Shell Share Discussion Threads

[gateside] 22/1/2022 18:28

Link to new Shell thread - I'll edit the charts when the new ticker - SHEL - goes live on Tuesday

[lippy4] 22/1/2022 18:14

its all a smoke screen to hide the fact that the high cost of gas and oil is down to this governments stupid energy policy on green energy which is not fit for purpose as it cannot fill the gap to supply the needs of a country like britain with out every body freezing to death and bankrupted from trying to pay their gas and electric bills..

how can you charge shell an extra tax over its profits when it makes them mainly abroad in other countries and it will reflect on the amount of normal tax the government will get from shell..

it will also take away the dividends that many retired people need in this time of high inflation as their pensions are hard hit by this miserly government actions..

[dartboard1] 22/1/2022 18:02

About 13bn of revenue... of a total 180bn ... so not hugely significant. See segment reporting in annual report

[spud] 22/1/2022 17:55

What % of Shells profit is derived from NS?spud

[waldron] 22/1/2022 17:20

Boris Johnson and Rishi Sunak face mounting calls for windfall tax on energy giants

With struggling households bracing for price hikes of up to 30% this year, oil giants and the 'big six' energy firms have paid £200 billion to shareholders since 2010


ByMikey SmithWhitehall Correspondent

15:11, 22 Jan 2022Updated15:23, 22 Jan 2022



Boris Johnson and Rishi Sunak face mounting calls to impose a windfall tax on energy firms - after research revealed the eye-watering sums they have paid out to shareholders.

With struggling households bracing for price hikes of up to 30% this year, oil giants and the 'big six' energy firms have paid £200 billion to shareholders since 2010.

And research by the Common Wealth think tank found the two biggest UK oil giants - BP and Royal Dutch Shell - have remained profitable during that period.

And they handed out tens of millions to shareholders while receiving hundreds of millions in tax benefits from the Tory government.

Labour has called for a "windfall tax" on the energy firms - to pay for a VAT cut which would ease the pain on working families.

In a speech in Bury last week, Shadow Chancellor Rachel Reeves said: “Labour would keep bills down by cutting VAT on energy, and expanding the Warm Homes Discount, taking at least £200 off the typical bill - with up to £400 in additional support for low and middle earners and pensioners - paid for by a windfall tax on North Sea oil and gas profits.”

Dr Joseph Baines, one of the authors of the report, said: "At a time when low-income households across the UK are experiencing a cost of living crisis, North Sea oil and gas producers are set to reap near record profits.”


He added: “A windfall tax would offer a quick and effective way of redressing the balance and raising the funds necessary to contain the energy crisis."

But the Government is reportedly considering a "radical" plan to hand more cash to energy firms in order to shield them from wholesale gas price rises.

The plan, considered "plausible" by Treasury officials, would see energy suppliers handed government cash when wholesale gas prices go above a certain threshold - effectively subsidising energy firms.


Common Wealth’s report, published last week, found Shell and BP had handed £147 billion to shareholders through dividends and share buybacks in the last ten years.

North Sea oil producers and the ‘big six’ energy firms paid out a further £47 billion in the same time period.

Dr. Joseph Baines and Dr. Sandy Hager, the report’s co-authors, told the Sunday Mirror: “At a time when low-income households across the UK are experiencing a cost of living crisis, North Sea oil and gas producers are set to reap near record profits.

“A North Sea windfall tax is an effective and just way of addressing the most harmful effects of the energy crisis.

“The big oil companies are opposed to a windfall tax, but it is popular amongst the public and has been successfully used in the past, even by Tory governments.”

The Treasury declined to comment on speculation about tax changes.

[xxxxxy] 22/1/2022 08:15

The energy crisis has burst a multibillion-pound bubble in green stocks as gas prices surge and the world confronts the true cost of net zero.Shares in renewable energy companies have tumbled to their lowest level in 16 months, almost completely unwinding gains made during a stampede into companies aiding the shift away from fossil fuels. It comes as new figures revealed that private equity snapped up oil and gas firms worth almost £12bn last year, a huge increase from £232m in 2020 as the sector ploughs investment into renewable energy.A basket of global clean energy shares, which includes renewable giants Iberdrola, Vestas and Orsted, has tumbled 45pc since the record peak a year ago, wiping tens of billions of pounds off their "excessive" value. Rising material costs, frothy valuations and escalating interest rates have dampened investor enthusiasm after a flood of money into the sector. .... Daily Telegraph

[xxxxxy] 22/1/2022 08:09

The battles over gasJANUARY 22, 2022 13 COMMENTSRussia plans to play China and Europe off together over the supply of gas. They are in discussion over selling more of their gas to China via a new pipe still to be built at the same time as they are seeking to close the deal on further supply of gas to Germany via the new Nord Stream 2 pipe now completed. Hungary has signed up to fifteen more years of Russian gas with supply via a southern pipeline that avoids Ukraine, the source of transit capacity under the prior agreement.Now the EU has confirmed the important role of gas today and going forward in  the EU energy mix this strengthens  Russia's bargaining position as a big supplier of a crucial source of energy for much of the continent. Hydrogen is some way off as an alternative gas to meet emissions targets next decade and beyond. The USA can only complain that her European allies have weakened the western position. The current US/Russia disagreements about Ukraine are complicated by the gas route to western Europe across that country, with Russia clearly keen to cut off Ukraine's revenues from this source.The UK currently is not reliant on Russian gas. We depend on Norway and Qatar primarily. It makes producing more of our own gas even more important to our national security and reliability of supply. We should reduce our import dependence on the continent for both electricity and gas, as the two are interlinked with gas still an important fuel for power generation as well as for the direct heating of factories and homes. With Germany closing all her nuclear power stations and pledging to run down her large coal generation sector, and with Poland also under pressure to cut out the coal, the continent will  have an even tougher energy position to negotiate. That is why the UK needs to concentrate on self sufficiency, and on ensuring a margin of capacity over demand even when the wind does not blow. The EU has ambitions over Ukraine which are no longer partly our responsibility.... John Redwood

[waldron] 22/1/2022 08:02

TaurusTheBear
21 Jan '22 - 23:57 - 19835 of 19836
0 0 0
Makes sense since A and B shares are soon to be one.

