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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.
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)?
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 53-min Q&A session with analysts:
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.
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
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.
WSJ musings on SHEL’s CEO change:
https://www.wsj.com/articles/for-shells-priorities-follow-the-money-11663265679
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
SHEL derives only 4% of its global profit from the UK, so the “windfall profits” tax will barely affect the bottom line.
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
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.
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.
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.
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.
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!
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