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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Shell Plc | SHEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 17.50 | 0.69% | 2,568.50 | 08:21:33 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,558.00 | 2,554.50 | 2,574.50 | 2,551.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 27/10/2022 | Interim | GBP | 0.2631 | 16/11/2023 | 17/11/2023 | 20/12/2023 |
| 27/10/2022 | Interim | GBP | 0.2612 | 10/08/2023 | 11/08/2023 | 18/09/2023 |
| 27/10/2022 | Interim | GBP | 0.2299 | 18/05/2023 | 19/05/2023 | 26/06/2023 |
| 27/10/2022 | Interim | GBP | 0.2411 | 16/02/2023 | 17/02/2023 | 27/03/2023 |
| 28/10/2021 | Interim | GBP | 0.2061 | 10/11/2022 | 11/11/2022 | 19/12/2022 |
| 28/10/2021 | Interim | GBP | 0.2157 | 11/08/2022 | 12/08/2022 | 20/09/2022 |
| 28/10/2021 | Interim | GBP | 0.2001 | 19/05/2022 | 20/05/2022 | 27/06/2022 |
| 28/10/2021 | Interim | USD | 0.24 | 17/02/2022 | 18/02/2022 | 28/03/2022 |
| Top Posts |
|---|
Posted at 08/11/2024 19:53 by xtrmntr The gap between BP (BP.) and Shell (SHEL) looked wider than ever after the latter released positive third-quarter results, and reassured investors its buybacks remained affordable. Earlier this week, BP flagged a potential cut to its $14bn (£10.8bn) buyback plan early next year as analysts focused on its rising debt levels. Shell reported adjusted earnings of $6bn for the three months to 30 September, down 4 per cent on the previous quarter and 3 per cent compared with last year. This was 12 per cent ahead of the consensus forecast. The drop compared with the second quarter was down to smaller refining margins, which fell from $7.70 a barrel in the previous quarter to $5.50. While Shell management had guided for a weaker trading profit, the marketing division actually increased its adjusted earnings by 9 per cent, to $1.2bn. This is almost double the figure from a year ago. Energy prices have dropped significantly since the industry's super profits of 2022, and adjusted earnings are down around a third since then. Shell's strategy has shifted to spending heavily on buybacks and putting cash back into the business, and "every decision is benchmarked against our shares", said chief executive Wael Sawan. "Given where [the shares] have been trading, we continue to preferentially allocate incremental capital towards share buybacks," he added. Buybacks for the next three months will again total $3.5bn. The dividend is maintained at 34.4¢. The company has announced new spending in recent months, and announced final investment decisions on the Manatee gas project in Trinidad and Tobago and the Vita project in the Gulf of Mexico. Capital spending will be at the low end of the $22bn-$25bn guidance, Sawan said. Net debt at $35bn is down $3bn from the end of June. "The fall in net debt (even after adjusting for working capital) confirms the sustainability of Shell's capital allocation while the cut in FY24 capex guidance confirms the company's capital efficiency," said Jefferies analyst Giacomo Romeo. Shell's short-term strategy is still clear send free cash to investors, limit new spending and costs where possible. What comes next is less clear, given Sawan's preference to maintain or even increase oil and gas production. Hold. |
Posted at 01/11/2024 07:19 by xtrmntr Shell is head of the UK pack, says AJ Bell Shell (SHEL) has beaten 'gloomy' forecasts despite weaker oil prices and AJ Bell says it remains ahead of its UK peer BP (BP).The Citywire Elite Companies AAA-rated oil major reported a forecast-beating third quarter, with profits of $6bn being 12% higher than expected but still 4% lower than the previous quarter as oil prices continued to be buffeted by demand worries.The group recommenced its buyback programme, confirming it will repurchase £3.5bn of stock, matching its previous buyback sum. The shares rose 3.5% to £25.79 on Thursday and have traded sideways year to date.'Shell has managed to beat some gloomy forecasts in the third quarter despite the weak oil price. The addition of a new share buyback has helped drive a positive response from the market,' said analyst Russ Mould.'The company's long-term strategy of focusing on natural gas appears to be paying off with the integrated gas division proving the real engine of growth.'New chief executive Wael Sawan has been 'streamlining and simplifying' the business and taking a 'hard-nosed approach' to the energy transition, which appears to be paying off. 'While the aspiration of keeping up with US peers is still to be met, Shell has at least outperformed its direct UK rival BP,' said Mould. |
