Shell Plc (SHEL)

[DewDiligence]

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.)

[LasNubes]

Thanks for posting the link

[DewDiligence]

Shell 1Q21 CC slides:

https://www.shell.com/investors/results-and-reporting/quarterly-results/2021/q1-2021/_jcr_content/par/grid_copy/p1/toptasks.stream/1619620887989/364696462324d3edc876bb63e7cb40a0d88cc7c8/q1-2021-slides.pdf

[The Value Investor]

OK, thanks.

[DewDiligence]

Shell is discussed on #board-15427. Regards, Dew

[The Value Investor]

Not an active board here. :)

[The Value Investor]

Thanks for all the input here.

[GreekSeas0ning]

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.

[DewDiligence]

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.

[benfrankledger]

Understood makes sense.

[DewDiligence]

Yes, it is and always has been, but the linkage is not necessarily beneficial to Shell these days.

[benfrankledger]

I thought it was always linked LNG / Brent?

[benfrankledger]

Glad to have your input on the board. Tough time in the industry but a lot of great buying opportunities.

[DewDiligence]

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.

[Ekdom]

Thanks, new here. I have a lot of reading to do. :)

[Almosthere]

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!

[Conscious_AI_Project]

RDS.A ---> $79.00 USD / SHR

[LasNubes]

Finally jumped back in here. Oil patch seems to be stirring from a sound sleep?

[DewDiligence]

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

[Watts Watt]

https://topforeignstocks.com/stock-lists/the-full-list-of-grocery-store-stocks-trading-on-the-nyse/

[Conscious_AI_Project]

Pray tell, by all means. Which grocery stocks would you recommend as a buy ?

Much better time to buy retail grocery stocks.

[Conscious_AI_Project]

NOW, is the time to acquire oil stocks !
The coronavirus will extinguish itself late this spring and business will recover.

[dshade]

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.

[Mattordaddy]

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/

[benfrankledger]

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.

[DewDiligence]

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

Oil giant Royal Dutch Shell aims to become the world’s largest electricity company without necessarily generating very much power.

…Hoping to capture the most profitable part of the business, Shell’s power strategy will be light on assets and focus on trading electricity generated by others.

Isn’t this what Enron was doing?

See #msg-139680223 for related story.

[DewDiligence]

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

[farml1234]

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...)

[benfrankledger]

$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%.

[benfrankledger]

$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.

[DewDiligence]

Shell is serious about the power business: #msg-139680223.

[emailcheque]

deal with the Nam is bad , the damage from yesterday you pay the dammage from tommorow how pay then , spend more buy the houses and they can build earth shaken houses on a saver place and the nam dont have to stop directly and can pay it all , 3 share holders pay 5 miljard(total 15) and the problems are fixt.

[l_winthorpe]

Royal Dutch Shell (RDS.A, RDS.B) cancels a deal to sell its Dansk Shell unit but says its $30B divestment program remains on track to be completed this year.

[benfrankledger]

Solid deal here. Eager to see how things progress year end. 2018 is a bullish cash for oil stocks in my opinion.

[eFinanceMarkets]

$RDS.A Australia will not impose export curbs on east coast LNG producers

Australia will hold back from imposing curbs on exports of liquefied natural gas after producers agreed to put more gas into the domestic market to ease energy shortages on the east coast, Prime Minister Turnbull says.

The agreement follows six months of government pressure on LNG producers, led by Royal Dutch Shell (RDS.A, RDS.B), ConocoPhillips (NYSE:COP), Origin Energy (OTCPK:OGFGF) and Santos (OTCPK:STOSF), who have been blamed for sapping the local market of gas and driving up prices.

Turnbull says the companies promised to fill a supply shortage estimated by the Australian Energy Market Operator at up to 107 petajoules in 2018 and 102 petajoules in 2019.

Australia, the world's no. 2 exporter of LNG, has suffered from blackouts in recent years when energy demand soared and generators were unable to find enough gas to maintain electricity supply.

