Shell Share Discussion Threads

[the grumpy old men] 28/11/2017 07:37

Shell to get rid of scrip dividend from Q4

Written by Mark Lammey - 28/11/2017 7:18 am

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Oil major Shell said today that it would cancel its scrip dividend programme from the current quarter.

Scrip dividends allow shareholders to take payments in shares instead of cash.

Shell’s move means the fourth quarter 2017 interim dividend and future dividends will be paid out in cash.

The Q4 interim dividend will be announced on February 1, 2018.
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But the scrip remains in place for the Q3 dividend, payable on December 20.

BP said a month ago that it would start buying back its own shares to offset dilution caused by its own scrip dividend.

Shell made its announcement at its 2017 management day.

Updating investors on its strategy, Shell said its outlook for annual organic free cash flow had increased to $25-$30billion by 2020 at a Brent crude oil price of $60 per barrel.

That is $5billion more than the outlook Shell provided during its capital markets day in June 2016.

Furthermore, its $30billion divestment programme between 2016 and 2018 is almost delivered, with deals worth $23billion completed, $2billion announced, and $5billion in advanced progress.

Shell chief executive Ben van Beurden said: “We have increased our outlook for organic free cash flow, which has been consistently strong over the past five quarters.

“We have also made significant progress with our divestment programme, allowing us to reduce net debt in that time.

“Meanwhile, we intend to cancel our scrip dividend programme with effect from the fourth quarter 2017.”

Shell also outlined a new target for reducing carbon emissions from its products.

“Shell aims to cut the net carbon footprint of its energy products – expressed in grams of CO2 per megajoule consumed – by around half by 2050. As an interim step, by 2035, we aim to reduce it by around 20%,” Mr van Beurden said.

“We will do this in step with society’s drive to align with the Paris goals, and we will do it by reducing the net carbon footprint of the full range of Shell emissions, from our operations and from the consumption of our products.”

Mr van Beurden added: “Taken together, these next steps, and the strategy and portfolio strength that underpin them, will deepen Shell’s financial resilience and competitiveness, help to ensure our long-term business relevance and keep us firmly on the path to becoming and remaining a world-class investment.”

[the grumpy old men] 28/11/2017 07:28

DIVI

Pounds sterling and euro equivalents announcement date December 7, 2017
Payment date December 20, 2017

[grupo] 27/11/2017 12:51

Oil giant Shell has penned a deal with high-powered network operator IONITY to offer faster charging points to electric vehicle drivers (EVs) across ten European countries.

The new agreement between Shell and IONITY will see 80 charging points installed across pre-existing motorway service stations.

IONITY is a group joint venture between companies such as BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Audi and Porsche.

The group of car giants has come together to ensure the installation of a 350-kilowatt charger network on Europe’s major highways, allowing EV drivers to have peace of mind while driving long distances.
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István Kapitány, Shell’s global executive vice president of retail, said. “Customers want to go on long journeys in their electric vehicles and feel confident that there are reliable, comfortable and convenient places to charge them quickly.

“Demand for electric vehicle charging on Europe’s major highways is set to grow rapidly. We are pre-empting drivers’ need to charge quickly by becoming one of IONITY’s major partners, giving customers access to the fastest charge points across 10 European countries.”

This new announcement comes off the back of Shell’s acquisition of NewMotion, one of Europe’s fastest growing charging providers.

Shell has also recently launched Shell Recharge, fast charging ports installed within forecourts across the UK.

Dr. Michael Hajesch, IONITY’s Chief Executive, said. “IONITY and Shell share a common goal: to enable convenient long-distance travel with electric vehicles across Europe by providing reliable fast-charging infrastructure.

“Joining forces means combining Shell’s long history and experience in retail with our state-of-the-art technology for fast charging. It will significantly increase the customer satisfaction of EV drivers.”

[sarkasm] 25/11/2017 17:32

BusinessMarkets

Future of energy stocks rests on Russia as OPEC meeting looms
Originally published November 25, 2017 at 8:00 am

Russia has added suspense to Thursday’s OPEC meeting by sending mixed signals about its position on the extension of a deal on production cuts. If it’s not extended, energy stocks could sell off.
By Ksenia Galouchko
Bloomberg News

The immediate future of the world’s worst-performing equity sector hinges on a Thursday meeting of major oil producers, where Russia’s stance on the extension of production cuts could be a deal-breaker.

Even after a recent jump in the price of oil helped the MSCI World Energy Index lessen some of this year’s losses, it’s still the biggest laggard globally with a retreat of 3.6 percent as investors have worried about the commodity’s outlook.

Russia has added suspense to Thursday’s meeting by sending mixed signals about its position on the extension of the deal.

