Shell Share Discussion Threads

[mortlolc] 13/8/2024 14:03

I think the American election outcome will have play a big part in the decision making process for Shell if it's really thinking about a re-listing in the USA.

[skinny] 13/8/2024 07:03

We are pleased to announce that we have signed a contract for the REFHYNE II project, following Shell's recent positive Final Investment Decision (FID). ITM will supply 100MW of TRIDENT stacks and skids to the Shell Rheinland Energy and Chemicals Park in Germany. Linde Engineering has been chosen as the EPC integrator and will collaborate closely with ITM.



REFHYNE II will use renewable electricity to produce up to 44,000 kilograms of renewable hydrogen daily, partially decarbonising fuel production at Shell's Wesseling refinery. The electrolyser is scheduled to begin operating in 2027.

The REFHYNE II project builds on the lessons learned from the 10MW REFHYNE I plant, which was put into operation in 2021, and on ITM's and Linde's experience in engineering, constructing, and operating other green hydrogen projects across Europe.

REFHYNE II has been enabled by supportive government policies and frameworks, including the European Union (EU) binding targets for the use of renewable hydrogen in industry and transport, and the German Federal Government's regulatory framework. In addition, the project has received funding from the EU's Horizon 2020 research and innovation programme.

Dennis Schulz, CEO of ITM, said: "Shell is a leading global energy company, and we are proud they have selected us for this prestigious project. The performance of our latest generation electrolyser stacks in the REFHYNE I plant played an important role in Shell's proceeding to FID, as did their extensive due diligence on our technology and our capability to deliver this large-scale commercial project."

[geckotheglorious] 12/8/2024 09:04

12-18 months at least.
Having delisted from Amsterdam only recently, it's too soon to delist from London.

Shell is very Conservative so I'd expect them to wait and see how this labour administration screws things up

[kkclimber56] 10/8/2024 16:41

Anyone got a view on when shell will announce a decision to relist in NY?

[drectly] 10/8/2024 10:21

Interesting article in the torygraph today rerards AI and data centres.
My take for what it is worth. Nothing new, but at about 2% of global electricity use today for data centres and the potential 6 fold increase in the next 10 years. Relevant to Shell, most of this continuous supply of electricity will need to come from fosil fuel. The projected decline in fosil fuel requirements with this and Asia growth is far from obvious.

[adg] 09/8/2024 09:31

Couldn’t make it up
Even if you really really tried really really hard

[philanderer] 09/8/2024 09:30

In a report released yesterday, Biraj Borkhataria from RBC Capital maintained a Buy rating on Shell , with a price target of £34.00.

[xtrmntr] 09/8/2024 07:49

In a weaker price environment, energy major Shell (SHEL) has largely held on to last year's profit level, beating analyst forecasts. The company reported interim adjusted earnings of $14bn (£11bn), 5 per cent behind last year. The June quarter profit was down a fifth on the previous quarter, at $6.3bn, driven by lower prices in the integrated gas division and weaker margins in the chemicals business. This was ahead of analyst expectations of $5.9bn, however. The quarterly investor payouts will remain at the levels announced in April alongside the March quarter results, with the dividend at 34.4c and the buyback at $3.5bn. Chief executive Wael Sawan has put Shell on a cost cutting focus at the same time as spending to increase production. This included suspending work at a Rotterdam biofuel refinery that was close to completion at the beginning of July, which contributed to a $783mn impairment in these results. The sale of the Singapore refinery to a joint venture of Glencore (GLEN) and an Indonesian chemicals firm also resulted in a $708mn write-down. Sawan said the company had managed to take out $1.7bn of annual costs in the first half, compared to 2022 cost levels, which helped balance out lower trading profits and refining margins. These dented earnings on top of weaker oil and gas prices. Capital expenditure overall was down over a fifth to $9.2bn in the half overall, but spending rose in the integrated gas division by 15 per cent. Shell has said liquefied natural gas (LNG) will remain a focus, as demand is forecast to remain high for the product deep into the 2030s. Last month, Shell gave a Caribbean gas project the green light, as part of its goal to ramp up LNG output by as much as 30 per cent in the next six years. Spending has continued on renewables projects as well, although the capacity of projects under construction or committed for sale is down to 3.8 gigawatts, compared to 4.6 gigawatts a year ago. The earnings in that segment tumbled in the half, although this was largely down to a more sedate energy sector in Europe. The division fell to an adjusted loss of $24mn in the first half, compared to a $634mn profit last year, hit by an $831mn drop largely from "lower volatility and declining prices" in Europe. There are risks to this potentially short-term(ist) approach of upping gas output and stripping back costs, given the next energy shock could go against oil and gas, but investors have backed this strategy from Sawan, pushing the shares up 12 per cent this year. Hold. Last IC View: Hold, 2,846p, 1 Feb 2024

