Shell Share Discussion Threads

[the white house] 26/12/2017 17:20

Libya pipeline explosion pushes Brent north of $66.5, good news....(as long as Shell not involved!?)

[garycook] 26/12/2017 02:25

Shell, Will take over Centrica also.No doubt about it, at the current share price level of CNA.

[the grumpy old men] 25/12/2017 16:12

Shell’s Latest Acquisition Is Big News For UK Utilities
By City A.M - Dec 25, 2017, 10:00 AM CST Shell

Royal Dutch Shell is preparing to take on the UK's Big Six energy suppliers after it announced today it would buy First Utility, a leading challenger firm.

The move represents an expansion of Shell's energy supply business from commercial and industrial customers to the residential sector.

First Utility co-founder and chief financial officer Darren Braham said the acquisition will allow the firm to develop more innovative new services for its customers, including capitalising "on all the opportunities provided by digitalisation, decarbonisation and the move to battery technology and electric vehicles".

Shell's executive vice president of new energies, Mark Gainsborough, said the company's move into Britain's household energy market would improve choice for customers.

"The supply and demand of residential energy is rapidly changing, driven by new technologies that enable householders to better manage their energy use, and the need for a low-carbon energy system," he said.

“We believe that the time is right to build upon our strong relationship with First Utility by investing to grow its business."

First Utility, which serves around 825,000 homes in the UK, began a wholesale energy trading partnership with Shell in 2013, and in 2015 it signed a licensing agreement with Shell that allowed it to operate in the German household energy sector under Shell's brand.

Shell Energy Europe Limited (SEEL), Shell's European gas and power marketing and trading business, will continue to supply wholesale gas and electricity to energy retailers in the UK and Europe, including First Utility, and First Utility will operate as a stand-alone entity and subsidiary of Shell within its new energies division, the companies said.

The deal, which was announced for an undisclosed sum, is expected to complete in early 2018.

It comes amid government plans to cap energy prices, which critics have said could reduce competition and investment in the sector.

Shell's shares rose 1.6 per cent to 2,470.97p after the announcement.

By CityAM

More Top Reads From Oilprice.com:

[fjgooner] 24/12/2017 23:30

Happy Christmas to the Shell investment community.

I have immense confidence for the year (and years) ahead for our chosen investment.

May health and happiness accompany this progression with you through 2018.

All the best,

FJ
:)

[ariane] 24/12/2017 11:08

Kuwait Petroleum Corp inks LNG import deal with Royal Dutch Shell
The sales purchasing agreement will start in 2020
By Bloomberg





















Sun 24 Dec 2017 02:43 PM

Kuwait Petroleum Corp. signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand.

The sales purchasing agreement with Shell International Trading Middle East Ltd. will start in 2020, the companies said Sunday in an emailed statement. Shell has supplied Kuwait with the super-cooled fuel since 2010 and declined to say how much gas is covered under the new contract. While KPC is working to boost local natural gas production.

Kuwait has a “pressing requirement” to secure natural gas supplies in the meantime, they said.

LNG could help meet Kuwait’s domestic demand for power to run air conditioners during hot summer months and cut the amount of crude oil burned instead of exported for profit. The contract will cover 2 million to 3 million cubic meters of gas a year, priced at 11 percent below a Brent benchmark, a person familiar said, asking not to be identified because terms of the deal are private.

“The big issue for Kuwait is they burn a lot of oil, most of their power generated is from oil, and so importing LNG for them is cheaper and frees up oil for export,” Robin Mills, chief executive officer of Dubai-based Qamar Energy, said by phone.

Kuwait wants cleaner burning energy sources such as natural gas to reduce emissions and improve air quality, according to the Shell and KPC statement.

[waldron] 24/12/2017 09:06

WHATA LOTTA DEM DARE BOSSES GOTTA


MERRY CHRISTMAS EVE

[waldron] 23/12/2017 11:58

CHEERS HOGGY

ENJOY AND TAKE CARE

[2hoggy] 23/12/2017 11:45

Is there such a thing as clean energy?