If the OPEC meeting fails to prolong production curbs past March, brokerage Drexel Hamilton warns that the unwinding of record net long positions in world oil markets could be “quite painful” for exploration and production companies.


“The correction could be more serious than expected if investors decide to sell their positions despite the danger of increasing tensions in the Middle East,” said Guillermo Hernandez Sampere, head of trading at MPPM EK in Eppstein, Germany, who expects a continuation of production cuts.

If major oil producers fail to agree to the deal’s extension on Thursday, oil prices could drop by $5 a barrel before the year-end, triggering a sell-off in energy stocks, which will need to readjust to lower crude-level expectations, according to Jason Kenney, an analyst at Banco Santande.

In any case, investors have priced in OPEC’s constraint agreement lasting through mid-2018 and may use the meeting’s result to take profits, he said.

“Russia is playing it canny and will continue to monitor the state of the oil market before actually committing to continued supply restraint beyond end-March,” Kenney said by email. “I see little reason for oil to outperform a potential rising broader market in 2018. In the absence of a significantly stronger oil price, the oil sector is likely to remain very much in transition.”

Still, some analysts remain optimistic about the energy sector, with Credit Suisse saying it sees “more attractive” risk-rewards in oil and gas equities than in the oil commodity because of valuations, positioning and sentiment.


Ksenia Galouchko

THE SEATTLE TIMES

[grupo guitarlumber] 20/11/2017 21:41

Trend.Az

Home Business Oil&Gas

Shell eyes oil and gas projects in Kazakhstan
17 November 2017 14:39 (UTC+04:00)

2

Baku, Azerbaijan, Nov.17

By Nigar Guliyeva – Trend NEWS AGENCY

Kazakh President Nursultan Nazarbayev met with Royal Dutch Shell PLC delegation headed by CEO Ben van Beurden, the press service of the president reported.

The sides discussed current issues and prospects for cooperation in the oil and gas sector of the country, including the further development of the Karachaganak and Kashagan projects.

Berden recalled that on Nov.18, 20 years will pass from the signing of the Production Sharing Agreement on these fields.

"These projects turned out to be very good and effective. All expenses were repaid on time, and now the projects are working for profit," Nazarbayev responded in turn.

Kazakh Prime Minister, Bakytzhan Sagintayev also met with the Royal Dutch Shell PLC delegation.

The sides discussed the issues of the cooperation and the implementation of the joint oil and gas industry projects in Kazakhstan.

Shell is a global group of energy and petrochemical companies. Shell, a British-Dutch multinational oil and gas company, is one of the parties to the North Caspian Production Sharing Agreement signed on 18th November 1997.

Kazakhstan, holding 3 percent of the world's oil reserves, is among the top 15 countries in the world in terms of proven oil reserves.

Oil and gas bearing areas occupy 62 percent of the country's territory, and have 172 oil fields, of which more than 80 are under development. More than 90 percent of the oil reserves are concentrated in the 15 largest fields.

The fields are located on the territory of six of the fourteen regions of Kazakhstan. These are the Aktyubinsk, Atyrau, West Kazakhstan, Karaganda, Kyzylorda and Mangistau regions. About 70 percent of hydrocarbon reserves are concentrated in the west of Kazakhstan.

[maywillow] 17/11/2017 10:21

Stocks: Oslo Reviews Oil Holdings -- WSJ
17/11/2017 8:02am
Dow Jones News

Shell A (LSE:RDSA)
Intraday Stock Chart

Today : Friday 17 November 2017
Click Here for more Shell A Charts.

By Dominic Chopping

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (November 17, 2017).

Norway's sovereign-wealth fund said on Thursday it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager.

The Norwegian central bank, which uses the fund to invest the proceeds of the country's oil industry, said that investing money back into the energy sector amplifies the government's exposure to the price of crude, particularly given the country's majority stake in Statoil ASA.

Oil and gas equities currently account for around 6% of the Government Pension Fund Global's benchmark index, or just more than 300 billion Norwegian kroner ($36.49 billion).

The Stoxx Europe 600 Oil & Gas index drifted lower on the news of the potential divestment. Shares in Statoil fell by as much as 1%. The fund owns large stakes in most of the world's major oil companies, including a 0.92% stake in Chevron Corp., a 0.82% stake in Exxon Mobil Corp., 1.65% in BP PLC and 2.23% in Royal Dutch Shell PLC as of the end of 2016.

"An orderly divestment process over a period of time won't significantly impact share prices," said Jefferies analyst Jason Gammel.

Norges Bank, the central bank, made the proposal to Norway's Ministry of Finance on Thursday, saying that, given its size, the fund accounts for an increasingly large share of the nation's wealth and is an integral part of government fiscal policy. That means that the vulnerability of government wealth to a permanent drop in oil and gas prices would be reduced if the fund pulled out of the stocks in that sector, Norges Bank said.

