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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
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
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
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
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
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.
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
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/
The change mentioned below is non-taxable, and shareholders don't have to do anything—i.e. the conversion is automatic.
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.
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.
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
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
Which losses are you referring to?
WHy massive losses reported here??
Shell—(+4%)—hikes dividend—auhorizes_$2B_share_buyback:
https://finance.yahoo.com/news/shells-profit-soars-boosts-dividend-061044719.html
https://www.shell.com/investors/results-and-reporting/quarterly-results/2021/q2-2021/_jcr_content/par/toptasks_1119141760_.stream/1627487962645/be9155edda81fb2a26240cb8c2612e4acc803909/q2-2021-quarterly-press-release.pdf
The annualized dividend for RDS-A and RDS-B ADSs was raised from $1.33 to $1.92—still far below the $3.76 payout prior to the dividend cut in early 2020 (#msg-155351776). (Each ADS represents 2 ordinary shares.)
Thanks for posting the link
Shell is discussed on #board-15427. Regards, Dew
Thanks for all the input here.
Looks like Shell is going electric (or provide electric to sharing over as product to energy pipeline as oil) over the next decade or so with that charging stations deal.
Tokenism—Shell increases dividend 4%—after slashing_it_66% six_months ago:
https://www.wsj.com/articles/shell-tries-to-woo-investors-with-dividend-raise-promise-of-future-payouts-11603964968
The stock is +4%, LOL.
Understood makes sense.
Yes, it is and always has been, but the linkage is not necessarily beneficial to Shell these days.
I thought it was always linked LNG / Brent?
Glad to have your input on the board. Tough time in the industry but a lot of great buying opportunities.
Shell pre-announces weak 3Q20—cuts 7000-9000 jobs:
https://www.wsj.com/articles/shell-to-cut-up-to-9-000-jobs-11601457301
Linkage of contractual LNG prices to Brent benchmark is now hurting Shell’s bottom line—something that was not envisioned when such projects as Gorgon were developed—see #msg-41374691.
Thanks, new here. I have a lot of reading to do. :)
https://oilprice.com/Energy/Crude-Oil/US-Oil-Production-Wont-Make-A-Comeback-Under-Current-Prices.html
Going to be sleeping for a long time to come. You can look forward to a 17 year plus slumber.
Bottom is still forth coming for these oil majors!
Finally jumped back in here. Oil patch seems to be stirring from a sound sleep?
Shell 1Q20 items…
1Q20-financials PR:
https://www.shell.com/investors/financial-reporting/quarterly-results/2020/q1-2020/_jcr_content/par/toptasks_1119141760.stream/1588224328778/fd93861d91e035f990e8c3f8578278266c1eeefd/q1-2020-qra-document-final.pdf
Dividend-cut announcement (ADS annualized dividend goes from $3.76 to $1.28; each ADS represents two ordinary shares):
https://www.shell.com/investors/dividend-information/historical-dividend-payments/first-quarter-2020-interim-dividend.html
CC slides:
https://www.shell.com/investors/financial-reporting/quarterly-results/2020/q1-2020/_jcr_content/par/textimage_copy.stream/1588241302769/ad152aaffbb28f0134ca1a9dcbddefeb8ceb0674/q1-2020-results-webcast-presentation-slides.pdf
Pray tell, by all means. Which grocery stocks would you recommend as a buy ?
NOW, is the time to acquire oil stocks !
The coronavirus will extinguish itself late this spring and business will recover.
