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SHEL—Environmental activists put North Sea project at risk:
https://finance.yahoo.com/news/stopping-north-sea-drilling-risks-134337235.html
SHEL reports_2Q24_results—starts_another $3.5B buyback to be completed by 10/31/24:
https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-060300637.html
https://www.shell.com/investors/results-and-reporting/quarterly-results/latest-results.html#quarterly-results-presentation%20%20
The new buyback program is in addition to the $7B of buybacks SHEL executed during 2024 to date. Despite these buybacks, SHEL reduced its net debt by $2B during 2Q24.
2Q24 CC slides:
https://www.shell.com/investors/results-and-reporting/quarterly-results/latest-results/_jcr_content/root/main/section/simple/call_to_action_copy/links/item2.stream/1722485175909/97dd415ca93d3e812567420bd4e2c9f56cdbaeef/q2-2024-slides.pdf
SHEL reports 1Q24 results—starts_another $3.5M buyback:
https://finance.yahoo.com/news/shell-plc-1st-quarter-2024-060000060.html
The new $3.5B buyback will be completed by the time SHEL reports 2Q24 results on 8/1/24 (https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-060300825.html ).
SHEL has already repurchased $3.5B of stock during 2024 to date.
SHEL pulls back on—(unrealistic)—decarbonization goals:
https://finance.yahoo.com/news/shell-oil-revises-climate-goals-220000675.html
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
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%.
SHEL says_its_own_stock_is_a_better investment than M&A; 5-minute promotional video from CFO:
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
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.
New $3B share buyback to_be_completed_by 11/1/23:
https://finance.yahoo.com/news/shell-announces-commencement-share-buyback-060300043.html
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
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
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
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!!!
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
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.
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.
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
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.
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
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