Share Name Share Symbol Market Type Share ISIN Share Description
Royal Dutch Shell A LSE:RDSA London Ordinary Share GB00B03MLX29 'A' ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.05% 2,127.00p 2,131.00p 2,131.50p 2,148.50p 2,129.00p 2,139.50p 5,312,507 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 189,165.5 4,539.8 47.0 47.2 95,940.84

Shell A Share Discussion Threads

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Home » Reports » Broker Ratings » Royal Dutch Shell Plc 29% Potential Upside Indicated by Barclays Capital broker ratings Royal Dutch Shell Plc 29% Potential Upside Indicated by Barclays Capital Posted by: Amilia Stone 15th August 2017 Royal Dutch Shell Plc using EPIC/TICKER code (LON:RDSA) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; today by analysts at Barclays Capital. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set their target price at 2750 GBX on its stock. This would imply the analyst believes there is now a potential upside of 29.0% from today’s opening price of 2132 GBX. Over the last 30 and 90 trading days the company share price has increased 74.5 points and decreased 25 points respectively. The 1 year high for the share price is 2295.5 GBX while the 52 week low is 1791 GBX. Royal Dutch Shell Plc has a 50 day moving average of 2,112.34 GBX and a 200 day moving average of 2,130.31. There are currently 9,520,721,311 shares in issue with the average daily volume traded being 4,990,356. Market capitalisation for LON:RDSA is £203,029,381,957 GBP.
Royal Dutch Shell: If I Could Buy Just One Energy Stock Aug. 11, 2017 9:55 AM ET| 14 comments| About: Royal Dutch Shell plc (RDS.A), RDS.B Ray Merola Ray Merola Value, dividend investing, growth at reasonable price, contrarian (6,696 followers) Summary In 2017, most energy stocks have under performed. Amidst the castaways, there's a Super Major gem hiding in plain sight. It's a turnaround story wrapped in a 6.7% dividend yield. Of all the companies I follow, one 2Q 2017 earnings release stood out. The company blew out Street estimates. Management continued to fulfill promises to investors. Remarkably, the stock resides in 2017's most downtrodden neighborhood: Energy. The company is Royal Dutch Shell (RDS.A) (RDS.B). For those that follow my work here on Seeking Alpha, I've been constructive on RDS shares for a long time. I've advocated CEO Ben van Beurden is the real deal. He's a no-nonsense Dutchman with an eye for business simplification and efficiency; precisely what Shell needed. In 2014, Mr. van Beurden was elevated to the CEO role after an outstanding run at Shell Chemical. Over three-a-half years into his new role, he's not disappointed. Looking back to 1Q 2016, Shell had just completed its BG Group acquisition. Ben van Beurden touted it. He owned the deal. The transaction was roundly criticized by many. Detractors declared, "The timing is terrible," "Shell paid far too much," and of course, "The dividend is unsustainable. It must be cut!" Some 6 quarters later, RDS stock is up 28%. The cash dividend remains at $0.94 per ADR. In mid-2015, management made a highly unusual move for a global corporation in the midst of a commodity collapse: CEO van Beurden and CFO Simon Henry promised the payout would be maintained through at least the end of 2016, despite the industry struggling with an energy commodity collapse. Indeed, it was not reduced, and has been maintained for an additional two quarters. In August 2017, none withstanding the robust capital appreciation, Shell shares still yield about 6.7%. Meanwhile, Royal Dutch Shell began the process of concurrently re-imagining itself and absorbing the BG Group; a company about one-quarter the size of the old Shell itself. Let's briefly walk through where we've been, and look forward to where I believe we're heading. From the Depths By mid-2015, oil prices began to roll over, hitting rock bottom in 1Q 2016. In January and February 2016, Brent and WTI fell to the mid $20s. Shell closed on the BG deal around the same time. The company borrowed big to fund the $53 billion cash-and-stock acquisition. The rock-solid balance sheet took a hit. Gearing (i.e., debt-to-capital) nearly doubled to 26% from just 14% at the end of 2015. Shortly after the transaction closed, van Beurden made some promises: First, he said operating costs and capital expenditures were coming down; and fast. source for this section's slides: Shell 1Q 2016 earnings release Second, he pointed out BG production was going up. In late 2015, I once again advocated a position for the shares. January 2016 marked investors' point of maximum pain. RDS.A shares traded for under $40 each, and offered nearly a 10% dividend yield. Fortitude was required for those scaling in on the long trip down. The underlying business hit bedrock in 1Q 2016. Shell generated only $661 million operating cash flow, or an annualized $2.6 billion. It was a pale comparison versus over $40 billion a