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SHEL Shell Plc

2,625.00
11.50 (0.44%)
10 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:SHEL London Ordinary Share GB00BP6MXD84 ORD EUR0.07
  Price Change % Change Share Price Shares Traded Last Trade
  11.50 0.44% 2,625.00 20,296,564 16:35:23
Bid Price Offer Price High Price Low Price Open Price
2,626.00 2,627.00 2,674.50 2,600.00 2,607.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 316.62B USD 19.36B USD 3.1658 8.30 159.82B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:38 O 30 2,656.50 GBX

Shell (SHEL) Latest News (1)

Shell (SHEL) Discussions and Chat

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Date Time Title Posts
12/1/202500:43Shell5,354
22/8/202312:11The man in the helicoptor4
27/10/202206:29Shell-
07/2/202217:53You can be sure of Shell-
22/1/202220:14Stand up the true SHELL, Royal Dutch and or Transport3,063

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Posted at 12/1/2025 08:20 by Shell Daily Update
Shell Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SHEL. The last closing price for Shell was 2,613.50p.
Shell currently has 6,115,031,158 shares in issue. The market capitalisation of Shell is £160,611,293,365.
Shell has a price to earnings ratio (PE ratio) of 8.30.
This morning SHEL shares opened at 2,607.50p
Posted at 10/1/2025 10:22 by geckotheglorious
Shell, Chevron start oil production at Gulf of Mexico's Whale project
Shell (NYSE:SHEL) said Thursday it began production at its Whale floating facility in the Gulf of Mexico, which is expected to reach peak output of 100K boe/day; Whale is operator and 60% owned by Shell, with the other 40% held by Chevron (CVX).

Shell (SHEL) said Whale, which holds a recoverable resource volume of 480M boe, achieved first oil around seven years after the development was discovered, primarily due to a delay in reaching a final investment decision following the company's cash preservation strategy adopted during the COVID-19 pandemic.

The company expects its operations at Whale will have a greenhouse gas emissions intensity ~30% lower than its nearby Vito floating platform due to the use of more efficient turbines and compression systems.
After selling its onshore Permian Basin business to ConocoPhillips in recent years, Shell's only U.S. production is in the Gulf of Mexico.

Chevron (CVX) said production from the Whale development would bring it closer to reaching 300K net boe/day in the Gulf of Mexico by 2026.
Posted at 01/1/2025 23:35 by waldron
Shell shock warning on plot to move listing to New York could fuel oil and gas exodus

By DAILY MAIL CITY & FINANCE REPORTER

Updated: 22:00 GMT, 1 January 2025


Shell will face questions over its future on London’s stock market in 2025 in what is set to be a crucial year for the energy giant, writes Jessica Clark.

Chief executive Wael Sawan has warned he will consider moving its listing to New York if attempts to boost its valuation in the UK do not pay off.

He set a deadline to increase value and cut costs by the end of 2025 before taking more drastic measures, which could include ditching London for the US.

Such a move would be a major blow for the City as Shell is one of the biggest companies in the FTSE 100 with a valuation of almost £152billion.

It is feared that Shell’s exit would prompt rival exploration giants such as miners Rio Tinto and Glencore and oil and gas group BP to follow suit.

‘I have a location that is clearly undervalued,’ Sawan told Bloomberg in April.


Valuation gap: Shell chief Wael Sawan has warned he will consider moving its listing to New York if attempts to boost its valuation in the UK do not pay off


Valuation gap: Shell chief Wael Sawan (pictured) has warned he will consider moving its listing to New York if attempts to boost its valuation in the UK do not pay off


He said the oil giant was on a ‘sprint’ to close the valuation gap with US rivals ExxonMobil and Chevron by the end of next year.

If no improvement was made, Sawan said the firm would look at ‘all options’ including the possibility of moving its share listing to New York.

‘If we work through the sprint and we still don’t see that the gap is closing, we have to look at all options,’ he said.

Shell declined to comment on its plans for 2025.
Posted at 09/12/2024 07:02 by jrphoenixw2
Today 07:00
Shell plc Third Quarter 2024 Euro and GBP Equivalent Dividend Payments

SHELL PLC THIRD QUARTER 2024 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS

December 9, 2024

The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2024 interim dividend, which was announced on October 31, 2024 at US$0.344 per ordinary share.

Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by November 29, 2024 will be entitled to a dividend of US$0.344, €0.3262 or 27.03p per ordinary share, respectively.

Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share shown above.

Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from December 4 to December 6, 2024. This dividend will be payable on December 19, 2024 to those members whose names were on the Register of Members on November 15, 2024.

Taxation - cash dividendIf you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.

Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.
Posted at 08/11/2024 19:53 by xtrmntr
The gap between BP (BP.) and Shell (SHEL) looked wider than ever after the latter released positive third-quarter results, and reassured investors its buybacks remained affordable. Earlier this week, BP flagged a potential cut to its $14bn (£10.8bn) buyback plan early next year as analysts focused on its rising debt levels. Shell reported adjusted earnings of $6bn for the three months to 30 September, down 4 per cent on the previous quarter and 3 per cent compared with last year. This was 12 per cent ahead of the consensus forecast. The drop compared with the second quarter was down to smaller refining margins, which fell from $7.70 a barrel in the previous quarter to $5.50. While Shell management had guided for a weaker trading profit, the marketing division actually increased its adjusted earnings by 9 per cent, to $1.2bn. This is almost double the figure from a year ago. Energy prices have dropped significantly since the industry's super profits of 2022, and adjusted earnings are down around a third since then. Shell's strategy has shifted to spending heavily on buybacks and putting cash back into the business, and "every decision is benchmarked against our shares", said chief executive Wael Sawan. "Given where [the shares] have been trading, we continue to preferentially allocate incremental capital towards share buybacks," he added. Buybacks for the next three months will again total $3.5bn. The dividend is maintained at 34.4¢. The company has announced new spending in recent months, and announced final investment decisions on the Manatee gas project in Trinidad and Tobago and the Vita project in the Gulf of Mexico. Capital spending will be at the low end of the $22bn-$25bn guidance, Sawan said. Net debt at $35bn is down $3bn from the end of June. "The fall in net debt (even after adjusting for working capital) confirms the sustainability of Shell's capital allocation while the cut in FY24 capex guidance confirms the company's capital efficiency," said Jefferies analyst Giacomo Romeo. Shell's short-term strategy is still clear – send free cash to investors, limit new spending and costs where possible. What comes next is less clear, given Sawan's preference to maintain or even increase oil and gas production. Hold.
Posted at 01/11/2024 07:19 by xtrmntr
Shell is head of the UK pack, says AJ Bell Shell (SHEL) has beaten 'gloomy' forecasts despite weaker oil prices and AJ Bell says it remains ahead of its UK peer BP (BP).The Citywire Elite Companies AAA-rated oil major reported a forecast-beating third quarter, with profits of $6bn being 12% higher than expected but still 4% lower than the previous quarter as oil prices continued to be buffeted by demand worries.The group recommenced its buyback programme, confirming it will repurchase £3.5bn of stock, matching its previous buyback sum. The shares rose 3.5% to £25.79 on Thursday and have traded sideways year to date.'Shell has managed to beat some gloomy forecasts in the third quarter despite the weak oil price. The addition of a new share buyback has helped drive a positive response from the market,' said analyst Russ Mould.'The company's long-term strategy of focusing on natural gas appears to be paying off with the integrated gas division proving the real engine of growth.'New chief executive Wael Sawan has been 'streamlining and simplifying' the business and taking a 'hard-nosed approach' to the energy transition, which appears to be paying off. 'While the aspiration of keeping up with US peers is still to be met, Shell has at least outperformed its direct UK rival BP,' said Mould.
Posted at 10/10/2024 14:33 by waldron
Should I 'buy' Shell or BP? Here's what a leading investment bank has to say

Published: 13:22 09 Oct 2024 BST


Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC face mixed forecasts as they prepare for third-quarter reports, according to JP Morgan’s latest research on the oil and gas sector.

Both companies are expected to see lower profits in the upcoming quarter, though Shell's outlook is seen as more stable than BP's, reinforcing its position as a preferred investment.

The Anglo-Dutch giant, which will release its results on October 31, is forecast to post a net income of $5.4 billion for the third quarter. This is a drop from the $6.3 billion reported in the same period last year.

The decline reflects weaker trading in refined products and a seasonal reduction in liquefied natural gas volumes, but JP Morgan analysts suggest Shell remains a resilient performer.

