Shell Share Discussion Threads

[waldron] 04/2/2019 17:09

FTSE 100
7,034.13 +0.20%
Dow Jones
25,062.13 -0.01%
CAC 40
5,000.19 -0.38%

Brent Crude Oil NYMEX 62.18 -0.91%
Gasoline NYMEX 1.43 -0.41%
Natural Gas NYMEX 2.67 -2.45%


WTI (WTI)
- 04/02 17:45:00
54.05 USD -2.08%



Eni
14.786 +0.09%


Total
48.09 -0.25%

Engie
13.935 -1.10%

Orange
13.465 -0.96%



BP
520.1 -0.27%


Shell A
2,413 +1.22%

Shell B
2,431 +1.95%

[florenceorbis] 04/2/2019 14:11

TARGETS ACCORDING TO thisismoney



RDSA JP Morgan Cazenove Overweight 2,700.00 - Reiterates

PLUS PREMIUM FOR B SHARES

[florenceorbis] 04/2/2019 13:04

Oil Testing Major Resistance

Oil is responding very differently to the jobs report it would seem, perhaps an indication of the bullish sentiment in the market. WTI and Brent surged in the aftermath of the jobs report and were further aided by the oil rig data, which showed a further 15 rigs going offline, continuing the trend since November. We’re now seeing both testing major resistance around $55 and $65, respectively, a break of which could be very bullish.

[adrian j boris] 04/2/2019 11:22

Shipowners urged to hedge against oil price spike
Many shipowners are still in denial about the imminent market shock as the IMO’s low-sulphur rules take effect in January 1, 2020, say Enerjen founders. But the clock is ticking, as the switch to cleaner fuel will need to happen in the fourth quarter and hedging against the risk of a massive oil price hike should begin almost straightaway

03 Feb 2019
Analysis

Janet Porter
Janet Porter @JanetPorter_LL [e-mail]

Shipping industry faces $100bn hit in worst-case scenario during the switch to low-sulphur fuels, say Enerjen Capital founders

[adrian j boris] 04/2/2019 11:11

lol there you go repeating yourself again monty ,it must atleast be once a week

repetitive actions are ideal for robots



A chart is only but one tool in a our investment kit

it should be borne in mind that the market is run at 80pc algos apparently
and these little AI robots base their buys and sells on graphs and charts,puts and calls not to mention volumes and news flow etc etc etc

[montyhedge] 04/2/2019 11:00

Take no notice of charts, your never hear of a rich chartist.

[adrian j boris] 04/2/2019 10:42

OPEC likely looking to keep oil price between $60 and $70, analyst says
2 Hours Ago

Christyan Malek, head of EMEA oil and gas research at J.P. Morgan, discusses his outlook for the oil market after OPEC supply fell to its lowest in two years.

[jon123] 04/2/2019 10:21

yes if you like or believe in chart patterns a W is forming target price 2700

[grupo] 04/2/2019 09:58

sarkasm
2 Feb '19 - 17:15 - 4922 of 4940
0 1 0
Have decided to bring silly chance predictions to the BB

TARGET PRICE WITHIN 3 MONTHS 2765p


Moving up nicely,only need now a 14pc approx move up


Shell B
2,424 +1.66%

and what with BP reporting tomorrow and TOTAL REPORTING THURSDAY
it should an exciting week for all oil and gas majors

[montyhedge] 04/2/2019 09:17

Worked out perfectly called it right from 2236p, not no.1 trader for nothing.

[grupo] 04/2/2019 09:14

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (February 2, 2019).

HOUSTON -- The world's largest Western oil companies shrugged off a 38% plunge in oil prices during the final months of 2018 to post some of their biggest annual profits in years.

Strong fourth-quarter earnings Friday by Exxon Mobil Corp. and Chevron Corp., following similar results by Royal Dutch Shell PLC on Thursday, proved the extent to which the oil giants have transformed amid lower crude prices.

The top five generated more profits last year, when crude prices averaged just $71 a barrel, than in 2014, when global crude sold for an average of almost $100 a barrel.

Including estimates for BP PLC and Total SA, which report next week, they are set to post 2018 profits of about $84 billion, according to FactSet data. That is about $10 billion more than four years ago.

The companies are seeing benefits from a more disciplined strategy focused on returns and profitability over growing production, a demand from many investors who have been disappointed by lackluster performance in recent years. Exxon and Chevron stock prices rallied by more than 3%. Shell's U.S.-denominated shares rose by more than 4% Thursday, the most in three months Chevron's board authorized a $25 billion share repurchase program after the company bought back $1 billion in stock in the fourth quarter, a signal to investors that returns continue to be a top priority.

