Shell Share Discussion Threads

[waldron] 20/6/2018 18:04

Total
51.25 -1.04%


Engie
13.25 +0.38%

Orange
14.36 -0.62%


FTSE 100
7,627.4 +0.31%
Dow Jones
24,685.13 -0.06%
CAC 40
5,372.31 -0.34%


Brent Crude Oil NYMEX 74.33 -0.92%
Gasoline NYMEX 2.00 -1.19%
Natural Gas NYMEX 2.96 +1.37%


BP
564.4 -1.10%



Shell A
2,538.5 -0.90%


Shell B
2,645 -0.64%

PREMIUM SURPRIZE AT 106.50p

[sarkasm] 20/6/2018 14:41

Royal Dutch Shell PLC (RDSB.LN) said Wednesday that it is selling two of its Norwegian oilfield interests to OKEA AS for $556 million, as part of the company's plan to simplify its portfolio.

Shell is selling its 44.56% interest in Draugen and 12% in Gjoa, both in Norway, through its affiliate AS Norske Shell.

The oil major said the sales are part of the company's global $30 billion divestment program. It expects the deal to complete in the fourth quarter of this year and have an effective date of Jan. 1, 2018.

Shell's share of the assets' production was 25,000 barrels of oil equivalent a day in 2017, or 14% of its Norwegian production in 2017, the company said.

Shell said it could pay a further $46 million to OKEA after decomissioning the assets.

The multinational reiterated that it remains committed to Norway, operating Ormen Lange and Knarr, and partnering in Troll, Valemon and Kvitebjorn. In addition, Shell is drilling two exploration wells on the Norwegian continental shelf this year.



Write to Ian Walker at [e-mail]; @IanWalk40289749



(END) Dow Jones Newswires

June 20, 2018 07:59 ET (11:59 GMT)

[waldron] 20/6/2018 09:45

Shell said today that it had completed the sale of its 15% shareholding in Malaysia LNG Tiga (MLNG Tiga) for $750 million.

The Anglo-Dutch energy giant offloaded the stake to the Sarawak State Financial Secretary (SFS), which now has a 25% interest in MLNG Tiga overall.

The other shareholders of MLNG Tiga are Petronas, with 60% equity, Nippon Oil Finance, with 10%, and Mitsubishi Corporation, with 5%.

Shell said the sale was part of its $30 billion divestment programme, aimed at balancing the books following its acquisition of BG Group.

A Shell spokesman said: “Completion of this sale demonstrates the clear momentum behind Shell’s delivery of its global divestment programme.

“Shell continues to have a strong business in Malaysia and remains committed to the country.”

[waldron] 19/6/2018 17:17

Total
51.79 -0.84%

Engie
13.2 -0.38%

Orange
14.45 -0.31%


FTSE 100
7,603.85 -0.36%
Dow Jones
24,686.88 -1.20%
CAC 40
5,390.63 -1.10%



Brent Crude Oil NYMEX 74.92 -0.58%
Gasoline NYMEX 2.03 -0.64%
Natural Gas NYMEX 2.90 -1.86%



BP
570.7 -0.19%

Shell A
2,561.5 +0.10%


Shell B
2,662 +0.09%

[waldron] 19/6/2018 07:29

chuckle

perhaps its more Dutch than Anglo these days,much like UNILEVER


SEEM TO ME TO BE A POLITICAL PLAY AS VOTE COMING UP THIS YEAR TO DO AWAY WITH WITHHOLDING TAXES TOGETHERWITH HAVING A UNIFORM TAX SYSTEM THROUGHOUT EUROPE

HAVE A GREAT DAY

A BEAUTIFUL SUNNY MORNING HERE AND STILL PLEASANTLY COOL

BREAKFAST ON THE GARDEN TERRACE THIS MORNING AGAIN

[waldron] 18/6/2018 19:50

PRESS: Shell Disputes EUR7 Billion Lost Tax Claim - Guardian
Mon, 18th Jun 2018 19:38


LONDON (Alliance News) - Royal Dutch Shell PLC has "hit back" against claims regarding its relocation from London to the Netherlands, which resulted in a EUR7 billion loss of income to the Dutch treasury, the Guardian reported on Monday.

Dutch newspaper Trouw claimed that the British-Dutch multinational oil & gas company's Dutch tax authority agreement conflicted with EU rules and that Shell owes "as much as EUR7 billion" in taxes.

"I am astonished about the way we are portrayed in Trouw. This is tendentious. The fact that our headquarters is in the Netherlands …; has been very good for the Dutch treasury," Shell Nederland President Director Marjan van Loon said in a statement.

The Netherlands has a dividend withholding tax and Shell created an A/B share structure when it relocated to "protect its UK based shareholders" according to the Guardian.

As part of Shell's headquarter merger in the Netherlands Dutch tax authorities exempted the UK based B shares from paying the withholding tax on dividends if payments were routed through Jersey.

