Shell Share Discussion Threads

[sogoesit] 20/6/2019 15:54

Yes we can...
Brent up 4%
Any more rockets in the Gulf and we’ll be rolling.

[oilretire] 20/6/2019 14:47

I guess he means it won't be a level playing field.

Meanwhile, can we break £26??

[herschel k] 20/6/2019 14:45

Economic bankruptcy?Based on what?

[crossing_the_rubicon] 20/6/2019 10:08

Ambitious climate target??

You mean economic bankruptcy.
All the while polluting China and Russia laughing their socks off.

[la forge] 20/6/2019 09:14

DIVIDEND

Payment date June 24, 2019

[the grumpy old men] 20/6/2019 08:32

Oil majors withhold support for ambitious EU climate target

BP and Shell declined to back a plan to reduce European greenhouse gas emissions to net zero by 2050
00h

Lawrence Carter
@lawrencecarter1

Oil giants BP and Shell have declined to back an EU plan to all but eliminate Europe’s greenhouse gas emissions within the next three decades, Unearthed can reveal.

The European Commission says the proposal, which would set an EU-wide target of net zero emissions by 2050, is needed if global warming is to be limited to 1.5 °C in line with the Paris climate change accord.

Prime Minister Theresa May will attend a meeting of the European Council starting later today at which leaders are expected to vote on the new target.

The move follows last year’s major report by the Intergovernmental Panel on Climate Change, which warned that failure to limit warming to 1.5 °C would significantly worsen the risk of drought, floods, extreme heat, and poverty for hundreds of millions of people.

Some of the world’s largest oil companies, including BP and Shell, the Italian major Eni and Spanish company Repsol, have withheld support for the proposal to increase the EU’s target, despite previously stating their backing for the Paris climate agreement. The EU’s present emissions target for 2050 is a reduction of 80-95%.

In their responses to the European Commission’s consultation on its proposal, BP, Shell and Repsol did not answer the key question on whether the EU’s 2050 target should be kept the same, or be increased to achieve net zero.

When contacted by Unearthed, Shell said that the company supported a net zero goal but would not give a date by which this should happen.

A spokeswoman said: “Shell supports the European Commission Strategy for a Climate Neutral Europe, including a transition to reach net zero emissions in the EU aligned with the goals of the Paris Agreement.”

A BP spokesman said the company supports a carbon neutral future “in the decades to come”.

Green Party MP, Caroline Lucas, said: “BP and Shell have been barriers to climate action for years. All the science underlines the urgency of decarbonisation. Yet these two fossil fuel dinosaurs are clinging to their out-dated and out-of-touch business models while the climate crisis worsens.”

Status quo

Eni, along with the International Oil and Gas Producers Association (IOGP), an industry lobby group whose members include BP and Shell, also rejected the opportunity to back the increased target and submitted said in the consultation that they wanted it to remain as it is.

An IOGP spokesperson told Unearthed: “IOGP has never opposed the concept of carbon neutrality by 2050 in itself and doesn’t plan on doing so.”

“We work under the assumption that the EU will decide to go for carbon-neutrality for 2050, and we will support them in reaching that objective as best as we can,” he continued.

Eni did not respond to requests for comment.

Established science

In contrast with the position of other oil majors, Norway’s state-controlled oil company, Equinor, backed the revised target, stating in its submission that the IPCC report “demonstrates the need for reaching GHG (greenhouse gas) neutrality in the 2045-2055 period. It is natural that the EU seeks to balance member states’ ambitions in accordance with established science.”

Unearthed can also reveal that British Gas-owner Centrica, which originally opposed an increase in the 2050 target, has since performed a U-turn. A spokesman said: “Centrica̵7;s view has evolved since our response to the consultation was submitted last September.

“As a result of new evidence being provided to us we support the view that a net-zero emissions target for 2050 will be a challenging target to meet, but it is the right thing for the UK (and the EU) to aim for.”

He added: “We have written to the UK Government in support of its 2050 net-zero emissions commitment, and we have declared our own ambition to develop a path to net zero by 2050.”

[fjgooner] 20/6/2019 01:49

Broker tips: Just Group, Royal Dutch Shell, Tesco

Alexander Bueso

Barclays reiterated its choice of Royal Dutch Shell as its 'top pick' in the the European Integrated Oil and Refinancing space, labelling the 9%-plus dividend and buyback yield on which Shell shares were trading "attractive" and reiterating its 3,250.0p target price.

In a research report entitled "the best kept secret", Barclays pointed out the heightened scrutiny from investors and regulators on the outfit's ability to deliver a lower carbon energy system and welcome the company's decision to reposition its business units into core upstream, leading transitions and emerging power.

Nevertheless, the broker conceded investor pushback when it came to the oil major's pivot towards "leading transition" areas, especially as regards its downstream businesses.

That was critical because Shell was counting on the unit to deliver a 50-100% uplift in free cash flow between 2020 to 2025, from $6.0-7.0bn to $10.0-12.0bn.

