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Shell PLC (SHEL)

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idpickering
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Re: Shell PLC (SHEL)

#338855

Postby idpickering » September 8th, 2020, 7:11 am

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

https://www.investegate.co.uk/royal-dut ... 0000H6191/

Also posted on HYP Practical Board.

idpickering
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Re: Shell PLC (SHEL)

#343827

Postby idpickering » September 30th, 2020, 7:05 am

Shell third quarter 2020 update note

This is an update to the third quarter 2020 outlook provided in the second quarter results announcement on July 30, 2020. The impacts presented here may vary from the actual results and are subject to finalisation of the third quarter 2020 results.


Unless otherwise indicated, presented impacts relate to Adjusted Earnings on a post-tax basis.

INTEGRATED GAS

◾Production is expected to be between 820 and 860 thousand barrels of oil equivalent per day.
◾LNG liquefaction volumes are expected to be between 7.9 and 8.3 million tonnes.
◾Trading and optimisation results are expected to be below average.
◾A one-off tax charge is expected to have a negative impact on Adjusted Earnings in the range of $100 to $200 million, no cash impact is expected in the third quarter.
◾Approximately 80% of our term sales of LNG in 2020 have been oil price linked with a price-lag of up to 6 months. Consequently, lower realised prices due to this price-lag are expected to have a significant impact on LNG margins in the third quarter.
◾CFFO can be impacted by margining resulting from movements in the forward commodity curves up until the last day of the quarter. Margining inflows are expected to be in line with the second quarter 2020.

UPSTREAM
◾Production is expected to be between 2,150 and 2,250 thousand barrels of oil equivalent per day, which includes a production impact of 60 to 70 thousand barrels of oil equivalent per day from hurricanes in the US Gulf of Mexico.
◾Realised liquids prices in the first two months of this quarter reflected a 15 to 20 percent discount to Brent, similar to the discount in the second quarter 2020. Realised gas prices are trending in line with Henry Hub.
◾Depreciation is expected to be at a similar level as in the second quarter 2020.
◾Similar to the second quarter 2020, while Adjusted Earnings are expected to show a loss, CFFO is not expected to reflect equivalent cash tax effects due to the build-up of deferred tax positions in a number of countries.


https://www.investegate.co.uk/royal-dut ... 0000H9679/

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Re: Shell PLC (SHEL)

#343837

Postby Wizard » September 30th, 2020, 7:36 am

https://www.bbc.co.uk/news/business-54351815
Shell to cut up to 9,000 jobs as oil demand slumps

idpickering
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Re: Shell PLC (SHEL)

#351539

Postby idpickering » October 29th, 2020, 7:19 am

ROYAL DUTCH SHELL PLC THIRD QUARTER 2020 PRESS RELEASE

https://www.investegate.co.uk/royal-dut ... 0100H5011/

Also, ROYAL DUTCH SHELL PLC 3RD QUARTER 2020 UNAUDITED RESULTS

https://www.investegate.co.uk/royal-dut ... 0000H5005/

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Re: Shell PLC (SHEL)

#362449

Postby idpickering » December 3rd, 2020, 7:07 am

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

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 12.48p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by November 27, 2020 will be entitled to a dividend of US$0.1665 or €0.1386 per B Share, respectively


Ex Div 12 Nov 20, paid 16 Dec 20.

https://www.investegate.co.uk/royal-dut ... 0000H3662/

idpickering
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Re: Shell PLC (SHEL)

#362542

Postby idpickering » December 3rd, 2020, 11:29 am

Royal Dutch Shell advance notice of Q4 2020 results announcement

On Thursday February 4th 2021 at 07:00 GMT (08:00 CET and 02:00 EST) Royal Dutch Shell plc will release its fourth quarter results and fourth quarter interim dividend announcement for 2020.


https://www.investegate.co.uk/royal-dut ... 0000H3724/

idpickering
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Re: Shell PLC (SHEL)

#368213

Postby idpickering » December 21st, 2020, 7:08 am

Shell fourth quarter 2020 update note

Here; https://www.investegate.co.uk/royal-dut ... 0000H6970/

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Re: Shell PLC (SHEL)

#368223

Postby Dod101 » December 21st, 2020, 8:33 am

idpickering wrote:Shell fourth quarter 2020 update note

Here; https://www.investegate.co.uk/royal-dut ... 0000H6970/


Not very encouraging.

Dod

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Re: Shell PLC (SHEL)

#368231

Postby Dod101 » December 21st, 2020, 9:14 am

Yes it should make for an interesting first quarter next year, seeing the results for this very strange year, a new strategy for Shell, hopefully reinstatement of dividends by the banks and so on.