Two years of weaker oil prices has cut into the income of many of the world's largest sovereign-wealth funds, which are in largely resource-dependent countries like Saudi Arabia and Kuwait.

The Ministry of Finance said the government aims to make a decision in the fall of 2018.

A bank official said that the advice doesn't reflect a view on future oil and gas prices.

Norway's fund was established to harness the country's oil and gas income while also giving the government room for maneuver in fiscal policy should oil prices drop, the mainland economy contract and as its oil eventually runs out.

In September, the fund value reached $1 trillion for the first time after being boosted as the world's major currencies strengthened against the U.S. dollar, combined with strong equity markets.

While the fund's latest proposal was based on concern about overexposure to oil, the fund has been steadily pulling out of mining companies and power producers that derive large portions of income from thermal coal.

Other large investors have launched products that don't invest in fossil fuels.

In April, Storebrand, Norway's largest private-pension fund, said it had launched two new fossil-free funds. Several U.K. pension plans have funds that don't invest in the sector. In 2014, Stanford University said it wouldn't invest in coal-mining companies, and under pressure from environmental activists other U.S. endowment funds have debated whether they should pull out of fossil fuel investments.

On Thursday, Storebrand said in a release that Norge Bank's move should encourage other funds to pressure "oil and gas companies to revisit their investment plans and operations in the transition to a low carbon economy. "

Mr. Gammel, though, said he didn't expect to see a flight of money from the sector.

Sarah Kent contributed to this article.

Write to Dominic Chopping at [e-mail]



(END) Dow Jones Newswires

November 17, 2017 02:47 ET (07:47 GMT)

[waldron] 16/11/2017 16:34

Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks -- 2nd Update
16/11/2017 4:27pm
Dow Jones News

Shell A (LSE:RDSA)
Intraday Stock Chart

Today : Thursday 16 November 2017
Click Here for more Shell A Charts.

By Dominic Chopping

Norway's sovereign-wealth fund said on Thursday it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager.

The Norwegian central bank, which uses the fund to invest the proceeds of the country's oil industry, said that investing money back into the energy sector amplifies the government's exposure to the price of crude, particularly given the country's majority stake in Statoil ASA.

Oil and gas equities currently account for around 6% of the Government Pension Fund Global's benchmark index, or just more than 300 billion Norwegian kroner ($36.49 billion).

The Stoxx Europe 600 Oil & Gas index drifted lower on the news of the potential divestment, before recovering. Shares in Statoil fell by as much as 1%. The fund also owns large stakes in most of the world's oil majors, including a 0.92% stake in Chevron Corp., a 0.82% stake in Exxon Mobil Corp., 1.65% in BP PLC and 2.23% in Royal Dutch Shell PLC as of the end of 2016.

"An orderly divestment process over a period of time won't significantly impact share prices," said Jefferies analyst Jason Gammel.

Norges Bank, the central bank, made the proposal to Norway's Ministry of Finance on Thursday, saying that, given its size, the fund accounts for an increasingly large share of the nation's wealth and is an integral part of government fiscal policy. That means that the vulnerability of government wealth to a permanent drop in oil and gas prices would be reduced if the fund pulled out of the stocks in that sector, Norges Bank said.

The Ministry of Finance said the government aims to make a decision in the fall of 2018.

Two years of weaker oil prices has cut into the income of many of the world's largest sovereign-wealth funds, which are in largely resource-dependent countries like Saudi Arabia and Kuwait.

A bank official said that the advice doesn't reflect a view on future oil and gas prices.

Norway's fund was established to harness the country's oil and gas income while also giving the government room for maneuver in fiscal policy should oil prices drop, the mainland economy contract and as its oil eventually runs out.

In September, the fund value reached $1 trillion for the first time after being boosted as the world's major currencies strengthened against the U.S. dollar, combined with strong equity markets.

Stock markets have set record after record in 2017, powered in large part by a revival in U.S. corporate earnings.

While the fund's latest proposal was based on concern about overexposure to oil, the fund has been steadily pulling out of mining companies and power producers that derive large portions of income from thermal coal.

Other large investors have launched products that don't invest in fossil fuels.

In April, Storebrand, Norway's largest private-pension fund, said it had launched two new fossil-free funds. Several U.K. pension schemes have funds which don't invest in the sector. In 2014, Stanford University said it wouldn't invest in coal-mining companies, and amid pressure from environmental activists other U.S. endowment funds have debated whether they should pull out of fossil fuel investments.

