Shell Share Discussion Threads

[waldron] 09/11/2021 06:37

European markets head for lower open ahead of U.S. inflation data

Published Tue, Nov 9 202112:40 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open lower on Tuesday ahead of a key reading of U.S. inflation data.

The U.K.’s FTSE index is seen opening 28 points lower at 7,277, Germany’s DAX 53 points lower at 15,994, France’s CAC 40 down 30 points at 7,021 and Italy’s FTSE MIB 92 points lower at 27,426, according to data from IG.

[waldron] 08/11/2021 19:39

CSNEWS.COM



11/08/2021

Shell Oil Acquires Fuel Card Business

Multi Service Technology Solutions deal will enable Shell to grow its Commercial Road Transport business with a closed-loop payment network.

HOUSTON — Shell Oil Co. is growing market share in the fuel card space and creating synergies with its product offerings in its latest acquisition.

The company will acquire MSTS Payments LLC and its Multi Service Fuel Card business from Multi Service Technology Solutions Inc. (dba TreviPay). The Multi Service Fuel Card acceptance network and transaction processing platform provides Shell with a closed-loop payment network used by Commercial Road Transport (CRT) companies at thousands of truck stops in North America.

"Acquiring the Multi Service Fuel Card business provides Shell with the necessary technology, business infrastructure and talent to accelerate the growth of its global commercial cards business, Customer Value Propositions (CVPs) and services," said Tim Murray, general manager of Shell Commercial Road Transport, Sectors & Decarbonization. "We are confident that this strong IT platform and acceptance network will help us deliver a customer experience that will translate to additional growth for Shell's North America Commercial Road Transport businesses."

MSTS Payments will operate as a wholly owned subsidiary of Shell Oil and will remain headquartered in Overland Park, Kan. Aaron Decker will continue to lead the Multi Service Fuel Card business for Multi Service Technology Solutions.

"We're very excited about the opportunity provided by Shell to help the fuel card business realize its full potential," said Decker. "We're equally excited to help Shell grow its Commercial Road Transport business."

As part of its plans, Shell will add services to enhance the customer experience and leverage its heavy-duty diesel engine oil brand, Shell Rotella, to offer trucking fleets fuel-economy savings, extended-drain capability, enhanced engine cleanliness, and excellent wear protection.

Multi Service Fuel Card was founded in 1978, serving as the first fuel card for trucking companies that provided real-time transaction authorization. Today, the product continues to help thousands of fleets manage fuel spend through its proprietary fuel card platform. Its closed-loop acceptance network is made up of more than 8,000 truck stop locations.

Houston-based Shell is an affiliate of the Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries.

[geckotheglorious] 08/11/2021 14:35

Absolutely mate.
And to you also.

Seems to have been getting harder and harder outside of main tech, and taking "higher risk than usual" plays on blue chips on their luck eg Rolls/PFC.

[waldron] 08/11/2021 13:22

good stuff

a little bit here and there helps despite being small

if you can do on a weekly basis it soon adds up

ok maybe pocket money to some but portfolio can slowly increase whilst having fun at the same time

understand your frustration with divi but aometimes when awaiting an uptick it might be a nice consolation prize

NEVER BUY AND FORGET

take care

chuckle and cheers

[geckotheglorious] 08/11/2021 13:10

Only smalls though Waldron.
Not life changing sums I regret to say..But all my holdings in Shell are well in the black now. :)

Just gutted aboutt he Dividend slashign event, so Shell is no longer a buy and forget for me..

[geckotheglorious] 08/11/2021 13:02

Tornado

Market probably aware I'm a seller at 2000p :)
Having bought at 950p/sh

[tornado12] 08/11/2021 12:55

It beggars belief that with sky high O&G prices Shell is still well south of £20 ! An update on how that £7B is going back to SH is needed … they should not be afraid to reward longer suffering SH with special divi

[xxxxxy] 08/11/2021 07:12

EVs......... Morris Oxford8 Nov 2021 6:28AMLooks like the old adage  "One born every minute still holds true ".... How many drivers of hybrid vehicles are getting the claimed 120+MPG and experiencing the manufacturers claim  of range of EV's coming up short.Still one can drive along in an EV feeling smug that you are Zero CO2 despite charging your car with electricity generated by the Drax tree burning power station that imports wood pellets on diesel ships from the Baltic's and the USA .... marvellous .... Daily Telegraph

[waldron] 08/11/2021 06:52

European markets set to start the new trading week on a flat note

Published Mon, Nov 8 202112:15 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open around the flatline on Monday, lacking direction at the start of the new trading week.

The U.K.’s FTSE index is seen opening 1 point lower at 7,305, Germany’s DAX down 8 points at 16,031, France’s CAC 40 6 points higher at 7,037 and Italy’s FTSE MIB down 10 points at 27,613, according to data from IG.