Dod

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Re: Shell PLC (SHEL)

#373050

Postby idpickering » January 4th, 2021, 3:45 pm

Designation of EU Home Member State for regulatory purposes

Following the exit of the United Kingdom from the European Union and the end of the transition period, Royal Dutch Shell plc ("Shell") hereby announces that the EU Home Member State of Shell for the purposes of the EU Transparency Directive (Directive 2004/109/EC, as amended) will be the Netherlands.

As a consequence, going forward Shell will file certain regulatory information with the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, or AFM) in accordance with applicable EU and Dutch law. Major shareholders will have to report substantial holdings in Shell to the AFM in accordance with applicable Dutch law, in addition to their ongoing disclosure obligations under the UK Disclosure Guidance and Transparency Rules (DTR). Shell’s status as a UK PLC, headquartered in The Netherlands, remains the same.


https://www.investegate.co.uk/royal-dut ... 2001H8797/

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Re: Shell PLC (SHEL)

#373390

Postby absolutezero » January 5th, 2021, 11:36 am

idpickering wrote:Designation of EU Home Member State for regulatory purposes

Following the exit of the United Kingdom from the European Union and the end of the transition period, Royal Dutch Shell plc ("Shell") hereby announces that the EU Home Member State of Shell for the purposes of the EU Transparency Directive (Directive 2004/109/EC, as amended) will be the Netherlands.

As a consequence, going forward Shell will file certain regulatory information with the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, or AFM) in accordance with applicable EU and Dutch law. Major shareholders will have to report substantial holdings in Shell to the AFM in accordance with applicable Dutch law, in addition to their ongoing disclosure obligations under the UK Disclosure Guidance and Transparency Rules (DTR). Shell’s status as a UK PLC, headquartered in The Netherlands, remains the same.


https://www.investegate.co.uk/royal-dut ... 2001H8797/

Colour me shocked! There was me thinking they might choose Portugal or Italy! :lol:

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Re: Shell PLC (SHEL)

#373725

Postby Heinous » January 6th, 2021, 9:57 am

absolutezero wrote:Colour me shocked! There was me thinking they might choose Portugal or Italy! :lol:

If they'd chosen Italy, they'd have had to ditch the 'Royal' as well as the 'Dutch'. So Portugal had to be favourite! ;)

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Re: Shell PLC (SHEL)

#383518

Postby idpickering » February 4th, 2021, 7:14 am


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Re: Shell PLC (SHEL)

#383524

Postby Dod101 » February 4th, 2021, 7:29 am

Whatever spin they put on them these numbers are pretty awful surely. It is amazing the difference in the Press Release from the bare numbers on their website. Still, they must have some optimism as they are signalling an increase in the dividend for the first quarter of 2021, They have a strategy day coming up so it will be interesting to hear what they say then. As it is, free cash flow is about the only positive because borrowings are up, it seems at least in part to help pay for the dividend.

Dod

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Re: Shell PLC (SHEL)

#383534

Postby Dod101 » February 4th, 2021, 8:31 am

ReallyVeryFoolish wrote:
Dod101 wrote:Whatever spin they put on them these numbers are pretty awful surely. It is amazing the difference in the Press Release from the bare numbers on their website. Still, they must have some optimism as they are signalling an increase in the dividend for the first quarter of 2021, They have a strategy day coming up so it will be interesting to hear what they say then. As it is, free cash flow is about the only positive because borrowings are up, it seems at least in part to help pay for the dividend.

Dod

As with BP, it's likely as bad as it gets presently. Shell made some heavy duty write offs recently in Australian LNG, especially on Prelude. Sadly, Prelude, it seems, has been a gamble too far and I guess mega-FLNG will be one of those "seemed like a good idea at the time" ventures. But the last time I looked, gas revenues were exceeding oil revenues and pulling away, which is promising in reducing corporate carbon footprint. And with Brent closing in on $60, with a supply side crunch just a matter of time - I am optimistic for Shell.

RVF


You will know a lot more than me about this business but according to the figures released this morning, for the year 2020, Oil Revenues were $128 billion against Gas revenues of only $33 billion. Gas was down by a mere 25% and Oil by well over 50%.

Anyhow they have a Strategy Day coming up and it will be interesting to see what that tells us. AS I think I said, the fact that they are trailling an increase in the dividend for the first quarter of 2021 is surely encouraging.

