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Royal Dutch Shell: Mid-Year 2021 Review

Seeking Alpha

Royal Dutch Shell: Mid-Year 2021 Review

Tudor Invest Holdings: Aug. 03. 2021

Summary

  • Higher commodity prices in Q2 pushed free cash flow to $12.7 billion.
  • Shareholders should welcome the 38% increase in dividend and plan of share buyback.
  • But the share price action seems to tell that the market is not that impressed.
  • Net Zero carbon emission seems very ambitious to say the least.

FULL ARTICLE

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell boss: we have no plans to change strategy despite emissions ruling

The Guardian

Shell boss: we have no plans to change strategy despite emissions ruling

Jillian Ambrose: Thu 29 Jul 2021 16.47 BST

‘Unreasonable’ court ruling does not need new strategy, Van Beurden says, as firm reveals multibillion-dollar shareholder windfall

Ben van Beurden denied the company would need to change its plans to meet the tougher court-ordered climate targets on Thursday, as he revealed a multibillion-dollar shareholder windfall for investors and better-than-expected quarterly profits. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

London Science Museum signed gagging order with Shell over climate change exhibition

The London Science Museum agreed not to publicly criticize Shell as part of a sponsorship deal for an exhibition about carbon capture. 

In a contract released to campaign group Culture Unstained under freedom of information laws, the museum said it would not “make any statement or issue any publicity or otherwise be involved in any conduct or matter that may reasonably be foreseen as discrediting or damaging the goodwill or reputation of the Sponsor.” read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell to buy Inspire Energy in green energy push

Reuters

Shell to buy Inspire Energy in green energy push

Tue, July 27, 2021, 7:33 PM

July 27 (Reuters) – Royal Dutch Shell Plc said on Tuesday it would buy renewable energy retailer Inspire Energy Capital LLC, as the European major looks to expand its renewable power business in the United States.

The deal, by the company’s unit Shell New Energies U.S. LLC, advances Shell’s strategy to build and scale renewable and low-carbon businesses with a target to become a net-zero emissions energy business by 2050.

Shell has been seeking ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling in May.

Like other oil companies, Shell has come under investor pressure to slash planet-warming greenhouse gas emissions… read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

What If Shell Followed Volkswagen’s Example In The Fight Against Climate Change?

Forbes

What If Shell Followed Volkswagen’s Example In The Fight Against Climate Change?

Jeroen Kraaijenbrink:

Volkswagen is not Shell and cars are not oil. But the similarities are striking. They are both giant corporations (#1 and #3 in Europe respectively), they are both high-tech firms, they are both capital intensive, they both still depend on oil, and both like to see themselves as leaders in their industries. In light of these similarities: what if Shell followed Volkswagen’s example in the fight for climate change? If Shell wants to do so, the time is now. Because the window of opportunity is short. If Shell doesn’t embrace renewable energy at full speed now, it may soon lose its chance to become one of the major energy players of the future. Sure, also in 2030, or 2050, they might still be a major player in the energy industry. But if they want to accept a role as the industry leader, now is the right moment. What if. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell To Appeal Landmark Court Ruling

OILPRICE.com

Shell To Appeal Landmark Court Ruling

By City A.M – Jul 21, 2021, 11:30 AM CDT

Shell has today confirmed that it will appeal against a landmark court ruling requiring the oil giant to cut emissions faster than it had planned to.

The Anglo-Dutch firm said that it had been unfairly singled out by the ruling, which it said was not an “effective” way of tackling climate change.

In May, a court in the Hague ordered the firm to slash greenhouse emissions by 45 percent from 2019 levels by 2030. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

How a powerful US lobby group helps big oil to block climate action

The Guardian

How a powerful US lobby group helps big oil to block climate action

Chris McGreal: Mon 19 Jul 2021 11.00 BST

When Royal Dutch Shell published its annual environmental report in April, it boasted that it was investing heavily in renewable energy. The oil giant committed to installing hundreds of thousands of charging stations for electric vehicles around the world to help offset the harm caused by burning fossil fuels.

On the same day, Shell issued a separate report revealing that its single largest donation to political lobby groups last year was made to the American Petroleum Institute, one of the US’s most powerful trade organizations, which drives the oil industry’s relationship with Congress. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell and Deutsche Telekom agree to advance digital innovation in pursuit of climate goals

WebWire

Shell and Deutsche Telekom agree to advance digital innovation in pursuit of climate goals

  • Memorandum of understanding signed to accelerate transitions to net zero
  • Shell supplies renewable energy to T-Mobile US
  • Deutsche Telekom engineers to install more than 10,000 electric vehicle chargers in Germany

WEBWIRE – Monday, July 12, 2021

Shell Gas & Power Developments BV (Shell) and T-Systems International GmbH (T-Systems), Deutsche Telekom’s corporate customers arm, have signed a memorandum of understanding (MOU) to advance digital innovation as both companies accelerate their transitions to net-zero emissions.

