SHEL

Shell Plc

NYSE

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SHEL

Shell Plc

NYSE

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DewDiligence PremiumMember

04/02/24 10:42 AM

Post #527

SHEL pulls back on—(unrealistic)—decarbonization goals:

https://finance.yahoo.com/news/shell-oil-revises-climate-goals-220000675.html

The target for 2030, which had been a 20% reduction, was lowered to 15-20% and the corporate carbon intensity target for 2035 was “retired.”

LOL re the use of the word, “retired.”

DewDiligence PremiumMember

02/14/24 11:23 AM

Post #526

SHEL’s 2040 LNG forecast shows how two publications can slant the commentary in opposite directions. First, here’s the WSJ’s take:

https://www.wsj.com/finance/commodities-futures/shell-sees-global-lng-demand-up-at-least-50-by-2040-f63aa45d

Shell said it expects global demand for liquefied natural gas to grow beyond 2040, driven by industrial demand in China and economic development in South Asia and Southeast Asia.

The British oil-and-gas major said Wednesday it estimates the global demand for the gas to rise by more than 50% by 2040 as the Chinese industrial sector pivots from coal to gas, and South Asian and Southeast Asian countries use more LNG to support their economic growth.

Emphasis added. Now, here’s Bloomberg’s take on the same story:

https://finance.yahoo.com/news/shell-lowers-lng-growth-outlook-084503930.html

Shell Plc said demand for liquefied natural gas by 2040 will be slightly lower than previously forecast as the world prepares for life beyond fossil fuels.

LOL

DewDiligence PremiumMember

02/01/24 2:18 PM

Post #525

Re: #511: @DewDiligence - SHEL boosts dividend, buybacks—cuts 2024-2025 cap-ex:

SHEL boosts dividend again—authorizes $3.5B buyback in_ next_3mo:

https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-070300226.html

https://finance.yahoo.com/news/shell-plc-fourth-quarter-2023-070200406.html

This is SHEL’s second dividend boost in the past 12 months. The new annualized payout is $2.752/ADS (up from the prior annualized rate of $2.648 in effect during 2H23). At the current share price (~$64), the new annualized payout is a yield of 4.1%.

DewDiligence PremiumMember

11/02/23 4:02 PM

Post #523

Re: #522: @DewDiligence - SHEL 3Q23 PR:

SHEL 3Q23 CC slides:

https://www.shell.com/investors/results-and-reporting/quarterly-results/_jcr_content/root/main/section_1564161910/simple_copy_copy_cop/list_copy_1861700816/list_item_copy_11409_233215833/links/item3.stream/1698884784858/6d26f9ea0548ac1400eab49915d70b3b9cc5e4a6/q3-2023-slides.pdf

DewDiligence PremiumMember

11/02/23 4:02 PM

Post #522

Re: #520: @DewDiligence - SHEL reports 3Q23 results—boosts buyback authorization:

SHEL 3Q23 PR:

https://www.shell.com/investors/results-and-reporting/quarterly-results/_jcr_content/root/main/section_1564161910/simple_copy_copy_cop/list_copy_1861700816/list_item_copy_11409_233215833/links/item0.stream/1698884782483/509b6a41bee1c016b10f6b3e317e4dac20004419/q3-2023-quarterly-press-release.pdf

DewDiligence PremiumMember

11/02/23 4:01 PM

Post #521

Re: #520: @DewDiligence - SHEL reports 3Q23 results—boosts buyback authorization:

SHEL says_its_own_stock_is_a_better investment than M&A; 5-minute promotional video from CFO:

DewDiligence PremiumMember

11/02/23 3:43 AM

Post #520

Re: #515: @DewDiligence - SHEL 2Q23 results…

SHEL reports 3Q23 results—boosts buyback authorization:

https://www.wsj.com/business/energy-oil/shell-earnings-rose-on-higher-energy-prices-launches-3-5-bln-buyback-5ca6b1a6

Shell’s third-quarter earnings rose [relative to 2Q23] on higher refining margins, oil prices and gas and oil sales… The energy giant on Thursday reported adjusted earnings of $6.22 billion for the quarter, up from $5.07 billion in the preceding quarter, but a slight miss to market expectations of $6.25 billion provided by Vara Research.

