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| Share Name | Share Symbol | Market | Stock Type |
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| Shell Plc | RDSB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 1,894.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| 1,894.60 | 1,894.60 |
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Posted at 27/1/2022 14:21 by grupo guitarlumber Shell investors braced for next week’s trading updatePublished 27 January 2022 Emma-Lou Montgomery Fidelity International WHEN Shell (RDSB) gives its fourth quarter update on Thursday, I will be hoping for more news on the share buyback programme that, the oil major promised, would continue “at pace” in 2022. Despite mixed results in the third quarter, Shell said the sale proceeds from the disposal of its Permian Basin business would be used to reward shareholders. The company announced the return of $1.5 billion from the sale to investors in December, with the remaining $5.5 billion to “be distributed in the form of share buybacks at pace”. It’s all part of the oil major’s charm offensive to prove that it can generate value for shareholders from the transition to cleaner energy. And comes amid a period of ongoing change at the Anglo-Dutch group. There is the move from the Netherlands to the UK, which is to be the base for its new headquarters as well as the introduction of a new, simplified share structure. And all against a tense trading backdrop, which saw it forced to buy from the spot market as gas prices reached record highs. Shell, the world’s largest trader of liquefied natural gas, said trading results from its integrated gas business were expected to be “significantly higher compared to the third quarter 2021”. And that is despite the fact that it is still awaiting the reopening of its giant liquefied natural gas vessel, Prelude, floating off the coast of Western Australia, which was hit by a power outage in early December, which is expected to remain shut until at least late February. However, Shell has already warned that cash flow from operations in the gas division are likely to be hit by the high margin payments it had to make due to price volatility. Refining margins have also been hit by prolonged maintenance work at its Scotford refinery in Canada and the ongoing impact felt after last summer’s Hurricane Ida in the Gulf of Mexico. As a result, oil trading and refining earnings are expected to be “significantly lower” than in the third quarter, Shell has said. Plain-sailing it has not been for Shell, of late. And all the while it remains under very close scrutiny over its green credentials, with that 2030 deadline to reduce its carbon emissions by 45%, mandated by the Dutch courts, creeping ever closer. Shell’s Q4 2021 results are due out on Thursday 3 February. |
Posted at 22/12/2021 07:56 by waldron MarketsEuropean markets set for muted open as investors monitor omicron risk Published Wed, Dec 22 20212:36 AM EST Elliot Smith @ElliotSmithCNBC Key Points Global markets have endured a volatile week thus far, and European shares rebounded 1.4% on Tuesday to retrace much of the loss accrued during a sharp sell-off in the previous session. Investors are juggling the rapid spread of the omicron variant, and the introduction of containment measures by governments around the world, with new scientific analysis of its severity and pharmaceutical developments on booster shots and treatments. LONDON — European markets are set for a tepid open Wednesday as investors continue to monitor the threat posed by the omicron Covid-19 variant. Britain’s FTSE 100 is seen around 9 points higher at 7,306, Germany’s DAX is set to add around 36 points to 15,483 and France’s CAC 40 is expected to climb around 19 points to 6,984, according to IG data. Markets in Asia-Pacific were modestly higher on Wednesday while U.S. stock futures were muted in early premarket trade following the Dow’s 500-point rebound on Tuesday. |
Posted at 06/12/2021 06:06 by waldron While Shell Resists Breakup, Rivals See Opportunity From SpinoffsItaly's Eni and other European energy conglomerates are spinning off parts of their low-carbon energy assets or considering such moves to boost returns published : 6 Dec 2021 at 04:30 writer: Ben Dummett THE WALLSTREET JOURNAL Royal Dutch Shell PLC is standing firm against Third Point LLC's call for a breakup of the oil giant to retain and attract investors. But that isn't stopping Eni SpA and other European energy conglomerates from targeting similar moves to boost shareholder returns. Shell has defended its integrated strategy by saying its legacy oil-and-gas assets are needed to fund its investments in lower-carbon energy. But Daniel Loeb's Third Point says the structure is too unwieldy to value Shell. Instead, the U.S.