New $3B share buyback to_be_completed_by 11/1/23:
SHEL 2Q23 results…
SHEL slide sets from today’s webcast…
Pdf with slides only:
Pdf with slides and prepared remarks:
SHEL boosts dividend, buybacks—cuts 2024-2025 cap-ex:
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):
SHEL reports record-high 2022 profit—boosts dividend—starts_$4B_accelerated_buyback (to be completed before 5/4/23):
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 pre-announces strong 4Q22 results due to LNG business:
SHEL will report official 4Q22 results on 2/2/23.
SHEL acquires European biogas company for $2B:
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:
SHEL’s outgoing CEO is almost begging for a “windfall” tax on oil & gas profits:
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:
SHEL—(-5%)—pre-announces weak 3Q22:
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.
Shell logs_record_quarterly_profit—commits_to $6B share buyback during_next_3_months (in addition to $8.5B buybacks already completed during 2022):
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:
SHEL faces prospect of UK “windfall profits” tax after reporting highest quarterly profit ever:
1Q22 PR (full version):
1Q22 PR (abbreviated version):
Next stage of share-repurchase plan:
Two slide sets from SHEL today….
Integrated Gas Update:
2022 LNG outlook:
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.
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.
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.
SHEL 4Q21 results…
12-min CEO/CFO video:
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).
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
Greenlots, a company that was acquired by oil and energy behemoth Shell almost two years ago.
Barron’s likes Shell—b/c_it’s_cheaper_than XOM/CVX—and_for retail presence:
Which losses are you referring to?
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.)