[xxxxxy] 07/8/2024 18:41

Gas prices have jumped to their highest point this year following reports of Ukraine's attack on Russia.The European benchmark contract on Wednesday jumped as much as 5.7pc to €38.78 (£33.33) a megawatt-hour, surpassing the previous intraday high recorded in early June.The surge came amid reports that Ukrainian troops have seized a key gas-transit point in the Russian town of Sudzha. The border town is the only remaining shipment point for the Russian natural gas passing through Ukraine to Europe. The update was posted on an unofficial Russian military blog and could not be independently verified. However, the reports raised alarm among traders who had been on alert for disruptions to fuel supply.Ukraine's gas transit operator on Wednesday said that Gazprom will continue to ship gas through the country to the continent despite the clashes.Russian President, Vladimir Putin, accused Ukraine of a "large-scale provocation" after sending hundreds of troops into Russia's Kursk region, marking the biggest assault on Russian territory since his 2022 invasion of its neighbour. ..Daily Telegraph

[xxxxxy] 07/8/2024 14:51

AI is going to require masses of electricity...alternative to fossil won't do it...nuclear will in future.

[xxxxxy] 07/8/2024 14:49

Big Oil Doubles Down on LNG as Renewables FalterBy Irina Slav - Aug 06, 2024, 7:00 PM CDTSupermajors are scaling back renewables projects and investments due to poor returns compared to LNG.Big Oil prioritizes growing its LNG business, seeing strong demand for natural gas in the medium to long term.Renewables commitments falter as European oil and gas firms focus on energy security amid the energy crisis and skyrocketing prices.?The supermajors continue to bet on LNG while scaling back renewables projects and investments as oil and gas returns continue to trump the poor profits from renewables.   The world's top international oil and natural gas firms are sanctioning new LNG projects and buying stakes in new developments as they see demand for natural gas growing in the medium to long term.  Bound by the pledges to return more cash to shareholders, Big Oil is betting on growing its much more lucrative LNG business than on wind, solar, or biofuels, where returns have been poor for years and haven't really taken off despite soaring global capacity additions. In recent years, LNG trading has reaped a lot of profits for the European majors, while nearly all of them have had to take impairment hits on renewables projects in Europe and the U.S. OilPrice.com

[netcurtains] 07/8/2024 09:09

Its like a slow moving super tanker slowly turning North...

[xxxxxy] 05/8/2024 13:34

Me.Trying to invest in Reality. Take fossil fuels or of equation and Civilisation would collapse...as we know it.

[xxxxxy] 05/8/2024 13:32

Car makers have slashed their forecast for electric car sales this year amid an ongoing slowdown in demand.The Society for Motor Manufacturers and Traders (SMMT) now predicts electric vehicles (EVs) will account for 18.5pc of the new car market in 2024, down from an earlier prediction of 19.8pc.EV registrations surged higher in July but sales to private consumers continued to slump.In figures published on Monday, the SMMT also revised down its forecast for the 2024 new car market as a whole, from 1.984m vehicle sales to 1.968m. ..Daily Telegraph

[xxxxxy] 05/8/2024 10:02

Brent crude, the international benchmark, was down 0.8pc towards $76 a barrel - erasing this year's gains - after closing at its lowest since early January on Friday. It has joined the global stocks sell-off amid fears that a US recession could impact demand for oil around the world.The market is also bracing for a possible attack from Iran against Israel in retaliation for the killing of senior leaders in Hezbollah and Hamas.Warren Patterson, head of commodities strategy at ING, said: "While there are growing demand concerns, geopolitical risks continue to hang over the oil market."US-produced West Texas Intermediate was down 0.9pc below $73 a barrel....Daily Telegraph

[p@] 05/8/2024 07:10

08:00:25
Have a look at the first trade of the day 81918 shares at £27.75,I would rather have a
bigger div.!

[hellscream] 02/8/2024 14:24

those price targets will mean nothing if the dow sells off 10000pts.

[philanderer] 02/8/2024 09:48

HSBC raises Shell price target to 3,200 (3,070) pence - 'buy'

Barclays raises Shell price target to 4,000 (3,800) pence - 'overweight'

UBS raises Shell price target to 3,000 (2,900) pence - 'neutral'

[netcurtains] 02/8/2024 07:26

could be start of gentle rise towards autumn and winter

[geckotheglorious] 01/8/2024 19:22

supermarky
Post 4992
"I think it is a dead cert they will move out of basket case socialist nirvana profit hating Britain."

As will anyone else with a brain if they can afford it.

[hellscream] 01/8/2024 17:14

a big 2008/2009 reccession repeat would put an stop to all labour tax raid.

i wouldnt mind a drop in my money to see austerity return.

[adg] 01/8/2024 14:15

Seems like a daily pattern
Up in early hours
US of Fekkin A opens and down we go