Posts under ‘Alternative Fuels’

Shell is undergoing a major restructuring which will also result in thousands of job losses.

Green Is Good for Power Traders Chasing $430 Billion Market

Lars Paulsson, Rachel Morison, and Jesper Starn: Published: Nov 22 2020, 10:30 AM: Last Updated:  Nov 22 2020, 1:53 PM

Extracts

Stricter climate targets are spurring investments in wind turbines, solar panels and battery systems, with Bloomberg Intelligence estimating the market may almost double in size in the next 10 years. With the European Union, U.K. and other governments increasingly turning their backs on fossil fuels, companies steeped in that business are looking over the horizon and seeing a new age of electricity. read more

Oil Majors Are Paying The Price For Investing In Renewables

By Alex Kimani – Nov 19, 2020, 7:00 PM CST

Big Oil has been frequently lambasted for trying to burnish its green credentials through half-hearted investments in renewables. That might have been true for much of the past decade, but it appears to be changing as the oil and gas majors have started putting down big money into clean energy. For instance, European oil majors including BP Plc. (NYSE:BP), Royal Dutch Shell (NYSE:RDS.A), Eni SpA (NYSE:E), Total SA (NYSE:TOT), and Norwegian national oil company Equinor ASA (NYSE:EQNR) have already invested billions of dollars in renewable energy and made big clean energy commitments.Yet, Big Oil just can’t seem to catch a break, with stocks of oil and gas companies that are investing heavily in renewables being punished by the markets. read more

English translation of an article published today by the Dutch Financial newspaper, the FD.

Shell and Exxon are aiming for multi-billion dollar green subsidies

Carel Grol: 16 November 2020

Four multinationals that want to store the greenhouse gas CO₂ in an empty gas field off the Dutch coast will apply for a subsidy at the end of this month. According to estimates, this subsidy could amount to around € 1.5 billion.

In brief

• Four multinationals, including Shell, want to participate in a large-scale CO₂ storage project in a gas field under the North Sea.
• It is estimated that a subsidy of € 1.5 billion will be applied for.
• If the subsidy is paid, there will be less money for solar energy.

Four multinationals, including Exxon and Shell, will apply for a subsidy for CO₂ storage in a gas field under the North Sea. This grant is controversial as it is a huge amount for something that has never been done on this scale. There are less than 25 active large CO₂ storage projects worldwide. The so-called Porthos project in the North Sea should really be a breakthrough for Europe. read more

Will Shell’s share price ever recover?

Edward Sheldon, CFA: Tue, 10 November 2020, 7:22 am GMT·

It’s fair to say 2020 has been a challenging year for Royal Dutch Shell (LSE: RDSB) investors. As a result of Covid-19, and the subsequent drop in demand for oil, Shell’s share price has plummeted. Year to date, shares in the FTSE 100 oil major are down about 50%.

Can Shell’s share price recover? I think it’s possible. That said, there are a few things that need to happen for the FTSE 100 oil stock to rebound. read more

‘Greenwashing’ and ‘dirty tricks’: Shell sparks fierce backlash with emissions tweet

AOC and Greta Thunberg lead criticism of multinational fossil fuel firm

Her tweet refers to executives at Shell who have publicly admitted they knew decades ago that burning fossil fuels would cause the planet to warm. Shell chief executive Ben van Beurden said in a Time magazine interview this year: “Yeah, we knew. Everybody knew.”

Harry Cockburn: 03 Oct 2020

Multinational oil and gas company Shell – the second-largest investor-owned company in the world – is no stranger to the criticisms and concerns of the environmental movement, but this week, the energy giant inspired fresh anger with a tweet asking how people were reducing their emissions. read more

Shell faces backlash on social media after deciding to wade into the debate on climate change and how best to tackle it

• Shell tweeted to ask users what they were willing to change to reduce emissions
• Oil company seemed to suggest that other people’s behaviour was to blame
• Climate campaigner Greta Thunberg, 17, called Shell out for its part to play 

By ISABELLA NIKOLIC FOR MAILONLINE: PUBLISHED: 02:06, 4 November 2020 | UPDATED: 08:38, 4 November 2020

Shell has faced a backlash on social media by deciding to wade into the debate on climate change and how best to tackle it.

The oil company, one of the biggest in the entire world, seemed to suggest that other people’s behaviour was to blame for damages to the environment. read more

On the horizon: the end of oil and the beginnings of a low-carbon planet

With demand and share prices dropping, Europe’s fossil fuel producers recognise that peak oil is probably now behind them

Even as economies slowly emerge from the financial fallout of the pandemic, the shift towards cleaner energy has gained pace. A sharp plunge in fossil fuel use will be followed in quick succession by a renewable energy revolution, which will occur at unprecedented pace. The tipping point for oil demand may have come and gone, and major oil companies are taking note. read more

Shell’s Twitter fail: We want YOU to solve climate change!

It’s Election Day, and that means it’s time to choose people to solve the world’s biggest problems, like climate change. The oil giant Shell, however, wants to know how you are going to fix it.

On Monday, Shell put a poll on Twitter, asking “What are you willing to change to help reduce emissions?” The options: Offset your emissions, stop flying, buy an electric car, or choose renewable electricity.

