Shell Share Discussion Threads

[maywillow] 30/1/2019 18:52

Royal Dutch Shell PLC on Wednesday reported a gas oil leak at its Deer Park refining and chemical facility near Houston.

In a statement to the Texas Commission on Environmental Quality, the refinery said the "leak was discovered from an underground line inside a tank firewall... The current estimated release amount is 588.1 lbs."

The refinery said the leak began Tuesday morning and the leak itself was halted after one hour, but the emissions incident lasted more than six hours total. "Once the source of the leak was verified the underground line was immediately blocked in by Operations and the leak stopped," it said. "There were no exposures or injuries."

Deer Park is located along the Houston Ship Channel, 20 miles east of downtown Houston. The facility includes a 326,000-barrel-a-day refinery.



Write to Dan Molinski at [e-mail]



(END) Dow Jones Newswires

January 30, 2019 12:03 ET (17:03 GMT)

[nellynell] 30/1/2019 18:20

Thank you all for the warm welcome. All the best to all shell holders for tomorrow and beyond.:-)

[waldron] 30/1/2019 18:00

NELLY

I SECOND THAT

WELCOME

La Forge you are such a charmer

must be the french influence mon ami

a demain

[la forge] 30/1/2019 17:54

nelly

as a seemingly new kid on the block

thanks for your contribution

much appreciated

take care and may your capital gains be huge but tax efficient and your dividends be forever increasing

cheers,sante et salud

[waldron] 30/1/2019 17:48

looking forward to tomorrow

as per the buybacks they seem to have over 2o billion usd to do until the end of 2020

no doubt they will include it in the outlook and report tomorrow

all exciting stuff

cheers

[waldron] 30/1/2019 17:17

FTSE 100
6,941.63 +1.58%
Dow Jones
24,907.13 +1.33%
CAC 40
4,974.76 +0.95%


Brent Crude Oil NYMEX 62.43 +2.01%
Gasoline NYMEX 1.43 +3.97%
Natural Gas NYMEX 2.87 -1.00%

WTI (WTI)
- 30/01 17:52:09
54.8 USD +2.83%


Eni
14.644 +0.84%


Total
47.02 -0.47%


Engie
13.895 -1.07%

Orange
13.51 +0.15%



BP
511.4 +1.67%

Vodafone
136.7 +1.20%

Shell A
2,276 +1.70%


Shell B
2,285.5 +1.65%

so we have managed to creep back into the 2275 to 2375p BOX
surprised again at the premium of 9.5p

[nellynell] 30/1/2019 16:45

Shell announces the second tranche of the share buyback programme

November 1, 2018

Royal Dutch Shell plc (the 'company') today announces the commencement of trading in the second tranche of its share buyback programme previously announced on July 26, 2018.  The company's intention is to buy back at least $25 billion of its shares by the end of 2020, subject to further progress with debt reduction and oil price conditions.

On October 19, 2018 the company completed the first tranche of its share buyback programme (the 'initial tranche'). In aggregate between July 26, 2018 and October 19, 2018, the company repurchased 60,844,806 A ordinary shares for an aggregate consideration of $2 billion.

The maximum number of ordinary shares which may be purchased by the company under the second tranche of its share buyback programme (the 'second tranche') is 773,155,194, which is the maximum pursuant to the authority granted by shareholders at the company's 2018 Annual General Meeting[1] minus the number of ordinary shares purchased in the initial tranche.

Hopefully this will clear up any confusion....

[waldron] 30/1/2019 15:53

flo

i tend to favour your first assumption despite what nelly says

188.76 seems fine, but then again i have been sipping beer

i will pass on this and hand it respectfully over to our inhouse expert FJG

[florenceorbis] 30/1/2019 15:44

gives a total of 4.5b of shares bought back

yep nelly certainly throw me

so we now have 20.5 billion usd to be divided over 23 months which gives 891 million usd a month or 309.7 million shares a month

i think

does that make sense or should i have a drink

[nellynell] 30/1/2019 15:17

Hi Florence

Sorry maybe my post was abit confusing but yes 4.5 billion (usd) of buybacks have been completed with a further 20.5b (usd) still to buy.

[florenceorbis] 30/1/2019 15:05

nellynell
30 Jan '19 - 13:24 - 4817 of 4818
0 0 0
If my calculations are correct the first set of buybacks started in july where they bought back 2b of shares in us dollars

The second set which has just been completed was for 2.5b so that gives a total of 4.5b of shares bought back leaving another 20.5b still to buy back?


thanks nelly

i thinky you will see its not the number of shares, its the value of 25billion of usdollars in shares


nelly if i take your 4.5 billion times an average of 2200p times an exhange rate of 1.31, i do believe we get 12.97billion us dollars which i believe is half way through the buyback

so if we take the number of months still to run of 23 months there might be roughly usd 543 million buybacks per month during each month equalling some 188.76 million shares per mnth

never been good at maths so please, please double check

[montyhedge] 30/1/2019 14:16

This is the price rise I was expecting tomorrow over 2300p, it always worries me big movement before figures, means every bull taking a position, so even if superb, could they come off has they sell. Old saying better to travel than arrive.

[nellynell] 30/1/2019 13:24

If my calculations are correct the first set of buybacks started in july where they bought back 2b of shares in us dollars

The second set which has just been completed was for 2.5b so that gives a total of 4.5b of shares bought back leaving another 20.5b still to buy back?