The oil-and-gas major launched a $3.5 billion share buyback to complete by its fourth-quarter results announcement, following buybacks of $3 billion during the third quarter. Shell had guided for a buyback program of at least $2.5 billion.

DewDiligence PremiumMember

08/31/23 1:12 PM

Post #519

SHEL dials back on carbon-offsets program:

https://finance.yahoo.com/news/europes-biggest-oil-company-quietly-000104402.html

The change since the new CEO came on board in Jan 2023 is palpable.

DewDiligence PremiumMember

07/27/23 7:28 PM

Post #517

Re: #511: @DewDiligence - SHEL boosts dividend, buybacks—cuts 2024-2025 cap-ex:

[duplicate]

DewDiligence PremiumMember

07/27/23 7:27 PM

Post #516

Re: #515: @DewDiligence - SHEL 2Q23 results…

New $3B share buyback to_be_completed_by 11/1/23:

https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-060300043.html

DewDiligence PremiumMember

07/27/23 7:24 PM

Post #515

Re: #509: @DewDiligence - SHEL 1Q23 results—lower_oil_prices_offset_by_gains_in chemicals and trading—new

SHEL 2Q23 results…

PR:
https://www.shell.com/content/dam/shell/assets/en/business-functions/investor/results-and-reporting/documents/2023/q2/q2-2023-quarterly-press-release.pdf

CC slides:
https://www.shell.com/content/dam/shell/assets/en/business-functions/investor/results-and-reporting/documents/2023/q2/q2-2023-slides.pdf

6-minute video:
https://www.shell.com/investors/results-and-reporting/quarterly-results/latest-results.html#quarterly-results-q-a-session

DewDiligence PremiumMember

06/14/23 3:59 PM

Post #512

Re: #511: @DewDiligence - SHEL boosts dividend, buybacks—cuts 2024-2025 cap-ex:

SHEL slide sets from today’s webcast…

Pdf with slides only:
https://www.shell.com/content/shell/corporate/global/en_gb/investors/investor-presentations/capital-markets-day-2023/_jcr_content/root/main/section/simple/text_1695238364_copy_695577015.multi.stream/1686739511216/018241635a98a83269986e2b3fab2365078083ce/CMD23-slides.pdf

Pdf with slides and prepared remarks:
https://www.shell.com/content/shell/corporate/global/en_gb/investors/investor-presentations/capital-markets-day-2023/_jcr_content/root/main/section/simple/text_1695238364_copy_695577015.multi.stream/1686759610124/28de8452b16d6b197c9f75711276d5337bec6b46/cmd23-slides-with-prepared-remarks.pdf

DewDiligence PremiumMember

06/14/23 12:49 PM

Post #511

SHEL boosts dividend, buybacks—cuts 2024-2025 cap-ex:

https://www.shell.com/media/news-and-media-releases/2023/shell-to-deliver-more-value-with-less-emissions.html

• Shareholder distributions increased to 30-40% of cash flow from operations (CFFO) through the cycle [up from the prior range of 20-30%]

o 15% increase in dividend per share effective Q2 2023

o Share buybacks of at least $5 billion for the second half of 2023

• Capital spending reduced to $22-25 billion per year for 2024 and 2025 [down from $23-27B budgeted for 2023]

• Annual operating cost structurally reduced by $2-3 billion by end 2025

Moreover, SHEL intends to increase LNG production and keep oil production flat for the rest of the decade; previously, SHEL said it would reduce oil production by 1-2% per annum.

These announcements were made in conjunction with SHEL’s Capital Markets Day webcast in New York today.

Nighthawk_1 Free

05/06/23 5:13 PM

Post #510

Well, final straw. I am now boycotting Shell. 1) was cleaning out my car and had quite a bit of trash that built up. Was throwing away so then I could vacuum. Some ass yelled at me to take my trash home, but I was coming from a picnic. 2) then I was going to vaccum. Cost .75 cents put in. vacuum couldn't suck the dick on a donkey let alone vacuum my car out. So, they ripped my off. How many others have been ripped off? Quite a few is my guess. NEVER AGAIN!!!