year OCF reported in the YE 2012-2014. In 2016, cash dividends were costing the company ~$2.5 billion per quarter. Fast-Forward to 2017 Since the close of the BG acquisition, Royal Dutch Shell has COMPLETELY absorbed the operation's capex and opex, while reducing its own legacy costs dramatically. Spending Capital spending has been reduced to $25 billion from over $40 billion a year. source for this section's slides: Shell 2Q 2017 earnings release The go-forward capex run-rate is $25 billion to $30 billion a year. The reduction is not simply a "cut." Shell now utilizes far more commercial discipline. The company can stretch a buck farther than years' past. Opex is down 20% since 2014. For years, Shell management emphasized span. Cost containment was not a prime mover. No more. Under Ben van Beurden operating costs are down, and these are staying down. It's a template he used successfully when heading up Shell Chemical. The energy business is notoriously cyclical; within the energy business, chemicals are cyclical on steroids. Divestiture Program An announced $30 billion divestiture program remains on track. About $26 billion has been closed, is pending closure, or in advanced discussions. Between 2016 and 2018, management promised $30 billion in cash from divestitures. Proceeds are earmarked to reduce debt. Concerns about Shell being forced to settle for "fire sale" prices, or an inability to close deals fast enough failed to materialize. As outlined initially by Van Beurden, the 3-year divestment strategy is about simplification, not mortgaging the future or shrinking to pay the dividend. Concurrent Production Increases At the end of 2015 (prior to BG), Shell produced 2.95 million BoE/d. Given more than half the divestitures complete, 2Q 2017 total production climbed to 3.62 million BoE/d. In other words, while operating expenses declined by 20%, energy production increased 23%. In addition, long-lead, major capital projects are coming online. These projects are scheduled to deliver $5 billion incremental cash flow this year. By 2018, Shell management expects $10 billion incremental cash flow from these projects. Capital Returns and Debt Reduction Are In Focus CEO Van Beurden anticipates near-term Return-on-Average-Capital-Employed (RoACE) to reach 10%; far eclipsing the ~7% returns the company's experienced during the 2012 to 2014 boom cycle. The mark is now 4%; up from negative returns in 2016. As the major capital projects come online, "dead" capital comes to life and RoACE will rise. Net debt and gearing are on the way down. Gearing is 25.3% now, on its ways towards a 20% target. Cash Flow and the Dividend Most importantly to income investors, the trailing 4 quarters' operating cash flow covered the dividend easily. Over these quarters, Shell generated $38.45 billion operating cash flow. Capital expenditures were $22.10 billion. Dividend payments totaled $10.58 billion. The arithmetic and the chart is compelling. Indeed, Shell is NOT borrowing to pay the dividend. Notably, the ongoing script program continues to dilute current stockholders; however, the past year has seen the total number of shares outstanding rise by only 2.3%. On the 2Q 2017 conference call, management is well-aware of the script program's dilutive effect, and desires to end it as quickly as possible. Nonetheless, corporate financial priorities remain unchanged: Reduce debt Fund the dividend Reinvest for growth initiatives Shell CFO Jessica Uhl reinforced management's view of the script program during the 2Q 2017 conference call: And I do want it to be very clear, our commitment to taking the scrip off as soon as it's appropriate to do so. So, the - if I've used different language, I would not want that to leave any other impression than that one. It is about getting our gearing down to 20%, getting our debt to the right levels and taking the scrip off as soon as possible. We're absolutely committed to doing that. Again, we're focusing on the fundamentals of the company and driving our cash flow to a different level, driving our profitability to a different level. This will make us a healthier company, a resilient company that ultimately can pay our dividends by cash year in year out and that's really what we're driving our company to be and again to get the scrip off as soon as we possibly can. All This While Prices Realized Plummeted In order to appreciate the magnitude of these achievements, here's a table summary of Shell's 2012 to 2017 prices realized: Crude oil prices have been slashed in half. Gas is down my more than 40 percent. Shell managed to completely integrate and absorb another major corporation, grind down costs, increase total production, and generate nearly as much cash flow as it did in 2013. I find the picture pretty clear, don't you? Looking Forward Under CEO Ben van Beurden and his staff, Royal Dutch Shell is positioned to manage itself in a sub-$50/bbl oil world. Shell does not need $60 