Shell Share Discussion Threads

[montyhedge] 12/6/2019 16:26

Short oil, long airlines thats the trade.

[sarkasm] 12/6/2019 11:43

INVEZZ.COM


Shell share price: Group offloads refinery in California
Tsveta Zikolova Tsveta Zikolova June 12, 2019 2 min read
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Royal Dutch Shell (LON:RDSA) has inked a deal to offload a refinery in California, the Anglo-Dutch oil major has said. The move is part of the blue-chip group’s strategy to reshape its refining business.

Shell’s share price was little changed in the previous session, inching 0.04 percent higher to close at 2,542.50p, underperforming the broader UK market, with the benchmark FTSE 100 index gaining 0.31 percent to 7,398.45 points. The oil major’s shares have given up about 3.4 percent of their value over the past year, as compared with a near four-percent fall in the Footsie.
Shell offloads California refinery

Shell announced in a statement yesterday that it had reached an agreement for the sale of its Martinez Refinery in California to PBF Energy, for $1-billion consideration plus the value of hydrocarbon inventory, crude oil supply and product offtake agreements, and other adjustments.

“This deal is another step in our transformation to high-grade and optimise our portfolio to drive resilient returns,” said Shell’s Downstream Director, John Abbott, commented in the statement. The company noted that the sale was in line with its strategy to reshape its refining business towards a smaller portfolio focused on further integration with Shell Trading hubs, Chemicals, and Marketing.

The deal is expected to wrap up this year, subject to closing conditions and regulatory approvals.
Analysts on FTSE 100 oil company

Barclays reaffirmed the Anglo-Dutch oil major as an ‘overweight217; this week, without specifying a target on the Shell share price. According to MarketBeat, the FTSE 100 company currently has a consensus ‘buy’ rating and an average valuation of 2,972.69p.

Shell updated investors on its strategy earlier this month, announcing that it was on track to deliver on its 2020 commitments. The company further increased its organic free cash flow outlook and signalled that it could distribute $125 billion or more to shareholders via dividends and share buybacks over the five-year period of 2021-2025.

[sarkasm] 12/6/2019 10:44

12 June 2019, 10:30
Source - SMW

Jefferies International today reaffirms its buy investment rating on Royal Dutch Shell (LON:RDSA) and raised its price target to 3050p (from 3000p).



Broker Forecasts data provided by www.sharesmagazine.co.uk

[p0pper] 12/6/2019 08:29

I can't believe how well the markets in general are holding up but moreover how well Shell and BP are doing in light of the recent falls in the price of oil, 20% is it in the last month?

[the grumpy old men] 12/6/2019 08:22

Royal Dutch Shell
2,544.5 -0.14%

Brent Crude Oil NYMEX 61.21 -1.73%

(WTI)
52.27 USD -0.85%

Markets in general down

no doubt due to TRUMPet

[andyadvfn1] 12/6/2019 08:15

Assume this mornings news is good as share price not down

[the grumpy old men] 12/6/2019 07:50

The Times CEO Summit
Strawberries in winter takes the biscuit, says Shell boss
Emily Gosden, Energy Editor

June 12 2019, 12:01am, The Times

Environment
Energy
Europe

Ben van Beurden said he wanted to create a “climate coalition” with other industries
Ben van Beurden said he wanted to create a “climate coalition” with other industries
TIMES PHOTOGRAPHER RICHARD POHLE

Consumers who eat strawberries in winter months and buy throwaway fashion are contributing to global warming, the boss of Europe’s biggest oil and gas company has said.

Ben van Beurden, the chief executive of Royal Dutch Shell, said that individual consumer choices played a large part in driving global energy demand and called for action to “address consumption patterns” in order to reduce greenhouse gas emissions.

“I have three daughters, they are all quite fashion-conscious. I like to point out to them, having something new for every season four times a year is creating quite a significant ecological footprint,” he said. Mr van Beurden, 61, whose company produces the equivalent of four million barrels of oil per day, appealed to fellow business leaders for help…............................................

[waldron] 11/6/2019 17:45

GOES TO SHOW HOW MUCH STERLING HAS WEAKENED

[empsey] 11/6/2019 17:41

Hi Chief,
Dec 2018 36.77 ( I think ?).
Sept 2018 36.5
June 2018 35.18
March 2018 33.91

Regards,
E.

[waldron] 11/6/2019 17:24

chiefbrody
11 Jun '19 - 17:20 - 6160 of 6160
0 0 0
36.97p.

Cant recall how that compares with the past few but nay matter. Still another chunky div.


ANOTHER STERLING PERFORMANCE

[chiefbrody] 11/6/2019 17:20

36.97p.Cant recall how that compares with the past few but nay matter. Still another chunky div.

[waldron] 11/6/2019 17:20

Crossing_the_Rubicon
11 Jun '19 - 16:44 - 6157 of 6158
0 1 0
Anyone using Shell Energy out of interest?
If YES, any comments, positives, negatives?

Cheers

[waldron] 11/6/2019 17:17

Brent Crude Oil NYMEX 62.33 +0.06%
Gasoline NYMEX 1.71 +0.70%
Natural Gas NYMEX 2.36 +0.30%
(WTI) 53.38 USD +0.13%


FTSE 100
7,398.45 +0.31%
Dow Jones
26,072.95 +0.04%
CAC 40
5,408.45 +0.48%
SBF 120
4,271.45 +0.48%
EuroStoxx 50
3,403.78 +0.53%
DAX Index
12,155.81 +0.92%
Ftse Mib
20,614.02 +0.63%

Eni
14.046 +0.33%


Total
48.27 +0.04%

Engie
13.07 -0.23%

Orange
13.85 +0.62

Bp
557 +0.27%

Vodafone
130.18 -0.17%

Royal Dutch Shell
2,542.5 +0.04%

Royal Dutch Shell
2,548 -0.08%

[crossing_the_rubicon] 11/6/2019 16:44

Anyone using Shell Energy out of interest?
If YES, any comments, positives, negatives?

Cheers

[waldron] 11/6/2019 16:37

The ongoing operations of Shell's floating liquefied natural gas project in Australia, Prelude, are expected to bring positive social effects both for the company and the territory itself. The project's size should benefit Australia, as Shell is set to spend billions of dollars on Australian goods and services over the lifespan of Prelude. The massive project may contribute the creation of hundreds of direct and indirect jobs, during the next 25 years of activity. The Australian trade balance could be helped by increased liquefied natural gas exportation. With Prelude's push, Australia might even overtake Qatar during 2019, as the world's leading exporter of LNG by volume. ([e-mail])

(END) Dow Jones Newswires

June 11, 2019 11:14 ET (15:14 GMT)

[lammergeier] 11/6/2019 13:14

Breaking out of its recent trading range?

[rogash] 11/6/2019 11:25

Thanks both.

[steve73] 11/6/2019 11:00

I think it's a 5-day average Fx that's used... which looks like it'll be close to todays 1.27... so around 37-37.1p.

[empsey] 11/6/2019 10:52

Hi rogash,
Due to be announced today. Last quarter 11th March, not given until about 6pm.
Have to be patient !
E.