[florenceorbis] 30/1/2019 12:23

unlike glencore, shell i agree is not helpful with a total

i was hoping you had another source

Shell seems vague on this subject

[montyhedge] 30/1/2019 12:20

floren
Not sure hard to work out, but they stopped 28th Jan, I suppose for the figures 31st Jan. Resume 1st Feb I guess.

[florenceorbis] 30/1/2019 12:17

Monty

whats the outstanding buybacks outstanding from feb 2019 to december 2020

with a broad bursh calculation we then can the determine the approx monthly buybacks required

[montyhedge] 30/1/2019 11:41

They will step up the buybacks after the figures tomorrow, I would have thought.

[florenceorbis] 30/1/2019 11:39

nelly

what sort of time table should they be on to achieve their objective

23 months as you say soon passes


nellynell
30 Jan '19 - 11:34 - 4811 of 4811
0 0 0
I see that shell have completed the second tranche of buybacks as stated upto 28th january 2019. They need to get a move on if they intend to buy back 25b of stock by end of 2020.

[nellynell] 30/1/2019 11:34

I see that shell have completed the second tranche of buybacks as stated upto 28th january 2019. They need to get a move on if they intend to buy back 25b of stock by end of 2020.

[montyhedge] 30/1/2019 11:10

floren
Nice find.

[fjgooner] 30/1/2019 10:58

@Sogoesit,

I share your irritation with that turncoat mintyhead.

As soon as he's sold out Shell after results, he'll be bleating about fake forward PE valuations (again), flagging unsubstantiated scare stories on the energy sector during the transformation phase (again) and falsely declaring the dividend unsustainable (again).

It's a rinse and repeat job.

I'm sure that many here would agree that he's the most worthless "contributor" that this board has seen in a very long time.

[florenceorbis] 30/1/2019 10:36

ExxonMobil and Shell lead as counterparts lag on EPA's first methane rollback proposal
By EDF Blogs / Bio / Published: January 29, 2019

By Ben Ratner and Rosalie Winn

Methane emissions from the American oil and gas industry waste valuable resources, accelerate climate change and severely cloud the credibility of natural gas in the low carbon transition. Unfortunately, Acting EPA Administrator Andrew Wheeler has proposed to weaken standards limiting pollution from new and modified oil and gas facilities.

Companies across the value chain with a stake in the future of gas have an incentive to urge continued—and enhanced—nationwide methane regulation that helps industry as a whole improve. As EPA reportedly considers issuing an even more extreme, second proposal to eliminate methane regulation, some industry responses include promising signs of leadership that underscore just how out of step this administration’s attacks have been. Other responses (and non-responses) from industry have been more discouraging in supporting regulatory rollbacks that will increase harmful emissions and further call into question the role of natural gas as investors, customers and others demand cleaner energy.

ExxonMobil calls for continued EPA methane regulation

Importantly, ExxonMobil filed comments with EPA noting the company’s support for “federal regulatory standards to mitigate methane emissions for both new and existing source oil and gas facilities,” and urging EPA to “continue” to regulate methane. Exxon also expressed support for comments submitted by the American Petroleum Institute (API) that call for a loosening of the current leak detection and repair requirements for new sources.

Although EDF strongly disagrees with the API comments, Exxon deserves recognition for becoming the first company to call for continued EPA methane regulation. This aspect of Exxon’s comments supports its prior public commitment to advocate for methane regulation (BP, Chevron, Equinor and Shell are among those who have made the identical commitment) and position Exxon as an important voice against rollbacks in 2019 and beyond.
ExxonMobil and Shell lead as counterparts lag on EPA rollbacks


Shell supports continuation of twice-yearly leak inspections

With EPA proposing to weaken leak detection and repair frequency, Shell explained that from its experience, “a continuation of semiannual survey frequency is reasonable for the reduction of fugitive emissions from…affected sources.” By supporting continued twice yearly inspections, Shell showed leadership in becoming the only operator to oppose proposed EPA changes that would immediately increase emissions.

However, Shell stopped short of ExxonMobil by remaining quiet on the underlying need for continued federal regulation of methane, while noting its comments are intended to “complement” those submitted by API and other trade groups, which generally oppose federal methane regulation.

Other companies miss the mark

While some companies stepped up, others supported even more substantial rollbacks or stayed silent, letting lobbying from their trade associations’ lowest common denominator speak for them.

BP comments focused on innovative alternatives for compliance with leak detection standards, while largely ignoring the administration’s proposal to dramatically weaken the core standards themselves, and stopping short of Exxon’s call for continued federal methane regulation. EDF is committed to supporting efforts that incentivize innovative technologies and methodologies to achieve greater emissions reductions at even less cost. Unfortunately, EPA’s proposal to weaken the current core standards for leak detection—an essential element of a rigorous alternative compliance pathway—undermines incentives for innovation.

Other companies actively supported EPA’s proposed rollback and even more environmentally damaging actions. For instance, in its comments, Chevron urged EPA to adopt weaker standards, calling for EPA to implement “no more than an annual frequency for leak detection surveys.” Chevron asserted that increasing emissions with fewer inspections is an “appropriate tradeoff.”

And other companies with positive methane commitments, like Equinor, remained silent in the comment period, effectively allowing API to speak for them.

As the administration reportedly considers eliminating EPA regulation of methane for the oil and gas sector, companies like ExxonMobil and Shell have an opportunity to build on their initial leadership and support a responsible regulatory environment for climate and the future of American natural gas. Their upstream peers and companies across the value chain should join the call before it is too late.