Collectively, the companies have restructured their businesses, sold off assets and positioned themselves to thrive even when crude prices swing up and down wildly.

Exxon, Chevron, BP and Shell are also turning to U.S. shale drilling in the booming Permian Basin in West Texas and New Mexico, where it is possible to increase production without a multibillion-dollar project that could take at least a decade to make money.

Despite the fall in prices at the end of the fourth quarter, Exxon still generated $6 billion in net income in the period -- lower than the year before, which was boosted by the U.S. tax overhaul, but still better than analysts had expected. Chevron said net income was $3.73 billion, up 19% from the same time a year ago.

"These companies have figured out how to operate in this new environment, and they have adjusted well" to lower prices, said Brian Youngberg, an analyst at Edward Jones in St. Louis.

"The key going forward will be maintaining discipline. This is now a low-growth industry, so you've got to invest well," he added.

Exxon and Chevron stock prices rallied by more than 3%. Shell's U.S.-denominated shares rose by more than 4% Thursday, the most in three months. Chevron's board authorized a $25 billion share repurchase program after the company bought back $1 billion in stock in the fourth quarter, a signal to investors that returns continue to be a top priority.

Shell, Exxon and Chevron shares have rallied. Chevron's board authorized a $25 billion share repurchase program, signaling to investors that returns continue to be a priority.

On Thursday, Shell said it nearly doubled profits in 2018 from the previous year, posting net income of about $23 billion.

Production at Exxon rose above 4 million barrels a day of oil and gas for the first time since early 2017.

Exxon Chief Executive Darren Woods has embarked on a $230 billion plan to revitalize the oil giant, targeting drilling opportunities around the world that he has said are the most attractive he's seen in decades. Those include shale wells in West Texas, natural gas export facilities in Papua New Guinea, a string of giant discoveries in the South American nation of Guyana and developments in Mozambique and Brazil.

While many analysts consider those projects to be extremely attractive, they aren't set to pay off in a big way for a few more years.

Exxon's shares fell about 15% in 2018, including dividends, the worst performance for the company in at least 20 years, according to FactSet data.

Mr. Woods said the company's ability to produce massive amounts of oil and gas while also having the logistics and refining capability to process barrels into fuel and other products was a critical bulwark in 2018.

"The price environment in 2018 was unpredictable, which once again demonstrated the value of our integrated business model," Mr. Woods said. That vertical integration "allowed us to avoid the impact of market dislocations and thus capture the full value of our barrels," he added.

Mr. Woods also signaled that Exxon is set to step up asset sales in its exploration and production business, which he plans to reorganize into three new companies beginning in April.

The company recorded a $429 million impairment charge in the quarter, much of which was from assets in North America "with limited development potential." Total revenue and other income rose 8.1% to $72 billion.

Chevron Chief Executive Mike Wirth said the company has been in discussions with U.S. officials related to its operations in Venezuela and believes they will continue operating in a safe and stable way for the foreseeable future. Chevron was among the companies that received an exemption from U.S. sanctions imposed this week against Venezuela's oil industry.

The exemption is set to expire in later this year, but it is possible several companies may continue to receive waivers, according to analysts.

Chevron plans to continue buying back significant quantities of shares, and the company is set to purchase a Texas refinery. That will allow the company to step up how much light crude it can process as it ramps up production in the Permian Basin. Like Exxon, Chevron nearly doubled its output in the region in 2018.

"We continue to maintain our commitment to capital discipline," Mr. Wirth said. "We intend to win in any environment."

Total revenues at Chevron rose 13% to $42 billion, and production of oil and gas rose 7% to the equivalent of 2.93 million barrels a day.

Excluding asset sales, the company said it expects production to grow by 4% to 7% in 2019.

Allison Prang and Kimberly Chin contributed to this article.

Write to Bradley Olson at [e-mail]



(END) Dow Jones Newswires

February 02, 2019 02:47 ET (07:47 GMT)

[waldron] 04/2/2019 07:39

Gold Prices May Fall Further as US Data Shifts Fed Policy Outlook
Feb 4, 2019 6:30 am +01:00
Ilya Spivak

by Ilya Spivak , Sr. Currency Strategist
GOLD & CRUDE OIL TALKING POINTS:

Gold prices fall as US payrolls, ISM data boost yields and USD
Crude oil prices rise on biggest OPEC output drop in two years
US durables, factory orders data may bode ill for commodities

Gold prices fell Friday as January’s unexpectedly strong US jobs and manufacturing ISM data sent yields higher alongside the Dollar, undercutting the appeal of non-interest-bearing and anti-fiat assets. Crude oil prices rose as evidence of the US economy’s resilience lifted risk appetite. The upswing was sustained even as investors’ mood soured later in the day on news of the largest OPEC output drop in 2 years.
COMMODITIES MAY FALL ON US DURABLE GOODS, FACTORY ORDERS DATA

Looking ahead, data on US durable goods and factory orders enters the spotlight. While both releases are now somewhat dated having been delayed by the US government shutdown, they may nonetheless inform broader growth and Fed policy bets. Improvements are expected on both fronts and US news-flow’s recent outperformance relative to forecasts hints the results may be rosier still.

