

Chevron's refining and chemical units reported $5 million in profits, down from $1.1 billion a year ago, which Chevron CEO Mike Wirth attributed to the February storm and continuing impact of the pandemic. In total, the storm cut about $300 million from its profit, Chevron said.

Exxon said the extreme weather reduced earnings by nearly $600 million. Meanwhile, analysts attributed the strong performance of BP's trading unit to its ability to capitalize on substantial price fluctuations during the storm.

Despite the improving conditions, Chevron has pledged to keep capital expenditures austere. Mr. Wirth said capital spending decreased 43% from last year during the quarter, citing its corporate restructuring last year that saw as much as 15% of its workforce laid off. Exxon also has pledged fiscal restraint, saying its plan to cut annual capital spending by about 30% remains unchanged.

Some investors are deeply skeptical of the industry notwithstanding climbing commodity prices, according to Paul Sankey, an independent oil and gas analyst. Most of the companies' share prices are still trading below their pre-pandemic levels as investors evaluate the firms' plans to navigate tightening global regulations on carbon emissions.

Earlier this month, President Biden pledged to cut U.S. emissions by about 50% from 2005 levels by 2030, targeting greenhouse gases from power plants, buildings and the transportation sector. Mr. Woods said Friday that Exxon is engaging with officials on climate policy and has urged the government to set a price on carbon, which it says would spur investment in carbon-reducing technologies.

Mr. Sankey said the industry delivered poor results for years from their core oil business before the pandemic, leaving some to doubt they can reap profits from renewable energy or technologies to reduce carbon emissions, which some of the companies have promised to do.

"Their track record is not good enough for them to get into a new theme, because they did so poorly on the old one," Mr. Sankey said.

Write to Christopher M. Matthews at [e-mail]

(END) Dow Jones Newswires