Not so Bear per SHEL it seems

[sarkasm] 22/1/2022 07:50

Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange have been informed of this name change and it is anticipated that Euronext Amsterdam and the London Stock Exchange will reflect the change of name on Tuesday January 25, 2022, while the New York Stock Exchange will follow on Monday January 31, 2022.

Shareholders should note that their shareholdings will be unaffected by the change of name and existing share certificates should be retained as they will remain valid for all purposes and no new share certificates will be issued.

The ISINs, SEDOLs, CUSIPs and ticker symbols of the company’s A shares and B shares and A ADSs and B ADSs will remain unchanged for the time being but will change in accordance with the remaining steps of the Simplification as set out in the announcement released on December 20, 2021. The Company’s Legal Entity Identifier (LEI) remains 21380068P1DRHMJ8KU70.

[taurusthebear] 21/1/2022 23:57

Makes sense since A and B shares are soon to be one.

[spud] 21/1/2022 22:50

Go well, go Shell. spud

[gateside] 21/1/2022 21:09

I agree that Royal Dutch Shell has a good ring to it, but there is nothing wrong with reverting to original name Shell

Clip from a great film :-)

[retsius] 21/1/2022 20:50

Shel down again today here and on Wall Street.
Lumped together with the impossibly bloated Nasdac stocks.

With oil at circa $86/87 oilers are making huge profits compared to twelve months ago. DYOR.

[the white house] 21/1/2022 20:19

You still can be, it is back to the original name, importing sea....shells

[pvb] 21/1/2022 19:55

Gateside 21 Jan '22 - 17:47 - 19826 of 19829



Shell plc (Shell) today confirmed its name has changed from Royal Dutch Shell plc to Shell plc.

Shame, really. Or am I just a sentimentalist?

[sarkasm] 21/1/2022 17:57

GOOD ON YER

[gateside] 21/1/2022 17:56

I'll set up a new thread as soon as the ticker SHEL is activated

[sarkasm] 21/1/2022 17:53

Gateside

will that mean a change of thread

ie a new one

as SHEL

[gateside] 21/1/2022 17:47

Shell plc (Shell) today confirmed its name has changed from Royal Dutch Shell plc to Shell plc.

Shell announced the Board’s decision to change its name to Shell plc on December 20, 2021. This change has now taken effect.

Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange have been informed of this name change and it is anticipated that Euronext Amsterdam and the London Stock Exchange will reflect the change of name on Tuesday January 25, 2022, while the New York Stock Exchange will follow on Monday January 31, 2022.

[woodhawk] 21/1/2022 16:55

FWIW today: GOLDMAN RAISES SHELL B PRICE TARGET 2,750 (2,600) PENCE - 'BUY' 21-1-22

[tornado12] 21/1/2022 15:19

What a roller coaster of a share ! I hope the Q4 results are strong and divi up + 10% !

[adrian j boris] 21/1/2022 09:02

European Gas Slumps as China Readies to Flood Market With LNG


Wed, January 19, 2022, 3:54 PM·

Elena Mazneva


(Bloomberg) — European natural gas slumped as a top LNG importer in China prepares to flood the market with fuel that could further ease supply concerns in the continent.



Benchmark futures fell as much as 8.9%, tracking weaker prices in Asia. The trading arm of Sinopec is offering to sell dozens of spot liquefied natural gas cargoes this year, according to traders with knowledge of the matter. The move indicates China is well stocked and more gas could come to Europe, helping to ease pressure from its abnormally low inventories and curtailed supplies from top exporter Russia.

Increased LNG arrivals, coupled with milder weather forecasts and recovering Norwegian shipments, are bringing some relief for European consumers from prices that more than tripled last year.


“Gas market sentiment is cautiously bearish this week, driven by tepid demand in Asia and robust LNG imports into Europe,” consultant Rystad Energy AS wrote in a note. “Though the U.S. has eyes on potential weather-related shutdowns in the coming days.”

Dutch front-month gas fell 6.4% to 73.32 euros per megawatt-hour as of 3:53 p.m. in Amsterdam. The equivalent U.K. contract dropped 6.3% to 175.70 pence a therm.

Gas prices in Europe and Asia “have likely peaked already this winter,” Citigroup Inc. analysts wrote in a report this week. That’s “unless a severe cold shot were to hit sometime in the next two months, or geopolitical tensions involving Russia were to escalate substantially.”;

Tensions over Ukraine and the new Nord Stream 2 pipeline from Russia to Germany remain on traders’ radar. Germany said the controversial project would be a target for retaliation if Russia uses energy as a weapon, while Moscow reiterated it has no plan to strike at Ukraine.