Shell Share Discussion Threads

[waldron] 04/4/2019 05:33

European stocks seen mixed amid US-China trade talks
Published 9 min ago
Ryan Browne
@Ryan_Browne_




Key Points

Market players are watching the latest developments in U.S.-China trade talks.
President Donald Trump is due to meet with Chinese Vice Premier Liu He in Washington.
U.K. lawmakers approved a bill that would force Prime Minister Theresa May to ask for a Brexit delay.

European stocks are set to open mixed Thursday as traders monitor ongoing U.S.-China trade talks.

[waldron] 03/4/2019 20:17

Vatican plans additional meeting with Big Oil to discuss climate change
By Kelly Gilblom, Chiara Albanese and John Follain on 4/3/2019
null
Photo: Pope Francis, head of the Catholic Church and sovereign of the Vatican City State.

LONDON (Bloomberg) -- As part of Pope Francis' campaign to counter climate change, the Vatican has extended a second invitation to major oil companies to participate in a discussion about their company's roles in generating and reducing pollution.

Top executives from BP Plc and Eni SpA are among those invited to attend a two-day meeting from June 13, according to people familiar with the plan. The officials could meet the Pope on the second day, they said.

CEO's of ExxonMobil Corp., Eni and BP, along with asset manager BlackRock Inc.’s Larry Fink, attended a similar meeting last year, in which they agreed the world needed to transition to lower-carbon fuels while ensuring adequate supply. Since then, little progress has been made on some of the key points agreed at that meeting, such as carbon pricing.

The Pope’s spokesman declined to comment when asked about this year’s meeting.

The interest of Pope Francis, who has made climate change a cornerstone of his papacy, adds to the pressure companies are already facing on emissions. Royal Dutch Shell Plc gave in to demands from investors last year to set short-term climate targets, while BP has said it will disclose more information about the alignment of its business model with the Paris accord. ExxonMobil has successfully blocked a measure from investors on climate change.

In its strategy update last month, Eni said it will plant 20 million acres of forest in Africa to help offset all carbon dioxide emissions from its oil and gas exploration and production operations by the end of the next decade.

The Pope said in an encyclical letter in 2015 that the science around the topic is clear and that the Catholic Church should view it as a moral issue. The Vatican, which has diplomatic relations with over 180 countries and has permanent observer status at the United Nations, has also fervently backed the Paris climate agreement.

[pete160] 03/4/2019 19:39

Thank you. Yes, Rdsb up only 0.3% today but at least it didn't mirror IMB, another of my core dividend holdings, which was down 4%!

[waldron] 03/4/2019 17:10

FTSE 100
7,418.28 +0.37%
Dow Jones
26,258.01 +0.30%
CAC 40
5,468.91 +0.84%

Brent Crude Oil NYMEX 69.10 -0.39%
Gasoline NYMEX 1.93 +0.19%
Natural Gas NYMEX 2.67 -0.60%


(WTI) - 03/04 17:48:07
62.26 USD -0.35%


Eni
15.904 +0.72%



Total
50 +0.04%

Engie
13.47 +0.90%

Orange
14.83 +1.54%



BP
560.3 -0.62%

Shell A
2,434 +0.02%


Shell B
2,458.5 +0.35%

[jrphoenixw2] 03/4/2019 11:40

Bakero/Pete160 - Thanks for your points. I used to hold RDSB for many years, but not for a few/+ years now so am looking again afresh and looking for stress-points in likely future performance and returns. I had forgotten it's very long record of maintaining the dividend so thx for highlighting that.
One thing I'll look at is the CY% vs the £/$ rate, ie where might it be IF Sterling moved back towards more historically typical levels? I'll also look at dividend coverage, and if possible some history of it. It would be interesting to see how coverage has moved vs the 'maintained' dividend.
[Apologies for ruffling any feathers, not my intention, just a 'flat div' is not at all typical IME...]

[maywillow] 03/4/2019 09:41

BusinessHQ

4 hrs ago
Shell gets $141m UK oil and gas tax refund
By Mark Williamson Group Business Correspondent
The Shell Brent Delta platform is brought to Able UK shipyard in Hartlepool Picture: Owen Humphreys/PA Wire

The Shell Brent Delta platform is brought to Able UK shipyard in Hartlepool Picture: Owen Humphreys/PA Wire
0 comment

ROYAL Dutch Shell got a net tax refund of $140.8 million in respect of its UK exploration and production operations last year as decommissioning costs mounted.

