Shell Share Discussion Threads

[growthpotential] 03/5/2024 23:40

Regular invest into this or wait for a decent dip(?)

[chiefbrody] 03/5/2024 18:56

Wonder if this new buyback can propel the share price to 30 and beyond.

[skinny] 03/5/2024 10:06

FWIW :-

Bank of America raises Shell price target to 3,400 (3,300) pence - 'buy'

UBS raises Shell price target to 2,900 (2,700) pence - 'neutral'

[drectly] 02/5/2024 17:40

It would be interesting to know what swan thinks is fair value and if Shell get close to this, would the emphasis for shareholder returns then move from buy backs to increased div? For the moment, all seems to be going quite well, so perhaps just cost control and sensible investment all he needs to do for a bit, no radical changes needed.

[spud] 02/5/2024 07:34

London, May 2, 2024 The Board of Shell plc (the "Company") today announced an interim dividend in respect of the first quarter of 2024 of US$ 0.344 per ordinary share.spud

[jrphoenixw2] 02/5/2024 07:01

Shell surpassed market expectations with a $7.7bn (£6.1bn) profit in the first three months of the year and announced fresh returns to shareholders.

The oil giant had been expected to record first quarter profits of about $6.3bn (£5bn) but surprised markets with a result that was more than £1bn better than expected.

However, its adjusted net income - its preferred measure of earnings - was still down from $9.7bn (£7.7bn) the previous year, when it was still reaping the benefits of the energy price shock caused by Vladimir Putin’s decision to invade Ukraine.

The FTSE 100 oil giant announced it would repurchase another $3.5bn of shares in the second quarter after the strong performance, matching the buybacks of the previous two quarters.

Last year, it returned a total of $23bn to shareholders.

Chief executive Wael Sawan said: “Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with less emissions.”

[xxxxxy] 01/5/2024 20:56

Shell is to close its power generation business in China amid a wider Western exodus from the country.The company – which employed almost 2,000 people across the nation – is to close divisions that generate green power and trade in low-carbon electricity, although it will retain an electric vehicle charging operation... Daily Telegraph

[philanderer] 30/4/2024 20:16

Q1 update on Thursday

[xxxxxy] 29/4/2024 19:03

https://oilprice.com/Energy/Crude-Oil/The-Future-of-Plastics-Will-Determine-the-Future-of-Oil-Demand.html

[xxxxxy] 28/4/2024 16:48

TimactionApril 28, 2024Indeed. But the whole thrust of the article assumes there's a problem with the gas of life, a trace gas, called CO2. No, no no. Prove that CO2 impacts climate by warming the Earth like a temperature thermostat! They can't and won't. Listened to a Tory MP on GB News today, talking about the UK's 1% contribution, virtue signalling our not needed reductions, the fool believing the bogy gas is instrumental in climate change and worth turning our lives upside down, whilst China, India etc carry on regardless. Enough. Time for the Uni Party to put up the evidence against those other trust worthy real scientists like in the recent film by Martin Durkin, Climate: The Movie. There a list of two dozen qualified scientists calling it a scam. So show us the evidence JR and stop colluding with fools. All people once thought the world was flat and there were witches and dragons! Let us pray for Reform!...John Redwood blog