Just think about it??

Happy xmas to all and hopefully a peaceful new year...

[waldron] 22/12/2017 19:23

Royal Dutch Shell just bought an electric utility. I wonder why...

Sami Grover

Sami Grover (@samigrover)
Energy / Fossil Fuels
December 22, 2017


Could it be that oil is not the energy commodity of the future?

From the Tesla Semi to the very real prospect of electric commercial flight, we talk a lot about the electrification of everything here on TreeHugger.

Given that this electrification must go hand in hand with a transition to 100% low carbon electricity, it's fair to say that this might not be an entirely rosy prospect for oil companies.

But while these giants will no doubt try to delay where they can, there are signs that they might also try to adapt. Recently, for example, Royal Dutch Shell—Europe's largest oil company—decided to buy Europe's largest electric vehicle charging network. And now Business Green reports that they are also buying their very first electric utility. This seems to me like a promising sign that Shell doesn't necessarily see its long-term future in fossil fuels, at least not exclusively.

True, with "only" 825,000 customers in the UK, First Utility is not exactly a giant in the electricity sector. But it is not a trivial player either. Given that BP also just made a $200 million bet on solar, there's reason to be cautiously optimistic that the forces that have for so long held us back might actually take a step or two toward moving us forward.

I'm not naive enough to assume that their interest in—or advocacy for—fossil fuels will disappear. But these moves do represent yet another shift in the balance of power between clean and dirty energy.
Related on TreeHugger.com:

[buywell3] 22/12/2017 17:47

SHELL now diversifying more and more into car related electric purchase of companies

[waldron] 22/12/2017 15:30

Shell A
2,452.5 -0.10%



Shell B
2,471.5 +0.06%

SO THE WEEK CLOSES JUST UNDER THE 2475p resistence

volumes fairly normal but premium reduced to 19p with it being 16p for an instance


next wednesday 27th thru to end of week should be interesting

ENJOY THE FESTIVITIES ONE AND ALL

[patdavey] 22/12/2017 01:37

"Oil giant Shell will soon begin supplying lighting and heat to British homes through a major deal to buy the biggest energy supply rival to the 'big six' utilities."

[waldron] 21/12/2017 19:22

Big Oil, Big Money: Why Chevron, Exxon, Royal Dutch Shell Look Appealing
By
Teresa Rivas
Dec. 21, 2017 11:43 a.m. ET

Big oil stocks are trending higher on Thursday, helped by upbeat analyst reports.
Big Oil, Big Money: Why Chevron, Exxon, Royal Dutch Shell Look Appealing
Illustration: Getty Images

Cowen & Co.'s Sam Margolin and Jason Gabelman reiterated an Outperform rating on Chevron (CVX) and raised their price target to $160 from $122. They write that they see momentum for the stock thanks to accelerating Permian metrics and cash flow reaching an inflection.

Moreover, while Chevron is a global company, they argue that it's still a relatively simple story that's gotten too cheap, especially considering its long history of dividend payouts.

More detail from the note:

CVX has been a two part story: 1) A rapidly balancing FCF profile (from the IOC group's largest funding gap to the dividend in 2015), largely on Australian lng start ups; and 2) pull forward of Permian asset value on operational execution in the segment. We see progress along those fronts in 2018 accelerating, and it should be relatively easy for investors to keep track of the data outcomes that can drive the stock directionally. With metrics trending in the right direction, the ultimate valuation of the stock, in our view, can be underpinned by 30 year averages in key cash-based metrics, specifically dividend yield relative to the S&P, and P/FCF, calculated by CFFO less consolidated capex, before asset sales. Importantly, we see the Permian segment, which currently consumes cash and does therefore not contribute to these valuation metrics directly, as still complementary to an FCF approach, as base-plus-Permian spending supports overall production and reserve stability, supporting the stock against its long term valuation drivers.