DewDiligence PremiumMember

05/04/23 11:35 AM

Post #509

Re: #508: @DewDiligence - SHEL reports record-high 2022 profit—boosts dividend—starts_$4B_accelerated_buyback (to be

SHEL 1Q23 results—lower_oil_prices_offset_by_gains_in chemicals and trading—new $4B buyback to be completed in next three months (following full implementation of the $4B buyback announced in Feburary):

https://finance.yahoo.com/news/shell-maintains-pace-buybacks-profit-070219745.html

https://finance.yahoo.com/news/shell-plc-first-quarter-2023-060000421.html

https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-060300236.html

DewDiligence PremiumMember

02/02/23 1:15 PM

Post #508

Re: #506: @DewDiligence - SHEL pre-announces strong 4Q22 results due to LNG business:

SHEL reports record-high 2022 profit—boosts dividend—starts_$4B_accelerated_buyback (to be completed before 5/4/23):

https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-070300957.html

https://finance.yahoo.com/news/shell-plc-fourth-quarter-2022-070200422.html

https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-070300957.html

Approximately 60% of 4Q22 profit came from the LNG business.

The annualized dividend per ADS was boosted 15% to $2.30 (from $2.00). At the current ADS share price ($57.26), the yield is 4.0%.

Despite all of the above, SHEL is trading slightly down today because investors think SHEL’s business can’t get any better.

DewDiligence PremiumMember

01/30/23 9:42 AM

Post #507

SHEL shakes up senior management:

https://finance.yahoo.com/news/shell-plc-announces-executive-committee-070000756.html

I doubt that this will make much, if any, difference to the bottom line.

DewDiligence PremiumMember

01/06/23 1:13 PM

Post #506

Re: #500: @DewDiligence - SHEL reports 3Q22 results—boosts dividend 15%—authorizes new $4B

SHEL pre-announces strong 4Q22 results due to LNG business:

https://finance.yahoo.com/news/shell-fourth-quarter-2022-note-070000362.html

SHEL will report official 4Q22 results on 2/2/23.

DewDiligence PremiumMember

11/28/22 5:26 PM

Post #505

SHEL acquires European biogas company for $2B:

https://finance.yahoo.com/news/shell-buys-nature-energy-2-183049575.html

Is this is the “transformative” deal that SHEL’s incoming CEO was talking about two months ago (#msg-170019624)?

DewDiligence PremiumMember

11/21/22 2:15 PM

Post #504

Re: #494: @DewDiligence - UK imposes 25% “windfall profits” tax on oil/gas businesses:

SHEL pushes back on UK’s increased “windfall” tax:

https://finance.yahoo.com/news/shell-reconsiders-25bn-investment-uk-190314142.html

[UK’s Chancellor of the Exchequer] increased the so-called energy profits levy on North Sea oil and gas producers from 25% to 35%, while also announcing it would be in place until 2028 rather than 2025, adding £19.4bn to the existing bill.

SHEL’s outgoing CEO has been barking that SHEL’s taxes are too low (#msg-170300650), so the company’s pushback now doesn’t have much oomph, IMO.

DewDiligence PremiumMember

10/27/22 3:22 PM

Post #503

Re: #502: @DewDiligence - SHEL 3Q22 CC slides:

SHEL’s 53-min Q&A session with analysts:

DewDiligence PremiumMember

10/27/22 1:50 PM

Post #502

Re: #500: @DewDiligence - SHEL reports 3Q22 results—boosts dividend 15%—authorizes new $4B

SHEL 3Q22 CC slides:

https://www.shell.com/investors/results-and-reporting/quarterly-results/2022/q3-2022/_jcr_content/par/toptasks_1119141760__237662996.stream/1666826532698/313969f4bf5066226b15bfce3c5ac18929da62d4/q3-2022-slides.pdf

DewDiligence PremiumMember

10/27/22 9:41 AM

Post #501

Re: #498: @DewDiligence - WSJ musings on SHEL’s CEO change:

SHEL’s outgoing CEO is almost begging for a “windfall” tax on oil & gas profits:

https://www.ft.com/content/e04e4bbc-7205-4999-80a4-1fd7e0b34d8f

He can’t be fired anymore, so he can say whatever he wants, LOL.