If Friday’s price dynamics are sustained, upbeat US economic data has scope to weigh on gold as investors’ baseline projection for the path of US interest rates moves to a less dovish setting along the expected policy spectrum. Crude oil may falter however as worries about inadequate monetary support continue to overshadow signs of economic strength.

Learn what other traders’ gold buy/sell decisions say about the price trend!
GOLD TECHNICAL ANALYSIS

Gold prices edged lower after putting in a Shooting Star candlestick on a test of chart inflection point resistance at 1323.60. From here, a push through the dense support layer underpinned by a rising trend line at 1287.98 initially exposes the range floor at 1276.50. Alternatively, a break above 1323.60 targets a pivotal top in the 1357.50-66.06 region.
Chart of Gold Prices (Daily)CRUDE OIL TECHNICAL ANALYSIS

Crude oil prices pushed through resistance in the 54.51-81 area, opening the door for a test of the 57.96-59.05 region next. A further push beyond that targets the underside of former trend line support, now at 61.15. Alternatively, a move back below 54.51 initially exposes the 49.41-50.15 zone.

[montyhedge] 03/2/2019 15:07

Come on now who's the no.1 trader and called this spot on.

[waldron] 03/2/2019 14:24

Saudi Aramco and Air Products to build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia
Expected to be operational in Q2 2019, the hydrogen refueling station will be located within the grounds of Air Products' Technology Center in the Dhahran Techno Valley Science Park
Fuell cell, Hydrogen, Air Products, Saudi aramco, Saudi Arabia, Alternative fuel, Fuel station
default image
PMV Staff
Feb 03, 2019
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Saudi Aramco and Air Products have signed an agreement to jointly-build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia. The hydrogen refueling station is expected to be operational in the second quarter of 2019.

The hydrogen refueling station will be located within the grounds of Air Products' Technology Center in the Dhahran Techno Valley Science Park.

The collaboration between the two companies will combine Air Products’ technological know-how and experience in the field of hydrogen with Saudi Aramco’s industrial experience, facilities and R&D capabilities. Saudi Aramco and Air Products will establish a pilot fleet of fuel cell vehicles for which high-purity compressed hydrogen will be dispensed at the new fueling station.

Air Products’ proprietary SmartFuel hydrogen fueling technology will be incorporated into the new station to supply the vehicles with compressed hydrogen. The collected data during this pilot phase of the project will provide valuable information for the assessment of future applications of this emerging transport technology in the local environment.

Toyota Motor Corporation will supply Toyota Mirai Fuel Cell Vehicles for testing in this pilot project. Toyota has been investing in hydrogen for over 20 years and in 2014 introduced the Mirai, its first mass-produced hydrogen fuel cell vehicle. The Mirai is a zero-emission vehicle which runs on compressed hydrogen gas and only emits water. The car is powered through a fuel cell which creates electricity by combining oxygen from air with hydrogen from the fuel tank. Toyota has long maintained that hydrogen fuel cell technology can offer a sustainable zero emission solution across a broad spectrum of vehicle types.

Ahmad O. Al Khowaiter, CTO, Saudi Aramco, said: “Hydrogen fuel cells offer an effective means for the electrification of transport while maintaining easy, 5 minute refueling and long driving ranges. The use of hydrogen derived from oil or gas to power fuel cell electric vehicles represents an exciting opportunity to expand the use of oil in clean transport."

Dr. Samir Serhan, executive vice president, Air Products, said: “We are honored to work on another venture with Saudi Aramco to establish and develop a sustainable hydrocarbon-based hydrogen supply system for pilot demonstration of a fuel cell vehicle fleet in Saudi Arabia. It further illustrates our commitment to the Kingdom’s 2030 vision.”

[waldron] 03/2/2019 13:35

CHEERS Sogoesit

so in other words nothing like the goings on in the the oil patch in the forseeable future


i guess that as we move towards a natural gas world, trump tweets will have less relevence nor be subject to
cartel influences