Shell Share Discussion Threads

[waldron] 15/12/2016 08:54

By Sarah Kent and Rory Gallivan

LONDON-- Royal Dutch Shell PLC on Thursday said Simon Henry will step down as chief financial officer next year after he steered the Anglo-Dutch oil major through the acquisition of BG Group and a tumultuous period of low oil prices.

Mr. Henry will be replaced by Jessica Uhl, who is currently finance chief for the company's Integrated Gas business--a core focus following on from the deal with BG, which bolstered Shell's already sizable position in the liquefied natural gas business.

Mr. Henry will remain in his current position until March 9 and will be available to assist with the transition until June, Shell said Thursday.

The handover ends a varied career of more than 30 years at the company and over seven as CFO, culminating with the execution of Shell's roughly $50 billion acquisition of BG at a time of sharply falling prices.

Ms. Uhl joined Shell in 2004, following stints at Enron and Citigroup. She's a rare American appointment to Shell's executive level, which has historically been dominated by British and Dutch individuals.

Rory Gallivan contributed to this article.

Write to Sarah Kent at [e-mail] and Rory Gallivan at [e-mail]



(END) Dow Jones Newswires

December 15, 2016 03:33 ET (08:33 GMT)

[sarkasm] 14/12/2016 09:06

LONDON--Royal Dutch Shell PLC (RDSA.LN) Wednesday said it has started oil production from the Malikai Tension-Leg Platform off the coast of the Malaysian state of Sabah.

Production at the platform should reach 60,000 barrels a day, said Shell, which has a 35% stake in the project, which also involves ConocoPhillips Sabah with a 35% stake and PETRONAS Carigali with 30%.



Write to Rory Gallivan at [e-mail]; Twitter: @RoryGallivan



(END) Dow Jones Newswires

December 14, 2016 02:39 ET (07:39 GMT)

[waldron] 12/12/2016 07:55

AS A MEMBER OF A PRETIGOUS THINK TANK

WHAT THINK YOU OF THIS SCENERIO

THE SAUDI ARAMCO IPO PLOY

REDUCE OIL SUPPLIES AND UP OIL PRICE TO IMPACT IPO VALUE

[sarkasm] 07/12/2016 12:21

1408/5000
LONDON (Dow Jones) - Royal Dutch Shell (RDSA.LN) will sign an agreement Wednesday for the development of a major oil field in Iran, said a spokesman for the Iranian Ministry of Petroleum, suggesting that giants Of energy do not intend to leave the commitment of US President-elect Donald Trump to break the Iranian nuclear deal preventing them from investing.
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French major Total also intends to sign its second major development contract in Iran, said the Wall Street Journal spokesman. Total was the first Western oil company to return to Iran with a major project, announced on November 8, the very day of the presidential election in the United States.

The contracts concern the development of the oil fields of South Azadegan and Yadavaran, two large-scale projects, important for the future of the Iranian oil sector.

Shell declined to comment on this information. Total did not respond to requests for comments at this time.

-Benoît Faucon, The Wall Street Journal

(French version Valérie Venck) ed: ECH

Dow Jones Newswires

December 07, 2016 04:02 ET (09:02 GMT)

More information on hxxp://investir.lesechos.fr/actions/actualites/shell-et-total-prets-a-signer-des-contrats-pour-des-projets-en-iran-gouvernement-iranien-1614935. Php # j81Ae0VdoQy1Wql6.99

[grupo guitarlumber] 07/12/2016 07:11

Royal Dutch Shell should be preferred over BP, says Deutsche Bank
10:06 06 Dec 2016
Analyst Lucas Hermann said the risk-reward ratio is already favourable for Shell.
Shell logo
DB set a price target of £24.50 a share

An influential City oil team favours Royal Dutch Shell Plc (LON:RDSA) above BP Plc (LON:BP) in the hunt for value among the majors.

Number-one rated Deutsche Bank says the decision by the major producing nations to rein back output only strengthens the ‘buy’ case for the Anglo-Dutch giant.

It set a price target of £24.50 a share and is a fan of the 6% dividend yield.

Analyst Lucas Hermann said the risk-reward ratio is already favourable, adding he is heartened at the way the company’s disposal programme is going.