Elsewhere, Scotia Howard Weil upgraded Royal Dutch Shell (RDS.A) from Sector Perform to Outperform, and added Exxon Mobil (XOM) to its Focus Stock List.

Chevron is trading up 2% at recent check, while Exxon and Royal Dutch Shell were both gaining more than 1%. The Energy Select Sector SPDR (XLE) is up 1.7% and after recent gains in the group is only down 5% year to date.

Please sign up to comment on Barron's blogs.

[waldron] 21/12/2017 19:05

Shell A
2,455 +1.85%



Shell B
2,470 +1.56%

INTERESTING

PREMIUM ON B LOWEST EVER

MOVING TOWARDS THE TOP OF THE BOX

VOLUMES SLIGHTLY BELOW NORMAL

[chiefbrody] 21/12/2017 18:21

Nice juicy dividend (auto reinvested) today.

[2hoggy] 21/12/2017 18:06

There having a laugh are they not?

[waldron] 21/12/2017 17:44

A FINAL DECISION APPARENTLY WILL TAKE YEARS

[waldron] 21/12/2017 17:38

Oil & Gas
21st December 2017

Eni and Shell to face Nigeria bribery charges

Article by Helen Tunnicliffe
Eni CEO Claudio Descalzi is among those who will face trial (Eni)

AN Italian judge has ruled that Shell and Eni must face charges of aggravated international corruption over their purchase of the OPL 245 oil block in Nigeria.

In 2011, Shell and Italian firm Eni paid US$1.3bn to buy OPL 245. The money should have gone to the Nigerian government, however, it later became apparent that the money ended up with a company called Malabu Oil and Gas, owned by the then Nigerian oil minister Dan Etete, and used to pay bribes. Eni and Shell both initially denied knowing that the money would go to Etete, but after anti-corruption charities Finance Uncovered and Global Witness published leaked emails in April, Shell admitted that it did know the money would go to Etete. Shell and Eni are still under investigation in the Netherlands and Nigeria over the deal.

Several Eni and Shell employees have been ordered to stand trial with the companies by the judge, Mrs Justice Barbara. These include Eni CEO Claudio Descalzi, former Eni CEO Paolo Scaroni, Eni chief operations and technology officer Roberto Casula, and Shell’s former executive director for upstream international Malcolm Brinded. The case will begin in Milan on 5 March 2018.

Both companies deny any wrongdoing in the purchase of OPL 245.

“Eni’s board of directors has reaffirmed its confidence that the company was not involved in alleged corrupt activities in relation to the transaction,” Eni said in a statement, adding: “The board of directors also confirmed its full confidence that chief executive Claudio Descalzi was not involved in the alleged illegal conduct and, more broadly, in his role as head of the company. Eni expresses its full confidence in the judicial process and that the trial will ascertain and confirm the correctness and integrity of its conduct.”

Shell said in a brief statement that it is “disappointed” by the judge’s decision.

“We believe the trial judges will conclude that there is no case against Shell or its former employees,” it said. “Shell attaches the greatest importance to business integrity. It’s one of our core values and is a central tenet of the business principles that govern the way we do business. Shell has clear rules on anti-bribery and corruption and these are included in our code of conduct for all staff. There is no place for bribery or corruption in our company.”

Global Witness, which alongside several other NGOs filed the complaint in 2013 against the two companies which prompted the investigation, welcomed the news.

“The Nigerian people lost out on over US$1bn, equivalent to the country’s entire health budget, as a result of this corrupt deal. They deserve to know the truth about what happened to their missing millions. We welcome the prosecutor’s efforts to bring this case to trial. It will be the biggest corporate bribery trial in history, and act as a warning to others who see corruption as a route for quick financial wins,” said Simon Taylor, co-founder of Global Witness.

Article by Helen Tunnicliffe

Senior reporter, The Chemical Engineer