Of course, that last choice — the most popular response by far — would be made a lot easier if Shell and other oil and gas companies decided to help. If they ditched fossil fuels and pivoted to clean energy sources, we wouldn’t even have a choice: Renewable electricity would become the default for everyone. read more

Shell’s climate poll on Twitter backfires spectacularly

Oil giant accused of gaslighting after asking users: ‘What are you willing to change?’

Damian Carrington Environment editor: @dpcarrington: Tue 3 Nov 2020 13.09 GMT

A climate poll on Twitter posted by Shell has backfired spectacularly, with the oil company accused of gaslighting the public.

The survey, posted on Tuesday morning, asked: “What are you willing to change to help reduce emissions?”

Though it received a modest 199 votes the tweet still went viral – but not for the reasons the company would have hoped. The US congresswoman Alexandria Ocasio-Cortez was one high-profile respondent, posting a tweet that was liked 350,000 times. read more

Shell raises dividend as retail boost drives confidence

Shell also plans to shed up to 9,000 jobs, or more than 10% of its workforce.

By Ron Bousso, Shadia Nasralla: 29 October 2020

LONDON (Reuters) – Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and outlined plans to shrink its oil and gas operations as it presses forward with a transition to low-carbon energy.

The Anglo-Dutch company hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it said continued to generate “significant uncertainty”. read more

GlobeNewswire

ROYAL DUTCH SHELL PLC THIRD QUARTER 2020 PRESS RELEASE

October 29, 2020 03:01 ET | Source: Shell International B.V.

The Hague, October 29, 2020 – Shell today announced a cash allocation framework that will enable it to reduce debt, increase distributions to shareholders, and allow for disciplined growth as it reshapes its business for the future of energy. Ongoing work to reshape Shell’s portfolio is expected to deliver continued cash generation to grow its low-carbon businesses as well as to increase shareholder distributions, making a compelling investment case. read more

Shell and BP investors look to results after tough year for oil majors

By Press Association:  23/10/2020, 3:45 pm

Britain’s two biggest oil companies are set to update shareholders next week amid a low oil price and a race to reduce emissions.

Investors will be leafing through BP’s results on Tuesday, while Shell will present how its third quarter went two days later.

Shares in both have cratered during 2020, as oil prices fell to record lows at one point at the beginning of the pandemic. read more

Chevron Vs. Shell: Chevron Wins By A Landslide

Bill Zettler: Oct 20, 2020

• Over the last 5 years, Chevron has consistently outperformed Shell.
• On financial metrics, Chevron looks much better than Shell.
• Shell’s share count goes up, Chevron’s goes down.
• Chevron’s dividend continues to go up while Shell cuts its dividend.

Shell’s zero-emission goals will limit profit potential.

According to Seeking Alpha (see here), Chevron (CVX) has replaced Exxon (XOM) as the largest oil company by MV (Market Value). In many ways, this is more a race to the bottom than a race to the top with CVX falling 39% YTD while XOM is falling 52%.

Another oil company in the doldrums is Shell (RDS.A) (RDS.B) whose price has fallen by 56%.

I have recently compared Exxon to Chevron “Exxon Vs. Chevron: Exxon Wins By A Nose” and Exxon to Shell “Exxon Vs. Shell: Exxon Wins By A Dividend.” read more

The Telegraph

Big Oil’s huge bet to save itself from extinction

A shift to renewables and the rise of green energy giants means the future for former fossil fuel titans is far from certain, writes Rachel Millard

Tuesday 20 October 2020 The Daily Telegraph 

EXTRACTS

It was the early days of 2015 when Shell’s chief executive Ben van Beurden ascended the stage of the InterContinental Hotel on London’s Park Lane with a stirring message for his industry peers amid strengthening global action on carbon emissions. read more

Shell Plans to Cut Thousands of Jobs Amid Shift to Carbon Neutrality: What Investors Need to Know

Shell’s job cuts are just the latest unsettling news for Wall Street’s least-loved oil major (shares of Shell are down more than any other integrated oil and gas company so far this year).

BY Daniel Foelber:(TMFpalomino2) Oct 10, 2020 at 7:54AM

The case for why the job cuts are the right decision for investors.

To say it’s been an off-year for big oil would be an understatement. Shockwaves of volatility and lower energy demand have rippled through global markets. An added threat is the increasing role of renewables in the energy mix as wind and solar companies continue to gain market share — and oil companies lose it. read more

Royal Dutch Shell: Energy Transition Woes

• Poor messaging from management, as well as an ill-prepared balance sheet caused in part by buybacks, has caused the European major a lot of pain.
• Arguably, senior executives deserve to be shown the door. But even if that happens, expect the pivot away from fossil fuels to continue.
• Is the move into Power and other “Green Energy” assets the right move? Maybe, maybe not.
• This idea was discussed in more depth with members of my private investing community, Energy Income Authority. Get started today »

I often get asked why I don’t cover the supermajors all that often on Seeking Alpha. The answer comes down to a rather simple reality: time invested versus potential gain. Anyone that has followed my long / short book knows that whatever I take a stake in, I know inside out. Quite frankly, the sprawling operations of most majors coupled with competing against institutionals that have enough research analysts on the payroll to pack a local gymnasium makes it a losing proposition – or at least in my view. read more