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Shell Says Trump Tariffs Are Even More Taxing on Its Future Bets Than Its Supply Chains—Investors, Beware

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Shell, Tariffs & That Unraveling Investment Climate

Shell’s President of Projects & Technology, Robin Mooldijk, recently confessed what many were thinking: the impact of U.S. President Donald Trump’s tariffs goes far beyond irritating supply chains—it’s messing with Shell’s appetite to invest. Global economic uncertainty, he says, is doing more damage than just higher costs.

“The primary effect is on our supply chain. It becomes more expensive and for a company like Shell it’s something that we could actually deal with,” Mooldijk told The Economic Times. “But the bigger (effect) is even on the investments. Does it change the business climate and the supply-demand balance to the extent that—a little bit cheaper or a little bit more expensive project, doesn’t really matter—do we want to do it or not.” read more

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Shell’s Brilliant Strategy: Ignoring the Environment and Riding the Oil Wave

by John Donovan.

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By June, Sawan had a change of heart, and that pledge to cut oil production by 2030? Gone, like yesterday’s news.

Posted by John Donovan 30 Sept 2023

In the thrilling world of oil and gas, where environmental concerns are nothing but a pesky fly to be swatted away, Shell’s CEO, Wael Sawan, is emerging as a true visionary. While the world was distracted by lockdowns and declining industrial activity in March 2020, Shell made a bold move that left us all in awe—well, not really.

You see, in 2021, Shell made a groundbreaking announcement: they would cut their oil production by a whopping 1-2% per year until 2030 and generously toss a few investments into renewables. Naturally, some of us sceptics thought this idea was about as half-baked as a frozen pizza. read more

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Ben van Beurden on The Sunday Times Business Person of the Year 2022 Shortlist

by John Donovan.

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The Sunday Times Business Person of the Year 2022: The shortlist

Sunday December 11 2022, 12.01am, The Sunday Times

In a year buffeted by war, falling markets and government upheaval, we present the shortlist for the business person who has stood out above the rest

Ben van Beurden, Shell

The Dutchman will call time on a 40-year career at Shell in 2023, having spent nine years in the hot seat. He gambled early in his tenure on the £36 billion takeover of gas giant BG Group, relocated Shell’s head office to London, and cut its dividend when the oil price tanked during Covid. But the company has surged this year on the back of higher oil prices stoked by the Ukraine war. Van Beurden, 64, leaves Shell in a fitter state and with plans to embrace green energy — read more

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Shell defends raising the dividend after profits surge to almost $20bn

by John Donovan.

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The Telegraph

Shell defends raising the dividend after profits surge to almost $20bn

Bumper results trigger renewed calls for a windfall tax on oil and gas producers

By Rachel Millard: 3 February 2022 • 7:41pm

The chief executive of Shell has defended his company’s right to pay millions in dividends after a fourfold rise in profits driven by surging energy costs sparked calls for a windfall tax.

Ben van Beurden said the FTSE 100 company played an important role in society by contributing to pension pots after it posted a $19.3bn (£14.2bn) profit for 2021, up from $4.8bn a year earlier. read more

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Shell ends 2021 on high note, hikes dividend, buybacks again

by John Donovan.

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REUTERS

Shell ends 2021 on high note, hikes dividend, buybacks again

By Ron Bousso: February 3, 202210:27 AM GMT

Q4 21 profits soar to $6.4 bln, highest since Q1 2014
Results boosted by strong LNG trading
Company boosts 2022 spending plans

LONDON, Feb 3 (Reuters) – Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

The strong results cap a year of dramatic recovery for Shell and the oil and gas sector after energy demand and prices collapsed in 2020 in the wake of the Coronavirus epidemic.

Shell shares were up 1.2% by 1015 GMT, compared with a 0.1% decline for the broader European energy index (.SXEP). read more

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Shell’s jab or be sacked dilemma

by John Donovan.

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By John Donovan

The jab or be sacked dilemma is not an easy issue for Shell senior management to grapple with.

There is a valid concern expressed in the recently leaked Shell internal information, that mandating covid jabs for employees and contractors risks violating Shell’s business principles.

That, in turn, might damage Shell’s reputation if that’s possible, bearing in mind that Shell is already held in low esteem as a polluting member of Big Oil.