-based activist suggests the company, which plans to consolidate its dual British and Dutch structure and relocate its headquarters to London, should consider separating its legacy operations from its renewables investments to boost returns and accelerate carbon-dioxide-emiss The standoff shows the challenges energy companies face maintaining their record of dividend payouts while managing the more recent pressures of reaping full value for their increasing investments in green energy. Eni's solution: spinning off a minority stake of its retail energy and renewables business next year through an initial public offering. The move isn't as extreme as the breakup Third Point is pushing for at Shell, but the aims are similar: Simplify the company's structure, in this case, to attract a higher valuation and a lower cost of capital. That will allow the spun-off company to raise money more cheaply to expand the alternative energy business as more investors bet on growing demand for low-carbon assets over fossil fuels like oil and gas. Analysts and investors say it is too early to know if Eni's IPO strategy will succeed over the longer term. It has paid off so far, with the stock outperforming Shell and other European rivals BP PLC and TotalEnergies SE since the plan's approval in October. The move by Rome-based Eni "is a potential experiment for the rest of the sector, and if investors are receptive, we expect others to follow suit in the coming months and years," said Biraj Borkhataria, a London-based analyst at RBC Capital Markets. Spain's Repsol SA is another major oil producer considering splitting out its low-carbon assets, and it is expected to make a decision next year. Spanish electricity utility Iberdrola SA in July indicated it may list part of its offshore wind-farm business in an IPO. Eni's renewables business oversees a network of wind-farm and solar-power projects across parts of Europe, the U.S., Asia, Australia and Africa. The company aims to expand its installed capacity of renewable energy to 60 gigawatts in 2050 from 1 gigawatt last year. That business's potential value suffers because it is dwarfed by the company's lower-growth traditional oil-and-gas business, measured by operating profit. Eni's enterprise value trades at 3.5 times to its estimated earnings before interest, taxes, depreciation and amortization, according to S&P Capital IQ. By comparison, Denmark-based wind-farm operator Oersted A/S and U.S. alternative energy giant NextEra Energy Inc. each trade around 16 times that profit measurement. Eni didn't disclose a valuation target for the new business when it detailed financial forecasts for the new company on Nov. 22. Eni's shares have risen 3.6% since the IPO announcement, while Shell's have declined 1.3%, France's TotalEnergies has slipped 0.8% and BP is 1.2% lower. The recent outperformance of Eni's shares relative to its peers shows that the spinoff plan has played a central role in the stock's strength, said Giacomo Romeo, an analyst at Jefferies International. Spanish infrastructure and energy company Acciona SA has already demonstrated some of the benefits of a spinoff. In July, it listed a minority stake of its business that builds and operates wind- and solar-power projects. Corporacion Acciona Energias Renovables SA trades near 25 times its projected earnings estimates, above the parent company's multiple of 22 times. By spinning off low-carbon assets, integrated energy companies create businesses that can appeal to institutional investors like the Ford Foundation and Dutch pension fund Horeca & Catering. These institutions are part of a growing number that are ending investments in fossil fuels or selling assets to help reduce global warming. In September, Horeca & Catering sold out of its €250 million, equivalent to $283 million, worth of fossil-fuel stocks including Eni, Shell, BP and Exxon Mobil Corp. The fund, which oversees €16 billion in assets, would still be allowed to consider investing in Eni's low-carbon business following its spinout into a separate publicly traded company. That assumes any revenue from oil and gas was less than 50% of the total, said Bas van Ooijen, a senior investment manager at the fund. The Ford Foundation said a month later it planned to end fossil-fuel investments and that the move could undermine future returns. Horeca & Catering said its analysis shows no significant difference in its overall returns over the long term whether oil-and-gas stocks were included or excluded from its portfolio. "There will be more cases where [integrated] companies will see an issue between what independent [alternative energy] players are valued at and the value of their low-carbon assets, especially as these businesses grow,'' said Mr. Romeo, the analyst at Jefferies. |