or $70 oil to sustain positive net cash flow. Tight controls on opex and capex are not about to slip under the current regime. Heading into 2018, a bevy of high-profile, cash-rich projects are poised to generate incremental cash flow. Shell is running for cash, capital returns, and intent upon making a long-term, sustainable investment case for its stockholders. I maintain the dividend is secure. I've stated this position previously; and continue to do so. Shell has not cut its dividend since 1945. It is highly unlikely to happen now: not on Ben van Beurden's watch. I contend RDS shares are arguably the best deal in the oil patch: a sound and improving balance sheet, an indisputably outstanding franchise, the company is very well-managed, generates enormous cash flow, and is exceedingly shareholder-friendly. Additional disclosure: very long RDS.A
broker ratings Royal Dutch Shell Plc 25.8% Potential Upside Indicated by Barclays Capital Posted by: Amilia Stone 7th August 2017 Royal Dutch Shell Plc with EPIC/TICKER (LON:RDSA) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at Barclays Capital. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set their target price at 2750 GBX on its stock. This now indicates the analyst believes there is a possible upside of 25.8% from the opening price of 2186 GBX. Over the last 30 and 90 trading days the company share price has increased 145 points and increased 87.5 points respectively. The 1 year high for the stock price is 2295.5 GBX while the 52 week low is 1791 GBX. Royal Dutch Shell Plc has a 50 day moving average of 2,103.60 GBX and the 200 Day Moving Average price is recorded at 2,127.06. There are currently 9,311,378,836 shares in issue with the average daily volume traded being 5,076,924. Market capitalisation for LON:RDSA is £204,710,663,709 GBP.
4/08/2017 | 8:40 p.m. BERLIN (AWP / AFP) - The head of the German diplomacy, Sigmar Gabriel, said on Friday that the sanctions adopted Wednesday by Washington against Russia aim in part to counteract the supply of Russian gas to Europeans. "Mixing so frontally foreign policy and economic interests and saying" we want to get Russian gas out of the European market "is certainly something we can not accept," Gabriel told a meeting with his Slovak counterpart at Wolfsburg (north). These sanctions, voted by an overwhelming majority in the US Congress and promulgated reluctantly by President Donald Trump on Wednesday, have been denounced by Moscow but are also criticized by Brussels because they can affect European companies and in the long term its gas supplies Russian. At the center of these concerns is the Nord Stream 2 project for the construction of a gas pipeline between Russia and Germany via the Baltic Sea, developed by the Russian giant Gazprom and five European groups: the French Engie, the Germans Uniper (ex- EON) and Wintershall (BASF), the Austrian OMV and the Anglo-Dutch Shell. The provisions adopted on Thursday would give President Trump the possibility of sanctioning companies working on pipelines coming from Russia, for example limiting their access to US banks or excluding them from public procurement in the United States. dar / az
EIA Reports Crude Oil Inventories Fell 1.5 Million Barrels, WTI Oil Price Retreats By Tim Clayton - August 2, 2017 - 14:44 UTC Tweet Share1 +1 Stocktwits StockTwits Share The latest Energy Information Administration (EIA) data recorded an inventory draw of 1.53 million barrels for the week ending July 28th following a draw of 7.2 million barrels the previous week. Consensus forecasts were for a decline of 2.8 million barrels, although another unexpected build in the API data triggered a fresh round of uncertainty ahead of the EIA release. Crude inventories declined to 481.9 million barrels and were down 2.0% on the year, although still in the upper half of seasonal inventory levels. Refinery use rose 1.1% on the week following a 0.3% increase the previous week which will help underpin expectations of firm demand for crude. Cushing inventories recorded a marginal draw on the week. Domestic crude production recorded a gain of 0.2% on the week at 9.41mn bpd following last week’s decline and there was an increase of 11.5% over the year. Gasoline inventories recorded a draw of 2.5 million barrels on the week with a 4.4% annual decline while distillate recorded a draw of 0.2 million barrels with a year-on-year decline of 2.4%. The fuel data should help underpin underlying confidence, especially given the decline in stocks from year-ago levels, although much of the improvement is likely to have been priced in. The API data had recorded a build of 1.78mn for the latest week, although this followed a much larger than expected draw of 10.2 million barrels for the previous week. There was choppy trading in oil prices following the data with net losses to the $48.70 p/b area from $49.05 with disappointment over the headline figure and increase in production.
