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

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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.

Shell prepares to raise shareholder payouts

FINANCIAL TIMES

Shell prepares to raise shareholder payouts

Higher oil prices help cut debt pile as energy major pledges to lift returns via dividends or buybacks

: 7 JULY 2021 Royal Dutch Shell said higher oil prices had helped it cut its debt pile, paving the way for higher shareholder returns in the second quarter. In a trading statement on Wednesday ahead of results due at the end of the month, the Anglo-Dutch energy major said it would increase payouts to investors, to between 20 per cent and 30 per cent of cash flow from operations, through buybacks or dividends. Shell, which did not provide guidance on which form the distributions would take, said the higher payouts were the result of “strong operational and financial delivery, combined with an improved macroeconomic outlook”. 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.

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.

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.

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 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.

    Shell says electric vehicles will be crucial in its efforts to lower carbon emissions

    Shell says electric vehicles will be crucial in its efforts to lower carbon emissions

    Sumathi Bala: FRI, APR 16 20214:50 AM EDT
    • Electric vehicles will play a critical role in Royal Dutch Shell’s decarbonizing efforts – opening up opportunities in this mobility sector, according to a senior executive at the oil giant.
    • Huibert Vigeveno, downstream director at Shell, says the company intends to expand its global EV charging stations network worldwide, pledging to have 2.5 million charging points by 2030.

    Electric vehicles will play a critical role in Royal Dutch Shell’s efforts to cut emissions, according to a senior executive at the oil giant.

    “If you look at the decarbonization opportunities of this mobility sector, EV plays a crucial role,” said Huibert Vigeveno, downstream director at Shell, adding that the company intends to expand its global electric vehicle charging stations network worldwide. 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 Exhaust Dwindling Oil & Gas Reserves By 2040

    Shell To Exhaust Dwindling Oil & Gas Reserves By 2040

    By Tsvetana Paraskova – Apr 15, 2021, 3:00 PM CDT

    Shell expects to have produced 75 percent of its current proved oil and gas reserves by 2030, and only around 3 percent after 2040, the supermajor said in its Energy Transition Strategy that it will put to a non-binding shareholder vote next month.

    Discussing the risk of stranded assets in the energy transition, Shell said that every year it tests its oil and gas portfolio under different scenarios, including prolonged low oil prices, and cross-references assets with break-even prices to assess if they would still be viable in case of low oil and 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 plays down risk of stranded oil and gas reserves

    Shell plays down risk of stranded oil and gas reserves

    Ron Bousso: April 15, 2021 Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.

    The disclosure is a rare admission by a major oil and gas company that some of its reserves may be worthless in a world shifting to renewable energy from fossil fuels in an effort to stem global warming.

    The Anglo-Dutch company said in a document to investors summarising its climate strategy that around 75% of its proved oil and gas reserves will be produced by 2030, with an additional 3% produced after 2040.

    Since late 2019, Shell has wiped out over $20 billion from the value of its oil and gas reserves after lowering the outlook for commodity prices because of the energy transition and the impact on demand of the COVID-19 pandemic. 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 Urges Shareholders to Reject Activist Climate Plan

    Shell Urges Shareholders to Reject Activist Climate Plan

    by Bloomberg | Laura Hurst | Thursday, April 15, 2021

    (Bloomberg) — Royal Dutch Shell Plc’s board has urged shareholders to reject a climate resolution filed by Dutch activist investor Follow This in favor of its own energy transition plan, which the company will put to a vote next month.

    The Anglo-Dutch major said that the Follow This resolution, which asks Shell to set and publish targets consistent with the goals of the Paris climate agreement, is “redundant” given its own “more comprehensive strategy,” according to a company notice. 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 flags shrinking oil, gas reserves life in energy transition document for shareholders

    Shell flags shrinking oil, gas reserves life in energy transition document for shareholders

    HIGHLIGHTS

    Two-thirds of proved reserves to be produced by 2040

    Comes amid rising concerns over future asset write-offs

    Shell expects oil production to slide by 1-2% in coming years

    London — Shell expects to have produced about two-thirds of its existing oil and gas reserves over the next two decades, the company said April 15, highlighting its falling exposure to future oil prices as the major shifts focus to renewable energy and electricity supplies. 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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