Posted at 16/11/2021 16:25 by waldron Shell Changes: What Should Investors Do?Royal Dutch Shell is proposing to turn its back on the Netherlands and create a single share class in London, but what does that mean for investors? James Gard 16 November, 2021 | 3:32PM UK investors wanting to trade shares in Royal Dutch Shell have for years been faced with the dilemma of which one to choose. Unusually, the company trades on the FTSE 100 with two tickers, and is the only stock to do so. But many would struggle to explain the difference. Now, under plans put forward by the oil major, these two share classes could become one as the company ditches the “Royal Dutch” and moves its headquarters to London. The move comes just weeks after activist investor Third Point revealed plans to split Shell up, though it hadn't specifically proposed this latest course of action. The current set-up is quite complex and the aim is to simplify this. At the moment, Shell trades under tickers “RDSA” and “RDSB”, with the “A” shares subject to a 15% tax on dividends imposed by the Netherlands; “B” shares don’t, and are the ones usually favoured by UK investors, and trade at a (modest) premium to the A shares.(The A shares, on November 16, were at £17.05 and the B shares stood at £17.09.) “A” shares pay out in euros and “B” shares in pounds sterling, although the figure quoted is $0.24 for the latest quarter. By having a single pool of ordinary shares, Shell hopes to speed up its plans to buy back shares, which is one of the planks of its post-pandemic appeal to shareholders. This matters a lot for income investors because Royal Dutch Shell pays out billions to shareholders like DIY investors, funds and pensions. In 2020, Shell cut its dividend for the first time since World War II, but has been trying to play catch-up since with raised dividends and share buybacks. Buybacks reduce the number of shares in issue, with the aim of boosting the share price, and are currently in fashion among large FTSE income payers like WPP and Unilever. We wrote about the trend in our recent top FTSE dividend round-up and we plan to cover the topic in more detail this week. Climate Pressure More dramatic changes than a tidying up of the share structure are afoot. As the name suggests, Royal Dutch Shell has roots in the Netherlands and UK. Its headquarters is currently in The Hague but the shares are listed in Amsterdam and London. Under the plans, Shell will have its HQ in London, while its chief executive and chief financial officer will move here too from the Netherlands. Crucially, Shell will move its tax residence to the UK, where ministers have received the news as a “vote of confidence” in British business. Unilever, another company with Anglo-Dutch roots, threatened to go in the opposite direction and shift its base to the Netherlands – but reversed this after a backlash from big UK shareholders. The Dutch government is understandably not delighted by the news, describing it as an "unwelcome surprise". Cynics might say Shell’s decision is not unrelated to the legal pressure the company is under in the Netherlands, where a court ruled its emissions cutting targets are not strict enough. As Morningstar oil analyst Allen Good explains, though, this move is “unlikely do anything to shield the company from recent lawsuits over emissions”--su What should investors in Shell do? Naturally, they will be asked to vote on the proposal, which requires at least 75% of shareholders to support it to go ahead. Morningstar’s Good says the proposals won’t have an impact on the company’s valuation. It retains its no-moat rating – downgraded from narrow – and has a 3-star rating. Shares have risen 35% this year as oil prices have soared, but Morningstar still values them at £19.40, above the £17 level they are trading at now. Shell claims a simpler structure will help make its climate transition progress smoother, but Good says the move is unlikely to have any meaningful impact. |
Posted at 01/11/2021 08:01 by waldron More Shell Shareholders Voice Out Opposition to Third Point's Breakup Proposal11/01/2021 | 05:02am GMT (MT Newswires) -- Royal Dutch Shell's (RDSA.L, RDSA.AS) top shareholders are poised to reject Third Point's proposal to split the company, The Telegraph reported Oct. 29. The shareholders said separating the Dutch oil and gas major's oil and renewable businesses may negatively impact the company's climate change plan. One institutional investor that owns a comparable shareholding in Shell to Third Point's $750 million stake said the plan may hit the cash flow required for the energy transition. "Maybe what they are thinking is that you can put a big fancy multiple on the renewables business. That doesn’t help the business. That doesn’t help the end goals of decarbonizing the energy system," the investor said. The statement follows top 10 investor Abrdn (ABDN.L) manager Iain Pyle's comments that Third Point's proposal could be difficult and unrewarding and Shell's integrated operations could make it difficult to execute and too complex to add value for investors. |