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broker ratings Royal Dutch Shell Plc 23.7% Potential Upside Indicated by Jefferies International Posted by: Amilia Stone 28th July 2017 Royal Dutch Shell Plc with EPIC/TICKER (LON:RDSA) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Jefferies International. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Jefferies International have set a target price of 2600 GBX on its stock. This would imply the analyst believes there is now a potential upside of 23.7% from the opening price of 2102.5 GBX. Over the last 30 and 90 trading days the company share price has increased 28.5 points and increased 84.5 points respectively. The 1 year high share price is 2295.5 GBX while the 52 week low for the stock is 1791 GBX. Royal Dutch Shell Plc has a 50 day moving average of 2,100.39 GBX and the 200 Day Moving Average price is recorded at 2,124.67. There are currently 9,693,247,496 shares in issue with the average daily volume traded being 5,780,330. Market capitalisation for LON:RDSA is £204,333,657,216 GBP.
Net Asset Value per Share (exc. Intangibles) 2016 1610.57p WHAT NTAV FOR 2017 and therefore what would be a reasonable share price target
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Shell Prepares for 'Lower Forever' Oil Prices -- 2nd Update 27/07/2017 1:17pm Dow Jones News Shell A (LSE:RDSA) Intraday Stock Chart Today : Thursday 27 July 2017 Click Here for more Shell A Charts. By Sarah Kent LONDON-- Royal Dutch Shell PLC laid out a pessimistic vision for the future of oil on Thursday, even as the company reported success in generating cash during a prolonged downturn. Shell has cut costs and said it is preparing for a world in which crude prices never return to precrash levels and petroleum demand eventually declines. Shell Chief Executive Ben van Beurden said the company has a mind-set that oil prices would remain "lower forever"--a riff on the "lower for longer" mantra the industry adopted for a price slump that proved unexpectedly lasting. "We have to have projects that are resilient in a world where oil has peaked," Mr. van Beurden told reporters on a conference call discussing the company's second-quarter financial results. "When it will happen we don't know, but that it will happen we are certain." The views of the British-Dutch oil company reflect the transition under way in a global energy industry grappling with the twin forces of an oil-supply glut and a looming consumer shift away from petroleum. These trends are even more pronounced for oil companies in Europe, where local and national governments are trying to phase out vehicles with combustion engines, encourage electric automobiles and reduce overall carbon emissions. Experts differ on the timing of peak oil demand. In its most conservative scenario, Shell sees oil peaking within the coming decade.The International Energy Agency says the timing will be more like 2040. The advent of declining demand--after decades of untiring growth--would likely cause a slide in the value of oil and the companies that produce it. On the other hand, U.S. energy giants such as Exxon Mobil Corp. and Chevron Corp. have said peak oil demand is still far off. And even when oil consumption eventually stops growing, Shell isn't expecting it to drop off a cliff. "It doesn't mean it's game over straight away," Mr. van Beurden said. "There will be a continued need for investment in oil projects." Mr. van Beurden's comments are broadly in line with Shell's overall strategy of moving toward producing fuel for electricity, such as natural gas and even renewables, and focusing on keeping costs low. The company now produces more gas than oil, is building a massive wind farm off the Dutch coast and has plans to spend up to $1 billion a year on building its presence in new energy sources such as renewables by the end of the decade. Despite Shell's conservative view on oil, the company presented what analysts said was a strong set of financial results for the second quarter. Shell's equivalent of net profit rose to $1.9 billion from $239 million a year earlier and its cash flow from operations soared to $11.3 billion. The company said it generated $38 billion of cash from its business over 12 months, enough to cover dividend payments and bring down debt. Shell's earnings were reported on the same day as French oil giant Total SA and Norway's Statoil ASA, all of them striking a confident if cautious note. They trumpeted falling debt levels and strong cash flow--a metric that has become increasingly important to investors who have been worried about oil companies' ability to cover their spending and dividends without taking on debt. Total's profit for the quarter was $2 billion, roughly the same as last year, and the company reported a significant increase in cash flow from operations to $4.6 billion. Statoil said it earned $1.4 billion in the second quarter, compared with a loss of $302 million last year. The company said it generated $4 billion in free cash flow. Exxon and Chevron report earnings on Friday. Cash flow has become an important way to gauge the health of big oil companies during the price downturn because it demonstrates their ability to make dividend payments to investors without taking on new debt. Hefty, regular dividends are a significant reason that big investors put money in oil companies, which have historically struggled to offer hope of significant share-price growth because of their size. Investors are particularly wary in an era of low oil prices. At the depths of the oil-price crash, big oil companies took on tens of billions of dollars in debt to help cover dividend payments. Several offer payouts as company shares, known as scrip--a practice that has kept investors happy in the short-term but was widely seen as unsustainable. In the first quarter of last year when oil hit its nadir of $27 a barrel, Shell's cash flow fell to just $700 million. Oil's fragile recovery since then to around $50 a barrel has helped the sector, but Shell and its peers have also engaged in aggressive efforts to bring down costs so they can survive at lower prices. Shell said that removing its scrip dividend remains a priority that it is working toward. "We are getting fit for the 40s," Mr. van Beurden said, referring to a world in which oil prices are below $50 a barrel. Write to Sarah Kent at (END) Dow Jones Newswires July 27, 2017 08:02 ET (12:02 GMT)
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Royal Dutch Shell Plc using EPIC/TICKER code (LON:RDSA) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘NEUTRAL’; today by analysts at Macquarie. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Macquarie have set their target price at 2150 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 3.7% from today’s opening price of 2073 GBX. Over the last 30 and 90 trading days the company share price has increased 7.5 points and increased 26.5 points respectively. The 52 week high for the share price is currently at 2295.5 GBX while the 52 week low for the share price is 1791 GBX.
