Shell Share Discussion Threads

[geckotheglorious] 27/10/2022 11:42

Spud
Agreed Spud. So it'll be time to be well clear of them come next GE.
In fact I'll be liquidating most of my UK exposure if it looks as if Labour will sweep in at the polls...

[spud] 27/10/2022 11:37

Ageeed tufty, until Labour get to office, then everything is off the table unfortunately.

The next government will make Banks and Energy a busted flush imo.

spud

[chiefbrody] 27/10/2022 11:35

Yeh I missed that. I was reading comments saying a 15% div increase here and was like wtf! It's the same as last time. Had a late night there my excuse!Anyways, good to know. Should take the current yield closer to 4% for newbies and higher still for oldies.

[tuftymatt] 27/10/2022 11:33

When there is a sit down discussion between the big boys in this sector and the Government about a "windfall" tax then the points such as that raised by Aleman will be discussed in detail.

I think it's inevitable that something will have to be given but it won't be anything like the crazy figures thrown around that recently spooked the share price of companies potentially impacted.

[adg] 27/10/2022 11:06

All agenda driven - I never used to believe such a thing but it’s so obvious it cannot be ignored - it takes but a few brain cells to see where the masses are being guided by media/social media but the brainwashed masses don’t see it

[aleman] 27/10/2022 10:54

Media full of reports of the obscene/eye-watering profits of over $30bn YTD as they call for a windfall tax. Not one I've seen has mentioned the YTD tax charge rising from $4.5bn last year to $16.0bn this ....

[lippy4] 27/10/2022 10:26

i see with this drive to co2 zero that by 2050 the opec countries especially saudi will have 50% control of oil production.

the powers that be are just handing over the same situation that we have with russia to another not so friendly power.

when will our governments learn its co2 cannot be changed in such a few years if ever as every thing that is made emits co2 as well as our selves..

[the grumpy old men] 27/10/2022 09:36

Oil giant Shell reveals plans to hike dividend as it reports third-quarter profit


Published Thu, Oct 27 2022
2:25 AM EDT
Updated An Hour Ago

Silvia Amaro
@Silvia_Amaro

Sam Meredith
@smeredith19

CNBC


Key Points

The oil giant also announced Thursday a new share buyback program.

It also revealed plans to increase its dividend per share by around 15% for the fourth quarter 2022.

The group’s results come soon after it was announced CEO Ben van Beurden will step down at the end of the year after nearly a decade at the helm.


British oil major Shell reported a third-quarter profit Thursday, but lower refining and trading revenues brought an end to its run of record quarterly earnings.

Shell posted adjusted earnings of $9.45 billion for the three months through to the end of September, meeting analyst expectations of $9.5 billion according to Refinitiv. The company posted adjusted earnings of $4.1 billion over the same period a year earlier and notched a whopping $11.5 billion for the second quarter of 2022.

The oil giant said it planned to increase its dividend per share by around 15% for the fourth quarter 2022, to be paid out in March 2023. It also announced a new share buyback program, which is set to result in an additional $4 billion of distributions and expected to be completed by its next earnings release.

Shares of Shell are up over 41% year-to-date.

The London-headquartered oil major reported consecutive quarters of record profits through the first six months of the year, benefitting from surging commodity prices following Russia’s invasion of Ukraine.

Shell warned in an update earlier this month, however, that lower refining and chemicals margins and weaker gas trading were likely to negatively impact third-quarter earnings.

On Thursday, the company said a recovery in global product supply had contributed to lower refining margins in the third quarter, and gas trading earnings had also fallen.

“The trading and optimisation contributions were mainly impacted by a combination of seasonality and supply constraints, coupled with substantial differences between paper and physical realisations in a volatile and dislocated market,” Shell said in a its earnings release.


Change in leadership

The group’s results come soon after it was announced CEO Ben van Beurden will step down at the end of the year after nearly a decade at the helm.

Wael Sawan, currently Shell’s director of integrated gas, renewables and energy solutions, will become its next chief executive on Jan. 1.

A dual Lebanese-Canadian national, Sawan has held roles in downstream retail and various commercial projects during his 25-year career at Shell.

“I’m looking forward to channelling the pioneering spirit and passion of our incredible people to rise to the immense challenges, and grasp the opportunities presented by the energy transition,” Sawan said in a statement on Sept. 15, adding that it was an honor to follow van Beurden’s leadership.

