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Shell PLC (SHEL)

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idpickering
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Re: Shell PLC (SHEL)

#395620

Postby idpickering » March 15th, 2021, 7:07 am

ROYAL DUTCH SHELL PLC FOURTH QUARTER 2020 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS

https://www.investegate.co.uk/royal-dut ... 0000H2285/

Also posted on HYP Practical.

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Re: Shell PLC (SHEL)

#402171

Postby idpickering » April 7th, 2021, 7:07 am

Shell first quarter 2021 update note

The Texas winter storm had an impact on our operations and is expected to have an aggregate adverse impact of up to $200 million on Adjusted Earnings, individual segmental impacts are further detailed below.

INTEGRATED GAS

•Production is expected to be between 920 and 960 thousand barrels of oil equivalent per day.
•LNG liquefaction volumes are expected to be between 7.8 and 8.4 million tonnes.
•Pre-tax depreciation is expected to be between $1.3 and $1.4 billion.
•Trading and optimisation results are expected to be significantly below average.
•Approximately 80% of our term sales of LNG in 2020 have been oil price linked with a price-lag of up to 6 months. The volatility of the JKM spot price in January had limited impact on Adjusted Earnings.
•Operational and net financial impact from the Texas winter storm is expected to be limited as trading margins are offset by provisions due to related counterparty credit risk.
•CFFO is expected to be impacted by a working capital outflow driven by increased receivables reflecting the higher commodity price environment.
•CFFO excluding working capital is expected to be not significantly impacted by cash flows related to commodity derivatives.


Full item here; https://www.investegate.co.uk/royal-dut ... 0000H6864/

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Re: Shell PLC (SHEL)

#402205

Postby monabri » April 7th, 2021, 9:37 am

"CFFO is expected to be impacted by a working capital outflow driven by increased receivables reflecting the higher commodity price environment."

I think that is good but I don't really understand the interelation of cash flow from ops/ receivables/ working capital outflow and the rest of the sentence other than oil as a commodity is trading at a much higher price than 6m ago.

More importantly...which way is the divi going ( the margins on a barrel are improving so hopefully the answer is "up"......)?

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Re: Shell PLC (SHEL)

#402208

Postby Dod101 » April 7th, 2021, 9:42 am

monabri wrote:"CFFO is expected to be impacted by a working capital outflow driven by increased receivables reflecting the higher commodity price environment."

I think that is good but I don't really understand the interelation of cash flow from ops/ receivables/ working capital outflow and the rest of the sentence other than oil as a commodity is trading at a much higher price than 6m ago.

More importantly...which way is the divi going ( the margins on a barrel are improving so hopefully the answer is "up"......)?


I don't understand any of that and will just wait for the First Quarter figures. As for the dividend at the time of the full year 2020 results they signalled an increase in the dividend at this time. We will see.

Dod

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Re: Shell PLC (SHEL)

#402210

Postby scrumpyjack » April 7th, 2021, 9:51 am

As oil prices go up, a given quantity of oil sold will command a higher price so debtors will rise as customers owe more to Shell. (Receivables = amounts receivable from customers)

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Re: Shell PLC (SHEL)

#402242

Postby dealtn » April 7th, 2021, 11:12 am

scrumpyjack wrote:As oil prices go up, a given quantity of oil sold will command a higher price so debtors will rise as customers owe more to Shell. (Receivables = amounts receivable from customers)


That's true of course, but with a higher oil price there should be more income, of which the same proportion will "yet to be received". The use of the word impacted is interesting in that context as cash received from selling the same amount of a higher priced product should go up (just not by the full amount of the increase).

I wouldn't expect CFFO itself to be down (or impacted in the way I use language), but would expect to see a higher proportion of working capital in the receivable part of working capital, when compared with previous periods.