[eFinanceMarkets]

$RDS.A Colonial Pipeline to reopen key segment; Valero ramping up Texas refineries

Colonial Pipeline says it expects to restart the main distillate line between Houston and Hebert, Tex., tomorrow and the gasoline line between the two points by Tuesday after being shut by Hurricane Harvey.

Colonial’s system east of Lake Charles, La., continues to operate, but the company has warned that deliveries would be affected by reduced supplies.

Colonial is the biggest U.S. refined products system, and feeds markets such as New York, Washington and Atlanta; it is owned by Koch Industries, South Korea’s National Pension Service, Royal Dutch Shell (RDS.A, RDS.B), among others.

Valero Energy (NYSE:VLO) says it is ramping up production at its 293K bbl/day Corpus Christi, Tex., refinery and 89K bbl/day Three Rivers, Tex., refinery; the 225K bbl/day Texas City refinery is operating at full production.
Power reportedly has been restored at Total's (NYSE:TOT) 225K bbl/day Port Arthur, Tex., refinery.

Also, Phillips 66 (NYSE:PSX) is requesting a Jones Act waiver to allow it to use foreign vessels to move crude and other products to and from its 260K bbl/day Alliance refinery in Louisiana.

~5.5% of U.S. Gulf of Mexico oil output, or 96K bbl/day, remains shut due to Harvey, according to the latest figures from the federal Bureau of Safety and Environmental Enforcement.

[dinosaurbob]

Tripled earning report today. Stock should go higher now. I am in for the long term RDS.A & B

[eFinanceMarkets]

$RDS.A Shell +1.2% as Q2 profit triples, cash flow hits highest since oil slump

Royal Dutch Shell (RDS.A, RDS.B) +1.2% premarket after reporting better than expected Q2 earnings on a 23.5% Y/Y revenue increase.

Shell says Q2 profit on a current cost of supplies basis and excluding exceptional items more than tripled to $3.6B from $1B in the same period last year and beating the $3.2B analyst consensus estimate, although the figure was lower than the $3.8B in Q1, reflecting the recent drop in crude prices.

Shell’s downstream business was the strongest engine of growth, with earnings rising 39% Y/Y to $2.5B, profits in the integrated gas division jumped by more than a third to $1.2B, while upstream earnings were just $339M but E&P posted a $1.3B loss in the same period last year; Q2 total oil and gas production was little changed at 3.5M boe/day.

Shell's cash flow from operations rose to $11.3B from $9.5B in Q1, its highest level since the oil price slump started in 2014; gearing dropped to 25.3% from 28.1% a year ago, and net debt fell for a third straight quarter to $66.4B from $72B at the end of Q1, as Shell sold assets from Canada to Australia as part of its $30B divestment program.

“Shell is showing it’s not just about disposals, but the entire business itself that is driving earnings," says BMO analyst Brendan Warn. Shell's "cash flow is very robust and the industry itself is learning to live with oil at these prices."

[oxnous]

Now it looks like oil is going to go below $40 a barrel.

[eFinanceMarkets]

Shell, Qatar Gas sign new five-year LNG deal

Qatar Gas signs a new agreement to deliver as much as to 1.1M metric tons/year of liquefied natural gas to Royal Dutch Shell (RDS.A, RDS.B) over a five-year period.

Qatar Gas says the agreement will begin in January 2019 and be supplied by the Qatargas 4 project, a joint venture between Qatar Petroleum (70%) and Shell (30%).

The LNG is expected to be delivered into either the Dragon LNG terminal in the U.K. or the Gate terminal in the Netherlands; Shell controls 50% of the 4.4M metric tons/year Dragon terminal and has offtake out of the Gate LNG terminal.

[benfrankledger]

That's a large settlement wow.

[eFinanceMarkets]

Shell diverts U.S. LNG cargo to Dubai amid Qatar diplomatic dispute

In an example of the impact on shipping from the spat between Saudi Arabia and Qatar, Royal Dutch Shell (RDS.A, RDS.B) has diverted a liquefied natural gas cargo from the U.S. away from Kuwait to Dubai, which normally gets its LNG from Qatar.