Posted at 04/10/2021 09:33 by waldron Fuel crisis: City traders circle BP and Shell as they take positions for more price hikes10/04/2021 | 08:31am BST Investors are not banking on a swift resolution to the UK fuel crisis against a backdrop of continuing queues on forecourts and the Army being put on standby to help with deliveries, according to data shared with City A.M. this morning. Analysis of investor movements with regards to BP, Royal Shell and Glencore shows that investors are increasingly bullish on these stocks as they expect prices will rise further, following their recent strong performance that was partly driven by the UK fuel crisis. Soaring natural gas prices and concerns over possible winter shortages have motivated a number of investors to position accordingly, trading house GraniteShares shared with City A.M.. Figures for the past week show Royal Dutch Shell has seen the volume of funds traded rise by 19 per cent, while the volume traded in Glencore is up 45 per cent. “The oil giants and Glencore have benefited recently from optimism about rising commodities prices and the UK fuel crisis,” said William Rhind, founder and CEO at GraniteShares. “It would appear that investors don’t see an end to that any time soon and are positioning themselves for higher prices,” he said. The post Fuel crisis: City traders circle BP and Shell as they take positions for more price hikes appeared first on CityAM. |
Posted at 03/10/2021 22:11 by waldron The Royal Dutch Shell share price jumps! Is it too late to buy?Rupert Hargreaves | Friday, 1st October, 2021 The Royal Dutch Shell (LSE: RDSB) share price has jumped 23% over the past six months. Over the past 12 months, the stock’s performance is even more impressive. Shares in the oil major have rallied by more than 80% from their October 2020 levels. Both of these figures exclude dividends paid to investors. Shares in the company have charged higher as oil prices have recovered from their pandemic lows. The price recently hit $80 a barrel, a three-year high. And it’s not just the price of oil that’s been pushing higher. The price of gas has also jumped. These rises are causing havoc within the UK energy market. Several suppliers have failed lately, unable to pass these costs onto consumers. But for Shell, these price rises could produce windfall profits for the group. Royal Dutch Shell share price outlook We can get some idea as to the impact higher commodity prices are having on the group’s finances from its second-quarter results. The company reported adjusted earnings of $5.5bn for the three months through to the end of June. That was compared to a profit of $638m for the same period a year earlier. With profits surging, Shell was able to boost its dividend for the second consecutive quarter. It also launched a $2bn share repurchase programme. The stock currently yields 3%. Based on the recent commodity price action, I reckon the company could be on track to report another bumper set of results for the third quarter. It may even see this favourable environment continue into the fourth quarter. I realise some investors might not be celebrating the impact higher oil prices are having on the Royal Dutch Shell share price. In recent years, investors and asset managers have been selling the stock to try and put pressure on the business to reduce emissions as well as oil and gas output. Rising prices may reverse this trend. As such, the stock may not be suitable for all investors. The shift to renewables Still, I think the current boom in oil prices shows that the world’s not yet ready to move away from fossil fuels. At the same time, rising profits will provide a cash infusion for Shell to invest in renewable projects. I think this is important because management needs to think about the future. The group cannot rely on high oil prices forever. As the past two years have shown, oil prices can be incredibly volatile. With extra cash to spend, Shell may be able to accelerate its shift towards cleaner energy. Overall, I think the Royal Dutch Shell share price still offers value. The stock’s recent performance reflects its booming profits, which could help the group secure its future. With these factors in mind, I’d be happy to add the shares to my portfolio. The Motley Fool UK |