"No tax is levied on dividends from B shares, provided that they are paid via the so-called dividend access mechanism," the company said in a statement.

"The right to levy dividend withholding tax on dividends paid to shareholders in the former British parent company has never existed in the Netherlands," it continued.

A Dutch MP told Trouw he would refer the case to Brussels.



By Anna Farley; [e-mail]

[fjgooner] 18/6/2018 18:16

Two lots of lovely cheap RDSB shares added today to my SIPP and ISA - many thanks to Mr Market for some more bargains.

Now just for England to score a win also and all will be well with the world.

Happy days,

FJ :)

[waldron] 18/6/2018 17:27

Total
52.23 -0.23%

Engie
13.25 -4.81%

Orange
14.495 -0.96%

FTSE 100
7,631.33 -0.03%
Dow Jones
24,917.64 -0.69%
CAC 40
5,450.48 -0.93%


Brent Crude Oil NYMEX 74.40 +1.82%
Gasoline NYMEX 2.04 +1.24%
Natural Gas NYMEX 2.96 -2.21%


BP
571.8 +1.20%

Shell A
2,559 +1.49

Shell B
2,659.5 +1.29%

[sarkasm] 18/6/2018 10:31

Shell facing €7bn bill for ‘anti-competitive’ tax avoidance deal Business Politics June 18, 2018 Photo: Depositphotos.com Oil giant Shell faces having to pay €7 billion in backdated taxes after an MEP said he would ask the European Commission to investigate its deal with the Dutch authorities. Paul Tang, leader of the Labour party’s (PvdA) group in the European Parliament, claimed the agreement was a clear breach of European rules on state aid for private companies. The deal dates back to 2005, when Shell, previously an Anglo-Dutch concern, merged its two branches to establish a single headquarters in The Hague. The Dutch tax office allowed the company to exempt its UK-based shareholders from paying dividend tax by routing payments through an offshore trust in Jersey. Tang said the tax service’s decision to approve the construction was similar to other officially sanctioned tax avoidance schemes, such as Apple’s deal with Ireland. ‘This is state aid, a tax construction solely intended to solve a problem for one company which other companies cannot take advantage of,’ he told Trouw. In 2016 the European Commission ordered Apple to pay €13 billion in back taxes after ruling that its agreement with the Irish tax service was anti-competitive. Around 40% of Shell’s shareholders are based in the UK. The remaining 60% are liable to pay dividend tax in the Netherlands. The current government has agreed to abolish dividend tax for foreign-based shareholders after being lobbied by Shell and Unilever during last year’s coalition negotiations. Last year online retailer Amazon was ordered to pay €250 million in tax to Luxembourg after it was found to have gained an unfair competitive advantage through its tax arrangements, while Starbucks’s deal with the Dutch tax authorities also fell foul of European regulations. The coffee chain, which has its European headquarters in Amsterdam, was told to pay €25.7 million. Apple, Amazon and Starbucks have all appealed against their respective rulings.

Read more at DutchNews.nl:

[sarkasm] 18/6/2018 09:52

LONDON (Aged-Dow Jones) - Large oil stocks are losing ground on Monday morning, as Brent oil prices tumble 0.5% to $ 73.04 due to fears of rising oil prices the production. The BP action drops 0.9% and Royal Dutch Shell's B shares fall by 0.5%, while the Organization of the Petroleum Exporting Countries (OPEC) is preparing to meet this week in Vienna. "The market is forecasting a reduction in production cuts, which will increase supply and put prices under pressure," say FXPro analysts. "The [OPEC] meeting could be confrontational because Saudi Arabia and Russia could support the proposal to increase production by 1.5 million barrels a day in order to maintain their market share."


-Philip Waller, Dow Jones Newswires (French version Aurélie Henri) ed: ECH




Agefi-Dow Jones The financial newswire


-0-


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


June 18, 2018 04:05 ET (08:05 GMT)

[sarkasm] 18/6/2018 09:07

dividend will be payable on June 18, 2018 to those members whose names
were on the Register of Members on May 11, 2018.

[waldron] 18/6/2018 06:45

THE ABOVE STORY WAS TRANSLATED FROM FRENCH

NO DOUBT A BETTER AND UPDATED VERSION SHELL B AVAILABLE DURING THE DAY

ENJOY YOUR DAY AND THIS EXCITING PIVOTAL WEEK

CHEERS

[2hoggy] 16/6/2018 23:03

Yes I do remember the history of its opening and the new world of cheap energy it was supposed to offer.

[grupo] 16/6/2018 23:01

Always a good excuse to reread historical facts to gain a nu and clear prospective

[2hoggy] 16/6/2018 22:53

Thankyou grupo..

[grupo] 16/6/2018 21:52

Calder Hall, United Kingdom – The world's first commercial nuclear power station. First connected to the national power grid on 27 August 1956 and officially opened by Queen Elizabeth II on 17 October 1956