[xxxxxy] 07/11/2021 22:29

peter wright7 Nov 2021 9:55PMIf every vehicle in only the UK was EV than there would be insufficient global supply of REEs to manufacture the batteries.There would be insufficient power generating capacity to charge the batteries.Without oil the electric vehicles would have no tyres, upholstery, carpets, sheathing of wires and cables, dashboard and all other plastic components.SUCH IS THE DELUSION12LikeReplyDave Evans7 Nov 2021 9:56PMTrue Peter, making plastics out of oil and gas is better than burning the stuff...LikeReplypeter wright7 Nov 2021 9:58PMThe by product of a barrel of crude is used in the agrochemicals , petrochemicals and plastic industries.Wind and solar byproducts are high taxes for the subsidies!3LikeReplyBarbara McAuley7 Nov 2021 10:07PM@peter wright No bitumen for those roads.1LikeReplyOllie Versarmy7 Nov 2021 10:22PMYou won't need roads.You will own nothing.You will be happy.... Daily Telegraph

[xxxxxy] 07/11/2021 21:01

Refer to previous comment....john robinson7 Nov 2021 8:32PMSurprise, surprise.....There was always going to be massive customer costs with EV's even if governments like ours claimed otherwise. They lied about it and continue to do so.Just wait until the EV batteries need replacing or "updating", as the fanatics falsely describe it.8LikeReplyJoe Blow7 Nov 2021 8:29PMLeave all the battery manufacturing to China and what did you expect? Where was the forward thinking to encourage manufacture here?See the electricity grid, power generation and much else too - green ambition is writing cheques green reality can't cash.5LikeReplySimon Brown7 Nov 2021 8:28PMThe sooner the EV experiment is shown up for what it is, an impractical idea based on failure to understand basic science, the sooner we can get to a workable solution, not that one is needed mind you.... Daily Telegraph

[xxxxxy] 07/11/2021 20:57

Spanner in the works......... Electric cars to get more expensive as battery costs soarChinese producers are said to be writing to customers looking to renegotiate contracts, including moving away from fixed pricing structures.... Daily Telegraph

[chiefbrody] 07/11/2021 10:53

4% a year div increase is very disappointing. Hoping/expecting double digit increases if oil stays above 60-70 dollars.

[waldron] 07/11/2021 09:45

OPEC+, Saudis Will Stick With Cautious Output Stance, Says Vitol

Verity Ratcliffe and Anthony Di Paola, Bloomberg News



(Bloomberg) -- Saudi Arabia’s larger-than-expected rise in oil prices is a signal it will resist U.S. pressure to pump more crude, according to Vitol Group.

On Friday, a day after OPEC+ stuck to its plan to boost output only at a gradual pace, Saudi Aramco hiked December prices for customers in Asia, the U.S. and Europe. The state producer’s month-on-month increase for its main Asian grade was the third-largest this century, according to data compiled by Bloomberg.

“They are unlikely to change stance,” Mike Muller, the head of Asia for Vitol, the world’s biggest independent oil trader, told Bloomberg on Sunday.

U.S. President Joe Biden put pressure on OPEC+ to speed up the easing of supply curbs that began last year in response to the coronavirus pandemic. Oil has surged around 60% since 2020 to move than $80 a barrel because of the global economic recovery and OPEC+’s cuts. That’s hit American drivers by pushing gasoline up to a seven-year high of $3.70 a gallon.

Aramco “went further than anyone expected,” Muller said earlier on a webinar hosted by Dubai-based consultancy Gulf Intelligence. “That was a signal to those that were critiquing OPEC+ for not putting enough oil on the market. The Saudis felt they can indeed make higher prices stick.”

The Organization of Petroleum Exporting Countries and partners -- a 23-nation alliance led by Saudi Arabia and Russia -- opted on Thursday to keep raising daily crude output by 400,000 barrels a month. Biden’s energy secretary, Jennifer Granholm, said the U.S. is considering releasing crude from its strategic petroleum reserves as a response. The White House may seek to co-ordinate any sell down with other major importers such as Japan and China.

“The market does seem to have an expectation that there’ll be some form of SPR release,” Muller said. Still, “the market is in a position where inventories are low and supplies are tight. The Saudis are pricing their oil accordingly.”

[steve73] 07/11/2021 06:03

There has been a very good series refuting the "Climate Howlers" claims about climate change being caused by humanity's burning of fossil fuels, published over the past few days by the "International Man".

Parts 1-4 of 5 are linked below, but be warned they are not a lightweight read. Lots of data and supporting narrative which will be a valuable resource for those who are a bit more open minded. But if you're pro the "official" line then I doubt you'll bother to make the effort....! IMO of course.

[sarkasm] 06/11/2021 14:29

Shell looks bulletproof – for now

Shell sent shockwaves around the City last April when CEO Ben van Beurden cut the dividend by 65%. I think it was the right decision. The old payout just wasn’t affordable.

The good news is that Shell’s new dividend looks pretty safe to me. It’s also growing steadily and, after oil prices bounced back this year, van Beurden lifted Shell’s dividend by 38% at the half-year mark.

