Shell Share Discussion Threads

[lippy4] 11/1/2023 22:05

if it ever reached 30 i would eat my hat,no chance,every time it gets near there 25 it then sells off..

[f56] 11/1/2023 20:39

Looks like Shell price buoyant again!

[xxxxxy] 11/1/2023 15:32

Banking on 30 myself. Sell half. Keep half.But energy prices seem to be dropping.So happy just to pick up dividend anyway.

[xxxxxy] 11/1/2023 15:29

The Sky News/Tortoise* compilation of MPs' donations makes it easier to track declarations. For instance it is easy to see that a major Just Stop Oil donor has been bankrolling Keir Starmer to the tune of tens of thousands of pounds. Dale Vince gave Starmer's leadership campaign £20,000 in 2020, and since the last election has donated a further £360,000 to the party. Including a five-figure bung to Angela Rayner...Despite sounding rather convincing while condemning Just Stop Oil's tactics, Sir Keir has been only too happy to accept the cash of a man who admits to giving the protest group "tens of thousands", as well as "an additional lifeline in November when their funding ran out.""I understand why they do what they do. It's what they have in their power to do."Whereas big business has different powers to pursue its agenda, and we have no real answer to that except sometimes to take to the streets."He also admits his money to the Labour Party is intended to advance his political agenda."[I donate] to help them win, to help them into government so they have the chance to deliver their agenda, which is my agenda, social justice and a green economy".Unfortunately for Labour they're getting a lot of backwash via these 'Westminster Accounts'. As well as the above, Sir Keir and Jon Ashworth have been forced into hypocritically defending David Lammy's massive outside earnings despite a promise to ban second jobs. Enjoy the squirming:... Order order

[adg] 11/1/2023 15:23

So what do we all think 2023 will hold for Shell?

I was very lucky last year and got it about right each quarter.

Fwiw I wouldn’t be surprised to see 2500 this next 4 weeks but whether it’ll hold it I don’t know.

This year…… I think 2700 to 3000 is likely in H2 and 3000+ a distinct possibility depending on how the oil / gas prices pan out - if it’s anywhere near the supposes $100 outlook I reckon it’s possible.

Any thoughts on any M&A in the big oil sector for 2023?

[the white house] 11/1/2023 12:42

Decent start for the Whale in his first week.

[the grumpy old men] 11/1/2023 10:39

Jamie Ashcroft

02:32 Wed 11 Jan 2023


)
Shell and Deltic Energy start well testing as Pensacola discovers gas

Shell PLC - Shell Plc and Deltic Energy start well testing as Pensacola discovers gas

Shell PLC (LSE:SHEL, NYSE:SHEL) has begun its testing of the Pensacola well which has encountered gas in its targeted reservoir, exploration partner Deltic Energy PLC (AIM:DELT) reported.

Deltic, in a statement, noted that Shell had recommended to joint venture partners that a full testing programme should be undertaken to evaluate the commerciality of the Pensacola prospect in the North Sea, and the partners agreed.

"We are very pleased to have encountered hydrocarbons in the Pensacola exploration well at this intermediate stage of well operations,” said Graham Swindells, Deltic's chief executive.

“We now look forward to working with the operator on the well testing programme, and will update the market once that programme is completed."

The testing is expected to take approximately 30 days to complete, Deltic noted.

Proactive

[f56] 10/1/2023 21:24

Putins ally Patrushev now claims that Russia is at war with the west.

[the white house] 10/1/2023 09:37

7.7m sale now cleared through. I wondered where yesterdays buyback notice was. Another 10m a few days ago, again demonstrating the stability to price these give

[waldron] 08/1/2023 17:34

rigzone


Shell Says Gas-Trading Earnings Were Higher Despite LNG Woes
by Bloomberg
|
William Mathis
|
Sunday, January 08, 2023

Shell Says Gas-Trading Earnings Were Higher Despite LNG Woes



Shell Plc said its gas-trading earnings were “significantly higher” in the final three months of 2022 as the unit previously run by the company’s new boss overcame some of the challenges encountered earlier in the year.

The update published on Friday suggests the company may avoid a repeat of what happened in the third quarter, when Shell’s peers were much more successful in profiting from record gas prices in Europe.

Still, the overall impact on the energy giant’s bottom line remains uncertain amid a trend of falling energy prices. Earlier this week, Exxon Mobil Corp. said its fourth-quarter earnings took a hit of about $3.7 billion from weaker oil and natural gas.

“There’s probably a bit of relief from investors around integrated gas trading,” said Biraj Borkhataria, an analyst at RBC Capital Markets. “Last quarter was poor, and they were adamant it wasn’t structural. So it’s good to see good numbers coming through on that front.”

Shell shares gained as much as 1.7% in London.

The swings in performance highlight the opportunities and challenges ahead for Chief Executive Officer Wael Sawan, who took over the top role just a few days ago. Shell and its peers enjoyed a huge influx of cash last year, and whether this continues will be a key determinant the companies’ ability to keep increasing returns to shareholders while also investing in cleaner energy.