Posted at 10/10/2024 14:33 by waldron Should I 'buy' Shell or BP? Here's what a leading investment bank has to sayPublished: 13:22 09 Oct 2024 BST Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC face mixed forecasts as they prepare for third-quarter reports, according to JP Morgan’s latest research on the oil and gas sector. Both companies are expected to see lower profits in the upcoming quarter, though Shell's outlook is seen as more stable than BP's, reinforcing its position as a preferred investment. The Anglo-Dutch giant, which will release its results on October 31, is forecast to post a net income of $5.4 billion for the third quarter. This is a drop from the $6.3 billion reported in the same period last year. The decline reflects weaker trading in refined products and a seasonal reduction in liquefied natural gas volumes, but JP Morgan analysts suggest Shell remains a resilient performer. The company’s robust cash flow, forecast at $12.5 billion, will likely support ongoing share buybacks of $3.5 billion and an attractive dividend yield of 11.1%. BP, on the other hand, faces a more challenging quarter. Net income is expected to be $2.3 billion, down 30% from the prior year, while BP's cash flow is also projected to fall to $6.3 billion. Analysts highlight higher maintenance costs and lower production in key regions as significant factors behind the weaker performance. BP’s long-term strategy could be under scrutiny amid reports that it may reconsider its target to cut oil and gas production by 2030. Looking at the broader market, oil prices are expected to remain volatile, with forecasts for Brent crude at $70 per barrel in 2025, down $10 from earlier projections. This could impact the long-term earnings of both companies, though Shell appears better positioned to weather the market’s ups and downs due to its higher free cash flow and disciplined capital management. BP’s outlook, by contrast, remains more uncertain as it contends with the fallout of strategic shifts and potential reductions in production. JPMorgan analysts have reiterated their 'overweight' rating on Shell, maintaining that it is one of the best-equipped companies in the sector to handle volatility. BP, however, continues to carry an 'underweight' rating. PROACTIVE |
Posted at 09/9/2024 07:59 by jrphoenixw2 SHELL PLC SECOND QUARTER 2024 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTSSeptember 9, 2024 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2024 interim dividend, which was announced on August 1, 2024 at US$0.344 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by September 2, 2024 will be entitled to a dividend of US$0.344, €0.3102 or 26.15p per ordinary share, respectively. |
Posted at 09/8/2024 07:49 by xtrmntr In a weaker price environment, energy major Shell (SHEL) has largely held on to last year's profit level, beating analyst forecasts. The company reported interim adjusted earnings of $14bn (£11bn), 5 per cent behind last year. The June quarter profit was down a fifth on the previous quarter, at $6.3bn, driven by lower prices in the integrated gas division and weaker margins in the chemicals business. This was ahead of analyst expectations of $5.9bn, however. The quarterly investor payouts will remain at the levels announced in April alongside the March quarter results, with the dividend at 34.4c and the buyback at $3.5bn. Chief executive Wael Sawan has put Shell on a cost cutting focus at the same time as spending to increase production. This included suspending work at a Rotterdam biofuel refinery that was close to completion at the beginning of July, which contributed to a $783mn impairment in these results. The sale of the Singapore refinery to a joint venture of Glencore (GLEN) and an Indonesian chemicals firm also resulted in a $708mn write-down. Sawan said the company had managed to take out $1.7bn of annual costs in the first half, compared to 2022 cost levels, which helped balance out lower trading profits and refining margins. These dented earnings on top of weaker oil and gas prices. Capital expenditure overall was down over a fifth to $9.2bn in the half overall, but spending rose in the integrated gas division by 15 per cent. Shell has said liquefied natural gas (LNG) will remain a focus, as demand is forecast to remain high for the product deep into the 2030s. Last month, Shell gave a Caribbean gas project the green light, as part of its goal to ramp up LNG output by as much as 30 per cent in the next six years. Spending has continued on renewables projects as well, although the capacity of projects under construction or committed for sale is down to 3.8 gigawatts, compared to 4.6 gigawatts a year ago. The earnings in that segment tumbled in the half, although this was largely down to a more sedate energy sector in Europe. The division fell to an adjusted loss of $24mn in the first half, compared to a $634mn profit last year, hit by an $831mn drop largely from "lower volatility and declining prices" in Europe. There are risks to this potentially short-term(ist) approach of upping gas output and stripping back costs, given the next energy shock could go against oil and gas, but investors have backed this strategy from Sawan, pushing the shares up 12 per cent this year. Hold. Last IC View: Hold, 2,846p, 1 Feb 2024 |