Posted at 17/9/2021 07:45 by waldron European markets set for slightly higher open as global sentiment remains tepidPublished Fri, Sep 17 20211:30 AM EDT Elliot Smith @ElliotSmithCNBC Key Points August’s U.K. retail sales are due before the bell on Friday, while a slew of euro zone harmonized inflation figures are expected later in the morning. Investors in recent days have been reacting to softer U.S. inflation data which tempered expectations of imminent tapering of asset purchases by the Federal Reserve, and weak retail sales figures from China, which suggested a slowdown in the global economic recovery. LONDON — European markets are set to nudge higher on Friday, outpacing other major markets as global investors continue to weigh the prospect of slowing economic growth. Britain’s FTSE 100 is seen around 40 points higher at 7,067, Germany’s DAX is set to climb around 80 points to 15,732 and France’s CAC 40 is expected to add around 39 points to 6,661, according to IG data. Shares in Asia-Pacific were mixed on Friday after taking losses for much of the week as concerns about China’s regulatory crackdown and slowing global growth weighed on risk sentiment. China Evergrande Group shares continued to plummet amid fears over its debt problems. Stateside, stock futures were muted in early premarket trading as investors remain cautious during the traditionally weak month of September. |
Posted at 10/9/2021 23:01 by waldron European Oil Majors Could Soon Face An Avalanche Of LawsuitsBy Irina Slav - Sep 10, 2021, 4:18 PM CDT It was only a matter of time, really. Ever since a Dutch court ordered Shell to cut its carbon emissions by 45 percent by 2030, it opened the gates to a lot more environmental litigation against the oil industry. And now, after the release of the IPCC's latest and expectedly alarming climate report, it seems to be a good time for more litigation. Earlier this year, a court in The Hague told Shell to reduce the carbon emissions of its products, the emissions coming from its suppliers, and those generated by people using the company's products by 45 percent from 2019—and to do it by 2030. This was a landmark ruling that caused a wave of joy among environmentalist groups: "This is a monumental victory for our planet, for our children and is a step towards a liveable future for everyone. The judge has left no room for doubt: Shell is causing dangerous climate change and must stop its destructive behaviour now," said the director of Friends of the Earth, the group that had brought the emissions case against Shell. A few months later, the Australasian Centre for Corporate Responsibility filed a lawsuit against Australian energy major Santos, challenging Santos' claims that natural gas provided clean energy and questioning the company's net-zero emission plans. "Santos' 'clean energy' and 'net zero' claims pose a major risk to investors as it becomes increasingly more difficult to differentiate between companies taking genuine action versus those relying largely on offsets or unproven technologies," said Dan Gocher, director of climate and environment at the ACCR, also saying that "Santos has perfected the art of greenwashing, and shareholders continue to be misled by Santos' clean energy claims." These could be the first signs of a major shift in the oil industry. Bloomberg this week reported environmentalist groups are telling energy companies they'll see them in court, as Greenpeace tweeted, following the release of the report. The trigger: the latest climate report by the Intergovernmental Panel on Climate Change. The report, published last month, attributed—wit This made Big Oil the biggest and easiest target for climate-related litigation. "For young people who are arguing that they will be affected [by climate change] in the future, this report is useful for them," said Louise Fournier, legal counsel at Greenpeace, as quoted by Bloomberg. Fournier also said Greenpeace will be among claimants, too. And net-zero commitments that energy companies have rushed to make seem to be irrelevant. "We're going to see copycat cases happening in jurisdictions against corporations using similar arguments to the Shell case," Bloomberg quoted Rupert Stuart-Smith, member of the Oxford University's Sustainable Law Programme's management team, as saying. And thanks to the IPCC's latest report, which outlines a climate situation more urgent than the panel's previous reports, litigants in Europe will be able to claim greater damages and demand greater compensation, according to the counsel who represented Friends of the Earth in their case against Shell. The European Union is doing its best to maintain its