“We will be disciplined and value focused, as we work with our customers and partners to deliver the reliable, affordable and cleaner energy the world needs.”

[veryniceperson] 27/10/2022 09:26

15% Dividend increase 4 quarter will help with rising inflation. Good luck.

[spud] 27/10/2022 09:20

BBC reporting a 15% increase in dividend.spud

[adg] 27/10/2022 09:14

They are recommending a 15% dividend increase Q4 Brody - you must have missed it - but there is a lot to go through !

[chiefbrody] 27/10/2022 09:09

Pleasantly surprised with the share price this morning. Not seen for 2 months. Still no div increase. Not surprised. Buybacks again. Not surprised. Hey ho. Onwards and slightly upwards. Back to sleep. Until the New Year. Good luck all.

[xxxxxy] 27/10/2022 08:34

Almost 50 tankers full of liquified natural gas (LNG) are waiting for winter off the coast of Europe, after a sharp fall in prices made it less profitable to dock and sell their cargo. With mild weather driving natural gas prices far below the highs reached earlier this year, experts said the vessels had parked up to wait for colder months when demand is expected to soar again as households turn the heating on.There are currently 49 vessels in the vicinity of Europe, research firm Wood Mackenzie said on Wednesday, out of the 278 operating worldwide. Many of the ships rushed towards Europe following urgent calls for more supplies over the summer, when Russia throttled pipeline flows in retaliation for western sanctions levied over the Ukraine war. But with relatively warm weather keeping gas usage lower than expected for now and storage tanks in many EU countries almost full, the arrival of so many ships has resulted in a glut of LNG that has pushed day-ahead prices down to their lowest levels since last summer.... Daily Telegraph

[waldron] 27/10/2022 08:14

Shell PLC on Thursday reported third-quarter earnings that fell 18% on quarter, citing lower trading and margins and higher expenses, and kicked off a $4 billion share-buyback program.

The energy giant posted adjusted earnings of $9.45 billion for the period, down from $11.47 billion in the second quarter but beating market expectations of $9.0 billion, provided by Vara Research and averaged from 27 analysts' estimates. Last year it posted third quarter adjusted earnings of $4.13 billion.

Shell said the on-quarter earnings decline reflected lower liquid natural gas trading and optimization results, lower chemicals and refining margins, higher underlying operating expenses and losses from fair value accounting and impairment charges.

Adjusted earnings before interest, taxes, depreciation and amortization came in at $21.51 billion, down from $23.15 billion in the second quarter and above market expectations of $20.72 billion, provided by Vara and based on 21 analysts' estimates.

Net income was $6.74 billion compared with $18.04 billion in the second quarter.

Shell declared a quarterly dividend of $0.25 a share, in line with the second quarter.

The company also said it will hold a share buyback program, to reduce its share capital. All shares repurchased across both the London and Netherlands exchanges will be cancelled. The program is expected to complete within three months.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

October 27, 2022 02:36 ET (06:36 GMT)

[veryniceperson] 27/10/2022 08:08

2 billion of extra borrowing, that surprising.

[wad collector] 27/10/2022 08:06

Good move politically to increase the buybacks rather than increase the dividend. Even more astute would probably have been to announce more reinvestment into renewables though....

[stoopid] 27/10/2022 07:58

Well, results look OK, will see in 5 mins how it is received.......

[adg] 27/10/2022 07:05

$4 billion buyback and 15% dividend rise
Debt went up almost $2b

[the white house] 26/10/2022 18:47

So with the Footsie down 300 & Brent down 8 bucks a price rise of over 200 in the time period is marvellous against the tideAnd a divvi increase received to boot Onwards and upwards Happy days

[the white house] 26/10/2022 18:43

....Sharp insight into the needs of shareholders...Intriguing comment after hours about what looks a decent new chappieOnto the wonderful buyback summary that you have all been waiting for So 3 months at start day of latest tranche we had Shell @ 2080Footsie @ 7350Brent @ 104Close out today (although in practice cob last Friday)Shell @ 2296Footsie 7050Brent @ 96

[veryniceperson] 26/10/2022 17:08

You should be OK tomorrow guys. More share buy backs. BP holder myself we report Tuesday. Good luck.

[spud] 26/10/2022 16:59

Don't be stoopid Stoopid! This is Shell (the perennial disappointer) were talking about here!

spud