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Oil Majors Are Paying The Price For Investing In Renewables

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

royaldutchshellplc.com and its 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.

Is now the time to sell my Shell shares?

Is now the time to sell my Shell shares?

Tom Rodgers:

There’s an old maxim in the wealth management business that no one ever lost money investing in Royal Dutch Shell(LSE:RDSB) shares. No matter how excited young analysts get about the next big thing in battery metals, cloud data storage or AI, they would still recommend buying Shell shares. That’s because the Anglo-Dutch giant has offered predictable dividend income since 1945.

But could the tide have turned on Shell shares for good? read more

royaldutchshellplc.com and its 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 Singapore to cut 500 jobs over three years amid Pulau Bukom reorganisation

Shell Singapore to cut 500 jobs over three years amid Pulau Bukom reorganisation

UMA DEVI: [email protected]: Twitter @UmaDeviBT: TUE, NOV 10, 2020 SHELL Companies, the local subsidiary of Royal Dutch Shell, is set to cut 500 jobs or about 38 per cent of its local workforce over the next three years as the group makes changes to its largest refinery, on Pulau Bukom.

A Shell spokesperson told The Business Times that the company will go from 1,300 staff to approximately 1,100 by the end of 2021, and down further to some 800 employees by the end of 2023.

The earliest staff movement related to the reorganisation will take place in the fourth quarter of 2021, added the spokesperson.

In a statement on Tuesday, Shell said Pulau Bukom will pivot from a crude-oil, fuels-based product slate towards new, low-carbon value chains. This is the company’s latest step towards its overarching ambition to be a net-zero emissions energy business by 2050. read more

royaldutchshellplc.com and its 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.

Will Shell’s share price ever recover?

Will Shell’s share price ever recover?

Edward Sheldon, CFA: ·

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

royaldutchshellplc.com and its 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.

Outlook darkens for North Sea oil and gas industry

Outlook darkens for North Sea oil and gas industry

TWO oil and gas majors provided votes of confidence in the North Sea last week but these may only provide cold comfort as the outlook for the sector gets ever bleaker.

On Tuesday BP underlined its belief in the exploration potential of the North Sea as it announced that it had returned to profit in the third quarter.

The giant included its successful bid for new North Sea exploration licences in a list of highlights for the three months to 30 September. read more

royaldutchshellplc.com and its 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.

City investors deserting oil giants

City investors deserting oil giants 

Fund titans blacklist BP over green shift: Fidelity among City investors deserting oil giants – as clean energy plans fuel profit fears

  • BP and Shell are undergoing the biggest restructurings in their histories, shedding a total of 19,000 jobs globally 
  • Both have committed to cutting the carbon footprint of the oil and gas they produce to net zero by 2050

EXTRACTS:

BP and Shell are undergoing the biggest restructurings in their histories, shedding a total of 19,000 jobs globally. Both have committed to cutting the carbon footprint of the oil and gas they produce to net zero by 2050.

BP chief executive Bernard Looney said in August that his company is shifting to a low-carbon business because ‘the energy mix is changing’, with greater demand from customers for cleaner fuels. The pandemic has made the shift more urgent as global oil prices and demand have collapsed further. read more

royaldutchshellplc.com and its 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 tries to win back investors

Shell tries to win back investors

30 Oct 2020

Royal Dutch Shell, Europe’s largest oil company, said on Thursday that it would raise its dividend for the third quarter by about 4 percent to 16.65 cents and keep increasing it by a similar amount annually in an effort to win back investors.

Investors have pummeled Shell’s shares since the company cut its dividend earlier this year for the first time since World War II. The share price was up about 2 percent in trading on Thursday. read more

royaldutchshellplc.com and its 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 as retail boost drives confidence

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 : 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

royaldutchshellplc.com and its 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 outlines tighter upstream, refining footprint in post-COVID transition plans

Shell outlines tighter upstream, refining footprint in post-COVID transition plans

London — Shell plans to focus its future upstream operations on nine core areas and transform its refining portfolio into six integrated sites which are part of moves to grow its low-carbon businesses and support its cash flows, the major said Oct. 29.

Reporting stronger than expected third-quarter earnings, Shell said it wants to pursue more “value over volume” by simplifying its upstream assets to nine significant core positions; Brazil, Brunei, Gulf of Mexico, Kazakhstan, Malaysia, Nigeria, Oman, Permian and UK North Sea. It said combined the areas will generate more than 80% of its upstream cash flow from operations. read more

royaldutchshellplc.com and its 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 PLC THIRD QUARTER 2020 PRESS RELEASE

GlobeNewswire

ROYAL DUTCH SHELL PLC THIRD QUARTER 2020 PRESS RELEASE

Source: Shell International B.V.

SHELL SETS OUT A COMPELLING INVESTMENT CASE

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

royaldutchshellplc.com and its 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 fear there’ll be no bright post-Covid dawn for oil majors

Investors fear there’ll be no bright post-Covid dawn for oil majors

Jillian Ambrose: Sun 25 Oct 2020 00.05 BST

Royal Dutch Shell and BP will both face investors this week with quarterly financial results that will deliver profits well below those achieved a year ago, against a backdrop of tumbling share prices and rising Covid infections across major economies. In the same week, Shell is expected to reveal a modest underlying profit, of $146m, for the third quarter, according to analysts, after plunging to a loss of $18.4bn for the second quarter. This is still a fraction of the $4.76bn profit recorded in the same quarter last year, and follows the company’s decision to cut 9,000 jobs and reduce the dividend for the first time since the second world war. read more

royaldutchshellplc.com and its 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 BP investors look to results after tough year for oil majors

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

 

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

royaldutchshellplc.com and its 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 huge bet to save itself from extinction

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

royaldutchshellplc.com and its 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.

Covid-19 Is Big Oil’s Asteroid Strike

Covid-19 Is Big Oil’s Asteroid Strike

By Julian Lee | Bloomberg: Oct. 11, 2020 at 1:54 p.m. GMT+1

Covid-19 may do for Big Oil what the Chicxulub asteroid did for the dinosaurs when it struck Earth 66 million years ago.

BP Plc plans to cut 10,000 jobs, equivalent to 14% of its workforce; Shell will shed 9,000 workers, or 11%; and Chevron will reduce its payroll by 6,000, a 13% reduction. 

Much like the “terrible lizards,” Big Oil was already in decline before the novel coronavirus hit. The world in which they thrived is changing around them and they face multiple threats to their future health. But the outbreak’s impact has accelerated the process. read more

royaldutchshellplc.com and its 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 Plans to Cut Thousands of Jobs

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

royaldutchshellplc.com and its 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: Energy Transition Woes

Royal Dutch Shell: Energy Transition Woes

: Energy Income Authority: Oct 8, 2020 High-quality income and growth plays in the energy space. Summary
  • 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

royaldutchshellplc.com and its 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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