DewDiligence PremiumMember

10/27/22 9:37 AM

Post #500

Re: #499: @DewDiligence - SHEL—(-5%)—pre-announces weak 3Q22:

SHEL reports 3Q22 results—boosts dividend 15%—authorizes new $4B share buyback:

https://finance.yahoo.com/news/shell-plc-publishes-third-quarter-060100724.html
https://finance.yahoo.com/news/shell-plc-3rd-quarter-2022-060000371.html

https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-060300937.html

https://finance.yahoo.com/news/2-shell-posts-9-5-062417843.html

DewDiligence PremiumMember

10/06/22 9:42 AM

Post #499

Re: #497: @DewDiligence - Shell logs_record_quarterly_profit—commits_to $6B share buyback during_next_3_mo

SHEL—(-5%)—pre-announces weak 3Q22:

https://finance.yahoo.com/news/shell-third-quarter-2022-note-060000198.html

The weakness was spread across all segments, but especially notable was that margins in the chemicals segment were negative $27/tonne, compared with (positive) $86/tonne in 2Q22.

DewDiligence PremiumMember

09/15/22 5:10 PM

Post #498

WSJ musings on SHEL’s CEO change:

https://www.wsj.com/articles/for-shells-priorities-follow-the-money-11663265679

DewDiligence PremiumMember

07/28/22 12:29 PM

Post #497

Re: #491: @DewDiligence - SHEL faces prospect of UK “windfall profits” tax

Shell logs_record_quarterly_profit—commits_to $6B share buyback during_next_3_months (in addition to $8.5B buybacks already completed during 2022):

https://finance.yahoo.com/news/2-shell-smashes-record-again-061959174.html

https://finance.yahoo.com/news/shell-plc-publishes-second-quarter-060200787.html

conix

07/11/22 12:17 AM

Post #496

Re: #495: @DewDiligence - SHEL derives only 4% of its global profit

SHEL chart

DewDiligence PremiumMember

05/26/22 9:28 PM

Post #495

Re: #494: @DewDiligence - UK imposes 25% “windfall profits” tax on oil/gas businesses:

SHEL derives only 4% of its global profit from the UK, so the “windfall profits” tax will barely affect the bottom line.

DewDiligence PremiumMember

05/26/22 9:11 PM

Post #494

Re: #491: @DewDiligence - SHEL faces prospect of UK “windfall profits” tax

UK imposes 25% “windfall profits” tax on oil/gas businesses:

https://www.bloomberg.com/news/articles/2022-05-26/uk-slaps-25-windfall-tax-on-profits-of-oil-and-gas-companies

DewDiligence PremiumMember

05/05/22 12:11 PM

Post #491

Re: #485: @DewDiligence - SHEL 4Q21 results…

SHEL faces prospect of UK “windfall profits” tax after reporting highest quarterly profit ever:

https://www.wsj.com/articles/shells-foggy-outlook-sways-investors-but-not-politicians-11651761764

1Q22 PR (full version):
https://finance.yahoo.com/news/shell-plc-first-quarter-2022-060000358.html

1Q22 PR (abbreviated version):
https://finance.yahoo.com/news/shell-plc-publishes-first-quarter-060100573.html

Next stage of share-repurchase plan:
https://finance.yahoo.com/news/shell-announces-second-tranche-share-060300946.html

DewDiligence PremiumMember

02/21/22 2:17 PM

Post #490

Two slide sets from SHEL today….

Integrated Gas Update:
https://www.shell.com/investors/investor-presentations/2022-investor-presentations/lng-outlook-2022-and-shell-insights-integrated-gas-business-update/_jcr_content/par/textimage_6665.stream/1645291670085/be1cf6acf49abb52da10d9504ca61c47b4e461df/integrated-gas-market-update.pdf

2022 LNG outlook:
https://www.shell.com/promos/energy-and-innovation/v1/lng-outlook-2022-report/_jcr_content.stream/1645378179742/3399fc5b65329ddf5fda80ad6cf2f6eab2abd9e5/shell-lng-outlook-2022.pdf

peterquinnvet Free

02/03/22 2:56 PM

Post #489

Shell Plc. (NYSE:RDS.A) just stunned us with a discovery announcement at its offshore Graff-1 well in Namibia.