The MOU builds on an existing technological relationship between Shell and T-Systems. Under the terms of the agreement the two companies will: read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell proposes large-scale CCS facility in Alberta

Shell proposes large-scale CCS facility in Alberta

Tuesday, July 13, 2021, 12 AM MDT

CALGARY, AB, July 13, 2021 /CNW/ – Today, Shell announced a proposal to build a large-scale carbon capture and storage (CCS) project at its Scotford Complex near Edmonton. This would be a key step in transforming Scotford into one of five energy and chemicals parks for Shell around the world, providing customers with lower-carbon fuels and products into the future, such as hydrogen.

The proposed Polaris CCS project, the largest in a series of low-carbon opportunities Shell is exploring at Scotford, would capture carbon dioxide (CO2) from the Shell-owned Scotford refinery and chemicals plant. The initial phase is expected to start operations around the middle of the decade, subject to a final investment decision by Shell expected in 2023. Polaris would have storage capacity of about 300 million tonnes of CO2 over the life of the project. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Climate change is about greed. It’s time for big oil to pay us back

CNN OPINION

Climate change is about greed. It’s time for big oil to pay us back

Recently, a Dutch court in The Hague ordered Royal Dutch Shell to slash the emissions from its products. The European Union as a whole is moving forward with a European Green Deal to decarbonize the EU energy system no later than 2050. In line with the European plans, Volkswagen recently declared its intention to phase out ICEs in Europe by 2035.

As with the drug companies that pushed addictive painkillers on Americans and tobacco companies that pushed killer cigarettes, it’s time for the oil industry to pay heavy penalties on ill-gotten gains, the flip side of which are the death and destruction caused by extreme climate events. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell ready to hand billions to investors as oil price recovers

The Times

Shell ready to hand billions to investors as oil price recovers

Emily Gosden: Thursday July 08 2021, 12.01am, The Times

Royal Dutch Shell has said that it will boost returns to investors within weeks after rising oil prices helped it to reduce debt.

The Anglo-Dutch oil group is likely to launch share buybacks that could be worth more than $1 billion each quarter, analysts predicted, after the company announced it was ready to “move to the next phase of its capital allocation framework”. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Dividend delight for Royal Dutch Shell shareholders

This is MONEY.co.uk

Dividend delight for Royal Dutch Shell shareholders as economic recovery enables oil giant to raise payouts

  • Shell expects to withdraw its ‘milestone’ target to cut net debts to below $65bn
  • The gradual reopening of the world economy is boosting consumer oil demand 
  • Investors will get payouts that are between 20-30% of cash flow from operations

Royal Dutch Shell has announced that investors will receive higher payouts following a recovery in oil and gas prices and a reduction in its debt pile.

It said that thanks to an ‘improved macro-economic outlook’ and ‘strong operational and financial delivery,’ shareholders would be awarded returns that were between 20 and 30 per cent of cash flow from operations. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Rolls-Royce partners with Shell in sustainable aviation fuel push

Reuters

Rolls-Royce partners with Shell in sustainable aviation fuel push

LONDON (Reuters) – British engineering company Rolls-Royce said it would partner with oil company Shell to work on the development of sustainable aviation fuel (SAF) in line with both their plans for net zero emissions by 2050.

The pair signed a memorandum of understanding (MoU) on Wednesday which Rolls-Royce said would help with plans to certify 100% SAF for use in planes.

Rolls-Royce Chief Technology Officer Paul Stein said in a statement that both companies wanted to decarbonise flying. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Why are some investors still supporting the dying fossil fuel economy?

independent.co.uk

Clean energy is the future – so why are some investors still supporting the dying fossil fuel economy?

Institutional forces continue to prop up the fossil fuel economy, while both the market and public opinion are leaving it behind. This is as foolish as it is dangerous, writes Tom Steyer: 29 June 2021

As far as climate action goes, May 2021 was a big deal. The trend towards clean energy and away from fossil fuels exploded. Exxon Mobil, the biggest oil company in America, lost a proxy battle and now three climate activists will sit on its board. A Dutch court set new and stringent rules for energy companies, including Royal Dutch Shell. The German Supreme Court ordered all of Germany to step up its climate game significantly by 2030. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Climate change: Courts set for rise in compensation cases

BBC NEWS

Climate change: Courts set for rise in compensation cases

By Matt McGrath Environment correspondent: 28 JUne 2021

There’s likely to be a significant increase in the number of lawsuits brought against fossil fuel companies in the coming years, say researchers.

Their new study finds that to date, lawyers have failed to use the most up-to-date scientific evidence on the cause of rising temperatures.

As a result, there have been few successful claims for compensation.

That could change, say the authors, as evidence linking specific weather events to carbon emissions increases. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil and gas firms could face fresh legal action by activist groups

Oil and gas firms could face fresh legal action by activist groups as investors demand stock market-listed firms align with Paris climate goals

Major oil and gas firms including BP and Shell could face fresh legal action by activist groups as investors demand stock market-listed firms align with Paris climate goals.

The wave of potential lawsuits could also target Chevron and Exxon and other heavy industry majors such as Ineos, the petrochemicals giant controlled by billionaire Jim Ratcliffe, and biomass power firm Drax. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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