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Re: Shell PLC (SHEL)

#404384

Postby idpickering » April 15th, 2021, 7:05 am

Notice of 2021 AGM and Shell Energy Transition Strategy

NOTICE OF 2021 ANNUAL GENERAL MEETING AND SHELL ENERGY TRANSITION STRATEGY
• Virtual attendance and participation enabled for the Annual General Meeting (“AGM”)
• Shareholders encouraged to vote in advance of the AGM, but voting is also enabled during the meeting
• Board requests support for energy sector’s first shareholder advisory vote on an energy transition strategy

Today, Royal Dutch Shell plc (“Shell”) posted notice of its AGM (the “Notice”), which can be viewed and downloaded from http://www.shell.com/agm. The Notice states that the AGM is scheduled to be held at Shell headquarters, at Carel van Bylandtlaan 16, 2596 HR, The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 18, 2021.

In addition, Shell publishes its Energy Transition Strategy which can also be downloaded in pdf format from http://www.shell.com/agm.

AGM 2021
At the time of drafting the Notice, both the Dutch and UK Governments have banned public gatherings with strict exceptions. We continue to believe that these restrictions, even if eased ahead of our AGM, significantly restrict our ability to safely and effectively plan and hold an AGM with shareholders physically present.

Accordingly, the technical venue of the Company’s AGM will be at our headquarters location at Carel van Bylandtlaan 16, 2596 HR The Hague, The Netherlands. However, in order to protect public safety and prevent the spread of the coronavirus, physical attendance at the meeting will be strictly limited to the Chair, the Chief Executive Officer, the Chief Financial Officer and the Company Secretary. Unfortunately, that necessarily means that physical attendance will not be allowed for any shareholders, including their proxy representatives.

Arrangements for the 2021 AGM
This year our AGM will be webcast, allowing two ways shareholders can follow the proceedings in the comfort and safety of their homes: i) simply watching the webcast; or ii) attending and participating in the webcast by registering through an electronic platform ("virtually attending"). Shareholders who wish to simply watch the webcast should log on to http://www.shell.com/AGM/webcast and follow the online instructions. Shareholders that want to vote or ask questions at the meeting, should access the virtual meeting.

Shareholders wanting to access the meeting virtually should refer to the materials sent to them. Those holding shares via an intermediary, should contact that intermediary for further information.

Shareholders are encouraged to register in the “Keep up to date with Shell” section of the Shell website at http://www.shell.com/investors to receive the latest AGM news.


https://www.investegate.co.uk/royal-dut ... 0000H8527/

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Re: Shell PLC (SHEL)

#407873

Postby idpickering » April 29th, 2021, 7:14 am


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Re: Shell PLC (SHEL)

#417806

Postby idpickering » June 7th, 2021, 7:11 am

ROYAL DUTCH SHELL PLC FIRST QUARTER 2021 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS

The Hague, June 7, 2021 - The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2021 interim dividend, which was announced on April 29, 2021 at US$0.1735 per A ordinary share (“A Share”) and B ordinary share (“B Share”).

Dividends on A Shares will be paid, by default, in euros at the rate of €0.1426 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by May 28, 2021 will be entitled to a dividend of US$0.1735 or 12.26p per A Share, respectively.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 12.26p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by May 28, 2021 will be entitled to a dividend of US$0.1735 or €0.1426 per B Share, respectively.

Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from 2 June to 4 June 2021.

This dividend will be payable on June 21, 2021 to those members whose names were on the Register of Members on May 14, 2021.


https://www.investegate.co.uk/royal-dut ... 0000H9322/

idpickering
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Re: Shell PLC (SHEL)

#425408

Postby idpickering » July 7th, 2021, 7:10 am

Shell second quarter 2021 update note

As a result of strong operational and financial delivery, combined with an improved macro-economic outlook, Shell will move to the next phase of its capital allocation framework and, subject to final Board approval, increase total shareholder distributions to within the range of 20-30% of CFFO, starting at the Q2 results announcement. The level of additional distributions will be determined with full visibility of the Q2 financial results.