This was a one-off increase and Shell has told shareholders to expect a 4% increase each year. However, City analysts reckon the firm will do better than this. They’re forecasting a 10% dividend increase for 2022. If they’re right — and I think they could be — that would give Shell a 2022 forecast yield of 4.1% at current levels.

It’s too soon to know whether this fossil fuel producer can reinvent itself as a low-carbon energy business. It’s a tough task. But I’m comfortable with Shell today and would be happy to buy the shares for income in 2022.

[sarkasm] 06/11/2021 14:19

Shell CEO Talks Shell Break Up at Web Summit

by Andreas Exarheas
|
Rigzone Staff
|
Wednesday, November 03, 2021

Shell CEO Talks Shell Break Up at Web Summit

Royal Dutch Shell plc chief executive officer Ben van Beurden was at the Web Summit conference in Portugal this week.

Why do you not break Shell apart and say we have a hydrocarbon business, and we have a clean business?

That was the question posed to Royal Dutch Shell plc chief executive officer Ben van Beurden during an on-stage interview at the Web Summit conference in Lisbon, Portugal, on Tuesday, which was attended by Rigzone.

“The energy transition is just that, it’s a transition, so you have to go from one to the other. You’re going to be in an uncomfortable place, where you are going from one to the other,” van Beurden said, responding to the question.

“We need the legacy business funds [for] this business of the future. If I need to build my hydrogen business just with the income from my current hydrogen business, it’s going to take me a century,” he added.

“We have to be able to fund that transition to the business of the future and if you think about the innovations that we are going to need to build this electrical, hydrogen, bio system for the world with carbon capture and storage nature solutions etc., it needs the interdependency of the component parts that currently make up Shell.

To break it all apart, we’re not going to be able to make some huge transitions,” van Beurden went on to say.

When asked in the interview to explain his personal journey on the issue of climate change and when it “hit” him that “this was a catastrophe”, the Shell CEO said, “I think probably for me it was about 15-20 years ago, when climate change, yes, in the back of my mind came to the forefront”.

“When I was in the chemicals business in Shell, I realized this is one that is key for us to resolve. Working in chemicals, I saw the chemicals business as an enabler for that change and then leading downstream and now leading the entire company, I felt we need to be on the right side of history on this one,” van Beurden added.

“But not only that … it’s not just … our reputation and it’s survival and everything else, if you think about it, the energy transition is the single largest opportunity that my company has in its history and that’s why we need to go after it, not because it’s good for the world, because it’s also incidentally a good business opportunity,” the Shell CEO continued.

Late last month, Bloomberg reported that activist investor Dan Loeb’s Third Point Capital LLC said it had amassed a sizable stake in Shell and would push to break up the company.

To contact the author, email [e-mail]

[partenope] 06/11/2021 12:06

Since it's the weekend I thought I would post this TED Talk featuring the Shell CEO Ben van Buerden. It features an hysterical, emotional young woman who says that he, van Buerden is one of the most evil men on the planet. It's worth a watch for that and also the American guy, an active investor, who managed to get Exxon to change three of its board using a much smaller stake than Dan Loeb's current position in Shell. This was about two weeks before Loeb made his holding known.

[pander45] 05/11/2021 20:05

And don't get me started on the hidden carbon footprint associated with manufacturing lots of green technologies, let alone the toxic lithium waste from billions of exponentially increasing batteries. Once we all thought nuclear power was the answer, not so clever there were we, rings a horrible nauseating bell this current green crusade.

[pander45] 05/11/2021 19:58

I don't support rampant deforestation. So the solution is don't deforest, plant more trees and balance fossil fuel usage much more effectively. I laughed at a guy this week who supposedly went all green with his new Tesla and was charging it on an energy tariff using 100% fossil fuel power stations. Still, he felt like he was doing his bit i suppose. I mean honestly? Really? Insane.

[pander45] 05/11/2021 19:54

Cloud seeding is neither reliable nor particularly successful as it requires a very specific set of complex conditions to succeed, hence the word barely. Fluctuating co2 concentrations are part of planetary history, before humans were around. The proportion of human enhanced greenhouse effect is guesswork at best but presented as scientific fact - this is garbage. Computer models are like theoretical physics, they prove whatever you want in the algorithm.

[geckotheglorious] 05/11/2021 17:47

Pander45
Post 19086
"I have always found it strange in the grand scheme of things that we barely have the technology to make a cloud to produce rain"


Not heard of HAARP then...


"but seem to be able to modify an entire planetary climate system with our love of fossil fuels"

Agreed in this regard.

It's farcical that global warming, or is it climate change, is blamed on man made emissions.

Came across this earlier
Earth's atmosphere today contains about 370 ppm CO2 (0.037%). Compared to former geologic times, our present atmosphere, like the Late Carboniferous atmosphere, is CO2- impoverished! In the last 600 million years of Earth's history only the Carboniferous Period and our present age, the Quaternary Period, have witnessed CO2 levels less than 400 ppm.




What certainly makes no sense is cutting down millions of trees that suck up Co2 and give us O2!!!!!