[xxxxxy] 28/4/2024 16:44

John Redwood's DiaryHouse Magazine article on Green revolutionAPRIL 28, 2024 110 COMMENTSThe world is being changed by two simultaneous revolutions. The green revolution is a hugely ambitious global government inspired project driven by international treaty, laws, targets, bans and subsidies. The digital revolution is a bottom up consumer revolution, driven by huge demand for smart phones, computer pads, online retail, downloaded entertainment, social media, business computing power and robotic assistance. The digital revolution shows what is possible when you have the consumer on your side. The Green revolution is stumbling to find the products and services that people will willingly buy as it seeks to harness sufficient private capital and spending power to add to the large sums of public and  business money green transition currently relies on. Mc Kinsey  in their study reckoned the world would need to spend $275 trillion in the years to 2050 to get to net zero. That is almost three times current annual world income and output. The sum is so large because a full green transition requires the end of most fossil fuel energy, the radical change of electricity generation, and  the massive extension of electricity grids and cable systems. It means  the switch over of most vehicles, planes, and ships to low or no carbon alternatives, the change of people's diet from meat to vegetable based food, big change in the way people heat their homes and cook, and the transformation of factories that currently rely on gas, coal and oil for their power. There is  no way governments can afford all or most of this. It needs most homeowners to find the money to rip out the gas boiler or replace the solid fuel fire, to change their car or  van and to find diets, holidays and entertainments that are light on the CO2. So far world business has not found the Beetle or Mini of the battery car revolution to fill the parking lots of the average family. They have not produced the smartphone or ipad of the home heating world that flies off the shelves and replaces fossil fuel heaters. Governments are proceeding by trying to force or persuade people to buy products they do not want to buy, or by banning or taxing products they like until they give them up. This causes friction with many voters, and can lead to parties in government losing elections by being too bossy about green issues. The Dutch government fell in a general election when many electors thought it had gone too far in trying to rid Dutch farms of livestock for a meat diet. The French have rioted over higher fossil fuel taxes.  Candidate Trump in the US is polling well on a platform of rejecting the net zero imperatives and turning to extracting larger quantities of cheap domestic oil and gas to stimulate industry and help home consumers. President Biden has carried on offering more drilling licences against the wishes of Green Democrats for fear of losing votes. Governments treading the road to net zero are urging or nudging people to buy electric cars. Recent figures show falling sales in Europe. Tesla, the pioneer of expensive electric vehicles for the richer consumer has been forced into layoffs and scaled back production. It is cutting prices to try to widen its appeal. Many people find battery electric cars are too expensive to buy. Many are worried about the lack of range on some  battery cars.  Many are also concerned about the lack of charging points and the time it takes to recharge when you reach one. Some are concerned  about battery life, repair costs and insurance given the impact the large battery has on the structure of the  car and how central it is to the lifetime costs of the vehicle. Some think government and business should do more to develop low and no carbon fuel for existing internal combustion engines. After all, it is generally agreed that there cannot yet be battery powered long haul jetliners so the accent there is on the production of synthetic no carbon fuel for conventional jet engines. People can produce small quantities of synthetic petrol for existing car engines, so why not scale it up and try to find the economies of scale to make it more affordable? Many people are nervous about electric cars as they expect when there are more of them governments will need to tax the electricity they use to make up for the loss of petrol and diesel duties. Governments want people to adopt heat pumps or electric heating systems. All electric heating is usually  dear to run. Heat pumps are expensive to install. Anyone in an older property may need to undertake extensive and expensive insulation and cladding of the buildings  first. They may also need to change the size of the pipes and radiators to get it warm enough with heat pump energy. Some people who have adopted heat pumps complain of high electricity bills to run them. Some find it difficult to get the water and the rooms hot enough. As a result only a very small proportion of people have so far bought them. The gas boiler remains more reliable, a lot cheaper to install and may also be cheaper to run. Democratic governments will not stay elected if they force people to buy products that are too dear or do not fit people's expectations of how they should perform. Governments should learn from the digital revolution which took off using private capital and thrives on the freely chosen wishes of billions of  consumers worldwide. It did  not take bans  and subsidies to get so many people to buy gas boilers or cars, replacing coal fires and the horse and cart. There are many ways of creating a cleaner and greener future,  but all successful ones will rest on consumer goodwill. The transition is too big and too dear for governments to carry the burden themselves.....John Redwood

[xxxxxy] 28/4/2024 15:25

https://www.google.com/amp/s/www.businessinsider.com/the-ten-most-important-climate-change-skeptics-2009-7%3famp

[the white house] 26/4/2024 18:50

Decent Q. buybacks done today leaving just the 3 days until Thursday to negotiate with no support, strength in Brent would be useful early next week with Mon looking north currently3.5bn buck buybacks based on Q average of 83ish for last two Qs so similar plan should be put in place next week for June to end Aug. With 1/3 of this Q almost done at 89ish average programme from Sept 1 may be even stronger With the inc div and share price rising from 24 1/2 to 29 in the Q the flywheel is really cutting in and momentum enough to see the desired rerating happening at a fair old clip

[xxxxxy] 26/4/2024 16:26

Mr Trump will wish to renew his big tax cuts where some are due to retire, and will also wish to onshore more investment. He will renounce the Paris Climate Agreements and will promote more cheap oil and gas from domestic sources. He will cut green subsidies and regulations. This will make a big difference to the world policy of decarbonisation. With China and India continuing to boost fossil fuel output and use, joined by the USA, Europe will be lonely with its anti oil and gas policies.The UK and Europe need to ask themselves what are they going to do about the drive to use more fossil fuel in India , China and many emerging market economies? It makes no sense to close our industrial plants only to import from high CO 2 producing countries. It seems very unlikely  the world can hit its targets for 2030 for CO 2, as fossil fuel use continues to increase. Even under Biden the US has added to her output of cheap oil and gas.  If the USA joins in with more fossil fuel it makes it even less likely targets will be hit. When are the international target setters going to confront the truth about India, China and other large emitters? Are they happy with President Biden adding to US oil and gas output? What would they do if Mr Trump becomes President and renounces the plans. ? ....John Redwood

[adg] 25/4/2024 17:43

About the most sensible words that any political party has said in decades

[xxxxxy] 25/4/2024 11:19

Reality hits Marxist economics .I know which will succeed .

[xxxxxy] 25/4/2024 11:18

The net zero crackdown on combustion engines could force the maker of Vauxhall to pull out of Britain, its boss has warned.Carlos Tavares, chief executive of Stellantis, said that a law to limit petrol car sales was a "disaster for the UK" that would force manufacturers to sell vehicles at a loss.If ministers did not make urgent changes to the rules, he suggested Stellantis could be required to slash the number of cars it sells in Britain – or even stop selling them here altogether...Daily Telegraph

[garycook] 23/4/2024 06:35

Shell,Total in talks about acquiring stakes in ADNOC,s New LNG project. Source Bloomberg.

[xxxxxy] 22/4/2024 06:36

Switching to green power could add £29 billion a year to household bills, analysis suggests.And the net zero investment could see the poorest households £700 worse-off, according to the Resolution Foundation analysis....Daily Telegraph

[the white house] 19/4/2024 19:13

You told us grandly not long back you had sold out completely at 24 as the divvi was poor. Clever guy

[spud] 19/4/2024 18:39

Aka the clot in clogs. spud

[adg] 19/4/2024 18:31

Yes - van Beurden really was a silly blinkered nut-zero tree huger pretend oilman wasn’t he - what a complete tool