Yet this could be another volatile year for energy markets as the world contends with the impact of Russia’s ongoing war in Ukraine, a slowing global economy and China’s effort to lift Covid-19 restrictions. Crude oil has tumbled more than 40% from its 2022 peak, while mild weather has sent European natural gas prices plunging to levels last seen before the invasion.

There’s also the continued risk of further government intervention into energy markets. Shell said it faces a total bill of $2.4 billion from windfall tax measures in the UK and the European Union in 2022.

Shell’s output of liquefied natural gas in the fourth quarter was between 6.6 million and 7 million tons, down from 7.2 million in the prior period due to problems at the Prelude and QGC projects in Australia.

The company’s indicative refining margins rose about 27% compared to the previous quarter to $19 a barrel. Chemicals margins also recovered to $37 a ton after turning negative in the third quarter.

[waldron] 08/1/2023 07:38

inews.co.uk


Shell poised to pay UK taxes for the first time in five years


The company has posted record profits while consumers continue to feel the strain


By David Connett
January 7, 2023 8:47 am

Shell will pay tax in the UK for the first time since 2017 as it is poised to make record profits.

The energy firm said it expects to pay around $2bn (£1.7bn) on profits in the UK and the European Union.

This would be on top of $360m due on its financial performance in the three months to October 2022. A detailed breakdown of the taxes paid will be published next month, the company said.

Shell has received tax relief on investments it has been making in British areas of the North Sea and on oil-platform decommissioning, which have been higher than the taxes it owed, resulting in nothing being paid.

Last year the UK Government, together with some governments in Europe, imposed windfall taxes on energy companies in an effort to use some of the huge profits firms have made through high oil and gas prices to help consumers.

Chancellor Jeremy Hunt said in his November Autumn Statement that the energy industry will be subject to an expanded windfall tax of 35 per cent. The levy, which ends in March 2028, is expected to raise in excess of $33bn over the next six years



Shell’s former chief executive Ben van Buerden publicly suggested the Government should levy taxes against oil and gas companies to protect the poorest.

Referring to energy companies, he said: “That probably may then mean that governments need to tax people in this room to pay for it. I think we just have to accept as a society – it can be done smartly and not so smartly. There is a discussion to be had about it but I think it’s inevitable.”

Van Beurden was replaced at the start of the year by Wael Sawan, previously the company’s head of gas and renewables.

The European Commission said it originally expected to raise €25bn from the additional oil levy introduced in September, but is now facing a legal challenge from US oil major ExxonMobil.

Analysts said Shell remained on track for record annual profit in 2022, having posted earnings of $30bn in the first three quarters, just shy of the 2008 record profit of $31bn.

Shell said it will increase its ­dividend to shareholders by 15 per cent. It said profits on its natural gas business were “significantly higher” despite major production problems at two plants in Australia.

It also reported higher refining profit margins in its chemicals and fuels business in the last three months of 2022, but said that trading profits from refined products were lower than in the previous quarter.

Shell’s profits come as motoring groups accused retailers, including the largest supermarkets, of not cutting prices quickly enough, or by an appropriate amount, when wholesale costs fall. UK fuel costs are under investigation by the competition watchdog, the Competition and Markets Authority, following record prices last summer.

[lippy4] 06/1/2023 18:52

how much energy does it take to chop up these trees in to pellets and then transport them over the atlantic to the uk..

the whole business is so fake about renewables as it costs more in energy to make renewables than they supply most of the time it seems..

[xxxxxy] 06/1/2023 18:34

Mark Lilley [pellets] I take it all these posters blabbering on about "Renewables" are delighted that Drax Power Station gets through 25 million, that's 25,000,000 trees a year, that have to reduced to pellets and shipped across the Atlantic.Let's go Green and slaughter plenty of wildlife!...... Daily Telegraph

[xxxxxy] 06/1/2023 18:32

Written Answers from the Department for Business, Energy and Industrial Strategy Regarding WindJANUARY 6, 2023 79 COMMENTSThese answers reveal a worry about discussing the magnitude of special payments to renewable generators, and confirms that there are too many days when wind produces little electricity, leaving us dependent on gas, coal and biomass.The Department for Business, Energy and Industrial Strategy has provided the following answer to your written parliamentary question (112033):Question:To ask the Secretary of State for Business, Energy and Industrial Strategy, how much was spent on National Grid constraint payments to wind generators in 2022. (112033)Tabled on: 16 December 2022Answer:Graham Stuart:The National Grid Electricity System Operator publishes data on the costs and volumes of electricity system balancing services monthly. This includes a breakdown of constraint costs by fuel type, including wind farms. The total amount paid to wind generators for 2022 has not yet been finalised. Further detail on wind farm payments paid in October can be found in The National Grid Electricity System Operator's monthly Balancing Services Summary.The following documents were submitted as part of the answer and are appended to this email:File name: Monthly Balancing Services-october-2022.pdfDescription: Monthly Balancing Services Summary 2022/23 OctoberThe answer was submitted on 28 Dec 2022 at 10:24.  The Department for Business, Energy and Industrial Strategy has provided the following answer to your written parliamentary question (112032):Question:To ask the Secretary of State for Business, Energy and Industrial Strategy, how much has been paid to wind generators in subsidies in 2022. (112032)Tabled on: 16 December 2022Answer:Graham Stuart:The Government supports wind generators through a number of schemes. Finalised data for total payments made in 2022 are not yet available.The answer was submitted on 28 Dec 2022 at 10:26.  The Department for Business, Energy and Industrial Strategy has provided the following answer to your written parliamentary question (112031):Question:To ask the Secretary of State for Business, Energy and Industrial Strategy, on how many days did wind power provide less than 10 per cent of UK electricity output in 2022. (112031)Tabled on: 16 December 2022Answer:Graham Stuart:The Department for Business, Energy and Industrial Strategy does not hold daily electricity generation data. However, for the Public Distribution System in Great Britain only, Elexon's figures show that up to 20th December, there were 64 days in 2022 where generation from wind provided less than 10 per cent of total generation. This excludes net imports from interconnectors.Source: Elexon half-hourly balancing mechanism reports, available at: https://www2.bmreports.com/bmrs/?q=generation/fueltypeThe answer was submitted on 28 Dec 2022 at 10:28. ... John Redwood