In a report on payments made to governments in 2018 the oil giant disclosed that it received $147m refunds net of production taxes in the UK. The refunds were also offset by $6.2m fees paid by Shell.

The size of the refund reflects the cost of the works completed on decommissioning facilities developed for the giant Brent field north east of Shetland.

The 24,000-tonne Brent Delta platform was removed in 2017 for processing on Teeside.

In a report published last month MPs warned the cost to the UK taxpayer of decommissioning oil and gas assets could be much higher than the £24 billion official estimate.

The Public Accounts Committee noted the estimate of the tax relief payable was based on the middle of the range of the forecasts made by the Oil and Gas Authority for the costs of decommissioning. The regulator found these would likely total from 45bn to £77bn.

The highest total amount paid to any country by Shell in respect of exploration and production activity last year was the $6.4bn paid to Nigeria.

The company paid a total of $29.4bn globally.

[waldron] 03/4/2019 07:48

IBADAN, Nigeria-Royal Dutch Shell PLC`s (RDSA, RDSA.LN) Nigerian units said Tuesday that over $6.397 billion was paid to the Nigerian government and its agencies in 2018.

Bamidele Odugbesan, a Shell spokesman, said in a statement that the amount was paid by Shell exploration and production companies in Nigeria comprising The Shell Petroleum Development Co. of Nigeria Ltd., or SPDC, and Shell Nigeria Exploration and Production Co. Ltd., (SNEPCo).

He said the 2018 payment represent a 48% increase over payments by the companies to the Nigerian government in 2017 which was $4.322 billion.

Nigeria is Africa`s biggest oil exporter and depends on the commodity for over 90% of its foreign exchange earnings and 70% of government revenue, according to the International Monetary Fund.

In the breakdown of the 2018 payments, Mr. Bamidele said the Shell companies paid $3.776 billion to the state-run Nigerian National Petroleum Corp. as production entitlement while $1.286 billion was paid in taxes to the Federal Inland Revenue Service.

He added that another $1.253 billion went to the country`s Department Petroleum Resources for royalties and fees, while $81.5 million was remitted to the Niger Delta Development Commission.

International oil companies operating in Nigeria pay a certain percentage of their earnings to the commission to develop the Niger Delta-where the bulk of Nigeria`s oil is produced, and pacify armed militants there who claim that the area hasn't had a fair share of the country`s oil revenue.

According to Mr. Bamidele, the payments formed part of the four documents released on Tuesday by the group chief executive officer of Royal Dutch Shell, Ben Van Beurden, to signal the global oil giant`s "renewed commitment to greater transparency."

The documents are: Shell Sustainability Report; Industry Associations Climate Review, Nigeria Briefing Notes; and Payments to Government Report.

Osagie Okunbor, managing director of SPDC and Country Chair, Shell Companies in Nigeria, described the reports as "further testament to Shell`s efforts to increase transparency around activities that are important to investors, government and civil society."



-- Obafemi Oredein; Dow Jones Newswires



(END) Dow Jones Newswires

April 02, 2019 15:24 ET (19:24 GMT)

[waldron] 03/4/2019 07:16

European markets seen higher amid optimism over US-China trade talks
Published 17 min ago | Updated Moments Ago
Sam Meredith
@smeredith19




Key Points

The FTSE 100 is seen 8 points higher at 7,399, the CAC is expected to open up around 32 points at 5,455, while the DAX is poised to start 91 points higher at 11,845, according to IG.

[pete160] 03/4/2019 06:59

Genuinely, please do enlighten us as to what you consider as more solid performers in such volatile times.

[bakero] 03/4/2019 06:53

The $-dividend hasn't been cut since at least World War 2, and is currently yielding 5.9%Are there many other companies you are running your slide-rule over and getting a better first impression?

[jrphoenixw2] 02/4/2019 22:21

The $-dividend hasn't increased in 5+ years, why would a newcomer wish to invest?

Just running the slide-rule, and that's not a good first impression.