It is impressive. They have major announcements on that front coming. RDS should phase out the ethanol and replace with their own Methanol stock. Adds big to the bottom line.
ground breaking 10% methanol added to gas now available...great ground floor ops
https://www.sectorpublishingintelligence.co.uk/news/2420619/cyberfuels-inc-launches-sales-of-its-specially-formulated-ecoflex-91-and-93-octane-gem-fuels-in-daytona-beach-florida
http://www.cyberfuelsinc.com/
Following the management day last month, Royal Dutch Shell (RDS.A, RDS.B) went over its 2025 outlook in considerable detail, which has proven to be quite useful in understanding just where this company wants to be in the long term. The question for shareholders is whether or not the value proposition today is compelling enough or not. I believe that if investors are willing to take the risk that the company can deliver on its buyback, dividend growth, and medium to long-term cash flow targets, then this is absolutely a stock worth owning today as it will have one of the most competitive total return prospects in the sector, all the while retaining its high quality, major producer status.
WSJ skeptical of Shell’s plans in power:
https://www.wsj.com/articles/oil-giant-shells-pivot-to-electricity-could-bring-investors-less-sizzle-11563015600
Shell Investor Day items…
PR:
https://www.shell.com/media/news-and-media-releases/2019/management-day-2019-shell-strongly-positioned-for-the-future-of-energy.html
Webcast slides:
https://www.shell.com/investors/news-and-media-releases/investor-presentations/2019-investor-presentations/management-day-2019/_jcr_content/par/textimage_af3b.stream/1559638644079/9400a0105d2ef50269b7c002ac8140263aff0182/shell-management-day-2019-webcast-presentation-slides.pdf
Transcript of prepared remarks:
https://www.shell.com/investors/news-and-media-releases/investor-presentations/2019-investor-presentations/management-day-2019/_jcr_content/par/textimage_af3b.stream/1559659931342/0855f5b604fbc37282a682a54fa55b89ea0c22ac/shell-management-day-2019-webcast-presentation-transcript.pdf
anyone know anything about this , from another board
Shell and Eni face one of the biggest corruption cases in corporate history over $1.3bn Nigerian oil field
https://www.yahoo.com/news/shell-eni-face-one-biggest-204857834.html
(My comment - remember the Niger Delta Avengers blowing up pipelines? I never did like them or agree with what they were doing but after reading this article now I understand...)
Giant oil companies, offshore accounts, ex-MI6 agents, champagne lunches, a former Nigerian president and allegations of one of the biggest bribes ever paid – the corruption case against Shell and Italy’s Eni filed by prosecutors in Milan over a shady $1.3bn deal for a vast African oil field has all the elements of an espionage thriller.
The latest twists thicken the plot further with a cache of documents seized in a raid on a Swiss financier’s apartment that could be crucial to the case, leaving prosecutors in a race against time to get them to Milan as trial hearings get underway this week.
The Geneva raid uncovered a briefcase belonging to Emeka Obi, a middleman who received millions of dollars from the deal and is in the dock along with several senior Shell and Eni executives.
Inside the briefcase, Swiss prosecutors found a laptop, two Nigerian passports, five sim cards and a hard drive containing 41,000 documents that prosecutors believe could be crucial to the trial playing out on the other side of the Alps.
The stakes are high. Italian prosecutors allege that, of the total $1.3bn fee paid by Shell and Eni for the oil field, $1.1bn went not into the coffers of the Nigerian state but the accounts of former oil minister Dan Etete who then distributed hundreds of millions to well-connected individuals, including former president Goodluck Jonathan.
The amount distributed as bribes is more than the entire Nigerian healthcare budget for 2018, in a country where 87 million people live in extreme poverty – more than any other country on earth.
The Geneva apartment belonged to Olivier Couriol, a former Credit Suisse banker who has been named in two other international corruption cases.
(Article continues visit the link above if you are interested...)
$RDS.A The company, on a four-quarter rolling basis, had an operational cash flow of $37 billion while Brent averaged $57 per barrel. Currently, Brent sits at around $76 per barrel or 33% higher. Not only that, the company has a gearing ratio (debt/equity ratio) of 24.7% which is down sequentially from 25%.
$RDS.A Royal Dutch Shell (RDS.A) (NYSE:RDS.B) is a safe high yield investment because we are in the midst of an oil bull run in my opinion.
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