The company’s robust cash flow, forecast at $12.5 billion, will likely support ongoing share buybacks of $3.5 billion and an attractive dividend yield of 11.1%​.

BP, on the other hand, faces a more challenging quarter. Net income is expected to be $2.3 billion, down 30% from the prior year, while BP's cash flow is also projected to fall to $6.3 billion.

Analysts highlight higher maintenance costs and lower production in key regions as significant factors behind the weaker performance. BP’s long-term strategy could be under scrutiny amid reports that it may reconsider its target to cut oil and gas production by 2030.

Looking at the broader market, oil prices are expected to remain volatile, with forecasts for Brent crude at $70 per barrel in 2025, down $10 from earlier projections.

This could impact the long-term earnings of both companies, though Shell appears better positioned to weather the market’s ups and downs due to its higher free cash flow and disciplined capital management.

BP’s outlook, by contrast, remains more uncertain as it contends with the fallout of strategic shifts and potential reductions in production.

JPMorgan analysts have reiterated their 'overweight' rating on Shell, maintaining that it is one of the best-equipped companies in the sector to handle volatility. BP, however, continues to carry an 'underweight' rating.

PROACTIVE
Posted at 29/8/2024 19:54 by waldron
Shell to sell Sinco pipeline system and Colex terminal to Edgewater Midstream

29 August 2024 - 9:39PM

PR Newswire (US)



HOUSTON, Aug. 29, 2024 /PRNewswire/ -- Shell Pipeline Company LP and Triton West LLC, respective subsidiaries of Shell USA, Inc. (Shell), have agreed to sell their 100% interest in the Sinco pipeline system and Colex terminal to a subsidiary of Edgewater Midstream LLC (Edgewater), pending regulatory approval.

This sale follows Shell's Capital Markets Day to simplify our portfolio as we deliver more value, with less emissions

"This sale follows our guidance at Shell's Capital Markets Day to continue to simplify our portfolio as we seek to deliver more value, with less emissions," said Andrew Smith, Shell Executive Vice President Trading & Supply. "After the completion of the sale of Shell's equity in Deer Park Refinery, these assets are non-integrated and no longer fit within Shell's Powering Progress strategy. This transaction enables re-deployment of capital to other projects that will do so."

The sale of both assets is expected to be completed in Q4 2024.

Notes to editors

The Sinco pipeline system and the Colex terminal are located in the Houston Ship Channel area and have historically been operated as integrated assets with the Deer Park Refinery.

In 2022, Shell completed the sale of its equity share in the Deer Park Refinery to Pemex, rendering the Sinco pipeline and the Colex terminal non-strategic and non-integrated.

Both Shell Pipeline Company LP and Triton West LLC are subsidiaries of Shell and own 100% of Sinco pipeline system and Colex terminal, respectively.

Edgewater focuses on the acquisition, development and operation of pipelines and terminals in proximity to major North American petroleum trading hubs and demand centers, primarily in coastal markets.

Shell Pipeline Company LP transports over 1.5 billion barrels of oil annually through its vast network of pipelines and tank farms, ensuring reliable delivery of essential products like crude oil, gasoline, and chemicals.

The U.S. is a key market for Shell, where it has interests in 50 states and employs more than 13,000 people who work to provide a secure supply of energy today, while tackling the energy challenges of the future.

Shell's U.S. portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, lubricants, and refined fuel products along with renewables such as wind, solar, and mobility segments like electric vehicle charging.
Posted at 17/4/2024 07:33 by loganair
Typical of oil companies to buy back their shares when their share price is near all time highs.

The problem is when the oil price is high, oil companies are making huge profits and their share price in turn is high. At these times I would like to see Shell hold on to their profits until the oil price falls back leading to a drop in their share price then use the profits they've held back to buy back share.

How about Shell buying back their shares during covid, buying back as many as they could when the share price was under £10, could have bought back 3 shares for the same price as they are now buying back just 1.

It would be in the share holders interests for Shell to stop buying back shares when over a certain price, for example when the share price is above £20 Shell stops and when falls below restarts it share buy back programme.