Posted at 09/1/2024 11:12 by xxxxxy Shell plc's SHEL, subsidiary, Shell Petroleum Development Co. of Nigeria Ltd. ("SPDC"), achieved a significant legal victory as Nigeria's Supreme Court upheld its appeal in a pollution case. This decision, issued in 2022, has far-reaching implications, especially since it's believed to pave the way for the sale of assets (worth billions of dollars) in the country.Understandin |
Posted at 13/12/2023 20:39 by pj84 "ShellIt seems that the main reason to buy Shell (GB:SHEL) remains its cheap valuation, especially compared with its US peers. Invesco Comstock managers Kevin Holt, James Warwick and Devin Armstong are the latest top-performing investors to have seized upon the shares’ low rating, buying into the oil giant in August. ‘Shell has underperformed recently, which allowed us to initiate a position in this top-tier oil and gas firm,’ they said in their latest update to investors. They are three of 55 Elite Investors backing in the shares, resulting in Shell’s status as the top London-listed stock in the Citywire Elite Companies rankings. Jon Bosse and Jujhar Sohi, who own Shell in their Nuveen Large Cap Value and Multi Cap Value funds, said the shares were ‘exceptionally undervalued’, adding that chief executive Wael Sawan was ‘driving positive change and a commitment to shareholder returns’ in an update to their investors. These shareholder returns are in the form of growing dividend and share buybacks, with Shell’s investment strictly controlled to generate plenty of cash flow. Oil and gas and production and trading profits are under pressure from an oil price which has been drifting lower since the summer. However, over the medium term, Shell should benefit from being one of the leading integrated liquified natural gas (LNG) players as gas remains a key transition fuel for countries aiming to reduce their carbon dioxide emissions. With Shell shares trading on just 7.5 times forecast earnings for the next 12 months, it’s not hard to to see why management is growing buybacks. Shell’s top Elite Investors Elite Investor Fund Size in fund Rank in fund Steven Magill UBS UK Equity Income Fund 8.3% 2/36 Martin Walker Invesco UK Equity 6.7% 2/36 Oliver Kelton WS Ardtur Continental European Fund 6.5% 3/24 Sources: Citywire / Morningstar, latest holdings data." |
Posted at 11/12/2023 07:05 by garycook SHELL PLC THIRD QUARTER 2023 EURO AND GBP EQUIVALENT DIVID PAYMENTSDecember 11, 2023 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2023 interim dividend, which was announced on November 2, 2023 at US$0.331 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by December 1, 2023 will be entitled to a dividend of US$0.331, EUR0.3070 or 26.31p per ordinary share, respectively. Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share shown above. Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from December 6 to December 8, 2023. This dividend will be payable on December 20, 2023 to those members whose names were on the Register of Members on November 17, 2023. |
Posted at 10/5/2023 16:37 by jrphoenixw2 Telelgraph/Questor today:---------------- 'Painful for some to admit it, but this stock remains an income staple Questor share tip: investors prioritising dollars and cents will be pleased to see this giant pumping out cash ---------------- The bumper first-quarter profits published by Shell last week will upset environmental campaigners and many householders alike, especially those who are finding it hard to pay their bills or keep their car topped up. Even global tax payments of $5.6bn (£4.5bn) in the first three months of the year – $2.1bn more than in the equivalent period in 2022 – may not assuage their fury. But those investors who desire reliable income and are prepared to focus purely on dollars and cents, nickels and dimes rather than debate environmental, social or governance (ESG) issues, will be pleased to see the oil and gas giant pumping out cash. Shell handed over $6.3bn via buybacks and dividends in the first quarter alone and annualising that equates to £20bn, or a cash yield in the double-digit percentage range. That is probably the key number right now because Shell’s earnings do take some studying. On the face of it, the business model of an oil major is easy enough to understand. They explore and drill for and then produce hydrocarbons; they ship and refine them; they trade them; and they sell refined product at petrol stations or end-products like chemicals. Simple. Quantifying how well they do this is a different matter and besides statutory measures such as pre-tax or net (after-tax) income, Shell also refers to earnings before interest, tax, depreciation