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CEO urges continued free trade and movement post-Brexit

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by Tsveta ZikolovaFriday, 01 Jul 2016, 07:58 BST

Royal Dutch Shell (LON:RDSA) has urged the UK to retain free trade and free movement of people with the European Union in the wake of Brexit, The Telegraph has reported, quoting the Anglo-Dutch group’s chief executive. Ben van Beurden, who backed the Remain camp, further noted that it was not yet clear how the oil major would be affected by the outcome of last week’s vote.

Shell’s share price rallied in yesterday’s session, adding 2.38 percent to end the day at 2,047.5p. The advance was largely in line with gains in the broader London market, with the benchmark FTSE 100 index surging 2.27 percent to close at 6,504.33 points following dovish comments by Bank of England governor Mark Carney. The group’s shares have gained a little over 10 percent over the past year, and are more than 34 percent better off in the year-to-date. read more

Shell share price: Group set to unveil deeper cost cuts

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by Tsveta Zikolova

Monday, 06 Jun 2016, 09:25 BST

Royal Dutch Shell (LON:RDSA) is set to lay out plans for deeper cost cuts and a potential delay in its asset sale programme when it updates investors on its strategy tomorrow, The Sunday Times has revealed. The update will come as the group’s chief executive Ben van Beurden is under increasing pressure to justify the £35-billion acquisition of BG Group which completed earlier this year.

Shell’s share price has advanced in London this morning, having gained 1.55 percent to 1,702.00p as of 08:54 BST, and outperforming the benchmark FTSE 100 index which currently stands 0.73 percent higher at 6,254.90 points. The Anglo-Dutch group’s shares have lost some 10 percent of their value over the past year, but are up more than 11 percent in the year-to-date. read more

Shell Q1 earnings slump to $800m

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Royal Dutch Shell (LON:RDSA) has updated investors on its first-quarter performance this morning, unveiling a hefty drop in earnings, with the oil price rout weighing on the company’s results.

Highlights from Shell’s statement:

Following completion of the acquisition on February 15, 2016, BG Group plc (“BG”) has been consolidated within Royal Dutch Shell’s results. For all practical purposes, this includes February and March 2016, as the impact for the first half of February is deemed immaterial. read more

Shell share price: Barclays sees group in strong position after BG deal

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by Mary MorleyTuesday, 15 Mar 2016

Royal Dutch Shell’s (LON:RDSA) recent acquisition of former London-listed peer BG Group will give it more levers to pull to weather the downturn in oil prices, analysts at Barclays have said. The bank, however, cautions that the enlarged group’s work is ‘far from over’.

Shell’s share price has been subdued in London this morning, having shed 0.48 percent to 1,658.50p as of 08:11 GMT, largely in line with losses in the broader market, with the benchmark FTSE 100 index having fallen 0.55 percent to 6,140.50 points. In the year-to-date, the energy group’s shares have added 8.65 percent, as compared with a 1.61-percent dip in the Footsie. read more

Fitch downgrades Shell on BG takeover

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by Veselin ValchevFriday, 19 Feb 2016

Credit ratings agency Fitch downgraded Royal Dutch Shell Plc (LON:RDSA) by one notch to “AA-“, with a negative outlook, in response to the successful completion of the costly BG Group merger. The agency considers that adding BG’s business to the group has “deteriorated” Shell’s financial profile.

The £36bn takeover included a £13bn cash component, which Shell covered with resources at hand. The Anglo-Dutch oil major said in its Q4 results earlier this month that it had $31.75bn in cash or cash equivalents in reserve at the end of 2015.

Shell plans to restore its balance sheet strength with an ambitious $30bn disposals programme, in addition to cutting billions in capex and opex from the combined group’s spending, while further synergies from the merger are projected to save up to $3bn per year. read more

Shell share price: Canada boss leaves company

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Screen Shot 2015-10-28 at 08.03.29by Veselin ValchevTuesday, 17 Nov 2015, 11:18 GMT

Royal Dutch Shell Plc (LON:RDSA) announced yesterday that the boss of the firm’s Canada division, Lorraine Mitchelmore, is stepping down from the company at the end of 2015, following six years at the helm.

The move comes less than a month after the Anglo-Dutch oil major abandoned its 80,000 barrel per day Carmon Creek thermal oil sands project in Alberta, amid a reshuffle of the firm’s portfolio.

A spokesman for Shell Canada said Mitchelmore’s departure had nothing to do with the decision to shelve Carmon Creek. read more

Shell share price: Oil major sells downstream assets

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by Veselin ValchevMonday, 02 Nov 2015

Royal Dutch Shell Plc (LON:RDSA) announced today that it has completed the sale of two assets from its downstream portfolio as part of its strategy to divest lower-margin businesses, as profits wane amid the depressed oil price.

The Hague-based oil major has completed the sale of its Butagaz liquefied petroleum gas (LPG) business in France to DCC Energy for €464 million (£332 million).

The sale follows a binding offer received by Shell in May, in addition to consultation with staff and regulatory approval, the company noted. read more

Shell share price: Company’s problems extend beyond oil prices, analyst says

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Screen Shot 2015-10-27 at 12.33.24Big bets on shale “destroyed huge amounts of capital” and the company has few growth assets…the firm is far more likely to remain a laggard than become a leader among the oil majors for the rest of this decade…

by Veselin Valchev: Tuesday, 27 Oct 2015

Royal Dutch Shell Plc (LON:RDSA) carries hefty baggage and even if oil prices were to recover back to $100 per barrel, it would not solve all the firm’s problems, argued senior Morningstar analyst Stephen Simko.

Big bets on shale “destroyed huge amounts of capital” and the company has few growth assets, Simko said.

The notable exception is the potential addition of BG Group’s Brazilian operations, should the proposed merger complete successfully. BG’s interests in the Santos Basin are estimated to hold more than three billion barrels of recoverable oil resources and are projected to break even at only $30-35 per barrel. read more

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