[waldron] 19/6/2019 17:11

Brent Crude Oil NYMEX 61.97 -0.27%
Gasoline NYMEX 1.71 +0.37%
Natural Gas NYMEX 2.31 -0.17%
(WTI) 53.57 USD -1.18%

FTSE 100
7,403.54 -0.53%
Dow Jones
26,515.67 +0.19%
CAC 40
5,518.45 +0.16%
SBF 120
4,352.83 +0.17%
EuroStoxx 50
3,455.07 -0.08%
DAX Index
12,308.53 -0.19%
Ftse Mib
21,208.99 +0.36%


Eni
14.222 +0.47%

Total
48.315 +0.26%

Engie
13.5 +0.52%

Orange
14 -0.78%


Bp
541.6 -0.79%

Vodafone
127.2 -1.53%

Royal Dutch Shell
2,546 +0.04%


Royal Dutch Shell
2,556 +0.12%

[sogoesit] 19/6/2019 11:59

Really? Never knew that.
Holy cow, what a mafia!

[lippy4] 19/6/2019 10:50

ici had to reduce its size due to us being allowed to join into the eu..

[sogoesit] 19/6/2019 10:36

Quintuplexy, post 6281, thanks for the memories!
Let's just hope they don't decide to spend any money on remodelling the logo!

I remember ICI doing that and it costing £100's millions if im correct. Shortly afterwards it started selling its businesses and was then consigned to the graveyard of once great companies!

[the grumpy old men] 19/6/2019 08:21

Royal Dutch Shell RDSA Barclays Capital Overweight 3,250.00 Reiterates
SSE PLC SSE Barclays Capital Underweight 1,000.00 Reiterates
Centrica PLC CNA Barclays Capital Underweight 86.00 Reiterates

[waldron] 19/6/2019 07:14

European stocks set to open mixed ahead of key Fed meeting
Published Moments Ago
Elliot Smith
@ElliotSmithCNBC




Key Points

President Trump tweeted Tuesday that he and Xi will meet at the G-20 summit, scheduled for June 28-29 in Osaka, Japan.
The Fed will make a decision on interest rates at 2.p.m. ET, with investors hopeful that Powell will signal a rate cut in the near future.

European markets pointed to a mixed open Wednesday ahead of a much-anticipated U.S. Federal Reserve decision on interest rates.

The FTSE 100 was seen around 7 points higher at 7,450 while Germany’s DAX was expected to open roughly flat at 12,332. France’s CAC 40 was seen down around 4 points to 5,506.

[waldron] 18/6/2019 17:14

Brent Crude Oil NYMEX 62.39 +2.38%
Gasoline NYMEX 1.71 +2.16%
Natural Gas NYMEX 2.33 -1.94%
(WTI) 53.94 USD +4.03%

FTSE 100
7,443.04 +1.17%
Dow Jones
26,451.41 +1.30%
CAC 40
5,509.73 +2.20%
SBF 120
4,345.38 +2.17%
EuroStoxx 50
3,457.95 +2.05%
DAX Index
12,331.75 +2.03%
Ftse Mib
21,144.02 +2.51%


Eni
14.156 +2.06%

Total
48.19 +2.21%

Engie
13.43 +4.72%

Orange
14.11 +2.36%


Bp
545.9 +1.85%

Vodafone
129.18 +1.35%

Royal Dutch Shell
2,545 +1.11%


Royal Dutch Shell
2,553 +1.21%

[the grumpy old men] 18/6/2019 13:47

SHOWS NICELY THE RECENT PROGRESS

[xxxxxy] 18/6/2019 13:31

Sort of for fun. Background. Refresher.

[grupo guitarlumber] 18/6/2019 12:18

fjgooner
18 Jun '19 - 12:03 - 6279 of 6279
0 1 0
@grupo

I recall from the RNS:

"The shares bought back under the initial programme will be whichever of the A ordinary shares and/or B ordinary shares is economically the least expensive on a given trading day."

EXACT

i have a feeling it will be SHELL A for some time to come

[fjgooner] 18/6/2019 12:03

@grupo

I recall from the RNS:

"The shares bought back under the initial programme will be whichever of the A ordinary shares and/or B ordinary shares is economically the least expensive on a given trading day."

[grupo guitarlumber] 18/6/2019 11:25

fjgooner
18 Jun '19 - 11:09 - 6276 of 6276
0 0 0
@the shorter

I wonder whether, if the price of crude surges after 3:30 pm tomorrow, the shorter montyhedge will stop yapping about Brent - which is at $60.58 and rising right now.

Place your bets ....

@waldron

Re RDSA/RDSB prices - on a couple of occasions yesterday the 2 were on a par - if not just crossing briefly.

I'd agree that RDSB should retain a premium for the reasons that we all understand, but the gap is now minimal and so buybacks may get smoothed across both tickers going forward.



I do believe that shells brokers,traders have strict instructions as to what to buy
over the short, medium and long term

not by the second,minute or day

i feel they will buy only A shares unless there is a substantial currency advantage


euro fell today but sterling has fallen for too long

more reasons to buy B

[spud] 18/6/2019 11:20

Nah, he will bang on about a cat jumping about. spud

[fjgooner] 18/6/2019 11:09

@the shorter

I wonder whether, if the price of crude surges after 3:30 pm tomorrow, the shorter montyhedge will stop yapping about Brent - which is at $60.58 and rising right now.

Place your bets ....

@waldron

Re RDSA/RDSB prices - on a couple of occasions yesterday the 2 were on a par - if not just crossing briefly.

I'd agree that RDSB should retain a premium for the reasons that we all understand, but the gap is now minimal and so buybacks may get smoothed across both tickers going forward.