In the second quarter, Shell expects to have further reduced its net debt, although the extent of the reduction will be moderated by working capital movements. In conjunction with the increased distributions, Shell will retire its net debt milestone of $65 billion and will continue to target further strengthening of its balance sheet and AA credit metrics. 2021 cash capex will remain below $22 billion.


https://www.investegate.co.uk/royal-dut ... 0000H4920/

idpickering
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Re: Shell PLC (SHEL)

#427236

Postby idpickering » July 13th, 2021, 5:54 am

This item was put up on the HL site Shell page company news segment yesterday, and may be of interest to holders of Shell here;

Shell to join hydrogen production project in Norway

Shell is set to join a project in Norway to produce hydrogen from natural gas while capturing the emissions, Aker Clean Hydrogen announced on Monday.
ACH, Shell and Norwegian CapeOmega signed a memorandum of understanding to build a large-scale hydrogen production facility in western Norway.


https://www.hl.co.uk/shares/shares-sear ... es-eur0.07

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Re: Shell PLC (SHEL)

#429190

Postby monabri » July 20th, 2021, 9:23 pm

https://www.reuters.com/business/sustai ... 021-07-20/

"Royal Dutch Shell (RDSa.L) on Tuesday confirmed it will appeal a Dutch court ruling ordering the energy company to accelerate its carbon emission reduction target."

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Re: Shell PLC (SHEL)

#429193

Postby Dod101 » July 20th, 2021, 9:44 pm

monabri wrote:https://www.reuters.com/business/sustainable-business/shell-confirms-plan-appeal-landmark-dutch-climate-ruling-2021-07-20/

"Royal Dutch Shell (RDSa.L) on Tuesday confirmed it will appeal a Dutch court ruling ordering the energy company to accelerate its carbon emission reduction target."


Good.

Dod

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Re: Shell PLC (SHEL)

#431088

Postby idpickering » July 29th, 2021, 7:27 am

ROYAL DUTCH SHELL PLC PUBLISHES SECOND QUARTER 2021 PRESS RELEASE

https://www.investegate.co.uk/royal-dut ... 0100H8784/

Royal Dutch Shell plc second quarter 2021 interim dividend

https://www.investegate.co.uk/royal-dut ... 0200H8786/

Shell announces commencement of share buybacks

https://www.investegate.co.uk/royal-dut ... 0300H8780/

All the above issued today, separately strangely?

Ian.

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Re: Shell PLC (SHEL)

#431128

Postby Dod101 » July 29th, 2021, 9:02 am

Thanks ian. That is all very encouraging.

Dod

idpickering
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Re: Shell PLC (SHEL)

#431251

Postby idpickering » July 29th, 2021, 3:44 pm

Dod101 wrote:Thanks ian. That is all very encouraging.

Dod



You're most Welcome Dod. I'm glad I held my nerve throughout the early days of COVID 19, and didn't 'run for the hills', and retained my RDSB shares, in fact doubling my holdings at that time. OK, it blotted it's copybook re the dividend cut last year, but that's fast becoming 'old news', and not just metaphorically speaking imho.

Ian.

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Re: Shell PLC (SHEL)

#431390

Postby absolutezero » July 30th, 2021, 10:22 am

idpickering wrote:
Dod101 wrote:Thanks ian. That is all very encouraging.

Dod



You're most Welcome Dod. I'm glad I held my nerve throughout the early days of COVID 19, and didn't 'run for the hills', and retained my RDSB shares, in fact doubling my holdings at that time. OK, it blotted it's copybook re the dividend cut last year, but that's fast becoming 'old news', and not just metaphorically speaking imho.

Ian.

Even in the green economy ('green' being the word to describe those who believe in it), the demand for oil will still be (I read somewhere, though I forget where) around 2/3 of today's demand.
Oil will be around for a long time yet, and with less production (due to the Thunberg lot) the price will go up.
I'm keeping BP and RDSB for this reason and will probably buy more.

Good article from Dominic Frisby (I like his stuff and his way of thinking on a lot of things) here:
https://moneyweek.com/investments/commodities/energy/oil/603633/oil-price-rest-bull-market
even though he says oil companies are not the best way to profit from higher oil prices. He likes BHP instead.

I read BHP may get rid of its oil and gas business
https://www.reuters.com/business/energy/bhp-considering-exiting-oil-gas-business-bloomberg-news-2021-07-20/
Though I suspect they won't when they see the $$$$ signs.