“Given the depth and quality of the Shell resource base the questions has never really been the potential for tomorrow’s portfolio; rather the extent to which legacy might hold it back,” the Deutsche number cruncher said in a note to clients.

“With a greater dependence on the macro than peer both to balance its cash flows and heal an ailing balance sheet, OPEC support for commodity pricing can, in our opinion, only aid the investment case. Sure there is much to be done both to slim down and to repair.”

BP, by contrast, is weighed down by the continued financial fall-out from the Deepwater Horizon disaster, referred to by the City as Macondo.

Restating his ‘hold’ advice and 506p target price, Hermann said: “Where the portfolio feels more robust, ongoing large Macondo payments continue to eat into cash flow.

“Transient perhaps but until we see their moderation concerns on the BP cash cycle look set to remain.”

The Square Mile is split on the outlook for BP. Of the 15 analysts logged as following the stock, nine are ‘buyers’. The remainder are in Deutsche’s camp as holding ‘neutral’; recommendations.

For Shell, the picture is markedly different. Ten out of 12 analysts are positive on the shares, while one is a ‘sell’ and another ‘neutral’;.
Ian_55ae0ddd437b7.jpg
Ian Lyall

[waldron] 05/12/2016 14:27

Royal Dutch Shell CFO Simon Henry Sells Shares at Premium
05/12/2016 12:56pm
Dow Jones News

Shell A (LSE:RDSA)
Intraday Stock Chart

Today : Monday 5 December 2016
Click Here for more Shell A Charts.

LONDON--Royal Dutch Shell PLC () said Monday its Chief Finance Officer Simon Henry has sold 50,000 shares at 21.63 pounds ($26.54) each, a 0.5% premium to Friday's closing price of GBP21.52.

Shares at 1225 GMT up or 0.3% at GBP21.58 valuing the company at GBP175.17 billion.



Write to Olga Cotaga at [e-mail], Twitter @OlgaCotaga



(END) Dow Jones Newswires

December 05, 2016 07:41 ET (12:41 GMT)

[waldron] 03/12/2016 00:21

Oil prices rose for a third straight day on Friday, after OPEC's agreement to cut output for the first time in eight years.

U.S. crude futures rose 62 cents, or 1.21%, to $51.62 a barrel on the New York Mercantile Exchange, its highest settlement since July, 2015. Brent, the global benchmark, gained 52 cents, or 0.96%, to $54.46 on London's ICE Futures Exchange.

Crude prices have surged since the Organization of the Petroleum Exporting Countries agreed to pull back their output by 1.2 million barrels a day. "At this point I don't think too many people are willing to stand in front of it," said Ric Navy, senior vice president for energy futures at RJ O'Brien & Associates.

Oil's advances stalled overnight, however, with U.S. crude futures pulling back to $50.18 as investors took profits following the dramatic rally. But crude prices resumed their march higher later, as the market looked set to hold on to most of its recent gains.

U.S. crude futures gained 12.2% this week -- the largest weekly percentage gain since 2009. But market participants say crude's rally could be running out of steam.

"I think it's getting close to the end of its rope," said Mark Waggoner, president of Excel Futures. "I see it getting tired and falling back. I just don't see this as a game changer when they're pumping as much as they are."

The deal to cut production is expected to take effect in January, and participating oil-producing nations will reassess in six months with an option to extend the accord for another six months.

If the deal is fully observed, it could shift the market into a deficit as early as the first half of next year. Brent prices could move higher to average between $55 and $60 a barrel in 2017, said Simon Flowers, chief analyst at consultancy Wood Mackenzie. "However, this does depend on OPEC being very careful to meet the terms of the agreement," he cautioned.

Skepticism over members' compliance with production quotas remains, as members have cheated their quotas in the past by underreporting or producing beyond their allotted limits.

Moreover, the OPEC supply action could cause some oil producers to lose market share as oil producers who aren't participating in the deal ramp up their output.

"It is a dangerous game that Saudi Arabia is playing," said Michael Cohen, the head of energy commodities research at Barclays. "Should prices rise too high then the amount of shale oil that comes into the market will eventually start to cut into their market share."

