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June, 2019:

Shell to return $125B to shareholders in 5 years

By Published: June 4, 2019 3:07 a.m. ET

Royal Dutch Shell PLC RDSB expects to return $125 billion or more to shareholders from 2021 to 2025 via dividends and buybacks, the Anglo-Dutch company said Tuesday.

The integrated energy giant raised its guidance for organic free cash flow in 2025 to $35 billion at an oil price of $60 a barrel.

Shell said the expected shareholder returns are an increase on the period ending in 2020, where shareholder returns are anticipated at around $90 billion.

The company said it expects to raise its dividend when it is closer to completing the current $25 billion share-buyback program. Shell maintained its quarterly dividend in the first quarter of the year at 47 cents a share. read more

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FT: Cash boost primes Shell for more spending

The Anglo-Dutch energy major has, like its peers, spent the last few years cutting costs as it recovered from the 2014 oil price crash. It has also sought to cut debt after its $53bn deal for BG Group in 2016. Shell, in strategy update on Tuesday, said it planned to invest $30bn per year between 2021-25, up from a prior range of $25—30bn.

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INDEPENDENT: Shell promises investors a gusher of money but what about climate change?

The market greeted the oil major’s latest update with a sceptical shrug 

Shell CEO Ben van Beurden’s attempt to power up the company’s share price with a much-ballyhooed strategic update didn’t do much to energise the markets.

The oil giant held out the prospect of a gusher of money for investors between 2021 and 2025, promising to return $125bn (£99bn) in dividends and share buybacks, more than double the number of a decade earlier. It also increased its capital investment estimate a bit, to an average of $30bn in the five years to 2025.

A neat looking trick the company says it can pull off with oil at $60 a barrel, with cash expected to flow freely from new projects. But the shares still fell in response. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Management Day 2019

Management Day 2019: Shell, Strongly Positioned for the Future of Energy, Provides Strategy Update and Financial Outlook to 2025

SHELL CEO BEN VAN BEURDEN

NEWS PROVIDED BY

Royal Dutch Shell plc

Jun 04, 2019, 02:12 ET

Shell refreshes strategy for the energy future as it builds on strong foundation

The company is on track to deliver on its 2020 commitments; now increases organic free cash flow outlook to around $35 billion for 2025 at $60 per barrel (real terms, 2016)

Shell’s expected cash delivery creates the potential to distribute $125 billion or more to shareholders (dividends and share buybacks) over the five-year period of 2021-2025 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Reuters: Shell eyes dividend and spending boost after 2020

Ron Bousso: JUNE 4, 2019

LONDON (Reuters) – Royal Dutch Shell on Tuesday outlined plans to increase spending and dividends after 2020 in a show of confidence by the energy company despite an uncertain outlook for oil and gas prices.

In a strategy update, the Anglo-Dutch company said it was on track to deliver its previous commitments to increase cash generation and carry out one of the world’s largest share buyback programs of $25 billion by the end of next year.

Shell, the world’s second-largest listed oil and gas company after Exxon Mobil, underwent deep cost cuts following the 2016 acquisition of smaller rival BG Group for $53 billion and the collapse of oil prices in late 2014. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell CEO Ben van Beurden guest at royal banquet hosted by Queen Elizabeth II

BY

U.S. President Donald Trump, First Lady Melania Trump, and his adult children were treated on Tuesday night to a royal banquet hosted by Queen Elizabeth II during the American leader’s state visit to the U.K.

In footage from the event at Buckingham Palace, President Trump is seen seated next to Queen Elizabeth II to his left, and Camilla, Duchess of Cornwall, to his right. Melania Trump is seated to the left of Prince Charles, who is also seated by his mother. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

BBC News: BP to pay billions in suspicious Senegal gas deal

03 JUNE 2019

BP has agreed to pay around $10bn (£8bn) to a businessman involved in a suspicious energy deal.

The energy giant bought Frank Timis’ stake in a gas field off the coast of Senegal for $250 million in 2017.

But documents obtained by BBC Panorama and Africa Eye reveal that BP will also pay his company between $9bn and $12bn in royalties.

Both BP and Mr Timis deny any wrongdoing. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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