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Shell and BP Q2 preview, majors may face further cuts Written by Alan Shields - 24/07/2017 6:00 am lain Armstrong of Brewin Dolphin Oil majors may need to face up to further cost cutting as they prepare to release their second quarter results, according to one expert. Iain Armstrong, equity analyst at Brewin Dolphin Securities, believes that unless there is a “significant” change in the oil price environment, further cuts are inevitable. His comments come as BP and Shell prepare to update investors on Q2 of 2017. Sign up to our daily newsletter Subscribe TodayPackages from £10 per monthPackages from £10 per month Mr Armstrong, said all eyes are on the Downstream and LNG sectors this quarter. Related Articles 'Very impressive' first quarter results predicted for BP, Shell Behind the Q4 numbers: BP gets gold star, LNG a strange positive for Shell Shell, BP results preview: Look past top line figures to find positive story, analyst says He said: “With the weakness in oil and gas prices during the quarter all the focus is on downstream and LNG. Lower oil prices help input costs and demand has been okay after a poor Q1. “We think there should be sequential improvement in refining, marketing and chemicals margins across all the regions, including Europe. Some of the benefit will be lost due to essential maintenance. “However, weaker oil prices will mean that operating cash flow will be weaker sequentially for the majors, although significantly strong year-on-year. “Part of this will be due to the catch up of unusually low capex in Q1. Nearly all the sell-side analysts have cut their medium term forecasts for oil resulting in some spectacular declines in EPS and more importantly cash flow for the next few years.” He added: “Hopes for a balancing in the oil market in H2 are fading fast but be would caution being too bearish given the lag in actual reporting compared to the speculative observation of full tankers leaving US ports. “Unless there is a significant change in oil fundamentals (change of attitude by the US producers, deeper cuts by OPEC or an unusual sharp uptick in demand) the oil majors will have to cut costs further. “A willingness and a capacity to do so in potentially sub $50 oil world will be the key messages in the Q2 results.” Shell will release Q2 results later this week. BP follows next week.
IT SEEMS SHELL IS ON THE UP AND UP AS FOLLOWING DATES APPROACHED Announcement date July 27, 2017 Ex-dividend date RDS A ADSs and RDS B ADSs August 9, 2017 Ex-dividend date RDS A and RDS B shares August 10, 2017
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Electricity for EV's has to be generated and if estimate of 266m EV's by 2040 is correct it's most likely that gas will play a big part in generating the extra electricity required (along with renewable energy, nuclear etc.). A lot of extra electricity will be needed, especially as remote generation leads to transmission losses which, together with the additional energy conversion steps, mean that EV's actually use more energy that burning fossil fuel directly in vehicles. Shell has been moving away from oil in favour of gas for some time and CEO stated last year that 'Shell is more a gas company than an oil company'. As far as the trend to EV's is concerned, maybe Shell's acquisition of BG was an opportunistic move.