The Graff-1 well results showed at least two reservoirs containing what Reuters sources have called “a significant amount of oil and gas”, which we estimate could be worth up to $29 billion at $88 oil.

Shell’s Namibia discovery is on the Petroleum Exploration License 39, 45% owned by Shell, and 45% owned by Qatar Petroleum. The National Petroleum Corporation of Namibia (NAMCOR) owns the final 10%.

The government of Namibia is expected to make an announcement on the details of Graff-1 next week, while Namibia’s Minister of Energy and Mines said it was in the final stages of data collection to thoroughly assess the find’s potential.

Shell’s success could trigger an increased interest in further exploring the country’s oil resources.

Source: https://oilprice.com/Energy/Energy-General/Shell-Is-Betting-Big-On-Namibias-Oil-Boom.html

peterquinnvet Free

02/03/22 1:34 PM

Post #488

Booming prices for oil and natural gas propelled Shell’s profit in the fourth quarter of 2021, lifting its adjusted earnings to $6.39 billion, up from $393 million a year earlier, the company reported Thursday.

Shell, Europe’s largest energy company, also said that it would accelerate returns to shareholders, buying back $8.5 billion in shares in the first half of 2022 — a big increase on the total of $3.5 billion set aside for buybacks in 2021.

Shell also said it would increase the dividend it pays to shareholders by 4 percent, to 25 cents per share for the first quarter.

Source: https://www.nytimes.com/2022/02/03/business/shell-4q-earnings.html

peterquinnvet Free

02/03/22 12:54 PM

Post #487

Shell will increase its dividend and buy back more shares after high prices for oil and gas helped it deliver bumper full-year earnings after a strong fourth quarter.

The UK-headquartered oil group’s adjusted earnings for 2021 — the profit measure most closely tracked by analysts — rose to $19.3bn, from $4.8bn a year earlier when the pandemic hit oil demand.

Earnings for the last three months of the year were $6.4bn, beating average analyst estimates of $5.2bn and up from $393mn in the same period a year earlier and $2.9bn in the fourth quarter of 2019.

Source: https://www.ft.com/content/ca4fba8b-5ba4-4bde-9957-a3e17d937fb7

DewDiligence PremiumMember

02/03/22 12:31 PM

Post #486

Re: #485: @DewDiligence - SHEL 4Q21 results…

SHEL factoid—2021 operating cash flow was $6B greater than in 2018, when the average Brent price was similar to the average Brent price in 2021.

DewDiligence PremiumMember

02/03/22 12:19 PM

Post #485

Re: #484: @peterquinnvet - Shell (SHEL.L) again boosted its dividend and share

SHEL 4Q21 results…

12-min CEO/CFO video:
https://www.shell.com/investors/results-and-reporting/quarterly-results/2021/q4-2021.html#webcast

https://www.shell.com/investors/results-and-reporting/quarterly-results/2021/q4-2021/_jcr_content/par/grid_copy/p1/toptasks.stream/1643877415631/0e614fee8925bcdb42b1112611ebdc7922cf9514/q4-2021-presentation-transcript.pdf (transcript)

PR:
https://www.shell.com/investors/results-and-reporting/quarterly-results/2021/q4-2021/_jcr_content/par/toptasks_1119141760_.stream/1643817920231/fbeb170f95c803e63dcf2659504dc76fca745ae5/q4-2021-quarterly-press-release.pdf

CC slides:
https://www.shell.com/investors/results-and-reporting/quarterly-results/2021/q4-2021/_jcr_content/par/grid_1743187043_copy/p1/toptasks_1914866519.stream/1643828084813/9c895d814c2540cf227c2d9d35da0992fa4c0c29/q4-2021-slides.pdf

peterquinnvet Free

02/03/22 11:43 AM

Post #484

Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

The strong results cap a dramatic recovery in 2021 for Shell and the oil and gas sector after energy demand and prices collapsed in 2020 in the wake of the COVID-19 pandemic.