More often then not, share buy backs destroy value in a company.
Posted at 07/4/2024 12:54 by drectly
It would not have much immediate impact on the FTSE due to the way that is calculated, but it would probably result in a significant increase in BP and SHEL share prices due to the way they would be valued as a company listed in the States. A declared focus on focil fues would further support the share price and renewed investment in fosil fuel projects.
Posted at 09/1/2024 11:12 by xxxxxy
Shell plc's SHEL, subsidiary, Shell Petroleum Development Co. of Nigeria Ltd. ("SPDC"), achieved a significant legal victory as Nigeria's Supreme Court upheld its appeal in a pollution case. This decision, issued in 2022, has far-reaching implications, especially since it's believed to pave the way for the sale of assets (worth billions of dollars) in the country.Understanding the Legal LandscapeSPDC, holding a 30% stake in a joint venture in Nigeria, faced a major hurdle with a court order preventing the divestment of assets until the pollution case's resolution. This obstacle not only halted Shell's parent company from disposing of onshore oil operations but also underscored the complexities of operating in a region marred by legal challenges.The VerdictWhile the details of the court's judgment are awaited, insiders revealed the initial verbal announcement made on Friday. This information, provided by individuals preferring anonymity, hinted at the positive turn of events for SHEL. This legal victory is not just an achievement for the company but also a strategic move that potentially reshapes its future in Nigeria.SPDC's Response and Ongoing EvaluationIn response to inquiries, a spokesperson for SPDC commented, "We note the Supreme Court's judgment on SPDC's appeal," emphasizing the ongoing evaluation of the decision's implications. This cautious response showcases the company's awareness of the significance of the verdict and its potential impact on its future operations.A Long-Standing Presence in NigeriaShell has been a key player in Nigeria's oil extraction sector for more than 50 years. The recent legal hurdle, which emerged approximately three years ago, prompted the then-CEO Ben van Beurden to signal the company's intent to exit onshore oil positions due to the ongoing issues of sabotage and theft. While the court's favorable decision provides SPDC with some relief, the journey is far from over.Legal Challenges on Multiple FrontsDespite this legal victory, Shell still faces challenges in various courts within Nigeria and the United Kingdom. A separate legal battle, involving approximately 1,200 plaintiffs in Nigeria's southwestern city of Akure, revolves around claims of being affected by an oil spill in 2011. Simultaneously, in the U.K., a court ruling permits a group of Nigerian fishermen to proceed with their claims against Shell in another longstanding legal case.Implications for the Oil and Gas IndustryThis legal saga highlights the intricacies and challenges that multinational corporations face in regions with complex legal landscapes. The outcome of these cases could set precedents for how other companies navigate legal hurdles in the pursuit of their business goals.ConclusionAs Shell emerges victorious in this significant legal battle, the broader implications for the oil and gas industry remain to be seen. The Shell subsidiary's ability to navigate these legal challenges will undoubtedly shape its future strategies in Nigeria and abroad. The Supreme Court's decision is just a chapter in Shell's ongoing narrative, and the industry watches closely as the story unfolds.Zacks Rank and Key PicksCurrently, SHEL carries a Zacks Rank #3 (Hold).... Yahoo Finance
Shell share price data is direct from the London Stock Exchange

Shell Frequently Asked Questions (FAQ)

What is the current Shell share price?
The current share price of Shell is 2,625.00p
How many Shell shares are in issue?
Shell has 6,115,031,158 shares in issue
What is the market cap of Shell?
The market capitalisation of Shell is GBP 159.82B
What is the 1 year trading range for Shell share price?
Shell has traded in the range of 2,345.00p to 2,956.00p during the past year
What is the PE ratio of Shell?
The price to earnings ratio of Shell is 8.3
What is the cash to sales ratio of Shell?
The cash to sales ratio of Shell is 0.51
What is the reporting currency for Shell?
Shell reports financial results in USD
What is the latest annual turnover for Shell?
The latest annual turnover of Shell is USD 316.62B
What is the latest annual profit for Shell?
The latest annual profit of Shell is USD 19.36B
What is the registered address of Shell?
The registered address for Shell is SHELL CENTRE, YORK ROAD, LONDON, SE1 7NA
What is the Shell website address?
The website address for Shell is www.shell.com
Which industry sector does Shell operate in?
Shell operates in the PETROLEUM PRODUCTS/REFINERIES sector

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