[waldron] 06/1/2023 15:19

Consensus

The consensus collection for quarterly Adjusted Earnings, Adjusted EBITDA is per the new reporting segments and CFFO at a Shell group level, managed by Vara Research, is expected to be published on 26 January 2023.

[the white house] 05/1/2023 11:47

10m share sale not ideal today/yesterday just gone through. Pencil numbers for Q maybe tomorrow or soon and ex divvi in 6 weeks at new higher level to come

[xxxxxy] 04/1/2023 11:08

Written Answers from the Department for Business, Energy and Industrial Strategy Regarding Oil and GasJANUARY 4, 2023 20 COMMENTSThe Department which is meant to be increasing UK gas output to displace imports is still  very reluctant to talk about what it and its quangos are doing to make this possible. The cited source shows just 3 new fields coming into production in 2022, Blythe, Elgood and Tolmount. There is no mention of the status of Cambo or Jackdaw. Ministers should require more open reporting and more progress to fill the gaps in our home energy supply. There are several proven fields that need investment and production licences. The more we produce oil and gas at home the more tax revenue we generate, the more transport cost we save, and the less CO 2 that is produced. ministers accept this case but need to make sure the quangos reflect their policy. The Treasury needs to stop the windfall taxes which threaten future investment and will reduce revenues in the medium term. The news on nuclear has also been suppressed. We need to know if it is safe to carry on with current plants for longer pending replacement by new nuclear. Over the weekend EDF was talking of two early nuclear closures owing in part to  the windfall tax. The Department for Business, Energy and Industrial Strategy has provided the following answer to your written parliamentary question (112036):Question:To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will list the gas fields that gained production licences in 2022. (112036)Tabled on: 16 December 2022Answer:Graham Stuart:While the 33rd UK Offshore Licensing Round opened in October, awards for licences under this round will not be made until next year. Awards under the previous, 32nd licensing round were made in 2020. There have therefore not been any awards for new licences in 2022.Oil and gas fields, after being licensed, require several consents issued by regulators, such as Development and Production Consents granted by the North Sea Transition Authority (NSTA) before they can begin production. Several fields have received these consents in 2022.A full list of these consents can be found on the NSTA's website: https://www.nstauthority.co.uk/data-centre/data-downloads-and-publications/field-data/.The answer was submitted on 28 Dec 2022 at 10:12.  The Department for Business, Energy and Industrial Strategy has provided the following answer to your written parliamentary question (112035):Question:To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an estimate of the amount of coal generating capacity could be made available on stand by notices. (112035)Tabled on: 16 December 2022Answer:Graham Stuart:Upon agreement between the Electricity System Operator and coal operators, there are 3 coal plants still operating in Great Britain with contingency contracts until March 2023. This totals approximately 2.4GW of capacity which can be called upon if needed for the purposes of security of supply.The answer was submitted on 28 Dec 2022 at 10:13.  The Department for Business, Energy and Industrial Strategy has provided the following answer to your written parliamentary question (112034):Question:To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has reviewed the planned dates for the closure of nuclear powers stations; and whether he has made an assessment of the impact of postponing the closure dates on the safety of those stations. (112034)Tabled on: 16 December 2022Answer:Graham Stuart:The continued operation of, and any extensions to, operational dates for any UK nuclear power station is a decision for the operator, EDF, and the independent nuclear regulator, the Office of Nuclear Regulation (ONR), based on safety and commercial considerations. If the ONR has any safety concerns, they will not let the reactor return to service unless and until those concerns have been satisfactorily addressed and may require more regular shutdowns for ongoing review. Operational dates are kept under constant review by EDF and the ONR.The answer was submitted on 28 Dec 2022 at 10:15..... John Redwood

[lippy4] 03/1/2023 13:08

excitements over for the day.

when they put the divi up next time will it put up the share price i wonder?? .

[the white house] 03/1/2023 12:39

New boss first day, decent start

[craftyale] 03/1/2023 08:12

Nice start to the year.