Shell senior management had hoped to make its deliberations in private. read more

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Shell considers mandatory covid vaccination and firing staff who refuse

by John Donovan.

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Shell considers mandatory covid vaccination and firing staff who refuse

“For staff who refuse to comply with a vaccine mandate we would make all reasonable efforts to avoid terminating their employment but will be faced with no alternative but to do so.”

RELATED FT, REUTERS, TELEGRAPH AND WALL STREET JOURNAL ARTICLES BELOW ALL MENTION THE LEAKED INFORMATION THAT JOHN DONOVAN SUPPLIED TO EACH OF THEM

By John Donovan

I am in possession of Shell international comms including a 6 page “Note for discussion” sponsored by Shell Executive Committee member Ronan Cassidy, Chief HR and Corporate Officer at Royal Dutch Shell. read more

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OIL DEGRADATION/POLLUTION OF NIGER-DELTA CREEKS/LANDS: A SHARED BLAME

by John Donovan.

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-By Zik Gbemre

OIL DEGRADATION/POLLUTION OF NIGER-DELTA CREEKS/LANDS: A SHARED BLAME

Most pipeline vandalism in recent times are third party induced for various unlawful gains
The increasing crime now a shared evil involving host communities, service contractors and some oil companies workers.
The polluted communities endangering lives and livelihoods of generations unborn

It is very uncommon to experience crude oil/condensate spillages caused by equipment failure on the vast pipelines constructed by the Federal Government of Nigeria through supervisory NNPC/NPDC and operating oil partners to transport crude oil and associated product across the operating environment.

But no doubt, a significant proportion of crude oil/condensate spills that have become almost a daily experience, threatening health and livelihoods, in massive pollution, particularly across the Niger-Delta states are third party induced for various unlawful self-enrichment. read more

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Big Oil Is In Desperate Need Of New Discoveries

by John Donovan.

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Big Oil Is In Desperate Need Of New Discoveries

By Alex Kimani – May 10, 2021, 2:00 PM CDT

The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks and a shift towards renewable energy, experts warned that nearly $900 billion worth of reserves–or about one-third of the value of big oil and gas companies–were at risk of becoming worthless.

Even Big Oil mostly appeared resigned to its fate, with Royal Dutch Shell (NYSE:RDS.A) CEO Ben van Beurden declaring that we had already hit peak oil demand while BP Plc. (NYSE:BP)—a company that doubled down on its aggressive drilling right after the historic 2015 UN Climate Change Agreement--finally gave in saying “..concerns about carbon emissions and climate change mean that it is increasingly unlikely that the world’s reserves of oil will ever be exhausted.” BP went on to announce one of the largest asset writedowns of any oil major after slashing up to $17.5 billion off the value of its assets and conceded that it “expects the pandemic to hasten the shift away from fossil fuels.” read more

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Royal Dutch Shell: One Year Later, Shareholders Are $50 Billion Poorer Despite Solid Results

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Royal Dutch Shell: One Year Later, Shareholders Are $50 Billion Poorer Despite Solid Results

Daniel Thurecht: May 04, 2021

Summary

It has been one year since Royal Dutch Shell shocked equity markets with their hasty decision to heavily reduce their dividends given the onset of the Covid-19 pandemic.

This time around they have provided a 4% dividend increase for the third straight quarter, along with a solid set of results that show a recovery is well underway.

Despite their solid financial performance, their share price continues lagging that of their peers who sustained their dividends by a significant margin and thus makes their shareholders $50b poorer.

Thankfully, it appears that their shareholder returns are poised to increase as soon as following the second quarter of 2021 since they are easily within reach of their $65b net debt goal.

Given their continued strong financial performance and higher dividends, I believe that maintaining my very bullish rating is appropriate.

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Shell raises dividend for second time in six months after first-quarter earnings beat forecasts

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Shell raises dividend for second time in six months after first-quarter earnings beat forecasts

Sam Meredith: PUBLISHED THU, APR 29 20212:09 AM EDT

KEY POINTS

The Anglo-Dutch company reported adjusted earnings of $3.2 billion for the three months through to the end of March. Analysts had expected $3.1 billion, according to Refinitiv.
Shell also raised its dividend by around 4%, its second increase in six months.
It comes as energy majors seek to reassure investors that they have gained a more stable footing in recent months.