The U.S. put three more oil rigs back to work in the latest week, bringing total active rigs to 477, the most since late January, according to Baker Hughes.

Gasoline futures gained 1.21 cents, or 0.78%, to $1.5591 a gallon. Diesel futures rose 1.02 cents, or 0.62%, to $1.6581 a gallon.

--Jenny W. Hsu and Dan Molinski contributed to this article.

Write to Alison Sider at [e-mail] and Neanda Salvaterra at [e-mail]



(END) Dow Jones Newswires

December 02, 2016 15:50 ET (20:50 GMT)

[waldron] 03/12/2016 00:06

thanks for the info grumpies and guys

enjoy your weekend

[pvb] 02/12/2016 20:33

Royal Dutch Shell plc Third Quarter 2016 Euro and GBP Equivalent Dividend Payments

What is wrong with just providing the link, along with a comment if desired. Why does the entire news release itself have to be reproduced on here?

[the grumpy old men] 02/12/2016 19:54

Royal Dutch Shell plc Third Quarter 2016 Euro and GBP Equivalent Dividend Payments

News provided by
Royal Dutch Shell plc

Dec 02, 2016, 12:31 ET

Share this article

THE HAGUE, Netherlands, December 2, 2016 /PRNewswire/ --

The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A) (NYSE: RDS.B) today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2016 interim dividend, which was announced on November 1, 2016 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share").

Dividends on A Shares will be paid, by default, in euro at the rate of €0.4413 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by November 25, 2016 will be entitled to a dividend of 37.16p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 37.16p per B Share. Holders of B Shares who have validly submitted euro currency elections by November 25, 2016 will be entitled to a dividend of €0.4413 per B Share.

This dividend will be payable on December 16, 2016 to those members whose names were on the Register of Members on November 11, 2016.

Taxation - cash dividend

Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016 (which will be formalized in law), and depending on their particular circumstances, non-Dutch shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax.

Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit has been abolished, and a new tax free dividend allowance of £5,000 introduced. Dividend income in excess of the allowance will be taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.

If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.

[ariane] 02/12/2016 08:22

Royal Dutch Shell PLC (RDSA) said it was reducing feeds and preparing to shut down a catalytic reforming unit at its Deer Park refinery near Houston so it can make a repair.

In a statement to the Texas Commission on Environmental Quality, the refinery said a leaky valve sprung Wednesday in its catalytic reforming unit 3, causing emissions that continued into Thursday.

"Pressure and feed are being reduced to the unit in order to minimize emissions and prepare for unit shutdown to repair or replace valve," it said.

Shell Deer Park is on the Houston Ship Channel, 20 miles east of downtown Houston. The refinery has a crude-oil capacity of about 340,000 barrels a day.



Write to Dan Molinski at [e-mail]



(END) Dow Jones Newswires

December 01, 2016 23:26 ET (04:26 GMT)

[ariane] 30/11/2016 18:47

Pounds sterling and euro equivalents announcement date December 2, 2016

Payment
date
December 16, 2016

[sellingtops] 30/11/2016 12:42

The OPEC saga is still going on an I thought this would be a good chance to check the levels in the Co.

As you can see on the 4HR the chart is pretty bullish an may test the prev. value area of 2075 after breaking through the 2039 resistance level. Before reaching that target there is a downward trendline from the weekly chart that may cause some problems.

If the deal collapses then the supports of 1956.17 and 1929.80 will be in focus.
hxxps://uk.tradingview.com/chart/RDSA/6EuGQvmc-Shell-RDSA-LN-during-OPEC-saga/

[the grumpy old men] 26/11/2016 09:03

No Drop In Demand For Oil Over Next Decade, Says OPEC
By
Lisa Smith -
November 26, 2016
Oil Cash

The world is going to guzzle even more oil, according to the latest five-year market outlook from the Organisation of Petroleum Exporting Countries (OPEC).

This is a U-turn from last year’s report which bemoaned a drop in demand.

OPEC reckons that businesses and consumers will want an extra million barrels a day by 2020, pushing demand up to 33.7 million barrels a day.

OPEC supplies around a third of the world’s oil. The organisation is a trade body for countries such as the Gulf States, African oil producers and others around the world, such as Venezuela.

