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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.

Oil giant Shell raises dividend and launches $2 billion share buyback as commodity prices soar

CNBC

Oil giant Shell raises dividend and launches $2 billion share buyback as commodity prices soar

Sam Meredith: PUBLISHED THU, JUL 29 20214:37 AM EDTUPDATED THU, JUL 29 20218:35 AM EDT KEY POINTS
  • Royal Dutch Shell on Thursday reported adjusted earnings of $5.5 billion for the three months through to the end of June, beating analyst expectations.
  • The Anglo-Dutch company boosted its dividend for the second consecutive quarter and announced the launch of a $2 billion share buyback program that it aims to complete by the end of the year.
  • Share prices of the world’s largest oil and gas majors have not yet followed an improvement in the earnings outlook, however, and the industry still faces a host of uncertainties and challenges.

LONDON — Oil giant Royal Dutch Shell on Thursday reported stronger-than-expected second-quarter earnings, lending further support to the energy major’s plans to reduce net debt and reward investors.

The Anglo-Dutch company reported adjusted earnings of $5.5 billion for the three months through to the end of June. That compared with $638 million over the same period a year earlier and $3.2 billion for the first quarter of 2021. 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.

Big Oil’s increasing number of climate lawsuits draws parallels to Big Tobacco

CNBC

Big Oil’s increasing number of climate lawsuits draws parallels to Big Tobacco

PUBLISHED FRI, JUN 25 20211:12 AM EDT: Sam Meredith
@SMEREDITH19

KEY POINTS
  • The prospect of a rising tide of climate litigation cases against heavy emitting businesses comes shortly after a landmark courtroom defeat for Royal Dutch Shell.
  • Since the turn of the century, more than 2,000 climate litigation cases were found to have been filed in a trend that is widely expected to have global implications for carbon-intensive companies.
  • Analysts believe this is merely scratching the surface of what is to be expected in the future — drawing parallels to the so-called tobacco trials of the 1950s and 1960s.

LONDON — Big Oil is likely to face an exponential increase in climate lawsuits over the coming years, a trend that analysts say is reminiscent of activists turning to the courts to take on the tobacco industry.

The prospect of a rising tide of climate litigation cases against heavy emitting businesses comes shortly after a landmark courtroom defeat for Royal Dutch Shell. 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 giant Shell secures investor backing for its energy transition strategy, but a growing minority rebel and prevented

Oil giant Shell secures investor backing for its energy transition strategy, but a growing minority rebel

Sam Meredit: PUBLISHED TUE, MAY 18 2021: 8:43 AM EDT

KEY POINTS

  • Shell said that the company’s own resolution received 88.74% of votes.
  • The result, while non-binding, was widely expected and ostensibly provides Shell with a shareholder mandate to proceed with its plans to reach net-zero emissions by 2050.
  • However, 11% of shareholders voted against Shell’s own climate plans. This contrasted with 19 other resolutions put forward at Shell’s online AGM, where up to 99% of investors followed management advice.
  • What’s more, it is perhaps a sharp increase in the number of shareholders choosing to support a separate motion that could be a catalyst for greater action.

LONDON — Royal Dutch Shell shareholders on Tuesday overwhelmingly voted in favor of the oil giant’s energy transition plans at its annual general meeting, though a growing minority defied recommendations and insisted the company do much more to tackle the climate emergency. 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 shareholders overwhelmingly support energy transition plan

Shell shareholders overwhelmingly support energy transition plan

Nearly 90% of investors supported the energy giant’s strategy to reach net zero by 2050 by reducing fossil fuel output and embracing renewables

* Activist resolution wins 30% support at AGM

* Investors ramped up pressure on Shell to tackle climate

By Ron Bousso

LONDON, May 18 (Reuters) – Royal Dutch Shell shareholders overwhelmingly supported the company’s energy transition strategy on Tuesday, but rising backing for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. 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.

Royal Dutch Shell AGM (Tuesday 18th May)

Royal Dutch Shell AGM (Tuesday 18th May)

by Graeme Evans from interactive investor

17th May 2021 09:01

Shell’s energy transition strategy will go before an advisory vote of shareholders as the oil giant takes its first steps towards becoming a net-zero emissions business by 2050.

Chief executive Ben van Beurden set out the strategy in February, outlining a focus on low-carbon operations such as wind, solar, biofuels and hydrogen over the next decade.

For the foreseeable future, Shell sees upstream operations continuing to deliver the energy supplies and cash needed to accelerate the transition towards low carbon businesses. 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.

Investors should beware the rising tyranny of social media campaign groups

Investors should  beware the rising tyranny of social media campaign groups

Article by Oliver Shah. The Sunday Times May 16, 2021. Page 9 Business Section

EXTRACT

On Tuesday, Shell investors will vote on a resolution from Dutch activist Follow This calling for the oil major to set “inspirational” targets for cutting carbon emissions in line with the Paris Agreement. Shell, run by Ben van Beurden, cut its dividend last year and has seen its shares slump by more than a third since January 2020. Follow This chalked up a big victory against Shell’s US rival ConocoPhillips last Tuesday, with 58% of investors backing its resolution that the company should take responsibility for so-called scope 3 emissions – the pollution created by users of its fuels. 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.

Royal Dutch Shell investor RWC to back Follow This climate proposal at AGM

Royal Dutch Shell investor RWC to back Follow This climate proposal at AGM

Simon Jessop: May 13, 2021: 12.27 PM BST

Royal Dutch Shell (RDSa.L) investor RWC said on Thursday it planned to back a climate-related shareholder proposal put forward at the company’s annual meeting by activist group Follow This.

RWC said the company’s energy transition plans were not ambitious enough, lacked detail and did not put the company on a path to align with the goals of the Paris Agreement within the next decade. 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.

Big Oil Is In Desperate Need Of New Discoveries

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

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.

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

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.
  • 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 buybacks ‘sooner rather than later’

    Shell buybacks ‘sooner rather than later’

    Emily Gosden, Energy Editor: Friday April 30 2021, 12.01am, The Times

    Royal Dutch Shell told investors yesterday that it could soon be ready to start share buybacks after higher oil prices boosted its profits.

    The London-listed, Anglo-Dutch oil major reported a 58 per cent jump in first-quarter net earnings to $4.3 billion after the price of Brent crude rebounded to $61 a barrel, from $50 a barrel a year earlier.

    Shell, which slashed its dividend by two thirds a year ago as oil prices crashed, confirmed plans to increase the quarterly payout to 17.35 cents per share, up 4 per cent on the fourth quarter. It has promised to further increase returns once net debt is reduced to $65 billion and said that it was making progress towards this milestone, with debt down by $4.1 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 raises dividend for second time in six months after first-quarter earnings beat forecasts

    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

    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 raises its dividend as profits surge

    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

    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 bracing for a worst-case scenario: Demand to never fully recover

    Extract from the OilPrice.com article:

    The 5 Most Influential Oil Companies In The World

    4. Royal Dutch Shell Plc.

    • Revenue (TTM): $180.5 billion
    • Net Income (TTM): -$21.7 billion
    • Market Cap: $144.3billion
    • 1-Year Trailing Total Return: 8.4%
    • Exchange: New York Stock Exchange

    Netherlands-based, Royal Dutch Shell Plc. (NYSE:RDS.A) operates as an integrated oil, gas and chemicals company.

    Shell remains one of Big Oil’s least optimistic companies when it comes to the long-term oil and gas outlook. Shell says we might already be past peak oil demand and is bracing itself for a worst-case scenario: Demand to never fully recover. 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 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)

    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)

    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

    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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