Shell Share Discussion Threads

[geckotheglorious] 09/7/2024 13:34

Adg,

Yeah but they're undervalued because of their Econ green leanings, not where they are listed!!!

Exxon and Chevron are simply better operations, better run, larger reach, yadda yadda.

That's why they're valued higher.

Not as much of that green bollux either despite the efforts of some.

[xxxxxy] 09/7/2024 10:59

Oil demand has also held up much better than most people expected. There's been a huge amount of focus on sales of electric vehicles, but this has somewhat distracted attention from the fact that there are now more vehicles powered by internal combustion engines on the roads than ever before. ..Daily Telegraph

[xxxxxy] 09/7/2024 10:41

John C Mercer16 MIN AGOWith renewables being so cheap, easy and reliable, you'd have thought that they'd have economically undercut fossil fuels and replaced them decades ago.Strange, that....Daily Telegraph

[xxxxxy] 09/7/2024 10:37

Why the oil giants are beating a hasty green retreatBig Oil has, on both sides of the Atlantic, decided to focus on new oil and gas projects, cutting costs, and dividendsBEN WRIGHT...Daily Telegraph

[hopefulalways] 09/7/2024 09:50

Why do you think that a listing change will put 20%

[adg] 09/7/2024 09:25

If it was put to shareholders vote….
If you had the vote and the consequence of a move would be an instant uplift by say 20 to 25% in share price what would you vote?
Also a side effect that would be quite satisfying for me would be to give the UK city & government a big FU wake up call

[mortlolc] 09/7/2024 08:58

I hope you are correct in your view as it would seriously affect people's views of London and more companies would look to leave its market.Never, is an awfully long time, they moved their headquarters 2 years ago for various reasons & yes, moving a headquarters isn't the same as a decision to move the listing to NYSE - that would be seismic for London but i honestly don't think it's a move that the new CEO will keep off the table if he believes Shell are still 30-40% undervalued compared with their NYSE peers.If he put it to a shareholder vote it would be very interesting how the UK institutions voted- given the implications it would have here.FWIW- I've been a holder for nearly 15 years- did add when the price slumped in in 2020 & yes it's performed very well the past year & I agreed with the dividend cut to preserve cash at the time - now they should increase the dividend again - politically tough, but it's time.

[xxxxxy] 09/7/2024 07:30

If not wanted, best move on and leave Cuba in the rain..

[adg] 09/7/2024 06:41

It’s not the share performance it’s the valuation against its peers that is the issue.
LSE is unloved and Labour aren’t going to make it any better for investors to choose UK listed companies. (Not suggesting Tories were any use either)
My money is on Shell leaving once Kneeler squeezes UK oilers more - what reason do Shell have to stay in a hostile environment that subdues its share price ? Where the government hates its very being and existence and taxes it disproportionately and is actively and openly destroying and effectively shutting down its core business in its own country of domicile….
I know what I would do
Sawan has huge balls and his tenure thus far has been positive in many ways (Brainwashed Ben had gone woke and was no good for Shell a so glad to see him go)

[the white house] 08/7/2024 14:21

Shell IS London & will never change. No person is big enough to drive this as they are only temporary and know thisIf you do not think a fiver up on the year & doubled in 3 years is sufficient maybe you should have bought in earlier & added along the way. Like me (& I am happy in London)

[adg] 07/7/2024 10:18

I’d be made up if either BP or Shell move to USA - if both do it’d be happy happy days !
Can but wish

[devonbeachbum] 05/7/2024 09:08

In reality both Shell & BP are putting far more money into UK energy infrastructure than Labour ever will. And these guys are the experts, unlike politicians who think they are. Be an interesting watch this one.

[mortlolc] 05/7/2024 09:01

If Labour do apply an increased levy, then yes it will raise money - but not perhaps as much as they think in the long term.They have to tread a really fine line because as kkclimber56 mentions there is a real possibility Shell could dump their London listing for New York, the CEO has mentioned it several times over the past few months , and if Shell goes BP would most likely follow.

[kkclimber56] 05/7/2024 08:45

As an ex employee i expect Shell to announce its relisting 8n new york before the end of the yesr

[devonbeachbum] 05/7/2024 08:21

Thanks for reply Mort. If you're saying that UK profit is only a small part that can be grabbed, Starmer is going to look a bit silly when this pledge is basically unenforcable and the usual billions of profit are declared. More UK taxation will only mean higher UK prices to start with I would have thought.

[mortlolc] 05/7/2024 08:07

I would have thought the Labour government is already priced into the current share price - the polls haven't moved for month's now, so already factored in.As for the share price - Shell makes most of its profits outside the UK so the increased levy from its UK O&G operations won't hurt really

[jrphoenixw2] 05/7/2024 06:56

From market news this am -
'7:39AM Shell to take $1bn hit after halting work on biofuels plant

In corporate news, Shell expects to take a hit of up to $2bn (£1.6bn) after it paused construction work on one of Europe’s largest planned biofuel plants and sold a refinery in Singapore.

The oil and gas giant said it expects the decision to stop building work on the biofuels plant in Rotterdam, which it announced earlier this week, to cost up to $1bn.

Meanwhile, it said the move to sell its Bukom refinery in Singapore will cost between 600 million and 800 million US dollars.

In a trading update today, the London-listed energy giant said integrated gas production to be within market expectations of 940,000 to 980,000 barrels of oil equivalent per day (boe/d).

Meanwhile, upstream production is expected to be about 1.72m to 1.82m barrels of oil equivalent per day, also within its previously announced outlook.

[devonbeachbum] 05/7/2024 06:49

Now Labour govt is confirmed and windfall taxes of gas and energy companies part of their pledge, is the profits and share price now in question here? Starmer must be specifically looking at the likes of Shell and BP when he says that. I'm not sure he will stop there either and broaden his cash grab to other well performing sectors.

[philanderer] 04/7/2024 15:07

Good to see 2900p again :-)

[xxxxxy] 04/7/2024 12:39

Guess it requires a Marxist Economy...leads to Cuba in the rain

[xxxxxy] 04/7/2024 12:38

Household purchases of electric cars have gone further into reverse in the latest sign of trouble facing the market. The Society of Motor Manufacturers and Traders (SMMT) on Thursday called for incentives to "re-energise" sales, as figures showed just one in five new electric vehicles (EVs) were bought by consumers in the first half of this year. That compared to one quarter over the same period in 2023, underlining how the bulk of purchases continue to be made by so-called fleet buyers, such as rental companies. ...Daily Telegraph

[the white house] 04/7/2024 09:33

& with the rate debt is being shifted, with a bit of luck, in 9 more quarters it will be cleared then they will have have to Double the Divvi?Had a quick overview of buybacks this Q & the 'overspend' when the sellers came in big time @ 29 was balanced by a few loose change days of just 10k days last week to end May/June on an even keel & leave July with a full 1/3 to spend. With 1.8m daily in (my) theory to buy daily, the 3 days thus far have all gone 1m under. So, a warchest to help punch thru 29 or to help pay off a huge sale? we will see Update note tomorrow