and amortisation (Ebitda), adjusted Ebitda, adjusted earnings and earnings on a CCS (current cost of supply) basis, which excludes the effect of changes in the oil price. To quote Ed Murrow, the American broadcaster: “Anyone who isn’t confused really doesn’t understand the situation.” To cut through all of that, it may be simplest to look at net, or after-tax, income. In the first quarter, Shell reported net profit of $8.7bn, compared with $7.1bn a year ago. That increase may seem odd, bearing in mind the average prices received by Shell for its oil and natural gas fell by a fifth and two fifths respectively from the first quarter of 2022 to the first quarter of this year. But Shell booked a $3.9bn writedown on its Russian assets in the first quarter of last year, so profits were down this time compared with a year ago once that is taken into account, thanks to lower hydrocarbon prices, no great change in output and higher taxes. That meaty net profit figure more than covers the dividend, which equates to a 3.9pc forward dividend yield, according to analysts’ consensus estimates, and the buyback. As such, it forms the main plank of any investment case for the stock, even if any portfolio-builder who runs strict ESG screens is likely to be unmoved and stick to their own personal principles, especially if they believe oil firms to be profiteering. The sheer scale of the net profit number inevitably raises that issue. This column, however, views commodity producers as price takers rather than price givers, by the very nature of their business – a commodity comes with little or no differentiation, by definition, so the supplier’s key tools to attract buyers are efficiency of production and price. And there are so many influences on the oil price, ranging from global economic growth to geopolitics and sanctions, environmental pressures, the role of Opec and more. --------- Shell key facts Market value: £162bn Last full-year dividend (Dec 22): 86p Yield (Dec 23E): 3.9pc Turnover (Dec 23E): $346bn Pre-tax profit (Dec 23E): $46.1bn Net debt (Mar 23): $81.8bn Return on capital (Dec 23): 24.6pc Cash conversion (Dec 23): 68pc PE ratio (Dec 23E): 7.0x --------- Shell probably has more influence on price for refined products, especially those for sale on petrol station forecourts, although drivers will do their best to shop around. The company’s acknowledgement that trading of crude oil, refined products and petrochemicals contributed strongly to first-quarter earnings is harder to defend against profiteering claims, and campaigners will be pleased, in this context, to see the increased tax charge. The debate is unlikely to die down and may only recede if oil and gas prices go lower and drag Shell’s earnings with them. That remains a key risk to the share price and any falls here could offset the benefits of the income, if an investor is obliged to sell the paper at an inopportune moment and has to crystallise any losses. Fears of a recession leave Brent crude back near $70 a barrel, so the effect of Opec’s April production cut is proving short-lived (to perhaps show how hard it is to profiteer and bend a global market like oil to anyone’s will). But analysts are already forecasting decreases in net income in 2023, 2024 and 2025, so this is hardly news. The shares look cheap on yield and relative to the company’s £155bn in net assets, while a forward price-earnings ratio of seven looks undemanding. Shell remains an income staple. Questor says: hold Ticker: SHEL Share price at close: £23.76 |
Posted at 05/12/2022 13:23 by waldron SHELL PLC THIRD QUARTER 2022 EURO AND GBP EQUIVALENT DIVID PAYMENTSDecember 5, 2022 The Board of Shell plc ("Shell") today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2022 interim dividend, which was announced on October 27, 2022 at US$0.25 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by November 25, 2022 will be entitled to a dividend of US$0.25, EUR0.2398 or 20.61p per ordinary share, respectively. Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share shown above. Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from November 30 to December 2, 2022. This dividend will be payable on December 19, 2022 to those members whose names were on the Register of Members on November 11, 2022. Taxation - cash dividend With Shell's tax residence moved to the UK, dividends paid to shareholders on their ordinary shares will not attract Dutch dividend withholding tax. This means that holders of the former A shares receive their dividends in full as Dutch dividend withholding tax is no longer withheld on these dividends. Holders of the former B shares receive their dividends directly from Shell as these dividends will no longer be paid through the Dividend Access Mechanism. If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. |
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