Dod

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Re: Shell PLC (SHEL)

#385552

Postby idpickering » February 11th, 2021, 7:04 am

SHELL ACCELERATES DRIVE FOR NET-ZERO EMISSIONS WITH CUSTOMER-FIRST STRATEGY

In same item, this;

FINANCIAL RESILIENCE AND PROFITABLE GROWTH THROUGH DISCIPLINED CAPITAL ALLOCATION

Shell reiterated its cash priorities to deliver value for shareholders today while growing value for tomorrow, including:
◾Maintain the progressive dividend policy, increasing dividend per share by around 4% per year, subject to Board approval.
◾Retain near-term annual Cash capital expenditure of $19-22 billion.
◾Reduce net debt to $65 billion.
◾On reducing net debt to $65 billion, target total shareholder distributions of 20-30% of cash flow from operations; increased shareholder distributions achieved through a combination of Shell’s progressive dividends and share buybacks.
◾Disciplined and measured capital expenditure growth balanced with additional shareholder distributions and further strengthening of our balance sheet.

In the near term we expect to maintain underlying operating expenses of no higher than $35 billion, and pursue divestments averaging $4 billion a year. Over time the balance of capital spending will shift towards the businesses in the Growth pillar, attracting around half of the additional capital spend. Cash flow will follow the same trend and in the long term will become less exposed to oil and gas prices, with a stronger link to broader economic growth.


https://www.investegate.co.uk/royal-dut ... 0000H5870/

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Re: Shell PLC (SHEL)

#389460

Postby idpickering » February 24th, 2021, 10:44 am

Royal Dutch Shell advance notice of Q1 2021 results announcement

On Thursday April 29th 2021 at 07:00 BST (08:00 CEST and 02:00 EDT) Royal Dutch Shell plc will release its first quarter results and first quarter interim dividend announcement for 2021.


https://www.investegate.co.uk/royal-dut ... 1211H8420/

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Re: Shell PLC (SHEL)

#389564

Postby monabri » February 24th, 2021, 2:46 pm

idpickering wrote:Royal Dutch Shell advance notice of Q1 2021 results announcement

On Thursday April 29th 2021 at 07:00 BST (08:00 CEST and 02:00 EDT) Royal Dutch Shell plc will release its first quarter results and first quarter interim dividend announcement for 2021.


https://www.investegate.co.uk/royal-dut ... 1211H8420/



With Brent rising in almost a straight line from $37.57 per bll at the end of October 2020 to a tad over $66, It should be a more pleasant read (fingers crossed).

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Re: Shell PLC (SHEL)

#389886

Postby monabri » February 25th, 2021, 10:48 am

I'm guessing that there is a sweet spot for oil prices. If the price of oil is low, the oil companies don't make a profit whereas if the price is too high then the alternative energy options become increasingly attractive.

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Re: Shell PLC (SHEL)

#394481

Postby idpickering » March 11th, 2021, 7:26 am

A couple of announcements from Shell today.

APPOINTMENT OF NEW CHAIR AND OTHER BOARD AND COMMITTEE CHANGES

The Board of Directors of Royal Dutch Shell plc (the "Company") has announced the appointment of Sir Andrew Mackenzie as the new Company Chair with effect from the conclusion of Shell’s 2021 Annual General Meeting, scheduled for May 18, 2021. Andrew will succeed Chad Holliday who will step down on May 18 having served as Chair for six years and as a Board Director since September 2010.

Andrew Mackenzie, a British national, joined Shell’s Board in October 2020, after a distinguished career in the energy, petrochemicals and resources sector, latterly as Group CEO of BHP from 2013 to 2019. From 2004 to 2007, at Rio Tinto, he was Head of Industrial Minerals and Diamonds. Prior to this, over a 22-year career at BP, he held senior leadership roles in exploration, research and development, and chemicals. His contributions to geochemistry and earth science led to his appointment as a Fellow of the Royal Society in 2014, and he received a knighthood in 2020 for his services to business, science and technology. Andrew brings to Shell his experience of leadership, his global outlook, and a deep understanding of the energy business and climate action.

The search for the new Chair was led by Euleen Goh, Deputy Chair and Senior Independent Director. The thorough and robust process included engagement with some of Shell’s larger investors, seeking input on the skills, attributes and sector knowledge that they considered important for the role. In addition to proven experience of leading a large, complex international organisation, the requirement was for someone with significant experience in capital discipline and with the ability to balance, and judge the timing, of the transformational changes that Shell needs to make.


Full item here;

https://www.investegate.co.uk/royal-dut ... 0447H1691/

And this too;

Shell publishes Annual Report and Accounts

https://www.investegate.co.uk/royal-dut ... 0540H1692/


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