Shell Share Discussion Threads

[xxxxxy] 16/5/2024 16:21

The US oil giant Chevron has announced it will quit the North Sea after 55 years, the day after Jeremy Hunt turned down industry pleas for support at a private meeting.Chevron said that it had decided to leave the region following a review of global operations to determine "whether assets are strategic and competitive for future capital". The company insisted this was not connected to Britain's tax regime.... Daily Telegraph

[philanderer] 16/5/2024 11:07

Brent = 80.38 USD

[the white house] 15/5/2024 14:38

Not many buying pre divvi day tomorrow...Debatable corporate action in the buyback front with this lot buying the same amount daily (circa 1.8m) as opposed to all the others who stand back on a rise and save a days/few days worth for the rainy days like today to avoid larger downsides

[chutes01] 15/5/2024 13:31

Retiree and deferred pensioner pay outs being continually eroded, discussed in HoP today

[veryniceperson] 15/5/2024 13:23

Reality has finally bitten, but they have to keep a finger in the pie of renewable energy. Be silly not to.

[philanderer] 15/5/2024 12:27

Berenberg raises Shell price target to 3,400 (2,950) pence - 'buy'

[jrphoenixw2] 14/5/2024 08:25

I received this notification from my broker this morning:
--------
Mandatory Corporate Action
Description SHELL PLC ISIN GB00BP6MXD84
EffectiveDate 2024-05-16 Deadline 20240516 00:00 GMT-4:00 20240516 05:00(LOCAL)

SHEL@LSE (Name: SHELL PLC) announced a spin-off, effective 20240516.
The terms of the spin-off are 1 : 1.


Please note that this Corporate Action Event is mandatory. No further action is required from you.
--------

Does anyone know what is being spun off? I don't recall hearing anything about such a plan. ...maybe it's of no consequence to retail investors?

[chiefbrody] 10/5/2024 15:55

Not a bad day. Blue sky ahead.

[chiefbrody] 09/5/2024 14:43

33 squid by November. I'm fine with that too!

[adg] 09/5/2024 12:18

That would be most welcome - I could live with that👍

[the white house] 09/5/2024 10:16

Nice new batch of buybacks to exploit and price hitting strong levels has seen 8m & 20m of sales cramping our style around the 29 mark. Once these age out it will be interesting to see if going forward if the quieter months of summer lead us into a repeat of the 3 years on the bounce run up of 4 pounds between July & Nov (Brent was 50, 100 & 85 ish for the lose periods)

[xxxxxy] 09/5/2024 06:07

Delay petrol ban beyond 2035, says Sir Jim RatcliffeBillionaire calls for relaxing of net zero laws as demand for electric cars 'dries up'Matt Oliver, INDUSTRY EDITOR... Daily Telegraph

[xxxxxy] 08/5/2024 21:20

Marxist Economy = FAIL.We will be Cuba in the rain.

[geckotheglorious] 08/5/2024 20:03

"Shell to Sell Singapore Oil Assets to Glencore-Indonesia JV"
Shell Plc has agreed to sell its Singapore refining and chemicals assets to a joint venture between commodity trader Glencore Plc and Indonesian company PT Chandra Asri Pacific.

As part of the transaction, Shell will transfer all of its interest in Shell Energy and Chemicals Park Singapore, which comprises refining and chemicals assets on Bukom and Jurong islands, to the JV, it said in a statement on Wednesday, which confirmed a Bloomberg News report from last week.

Financial details of the deal were not disclosed, although people familiar with the matter have said it could be worth about $1 billion.

Shell’s Singapore assets include a refinery capable of processing 237,000 barrels of oil a day, a facility on Jurong Island that produces monoethylene glycol and an ethylene plant on Pulau Bukom.




Small beer...

[the white house] 07/5/2024 14:54

Good news, RNS re bidding war for South African retail business. Another small chunk of debt to be paid down. Net debt here fell by 3bn in last Q while it rose by 3bn at BP (half the size) today

[xxxxxy] 07/5/2024 11:14

Got to be looking at 33

[xxxxxy] 07/5/2024 11:13

Electric car sales to private consumers have plunged by a fifth amid growing concerns that the industry will miss its legal net zero targets. A total of 22,717 electric cars were registered in April, an increase of 10.7pc compared to a year earlier, but this was overwhelmingly driven by businesses. ... Daily Telegraph

[craftyale] 07/5/2024 10:31

Back over 29 again. Perhaps for good, progress to 30 please.

[xxxxxy] 05/5/2024 17:46

The best part of mythical Net Zero is the power.... And it's nuclear... Is Shell missing a trick about nuclear.Anyone know?

[jrphoenixw2] 05/5/2024 12:03

[Sharecast Broker Tips - Friday 4.33pm]

'RBC Capital Markets has raised its forecasts for Shell and kept an 'outperform' rating, saying the business was "firing on most cylinders" in the quarter.

"Over recent years, Shell has had a number of stellar quarters; however, in between these there have been a number of operational issues that have hampered performance," RBC said in a research note on Friday. "1Q results were evidence on what the business could look like if it was firing on most cylinders, and the result is higher CFFO [cash flow from operations] and FCF [free cash flow] than its US counterparts."

Shell reported adjusted earnings of $7.7bn, up from $7.3bn in the fourth quarter and some 20% ahead of consensus estimates, along with stronger-than-expected cash generation. However, RBC said investors should focus on operational data points which were "encouraging".

"In particular, LNG liquefaction volumes came in at the top end of guidance, while downstream availability was also strong. A key focus of the new management team has been to sweat the asset base harder, and it does appear there is evidence of operational momentum. How long will it last? Time will tell," said RBC, which has a 3,000.0p target price on the stock.

[xxxxxy] 05/5/2024 08:44

There isn't enough money actually.... My thoughts... Not fully understood... Maybe no-one does honestly.

[xxxxxy] 05/5/2024 08:39

https://www.cnbc.com/2024/05/01/basel-iii-bank-rules-could-pose-unexpected-threat-to-bidens-green-energy-plans.htmlCnbc