Shell has a deal to supply the Dubai Supply Authority with LNG, but bans on Qatari vessels entering ports in the United Arab Emirates, imposed after several Arab countries cut diplomatic and transport links with Qatar, meant the LNG had to come from elsewhere.

Shell had said yesterday that its business in Qatar was not experiencing any operational disruptions.

[conix]

RDS chart

[eFinanceMarkets]

Shell says Geismar olefins expansion project still on schedule

Royal Dutch Shell (RDS.A, RDS.B) says it remains on schedule in the construction of its $717M project to increase alpha olefins production at its Geismar, La., chemical manufacturing plant, which will become the world's largest AO production site.

Shell says the 425K metric tons/year AO unit, which will join three existing units at the site, will begin commercial production by year-end 2018.

Shell plans to supply the Geismar expansion with ethylene feedstock from its nearby Norco, La., and Deer Park, Tex., manufacturing sites, which would bring total AO production at Geismar to more than 1.3M tons/year.

[eFinanceMarkets]

Reuters: Shell seeks $500M in sale of Tunisian gas assets

Royal Dutch Shell (RDS.A, RDS.B) is seeking to sell its gas fields in Tunisia for ~$500M, Reuters reports, as the company moves ahead with its $30B disposal program aimed at reducing debt following its takeover of BG Group last year.

The Tunisian assets include two offshore gas fields - Miskar, fully owned by Shell and Hasdrubal, 50% owned by Shell - as well as an onshore production facility.

The assets, which comprise nearly two-thirds of Tunisia's gas production, were acquired in the BG acquisition.

[eFinanceMarkets]

Shell, Aramco divide up Motiva JV assets

Royal Dutch Shell (RDS.A, RDS.B) and Saudi Aramco complete the separation of the assets, liabilities and businesses of their U.S.-based refining and marketing joint venture.

Shell now holds sole ownership of the 235K bbl/day Norco refinery, where subsidiary Shell Chemical already operates a petrochemical plant, and the 242,250 bbl/day Convent refinery, which Motiva previously said will be integrated to create the Louisiana Refining System, as well as 11 distribution terminals.

Alongside retaining 24 distribution terminals, the Saudis take 100% ownership of the 600K bbl/day Port Arthur, Tex., refinery and maintains an exclusive, long-term license to use the Shell brand for gasoline and diesel sales in several southern U.S. states.

[eFinanceMarkets]

Reuters: Shell Convent refinery HCU restart stopped due to leak

Royal Dutch Shell (RDS.A, RDS.B) has halted the restart of the heavy oil hydrocracking unit at its 235K bbl/day Convent, La., refinery because of a leak, Reuters reports.

Refinery officials had decided last week to shelve plans to keep the hydrocracker unit shut for three months to repair cracks in welds seen in X-ray photographs, concluding that the X-rays had been misread, according to the report.

Shell became the sole owner of the Convent refinery yesterday when it and previous refinery co-owner Saudi Aramco divided the assets of their Motiva Enterprises joint venture.

[eFinanceMarkets]

Dutch court orders Shell-Exxon criminal probe over quakes

A Dutch court orders prosecutors to open an investigation into whether the Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM) joint venture that oversees production at the Groningen gas field bears any criminal responsibility for earthquakes.

Several small quakes caused by production at the country's largest gas field have damaged thousands of buildings and structures across the Groningen province, and prosecutors previously have declined to act but an appeals court is now directing them to open an investigation.

The JV, which has accepted civil responsibility for damage caused by the quakes and is paying damages of more than €1B ($1.1B), says it is surprised by the decision.

[benfrankledger]

Interesting, they are upset when they put them in and when they take them out?

[eFinanceMarkets]

Shell opens treatment plant In Argentina's Vaca Muerta shale play

Royal Dutch Shell (RDS.A, RDS.B) says it has opened a treatment plant for shale oil and gas in Argentina's Vaca Muerta shale play.

Shell says the plant has the capacity to process up to 10K bbl/day from the Sierras Blancas, Cruz de Lorena and Coiron Amargo Sur Oeste blocks the company operates.

The plant is part of Shell's plan to invest $300M/year through 2020 in Argentina in exploration, refining, distribution and marketing.