reputation as a low-carbon pioneer lately, with its Green Deal that has tied economic recovery from the pandemic to achieving certain low-carbon energy goals. In this environment, activists have a much better chance—and have already booked several successes—of suing Big Oil for its business. This does not seem to be the case in the United States, despite the litigious culture. In fact, so far cases brought against Big Oil majors on environmental grounds have consistently failed in court. Some cases have been dismissed by judges; others Big Oil has straight out won, such as Exxon, which won in a New York lawsuit alleging it misled investors with regard to accounting for the costs associated with climate change. Even if there are a lot more court cases in the U.S. surrounding climate-related topics, the chances of any of these actually succeeding are slim, Bloomberg reports, citing legal experts. This is simply because of the legislative framework in the country, which is very different from that in European countries. "The IPCC report does nothing to change the primary problem for U.S. climate litigants -- the U.S. legal system isn't set up to handle this type of claim," the report cited Brandon Barnes, a senior litigation analyst with Bloomberg Intelligence, as saying. "A climate liability claim against a company or group of companies is always going to fail unless Congress changes the laws around liability. Until then, the courts are going to continue to punt the issue to the legislative branch.” As annoying as this may be for would-be litigants, there are other ways to pressure U.S. companies into doing certain things, the most popular through activist investors. These got a research boost this week, with two reports calling for a major cut in oil and gas production. One was a report by Carbon Tracker, which urged Big Oil to start planning for 50-percent lower oil and gas output in the future if they want their business to be aligned with the Paris Agreement targets. The other was a study that said the world needed to keep 60 percent of untapped oil in the ground if it was to meet those targets. Those two, the IPCC report and the doubtless dozens of more reports on the subject bound to keep coming out should provide enough of a basis for investor pressure on the "unsuable" U.S. Big Oil. By Irina Slav for Oilprice.com |
Posted at 28/7/2021 14:19 by adrian j boris Market ReportMarket Preview Proactive 12:48 Wed 28 Jul 2021 BT Group, Lloyds, and Shell in spotlight for Thursday BT Group, Lloyds and Shell are among the notable names in the diary for Thursday. BT Group PLC - BT Group, Lloyds, and Royal Dutch Shell Plc in spotlight for Thursday BT Group PLC (LSE:BT.A) (LON:BT.A) is due to deliver a trading update on Thursday as investors keep a wary eye on the telecom giant’s operating trends amid the pressures of the pandemic, competition and regulatory changes. For the first quarter, analysts at UBS are expecting some improvement for the firm as the effects of the pandemic reduce, although they added that revenues are likely to remain under pressure. Despite this, analysts said they expected earnings to be helped by cost savings and accounting effects, predicting earnings (EBITDA) of £1.8bn for the quarter and revenues of £5.15bn. Investors eyes peeled for Lloyds dividend Retail investors’ favourite Lloyds Banking Group Plc (LSE:LLOY) PLC is expected to post a second-quarter adjusted profit before tax of £1.45bn and a CET1 of 16.6%. In the past, the company has been a favourite of income investors and shareholders would probably like at least a nod and a wink as to how high the dividend is likely to be and how soon Lloyds can return to the ranks of the FTSE 100’s top dividend payers, but it has been suggested that with Charlie Nunn not having been in the chief executive’s role for long he will be reluctant to change too much too soon. Shell to be confirmed most profitable major At Royal Dutch Shell Plc (LSE:RDSA) there's plenty of talking and planning around ‘transition At the same time, it is arguably positioned best to capitalise on recently strong oil prices. Indeed, in a preview note, UBS called it the “most profitable of the majors”. UBS - which rates Shell as a ‘buy’ with a 1,860p - expects the oiler to report US$5.5bn of net income which would mark a 28% improvement quarter-on-quarter. “We expect Shell to retain its position as the most profitable of the majors,” the Swiss bank said in the note. “Whether it is also the most cash generative is likely to be dependent on the level of working capital build this quarter but we fully expect underlying CFFO generation to be the best as well.” Thursday July 29 |
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