Shell Share Discussion Threads

[waldron] 17/5/2019 07:51

European stocks set to open lower as trade fears linger
Published an hour ago
Elliot Smith
@ElliotSmithCNBC




Key Points

U.S. President Donald Trump’s bid to blacklist Huawei has further intensified trade tensions, while the Chinese ruling Communist Party’s newspaper has insisted the trade war will only make China stronger.
Reports suggest Brexit talks between British Prime Minister Theresa May and main opposition leader Jeremy Corbyn will end in stalemate, triggering a new process for parliamentary votes.

[waldron] 17/5/2019 07:37

Chuckle

good question





Resolution calling for Shell to set tougher emission targets in line with Paris climate agreement rejected at co's shareholders meeting

[ayl30] 17/5/2019 07:33

What was res22 ?

[waldron] 17/5/2019 07:32

17/05/2019 7:23am
PR Newswire (US)

Royal Dutch Shell (LSE:RDSB)
Intraday Stock Chart

Today : Friday 17 May 2019
Click Here for more Royal Dutch Shell Charts.

THE HAGUE, Netherlands, May 17, 2019 /PRNewswire/ -- Royal Dutch Shell plc's ("Shell") (NYSE: RDS.A) (NYSE: RDS.B) (Notice of Annual General Meeting ("AGM") on April 11, 2019 provided an update on Resolution 22, requisitioned by a group of shareholders coordinated by Follow This. Shell welcomed the announcement on April 7, 2019 by Follow This of its intention to withdraw the resolution. Follow This has now collected written support to request the withdrawal of the shareholder resolution from all of the shareholders who originally requisitioned the resolution. The Directors of Shell maintain that Resolution 22 is not in the best of interests of Shell and its shareholders as a whole and unanimously recommended that shareholders vote against Resolution 22. Accordingly, the Directors intend to propose the withdrawal of Resolution 22 from the agenda of the AGM at the beginning of the meeting.

[fjgooner] 17/5/2019 00:36

The World's 2000 Largest Public Companies

No.9. is Shell.

[grupo] 16/5/2019 17:31

No, The Oil Glut Hasn’t Disappeared
By Nick Cunningham - May 16, 2019, 11:00 AM CDT
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Global oil demand may be a bit lower this year than previously thought, weighed down by weaker consumption rates in emerging markets.

The International Energy Agency lowered its demand growth projection for 2019 by 90,000 barrels per day to 1.3 million barrels per day (mb/d). It also revised down its 2018 demand figure by 70,000 bpd to 1.2 mb/d.

In the first quarter, demand in Brazil, China, Japan, Korea, Nigeria, and elsewhere came in lower by about 410,000 bpd than the IEA previously expected. First quarter demand was up 640,000 bpd from the same period a year earlier, but that was down from last month’s forecast of a 1 mb/d year-on-year increase. Importantly, while non-OECD demand was up strongly, OECD demand actually contracted by 300,000 bpd in the first quarter, the second consecutive quarterly decrease.

The agency said that the dip is likely temporary, and demand should pick up over the course of the year. The first quarter may be chalked up to a “tough quarter rather than the start of a new trend,” the IEA said.

But the lower demand figure ultimately meant that the global oil market was in surplus in the first quarter by about 0.7 mb/d, a larger glut than expected.

“As we move through 2Q19, while there is considerable uncertainty on the supply side, it is highly likely that the implied balance will flip into an indicative deficit of about the same size,” the IEA said in its report. “Stocks in the OECD at the start of April have fallen back to the level seen in July in terms of days of forward cover and other stock indicators are pointing in the same direction.”
Related: Putin Could Cut His Loss As Venezuelan Oil Output Nosedives

But the U.S.-China trade war could complicate this rather sanguine outlook. The OECD estimates that last year’s round of tariffs shaved off a quarter percentage point from GDP in both countries. The latest increase in tariffs could double the impact to a half percentage point by 2020.

Another potential round of tariffs looms. Trump threatened to put levies on the remaining $300 billion or so of Chinese imports, which could happen in a few months if a deal is not reached. If that occurred, GDP would dip by three quarters of a percentage point and global trade would fall by 1 percent. “Needless to say, such a downward revision to GDP and trade growth would have negative implications for oil demand,” the IEA warned.
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On the supply side, the outlook is “confusing,221; the IEA conceded. Rapid declines in Venezuela and Iran combine with unrest in Libya and the sudden flare up of attacks in the Arabian Peninsula. The contamination issue related to Russian oil traveling through the 1.4 mb/d Druzhba pipeline will be resolved “in due course,” but it could result in a “loss of confidence in the quality” of the oil coming from Russia, which may “intensify price pressures for heavy/medium sour crude oil,” the IEA added.