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Re: Shell PLC (SHEL)

#431398

Postby Dod101 » July 30th, 2021, 10:32 am

absolutezero wrote:
idpickering wrote:
Dod101 wrote:Thanks ian. That is all very encouraging.

Dod



You're most Welcome Dod. I'm glad I held my nerve throughout the early days of COVID 19, and didn't 'run for the hills', and retained my RDSB shares, in fact doubling my holdings at that time. OK, it blotted it's copybook re the dividend cut last year, but that's fast becoming 'old news', and not just metaphorically speaking imho.

Ian.

Even in the green economy ('green' being the word to describe those who believe in it), the demand for oil will still be (I read somewhere, though I forget where) around 2/3 of today's demand.
Oil will be around for a long time yet, and with less production (due to the Thunberg lot) the price will go up.
I'm keeping BP and RDSB for this reason and will probably buy more.

Good article from Dominic Frisby (I like his stuff and his way of thinking on a lot of things) here:
https://moneyweek.com/investments/commodities/energy/oil/603633/oil-price-rest-bull-market
even though he says oil companies are not the best way to profit from higher oil prices. He likes BHP instead.

I read BHP may get rid of its oil and gas business
https://www.reuters.com/business/energy/bhp-considering-exiting-oil-gas-business-bloomberg-news-2021-07-20/
Though I suspect they won't when they see the $$$$ signs.


Thanks for that. The Times this morning comments that Shell rather panicked last year and over did their cut but of course I do not what it is to run an oil company and at least they now have the flexibility to change tactics without being shackled by that 'never cut the dividend since WW2' mantra.

Dod

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Re: Shell PLC (SHEL)

#431460

Postby absolutezero » July 30th, 2021, 12:49 pm

Dod101 wrote:
absolutezero wrote:
idpickering wrote:

You're most Welcome Dod. I'm glad I held my nerve throughout the early days of COVID 19, and didn't 'run for the hills', and retained my RDSB shares, in fact doubling my holdings at that time. OK, it blotted it's copybook re the dividend cut last year, but that's fast becoming 'old news', and not just metaphorically speaking imho.

Ian.

Even in the green economy ('green' being the word to describe those who believe in it), the demand for oil will still be (I read somewhere, though I forget where) around 2/3 of today's demand.
Oil will be around for a long time yet, and with less production (due to the Thunberg lot) the price will go up.
I'm keeping BP and RDSB for this reason and will probably buy more.

Good article from Dominic Frisby (I like his stuff and his way of thinking on a lot of things) here:
https://moneyweek.com/investments/commodities/energy/oil/603633/oil-price-rest-bull-market
even though he says oil companies are not the best way to profit from higher oil prices. He likes BHP instead.

I read BHP may get rid of its oil and gas business
https://www.reuters.com/business/energy/bhp-considering-exiting-oil-gas-business-bloomberg-news-2021-07-20/
Though I suspect they won't when they see the $$$$ signs.


Thanks for that. The Times this morning comments that Shell rather panicked last year and over did their cut but of course I do not what it is to run an oil company and at least they now have the flexibility to change tactics without being shackled by that 'never cut the dividend since WW2' mantra.

Dod

No problem.
My own thoughts are that Shell (more so than BP) is a survivor.
It will diversify. I now note you can get Shell Broadband. Whatever that is.

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Re: Shell PLC (SHEL)

#439928

Postby idpickering » September 6th, 2021, 7:07 am

Royal Dutch Shell Plc Second Quarter 2021 Euro and GBP Equivalent Dividend Payments

The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2021 interim dividend, which was announced on July 29, 2021 at US$0.24 per A ordinary share (“A Share”) and B ordinary share (“B Share”).

Dividends on A Shares will be paid, by default, in euros at the rate of €0.2024 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by August 27, 2021 will be entitled to a dividend of US$0.24 or 17.38p per A Share, respectively.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 17.38p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by August 27, 2021 will be entitled to a dividend of US$0.24 or €0.2024 per B Share, respectively.

Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from 1 September to 3 September, 2021.

This dividend will be payable on September 20, 2021 to those members whose names were on the Register of Members on August 13, 2021.


https://www.investegate.co.uk/royal-dut ... 0000H5521/


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