The key oil big producers of the US and Russia are not represented by OPEC.
Modest increase in output

The increase in demand is modest – only 300,000 or so barrels a day than OPEC is pumping out of the ground today.

And the report predicts no growth until at least 2021.

OPEC refused to cut production as the price of oil slumped from more than $100 a barrel two years ago to around $48 a barrel today.

The move has triggered a glut, with oil stored in tankers taken out of mothballs as OPEC tried to muscle shale oil in the US and Canada out of the market.

OPEC also reports that demand for oil is expected to reach a peak in 2030 at 6.73 million barrels a day – well up from the 2015 forecast of 5.61 million barrels a day.
Demand to peak before supply

The research also predicts the OPEC share of the market will increase over the next decade as shale oil becomes too expensive to compete and drops out of contention.

The report also expects the price of oil to rise to around $60 a barrel by the end of 2020

However producer BP reckons demand will peak before supply due to efforts to bring more nuclear power online and an increase in supplies of natural gas and renewable energy.

“While the recent oil market environment has been one of oversupply, it is vital that the industry ensures that a lack of investments today does not lead to a shortage of supply in the future,” said OPEC Secretary-General Mohammed Barkindo.

[la forge] 19/11/2016 20:42

Emily Gosden, Energy Editor

19 November 2016 • 7:36pm

Royal Dutch Shell is facing a High Court battle over alleged environmental damage from its oil pipelines in Nigeria, in a test case that could open the floodgates to more multinationals being sued in London courts.

The oil giant and its subsidiary, the Shell Petroleum Development Company of Nigeria (SPDC), are both being sued by two Nigerian communities, who are seeking about £100m in compensation after suffering repeated oil spills they claim came from SPDC pipelines in the Niger Delta.

A four-day hearing this week is due to consider whether the claims, brought by law firm Leigh Day on behalf of the Bille and Ogale communities, can be heard in the UK, where Royal Dutch Shell is incorporated.

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Shell has long faced criticism over its record in the Niger Delta, which has been ravaged by oil spills. The Anglo-Dutch energy giant has blamed sabotage and theft for much of the damage.
A Shell worker in Nigeria
A Shell worker in Nigeria Credit: AP

Two key points of dispute in this week’s hearing centre on what responsibility Royal Dutch Shell has for the activities of its subsidiaries, and whether the affected communities could get access to justice in Nigeria.

Leigh Day argues that Royal Dutch Shell exercises substantial control over SPDC, and has a duty to ensure that its operations do not result in pollution. It also suggests the Nigerian legal system is too fraught with difficulties to deliver justice.

But Shell counters that “allegations concerning Nigerian plaintiffs in dispute with a Nigerian company, over issues which took place in Nigeria, should be heard in Nigeria”.

It argues that Royal Dutch Shell is “an Anglo-Dutch-domiciled holding company without any employees” and a separate legal entity that should not be held liable for all the activities of more than 1,000 subsidiary companies worldwide.
Creeks and vegetations devastated as a result of spills in the Niger Delta
Creeks and vegetations devastated as a result of spills in the Niger Delta Credit: AFP

It is understood Shell will claim that allowing the Nigerians’ case against Royal Dutch Shell to proceed in the UK will open the floodgates to a wave of litigation against it and other multinationals. It is also expected to argue that any ruling that justice cannot be done in Nigeria risks being a damaging colonialist judgment on the country’s legal system.

The court could take several months to issue its verdict.

If it rules that the claims can proceed in London, the case itself would then test whether Shell can be held responsible for spills caused by sabotage to its pipelines, rather than by its own operational mistakes.

Leigh Day is arguing that Shell should be liable for failing to adequately protect its pipelines to prevent criminal damage. Daniel Leader, partner at the law firm, said: “It is clear to the claimants that Royal Dutch Shell is ultimately responsible for failing to ensure that its Nigerian subsidiary operates without causing environmental devastation.”

A spokesman for SPDC said: “Both Bille and Ogale are areas heavily impacted by crude oil theft, pipeline sabotage and illegal refining which remain the main sources of pollution across the Niger Delta.

“We are contesting the jurisdiction of the English court over these claims.”

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