[waldron] 02/4/2019 17:04

FTSE 100
7,391.12 +1.01%
Dow Jones
26,170.79 -0.33%
CAC 40
5,423.47 +0.33%

Brent Crude Oil NYMEX 69.36 +0.51%
Gasoline NYMEX 1.92 +0.88%
Natural Gas NYMEX 2.69 -0.85%


(WTI) - 02/04 17:40:40
62.3 USD +0.86%


Eni
15.79 -0.25%



Total
49.98 -0.04%

Engie
13.35 +0.26%

Orange
14.605 +0.14%



BP
563.8 +0.82%


Shell A
2,433.5 +0.72%


Shell B
2,450 +0.72%

[fjgooner] 02/4/2019 15:00

Here, here!

[grupo guitarlumber] 02/4/2019 14:46

Is the Shell share price the bargain of the year?

Alan Oscroft | Tuesday, 2nd April, 2019 | More on: RDSB
Compass pointing towards 'best price'
Image source: Getty Images.

If I had to choose just one stock to buy today and hold for 10 years, my choice would be easy. There are plenty I like the look of — still can’t see Lloyds Banking Group as anything but undervalued, I reckon AstraZeneca could well be on the cusp of a new growth phase, and forecast dividends of more than 5.5% from National Grid look very tempting.

There are more too, but for me by far the tastiest on the market right now is Royal Dutch Shell.

I don’t yet own any Shell shares, and you’d be quite right to ask me why I haven’t put my money where my mouth is. But the key word is “yet” and I will be buying some as soon as I complete the tortuous process of getting some pension funds transferred.
Why Shell?

My colleague Roland Head summed it up nicely by saying “the shares trade on a modest 12 times forecast earnings with a dividend yield of 5.9%. In my view, this is one of the safest dividends you’ll find.” Let’s dig a bit deeper.

The shares are currently priced at 12 times forecast earnings for 2019, and that would drop to only a little over 10 if the earnings growth predicted for 2020 proves accurate. The long-term FTSE 100 average stands at around 14, so on its own that’s a positive indication. But not enough to swing it.
Cash

Next up is the key attraction for me, the dividend. Currently forecast at 5.9% based on today’s share price, that’s a cracking annual return. It beats the pants off a Cash ISA where you’d be lucky to get 1.5%. And it’s significantly higher than even the record FTSE 100 average of 4.9% predicted for 2019.

A 5.9% yield would double the value of an investment made today in approximately 12 years. That’s from dividends alone, and any share price growth would be a bonus. Is the dividend as safe as Roland thinks? It’s something I repeat often, but it’s a stunning fact… Shell has not cut its dividend even once since the end of World War II, and that includes the 70s oil crisis and the recent oil price slump. I can’t see safer than that.
Oil price

You might think that Shell’s future is going to depend a lot on the price of oil, but I see that as really only a short-term concern. The dip to $30 per barrel in 2016 was unsustainable, as whole countries would have gone bust in the long run at that price. Shell is profitable at around $50 and, at current prices, is throwing off masses of cash.
Hurdles?

What else might hurt Shell? Some folk foresee the end of our dependence on oil. That’s a genuine concern, but surely only a very long-term one. We’ll see more carbon-efficient ways of using oil, for sure, and growth in electric-powered transport will shift to centralised combustion with the potential to be far cleaner and more efficient.

But there just isn’t a source with sufficient energy density to replace oil any time soon (other than nuclear power, which is pretty much off the table). And which companies have the expertise and the cash to develop alternative ways of generating energy (including from oil itself)? I’d say the likes of Shell.

[adrian j boris] 02/4/2019 13:01

Royal Dutch Shell PLC (RDSB.LN) said Tuesday that it won't renew its membership with industry association American Fuel & Petrochemical Manufacturers in 2020, due to a material misalignment over climate policy.

The Anglo-Dutch oil-and-gas major said it decided to part ways with AFPM after conducting its first review on its association within 19 industry groups.

The company said it found some misalignment with nine other bodies, including the American Petroleum Institute and FuelsEurope.

Chief Executive Ben van Beurden said it was important that Shell's participation in industry associations is consistent with the company's views.

Mr. van Beurden said: "We must be prepared to openly voice our concerns where we find misalignment with an industry association on climate-related policy. In cases of material misalignment, we should also be prepared to walk away."



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

April 02, 2019 07:10 ET (11:10 GMT)

[imperial3] 02/4/2019 11:57

Thank you AJB.

[imperial3] 02/4/2019 11:30

When is the latest printed hard copy of the latest Annual Report and Accounts available? If soon,do we contact their registrars or direct from the company?