Overall, global oil supply declined by 300,000 bpd in April to 99.3 mb/d, “led by losses in Canada, Kazakhstan, Azerbaijan and Iran,” the IEA said. However, production increases in Brazil, the U.S., and (surprisingly) in Libya and Nigeria mitigated the supply losses.

Related: New York Ditches Gas Pipeline Proposal Despite Soaring Electricity Bills

Some of the outages are related to maintenance, which should ease. In June, for instance, maintenance in the North Sea is expected to take some barrels offline for a period of time. However, even as these projects come back online and supply rebounds, the “pace of growth will ease further,” the IEA said.“A slowdown in drilling, lower capital allocations and faster base declines underpin our weaker growth projections for the US,” the IEA said. “Expansions in Canada, which averaged nearly 400 kb/d last year, have stalled and further declines are expected in the North Sea.” Higher spending in China could reverse losses, while production should grow in Brazil.

In total, non-OPEC supply growth is expected to reach 1.9 mb/d this year, down from 2.8 mb/d in 2018.

Putting it together, prices are largely trading at about the same levels as a month ago, but the one notable change is the shift in the futures curve. A steeper backwardation – in which near-term contracts trade at a premium to longer-dated futures – suggests tightness in the market. As the IEA notes, front-month oil futures are trading $3 per barrel higher than contracts six months out.

The end result is that the oil market is sending “mixed signals,” the IEA said. Weaker demand combined with supply outages and slowing but still significant production growth – it paints a confusing picture in which the market is tightening, but not overly so.

By Nick Cunningham of Oilprice.com

[waldron] 16/5/2019 17:15

FTSE 100
7,353.51 +0.78%
Dow Jones
25,929.89 +1.10%
CAC 40
5,448.11 +1.37%


Brent Crude Oil NYMEX 73.19 +1.98%
Gasoline NYMEX 2.03 +2.52%
Natural Gas NYMEX 2.64 +1.31%

(WTI) - 16/05 17:48:40
63.23 USD +1.64%


Eni
14.75 +1.60%


Total
48.605 +1.83%


Engie
13.82 +1.54%

Orange
13.78 +0.95%



Bp
549.7 +1.91%

Vodafone
124.86 -0.90%

Royal Dutch Shell
2,521.5 +0.10%


Royal Dutch Shell
2,531.5 +0.22%

SNUG IN THE 2475 to 2575P BOX

tomorrow should confirm trend

[skinny] 16/5/2019 16:25

Up on ex-dividend day as it stands.

[sarkasm] 16/5/2019 09:51

5/21/19 | 09:00am Annual General Meeting

[waldron] 16/5/2019 07:13

European stocks set to open lower as trade war escalates
Published 7 min ago
Elliot Smith
@ElliotSmithCNBC




Key Points

CNBC confirmed Wednesday that the U.S. plans to delay auto tariffs on European imports by up to six months, causing stocks to recover sharply in afternoon trade.
U.S. President Donald Trump has declared a national emergency over threats to U.S. technology in a renewed attack on Chinese telecoms company Huawei.

[waldron] 16/5/2019 05:46

Oil and gas firms comprise 9 of the top 50 ranked public companies on the Forbes Global 2000 list. The largest and most successful companies in the oil and gas business are a diverse mix from Europe, the United States, Asia and South America. Royal Dutch Shell (RDS) tops the list with ExxonMobil XOM +0% and Chevron CVX +0% just behind it. But the next ten firms on the list reveal the truly global nature of the oil and gas industry in the twenty-first century.

[ariane] 16/5/2019 00:28

cheers oilretire

balance of Anglo-Dutch power was 60:40 in favour of the Dutch.

[oilretire] 15/5/2019 21:13

On 20 July 2005, the unification of Royal Dutch Petroleum and Shell Transport and Trading took place. The result was the creation of a unified company called Royal Dutch Shell. The previous twin holding company structure had existed since 1907 and the balance of Anglo-Dutch power was 60:40 in favour of the Dutch. Once unification took place, the new company had two classes of shares - 'A' and 'B'.