LONDON — Oil giant Royal Dutch Shell on Thursday reported slightly better-than-expected first-quarter earnings, amid stronger commodity prices and growing expectations of a fuel demand recovery.

Shell also raised its dividend by around 4%, its second increase in six months, as the oil major seeks to reassure investors it has gained a more stable footing. It comes after Shell slashed its payout for the first time since World War II in April last year. read more

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Shell raises its dividend as profits surge

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Shell raises its dividend as profits surge

Reuters Ron Bousso Shadia Nasralla: April 29, 2021

Royal Dutch Shell’s (RDSa.L) profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned on Thursday that the outlook remained uncertain due to the pandemic.

Shell’s adjusted earnings came in ahead of an average analyst forecast of $3.125 billion and were also above earnings of $2.9 billion last year, boosted by assets sales as well as higher oil and liquefied natural gas prices. read more

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Shell shareholders miss out on payday under weight of $74bn debt mountain The oil giant has promised more cash for investors – but not until debt has fallen to $65bn (£47bn)

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Shell shareholders miss out on payday under weight of $74bn debt mountain

The oil giant has promised more cash for investors – but not until debt has fallen to $65bn (£47bn)

Rachel Millard: 25 April 2021 • 9:00am

Shell shareholders are to be kept waiting for higher dividend payouts as the oil giant labours under a massive debt pile.

The Anglo-Dutch company has pledged to distribute up to 30pc of cash flow to shareholders as soon as its debts come down to $65bn (£47bn), as it tries to keep investors on board while it moves towards lower carbon energy. read more

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Shell and BP bounce back into profit even as oil’s glory days fade

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Shell and BP bounce back into profit even as oil’s glory days fade

Covid dealt fossil fuel giants a heavy blow, but demand is lifting revenues again in a last hurrah before decarbonisation

Jillian Ambrose

Sat 24 Apr 2021 16.00 BST: The Observer

The world’s biggest oil companies are preparing to mark an end to the darkest year in the industry’s history with a return to profit that could be the last hurrah for fossil fuels. Royal Dutch Shell and BP are among the companies expected to report quarterly profits from producing oil for the first time since the outbreak of Covid-19.

The tentative reopening of the world’s economies has helped push international crude prices above $65 a barrel. They plunged to 21-year lows of less than $20 a barrel last year as major economies came to a standstill, triggering the sharpest slump in oil demand in the industry’s history.

Shell told investors earlier this month that it expects to make its first profit from pumping oil since the start of the pandemic when it reports first-quarter results on 29 April. This represents a dramatic turn from the company’s almost $20bn (£14.7bn) loss for last year after the impact of Covid-19 stripped about $22bn from the value of its oil and gas assets. read more

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Shell expects at best steady fuel sales for first quarter

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Shell expects at best steady fuel sales for first quarter

Shadia Nasralla: Wed, 7 April 2021, 7:51 am·1-min read

LONDON (Reuters) – Royal Dutch Shell expects its fuel sales to fall or at best be broadly steady for the first quarter as some coronavirus restrictions ease, the world’s biggest fuel retailer said in a trading update on Wednesday.

Shell said it saw refined oil product sales at 3.7-4.7 million barrels per day (bpd) for the first quarter compared with just under 4.8 million bpd in the last quarter of 2020.

Shell’s refining margins have improved to around $2.6 per barrel in the quarter from $1.6 in the previous quarter. read more

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Shell CEO takes pay cut in 2020 for the second straight year

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Shell CEO takes pay cut in 2020 for the second straight year

By Reuters Staff: MARCH 11, 2021: 8.30 am

March 11 (Reuters) – Royal Dutch Shell’s Chief Executive Ben van Beurden pay package nearly halved in 2020, a year in which the oil major’s profit tumbled because of low oil prices and the COVID-19 pandemic.

Van Beurden, who became CEO in 2014, oversaw sharp growth in Shell’s oil and gas output following the 2016 acquisition of BG Group for $53 billion.

But an unprecedented hit to the energy sector last year, knocked oil prices into negative territory for the first time in history, and forced major players to cut dividend payouts and management pay to weather the storm. read more

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