Shell Share Discussion Threads

[xxxxxy] 10/12/2022 15:06

John Redwood@johnredwoodWhen it's cold we need more electricity. Gas, coal and wood providing 69% of what we need, wind and solar 11% this morning. Good job we did not close more fossil fuel stations.7:43 am · 10 Dec 2022

[waldron] 10/12/2022 13:07

support 2253p

divi pay due 19th december

[the white house] 09/12/2022 14:12

Natty up 7 pc London & Berlin minus for next week, China on the bid again, should feed thru here in a bit...

[xxxxxy] 08/12/2022 20:06

peter eynon13 HRS AGOFracking being a "non starter" is purely a political decision, but if it was allowed we would have gas flowing within a year.Our gas, free from supply concerns, cheaper than imports.Absolute madness why we are not fracking already, apart from that it would go against the climate change religion.I am a proud heretic of that religion!... Daily Telegraph

[xxxxxy] 07/12/2022 15:06

John Redwood@johnredwoodGood news the UK is importing more US gas to keep us warm and to help our European neighbours during an energy shortage. Better news would be faster progress in getting out more of our own gas to boost our tax revenues and cut the import bill.5:49 am · 7 Dec 2022

[geckotheglorious] 07/12/2022 14:50

Leonv

Oil price sub $80. Brent as well as WTI!

[lippy4] 07/12/2022 10:15

leon

read skinnys above post..

[leonvv5] 07/12/2022 09:56

Can someone explain why shell is dropping,Deutsche bank increased buying goalOpecs maintains lower productionChina demand for oil might increaseEurope pur price cap on russian oil russua stops selling Is it due to dividend payments?

[supermarky] 06/12/2022 20:06

Santa claus will be coming soon.

[jrphoenixw2] 06/12/2022 20:06

From Skinnys links, the RU price cap hasn't changed supply much, as had been feared. Hence the fear-premium has just unwound.

[the white house] 06/12/2022 17:17

Temp downGas down Brent downShares down What am I missing?

[the white house] 05/12/2022 15:33

10m share sale @ 2pm. Typical

[waldron] 05/12/2022 13:23

SHELL PLC THIRD QUARTER 2022 EURO AND GBP EQUIVALENT DIVID PAYMENTS

December 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.

[whatisaname] 05/12/2022 13:17

IGAS IS THE LONG PLAY FOR ME

[spud] 05/12/2022 08:50

Shell Plc Third Quarter 2022 Euro and Gbp Equivalent Dividend PaymentsSource: GlobeNewswire Inc.SHELL PLC THIRD QUARTER 2022 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS December 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, €0.2398 or 20.61p per ordinary share, respectively.spud

[waldron] 04/12/2022 12:14

Shell allowed to appeal $1.8 billion Nigerian Court Order

Shell cannot sell onshore and shallow water oil blocks it is trying to offload

Published: December 04, 2022 11:29
Last updated: December 04, 2022 11:34 Bloomberg

The highest court in Africa's largest economy allowed an application made by Shell's local unit and its joint venture partner.

Nigeria’s Supreme Court said a Shell Plc subsidiary can appeal rulings in a dispute over a judgment directing the company to pay compensation over alleged pollution as the standoff holds up the oil giant’s efforts to sell assets in the West African country.

On Friday, the highest court in Africa’s largest economy allowed an application made by Shell’s local unit and its joint venture partner, the state-owned Nigerian National Petroleum Co. They are challenging a November 2020 ruling by a federal court ordering the Shell subsidiary to pay 800 billion naira ($1.8 billion) to residents of the crude-rich Niger Delta over an alleged oil spill.

“We believe in the merits of our case and are encouraged that the Nigerian Supreme Court is hearing this matter,” a spokeswoman for the Shell subsidiary said by email. “We look forward to the hearing of our main appeal.”

An appeal court ruled in March that Shell cannot sell onshore and shallow water oil blocks it is trying to offload until its appeal against the compensation order is determined. The London-based oil major announced it was pausing the divestment process in June pending the outcome of the Supreme Court case.

Shell is first challenging the appeal court’s injunction restraining the sale of its permits and its order for the subsidiary to pay the judgment amount into a court-controlled bank account while the underlying dispute is resolved. The plaintiff’s lawyer unsuccessfully claimed the Supreme Court lacked jurisdiction to hear Shell’s application.

The two sides have 30 days to exchange briefs of argument for the two appeals.

While a federal judge accepted that an abandoned flow line operated by the Shell unit leaked a “large volume of crude oil” in September 2019, the company and NNPC deny the spills occurred.

[adg] 04/12/2022 08:38

So true - imagine if the money that has gone into the wind / green debacle had been invested into developing technology for additional power station WHR and possible district heating schemes, exhaust gas carbon capture and infrastructure to re inject CO2 and other pollutants/particulates from power stations into redundant or depleted or end of life oil/gas condensate fields - we would have had a closed loop power generation solution years ago instead of the corrupt wasteful green agenda that has as the previous post pointed out simply transferred vast amounts of money from the poor to the rich with very little real environmental benefit if any at all!
Makes my blood boil and governments/company boardrooms need to grow big huge hairy balls for once and put this green debacle on the right track by implementing real beneficial effective measures and shut down the green agenda and totally ignore the woke blinkered programmed mindless moronic masses
But we all know that’s not gonna happen unfortunately

[xxxxxy] 04/12/2022 02:06

Claims that onshore wind is cheap come thick and fast from politicians in thrall to the most well oiled of crony-capitalist industries, the wind merchants. The claims are not supported by the accounts of onshore wind farms, which indicate a breakeven cost of around £80/MWh for the very cheapest farms. And this, note, is for the efficient wind farms with 200-metre turbines (twice the typical height), located in the windiest sites and spaced at least 1,200 metres apart so they don't they steal each other's wind. The cost estimate doesn't even count the need to carefully manage backup power generation for those times and places where the wind is not blowing hard enough, or blowing too hard. Nor does it count the cost of building and running transmission lines from remote wind farms to places where people actually live.Wind farm accounts also show that this cost is rising, not falling, presumably due to such grid constraints, the fact that the best sites have gone, and the rising costs of steel, concrete, copper and neodymium making new machines pricier. Yet even £80/MWh is nearly double the cost of gas-fired power at the long-term average price of gas....... The best thing about wind farms, as far as city spivs are concerned, is that they transfer money from poor to rich. The costs are borne by electricity bill payers – and power absorbs twice as much of the monthly budget of a poor person than a rich person. The rewards are trousered by the wealthy: landowners, private equity investors, lobbyists, Chinese mine owners.More... https://www.spectator.co.uk/article/the-tories-wind-power-delusion/