There are now only a handful of companies left on the UK market with two or more classes of capital. Each class generally has different rights attached to them regarding their voting or conversion rights or preferential treatment in the payment of dividends. The recent trend has been to make life less complicated by enfranchising the different classes into one single class of capital. Two-tier structures were often created to allow family members to keep total control over the running of the company by issuing to the general public a second class of non-voting shares.

Royal Dutch Shell's 'A' and 'B' shares have identical rights attached to them and are both traded on the London Stock Exchange and Euronext Amsterdam. They also trade in the form of ADRs on the New York Stock Exchange. The only difference between the two classes is that 'A' shares have a Dutch source and 'B' a UK source. Dividends paid on Class 'A' ordinary shares have a Dutch source for tax purposes and are subject to a 15 per cent Dutch withholding tax. They are also generally paid in euros. Holders of 'B' shares are entitled to a UK tax credit and the dividend is paid in sterling - although the payout is based on what has been declared in euros, converted to sterling.

[the white house] 15/5/2019 20:43

Halfway through the Q then by my reckoning, give or take. If I recall correctly previous Q's profits were based on 64 bucks oil & we're looking ballpark 71 thus far unless we drop overnight to 57 for 6 weeks (unlikely) things look set fairIncidentally I must have missed the petrol station bit in my doorstep annual report so must reread. However I note elsewhere that Shell have 1,000 in China with swift plans to move to 2,000 and separately US spending was down last month in every sector apart from Petrol Stations. Oil/Petrol Not going away any time soon

[the white house] 15/5/2019 20:34

No, no I don't

[waldron] 15/5/2019 17:46

FTSE 100
7,296.95 +0.76%
Dow Jones
25,677.07 +0.57%
CAC 40
5,374.26 +0.62%


Brent Crude Oil NYMEX 71.99 +1.05%
Gasoline NYMEX 1.99 +1.97%
Natural Gas NYMEX 2.62 -1.58%

(WTI) - 15/05 18:13:04
62.08 USD +1.32%



Eni
14.518 -0.59%



Total
47.73 +0.70%


Engie
13.61 +1.26%

Orange
13.65 -0.07%


Bp
539.4 +0.90%

Vodafone
126 -0.66%

Royal Dutch Shell
2,519 +1.14%


Royal Dutch Shell
2,526 +1.14%

[waldron] 15/5/2019 16:51

CHUCKLE

NICE AND EVEN EXCELLENT POST FJG

Pleased i did not have to respond

[fjgooner] 15/5/2019 16:48

Re: "the Royal Dutch bit may be dropped"

Never!

The A and B suffix perhaps may be dropped one day, so RDS could be a future ticker, but this company, although worldwide in its operations, is completely Anglo-Dutch at its core.

Also: "the A shares have been gobbled up". That would take many, many years.

However, if tax treatments in Holland change in the future (as has been suggested for some time) then the A/B differentiation may be dropped for that reason.

But Royal Dutch, Shell will always be.

[maywillow] 15/5/2019 15:08

you mean ex divi day

[the white house] 15/5/2019 15:06

You do know divvi day is tomorrow don't you?

[the white house] 15/5/2019 11:58

If if carries on like it has thus far the answer is YES, but only when all the A shares have been gobbled up & then it will listed in Sterling/London only (& the Royal Dutch bit may be dropped!?)

[maywillow] 15/5/2019 11:37

EMERGINGEUROPE

Claudia Patricolo
Claudia Patricolo

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Contaminated Russian oil will continue to flow to Slovakia and Hungary for at least another four to six months. Oil company Transneft confirmed that oil producing firms were to blame for the recent contamination and that there is no quick fix to the problem.

The quality problem arose in April when high levels of organic chloride were found in crude pumped via the Druzhba pipeline to the Baltic port of Ust-Luga. According to Transneft, organic chloride, which is used in high viscosity oil extraction, could only appear in pipelines where oil was provided by oil companies as Transneft does not inject it into the system.

Ukrainian oil company Ukrtransnafta has resumed transfers to European clients via the Druzhba pipeline’s southern leg to Slovakia, Hungary and the Czech Republic, saying that Russian oil being pumped towards Slovakia and Hungary will stay contaminated for four to six months as transit countries begin to evaluate losses from oil flow suspensions to Europe.




Contaminated Russian oil to stream west for an additional 4 to 6 months – Business news Now
May 15, 2019 at 9:53 am