On Thursday, Storebrand said in a release that Norge Bank's move should encourage other funds to pressure "oil and gas companies to revisit their investment plans and operations in the transition to a low carbon economy. "

Mr. Gammel, though, said he didn't expect to see a flight of money from the sector.

Sarah Kent contributed to this article.

Write to Dominic Chopping at [e-mail]



(END) Dow Jones Newswires

November 16, 2017 11:12 ET (16:12 GMT)

[waldron] 13/11/2017 13:47

BP CEO: Venezuela Is a Bigger Concern Than the Middle East for Oil Industry
Venezuela is 'defying economic gravity,' BP CEO Bob Dudley says. 'That's a real wild card.'
ByKinsey Grant
Nov 13, 2017 8:25 AM EST
Donald Trump Issues Updated Travel Ban

BP plc (BP - Get Report) isn't as worried about the Middle East as some of its peers, CEO Bob Dudley said. Instead, the London-based oil company is most concerned about Venezuela as a geopolitical threat to the oil industry.

"I think Venezuela is just defying economic gravity," Dudley told CNBC at the Abu Dhabi Petroleum Exhibition & Conference. "I think that's a real wild card."

Venezuela is an OPEC nation and one of the world's largest oil producers. The country is currently mired in debt negotiations with foreign investors that began Monday. It's unclear if Venezuelan president Nicolas Maduro will succeed in the debt talks, which could increase the risk of a debt default for the country.

Venezuela is looking to restructure roughly $60 billion in bonds. The country has struggled in refinancing, as U.S. banks are forbidden from buying new Venezuelan bonds due to sanctions imposed by the U.S. government.

Many oil industry leaders have focused concern on the Middle East, where Saudi Arabia's and Iran's relationship has become increasingly delicate.

BP stock dipped 0.7% to $40.01 in premarket trading Monday. Shares have gained 7.8% since the start of the year.

More of What's Trending on TheStreet:

[waldron] 13/11/2017 09:43

Royal Dutch Shell PLC (RDSA.LN) said Monday that it is selling 71.6 million shares in Woodside Petroleum Ltd. (WPL.AU) for 31.10 Australian dollars ($23.78) a share, raising A$2.2 billion as it seeks to lower its debt mountain.

Shell said it is selling the shares to two investment banks and expects the deal to be completed on Tuesday.

Shell will own a 4.8% interest in Woodside after the sale, and it has agreed not to sell any more shares in the Australian oil company for at least 90 days thereafter.



Write to Ian Walker at [e-mail]; @IanWalk40289749



(END) Dow Jones Newswires

November 13, 2017 03:40 ET (08:40 GMT)

[grupo guitarlumber] 10/11/2017 15:08

AFTER MANY YEARS WILL BARCLAYS FINALLY BE RIGHT

BUT WHEN I ASK

KICKING THE OIL CAN DOWN THE ROAD AGAIN OR WILL I GET TOMORROWS JAM TODAY

ATLEAST THE DIVIDEND IS COMING SOON



Home » Reports » Broker Ratings » Royal Dutch Shell Plc 16.7% Potential Upside Indicated by Barclays Capital
broker ratings
Royal Dutch Shell Plc 16.7% Potential Upside Indicated by Barclays Capital

Posted by: Amilia Stone 10th November 2017

Royal Dutch Shell Plc with EPIC/TICKER (LON:RDSA) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at Barclays Capital. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set their target price at 2850 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 16.7% from the opening price of 2443 GBX. Over the last 30 and 90 trading days the company share price has increased 138 points and increased 299 points respectively. The 52 week high for the share price is currently at 2516.32 GBX while the year low share price is currently 1922.5 GBX.

Royal Dutch Shell Plc has a 50 day moving average of 2,275.18 GBX and a 200 day moving average of 2,159.96. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 5,237,888. Market capitalisation for LON:RDSA is £202,398,205,262 GBP.

[waldron] 07/11/2017 11:43

Royal Dutch Shell Plc 5.3% Potential Upside Indicated by HSBC

Posted by: Amilia Stone 7th November 2017

Royal Dutch Shell Plc using EPIC/TICKER code (LON:RDSA) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set a target price of 2600 GBX on its stock. This indicates the analyst now believes there is a potential upside of 5.3% from the opening price of 2470 GBX. Over the last 30 and 90 trading days the company share price has increased 173.5 points and increased 267.5 points respectively. The 52 week high for the share price is currently at 2516.32 GBX while the 52 week low for the stock is 1922.5 GBX.

Royal Dutch Shell Plc has a 50 day moving average of 2,254.67 GBX and a 200 day moving average of 2,155.56. There are currently 8,269,625,712 shares in issue with the average daily volume traded being 5,216,480. Market capitalisation for LON:RDSA is £203,887,621,929 GBP.