Shell shares were up 0.7% by 1448 GMT, compared with a 0.5% decline for the broader European energy index (.SXEP).

https://www.reuters.com/business/energy/shell-again-boosts-dividend-buybacks-profits-soar-2022-02-03/

DewDiligence PremiumMember

02/02/22 3:08 PM

Post #483

Re: #482: @DewDiligence - Background:

Additional background:

https://finance.yahoo.com/news/shell-sets-expected-timetable-simplification-140000995.html

DewDiligence PremiumMember

02/02/22 3:08 PM

Post #482

Re: #480: @DewDiligence - Shell has_consolidated_its ‘A’_(RDS-A)_and_‘B’_(RDS-B)_shares_into_a_single_trading_symbol, ‘SHEL’.

Background:

https://finance.yahoo.com/news/royal-dutch-shell-plc-changes-171000297.html

DewDiligence PremiumMember

02/02/22 3:07 PM

Post #481

Re: #480: @DewDiligence - Shell has_consolidated_its ‘A’_(RDS-A)_and_‘B’_(RDS-B)_shares_into_a_single_trading_symbol, ‘SHEL’.

The change mentioned below is non-taxable, and shareholders don't have to do anything—i.e. the conversion is automatic.

DewDiligence PremiumMember

02/02/22 3:06 PM

Post #480

Shell has_consolidated_its ‘A’_(RDS-A)_and_‘B’_(RDS-B)_shares_into_a_single_trading_symbol, ‘SHEL’. This move coincides with the company’s renaming itself, Shell, plc (no more "Royal Dutch") and moving its tax domicile from The Netherlands to the UK.

Bountiful_Harvest Free

10/22/21 6:39 PM

Post #478

Interview: Shell Greenlots COO Tannaz Banisadre talks Plug and Charge, bringing 500,000 charging stations online

https://electrek.co/2021/10/22/shell-greenlots-tannaz-banisadre/

Greenlots, a company that was acquired by oil and energy behemoth Shell almost two years ago.

DewDiligence PremiumMember

09/20/21 8:15 PM

Post #477

Re: #476: @DewDiligence - RDS selling Permian assets to COP for $9.5B,

More on RDS-COP Permian deal:

https://www.wsj.com/articles/shell-near-deal-to-sell-permian-assets-to-conocophillips-11632168002

Shell said $7 billion of the proceeds will be returned to shareholders [presumably in the form of share repurchases], while it will use the remainder [~$2.5B] to shore up its balance sheet.

The European oil giant had acquired the bulk of its Permian assets in 2012 from Chesapeake Energy Corp.for about $1.9 billion.

ConocoPhillips said the assets, entirely in Texas, included about 600 miles of oil, natural-gas and water pipelines and other energy infrastructure.

… The price tag was in line with recent deals in the Permian Basin, at around $47,500 per barrel of oil equivalent, said Subash Chandra, an analyst at Northland Capital Markets.

DewDiligence PremiumMember

09/20/21 4:33 PM

Post #476

RDS selling Permian assets to COP for $9.5B, according to WSJ sources:

https://www.wsj.com/articles/shell-near-deal-to-sell-permian-assets-to-conocophillips-11632168002

The deal could come Monday, assuming talks don’t fall apart, the people said. It comes as Shell is attempting to cut its carbon emissions and invest more in renewable energy.

Lowjack

09/02/21 10:38 AM

Post #475

Re: #472: @I-Man - WHy massive losses reported here??

https://www.yahoo.com/news/over-100-men-stranded-drill-111908047.html

DewDiligence PremiumMember

08/07/21 1:05 PM

Post #474

Barron’s likes Shell—b/c_it’s_cheaper_than XOM/CVX—and_for retail presence:

https://www.barrons.com/articles/buy-royal-dutch-shell-stock-51628287595

Shell trades for eight times projected 2021 earnings of $4.95 a share, compared with a price/earnings ratio of 14 for Exxon and 16 for Chevron. Shell also has an underappreciated mix of assets, including the largest liquefied natural gas business and the industry’s biggest retail franchise.

…Shell has 46,000 service stations—more locations than McDonald’s or Starbucks. The retail business alone could be worth $40 billion, or 10 times 2020 earnings before interest, taxes, depreciation, and amortization, or Ebitda.

Gas service stations are a low-margin business and the land is typically leased, so this is not a real-estate play.