Electric Cars Are Officially Keeping the Oil Industry up at Night By Matt Posky on July 14, 2017 oil Even though electric vehicles still only account for a sliver of the global market, Big Oil is beginning to take them seriously as a long-term threat to the industry. While preserving a finite resource is still probably the way to go, oil companies are accustomed to making money and have now begun revising their forecasts to account for accelerated EV adoption. Companies like Exxon Mobil and BP are ratcheting up their outlooks for the technology, anticipating slowing oil demand, while OPEC has quintupled its forecast for sales of EVs in the coming years. Those vehicles should account for a reduced oil demand of roughly 8 million annual barrels by 2040. According to Bloomberg, that’s more than the current combined production of Iran and Iraq. “The number of EVs on the road will have major implications for automakers, oil companies, electric utilities and others,” Colin McKerracher, head of advanced-transport analysis at Bloomberg New Energy Finance, wrote to clients. “There is significant disagreement on how fast adoption will be, and views are changing quickly.” So quickly, in fact, that OPEC now believes EVs will account for almost a quarter of the global market in under 24 years. That’s 266 million vehicles, up from a scant 46 million it anticipated just a year ago. If you’re wondering what’s causing the shifting projections from oil companies, it’s the newly concentrated effort from major manufacturers to incorporate electrification into their fleets. Tesla is beginning production of the more-mainstream Model 3 this summer, Volvo is planning to place an electric motor in all of its vehicles within two years, Mercedes is shifting toward mild hybrids, Volkswagen is promising to be a cleaner, greener company by bringing more electrics to market, and nearly every company is coming out with a new EV as they simultaneously scale down the size of their internal combustion engines. That’s in addition to a growing network of charging stations and governments pushing for more aggressive emission regulations. It’s all working toward an increasingly electric and less oil-driven future.
The 2017 interim dividend timetable is also available on 2nd quarter 2017 Event Date Announcement date July 27, 2017 Ex-dividend date RDS A ADSs and RDS B ADSs August 9, 2017 Ex-dividend date RDS A and RDS B shares August 10, 2017 Record date August 11, 2017 Scrip reference share price announcement date August 17, 2017 Closing of scrip election and currency election (See Note) August 25, 2017 Pounds sterling and euro equivalents announcement date September 4, 2017 Payment date September 18, 2017
la forge
First quarter 2017 results 27 Jul 2017
Offshore staff GREAT YARMOUTH, UK – Veolia and Peterson have accepted the first offshore structure into their Great Yarmouth decommissioning facility. Shell’s decommissioned Leman BH platform accommodation block has arrived at Veolia/Peterson̵7;s new decommissioning complex at Great Yarmouth on the English east coast. The supporting 50-m (164-ft) high steel jacket should follow soon after being removed from its location 50 km (31 mi) from the Norfolk coast in the UK southern North Sea. The platform had previously housed personnel working on the Leman BT and Leman BK platforms. Boskalis is responsible for offshore removal and transport operations. Shell is targeting a 97% recycling and re-use rate. Veola/Peterson’;s site will handle deconstruction and recycling of both structures, comprising around 1,600 metric tons (1,763 tons) of materials and equipment. It can provide decontamination, waste management and associated integrated logistics, marine and quayside services. To date the venture has recovered over 80,000 metric tons (88,185 tons) of offshore materials. 07/12/2017
Shell Aggressively Investing in New Energies Division Move comes as renewable power, electric cars gain in popularity. July 11, 2017, 02:10 pm LONDON — One major oil company is investing heavily in new energy platforms as the fuels industry continues to evolve. Royal Dutch Shell plc will spend as much as $1 billion a year on its New Energies division as renewable power and electric cars gain in popularity with consumers, according to The Boston Globe. "In some parts of the world we are beginning to see battery electric cars starting to gain consumer acceptance" while wind and solar costs are falling fast, Shell CEO Ben Van Beurden said in a speech in Istanbul, Turkey, on July 10. "All of this is good news for the world and must accelerate," while still offering opportunities for producers of fossil fuels, he added. According to the report, Shell sees opportunities in hydrogen fuel-cells, liquefied natural gas, and next-generation biofuels for air travel, shipping and heavy freight. Van Beurden spoke at the World Petroleum Congress, a gathering of ministers and chief executives from some of the largest oil producers, at a time when the accelerating shift to clean energy is raising questions about their long-term business models. While other attendees explained that oil and gas will remain dominant for the next few decades, Van Beurden highlighted the potential for some of the fastest-growing nations to leapfrog straight to a cleaner energy mix. "When you consider the areas of the world where energy demand is still to expand, like Asia and sub-Saharan Africa, there is a huge opportunity," Van Beurden said. "These are areas that are not, on the whole, locked in to a coal-driven system. There is the potential for them to shift more directly onto a less energy-intensive pathway to development." There is often too much focus on energy-transition policies in Europe and North America instead of the fast-growing developing world, he added. Based in the Netherlands, Royal Dutch Shell is a global group of energy and petrochemical companies with operations in more than 70 countries. Houston-based Shell Oil Co. is an affiliate of the company.
Thanks ARIANE for your response.
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