|Bid||2,521.00 x 30600|
|Ask||2,522.50 x 27200|
|Day's range||2,507.50 - 2,533.00|
|52-week range||2,227.00 - 2,792.50|
|Beta (3Y monthly)||1.35|
|PE ratio (TTM)||8.89|
|Forward dividend & yield||1.47 (5.94%)|
|1y target est||36.11|
Transaction in Own Shares 14 June 2019 • • • • • • • • • • • • • • • • Royal Dutch Shell plc (the ‘Company’) announces that on 14 June 2019 it purchased the following number of "A" Shares for ...
Pope Francis said on Friday that carbon pricing is "essential" to stem global warming - his clearest statement yet in support of penalising polluters - and appealed to climate change deniers to listen to science. In an address to energy executives at the end of a two-day meeting, he also called for "open, transparent, science-based and standardised" reporting of climate risk and a "radical energy transition" away from carbon to save the planet. Carbon pricing, via taxes or emissions trading schemes, is used by many governments to make energy consumers pay for the costs of using the fossil fuels that contribute to global warming, and to spur investment in low-carbon technology.
Shell Energy Retail has been forced to pay £390,000 compensation and refunds after overcharging customers. Energy watchdog Ofgem made the ruling after the supplier overcharged some 12,000 customers on its default tariffs when the energy price cap was introduced in January. Ofgem's price cap monitoring found that in the three months to March 2019, around 12,000 electricity and gas customer accounts were charged a total of £100,736.63 above the price cap.
London's FTSE 100 weakened on Friday as Asia-focused banks took a hit from underwhelming Chinese industrial growth data, while Kier shed more than a third of its value after it was reported to be planning to sell its housebuilding unit at a discount. The FTSE 100 slipped by 0.3%, with exporter stocks also weighing on the index. The FTSE 250 fell by the same amount, tugged lower by Kier's 35.5% plunge.
Technology shares led European shares lower on Friday after U.S. chipmaker Broadcom warned of a broad slowdown in demand due to trade tensions and the U.S. ban on Chinese tech and mobile phone company Huawei Technologies. The forecast of a $2 billion hit to sales at one of the biggest U.S. players in the sector came as Chinese industrial output growth slowed to a more than 17-year of 5% in May and were among the clearest signs yet of the damage President Trump's trade war may do to global growth. European semiconductor companies Infineon, AMS and STMicroelectronics, Siltronic, Dialog Semiconductor all dropped between 2% and 3% after Broadcom Inc outlined the impact of a total halt in sales to Huawei.
Ofgem said Shell Energy Retail Ltd, previously known as First Utility, will pay 200,000 pounds ($253,520) in addition to the refund to its consumer redress fund, bringing the total payment to 390,000 pounds. This is the first such action against a company for overcharging since the price cap on default energy bills came into force on Jan. 1. The price cap was aimed at saving households about a billion pounds a year following a government promise to tackle what it had called "rip-off" prices.
Australia's fast-expanding liquefied natural gas industry has this year been supplying the lion's share of China's growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal. Australia supplied over 53% of China's LNG imports during the first five months of 2019, shipping data in Refinitiv showed, up from around 40% in 2016 when a previous round of new Australian export projects started to ramp up. With Royal Dutch Shell's Prelude facility delivering its first LNG cargo this week from northwest Australia, that share is likely to increase further.
Mexico's oil regulator on Thursday approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million (£624 million). One of the blocks is in the Perdido Fold Basin, which straddles the U.S.-Mexico maritime border in the Gulf of Mexico, while the other three are further south in the Salina Basin. On Tuesday, the regulator, known as the National Hydrocarbons Commission, or CNH, approved Shell exploration plans for five other deepwater areas in the same two basins which included investment commitments of at least $397 million and as much as $1.316 billion.
Mexico's oil regulator on Thursday approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million. On Tuesday, the regulator, known as the National Hydrocarbons Commission, or CNH, approved Shell exploration plans for five other deepwater areas in the same two basins which included investment commitments of at least $397 million and as much as $1.316 billion. Taken together, Shell could invest up to $2.4 billion in the nine deepwater areas over the next four years and will drill at least 13 wells in the projects.
U.S. Senator John Barrasso introduced a bill on Thursday to slap sanctions on individuals and companies developing Russia's Nord Stream 2 natural gas pipeline project, a day after his fellow Republican, President Donald Trump, said he was considering sanctions on the pipeline. Barrasso's Energy Security Cooperation with Allied Partners in Europe bill, or ESCAPE, authorizes mandatory U.S. sanctions on anyone who invests at least $1 million, or $5 million over 12 months, or engages in trade valued at an equivalent amount for the construction of Nord Stream 2 and other Russian energy export pipelines.
Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country's portfolio. As part of Norway's efforts to shift its $1 trillion "rainy day" fund away from oil, the country's parliament on Wednesday adopted a plan to drop all dedicated oil and gas explorers and producers, as defined by stock market indices provider FTSE Russell, from the fund's benchmark index.
Norway's wealth fund will no longer be able to invest in ConocoPhillips and Hess after a list used to decide which energy firms must be excluded was updated to include both U.S. oil companies from later this month. As part of Norway's efforts to shift its $1 trillion "rainy day" fund away from oil, the country's parliament on Wednesday adopted a plan to drop all dedicated oil and gas explorers and producers, as defined by stock market indices provider FTSE Russell, from the fund's benchmark index.
* STOXX 600 turns positive, up 0.2% * Oil stocks get boost from crude price spike on oil tanker attack * 1&1 Drillisch jumps 7% after buying first ever 5G spectrum * Ferguson climbs 6.1% after Trian Investors take stake * Aurubis hits Oct. 2014 lows on profit warning, CEO exit June 13 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: email@example.com SUPPLY SHOCK SHAKES UP OIL MARKET FOCUSED ON SLUGGISH DEMAND (1048 GMT) Oil stocks got a boost this morning from a sharp jump in crude prices after two oil tankers were struck in suspected attacks in the Gulf of Oman.
Royal Dutch Shell PLC hopes a tax on hydrocarbon exports from Argentina will expire by the end of 2020 to help lower production costs in the nation's promising Vaca Muerta shale play, a company executive said on Wednesday. Currently, drilling costs at wells in Vaca Muerta, a Belgium-sized region in Argentina's Neuquen province, are around 20% higher than comparable U.S. shale projects, Sean Rooney, the general manager of Shell Argentina, told Reuters in an interview.
Dutch lawmakers have launched an inquiry into how to make multinationals pay their fair share of tax, after public criticism that government reforms do not go far enough. Scores of multinationals use the Netherlands to pare their tax bills but the Dutch, who bore tax hikes after the financial crisis, are growing increasingly hostile to minimising company tax, which is legal and has gone unchallenged for decades. Parliamentarians voted on Tuesday to establish an expert commission to examine how to make taxing multinationals "more fair" after Netherlands-based Shell recently acknowledged it had paid virtually no Dutch corporation tax in 2018.
U.S. refiner PBF Energy Inc on Tuesday agreed to pay up to $1 billion for a California oil refinery that Royal Dutch Shell PLC has been trying to sell for at least four years. Terms of the deal require Shell to pay about $70 million for turnaround costs anticipated in the first quarter of 2020, and about $40 million in compensation for downtime, if the deal does not close by the first quarter of 2020, PBF said in a presentation https://investors.pbfenergy.com/~/media/Files/P/PBF-Energy-IR-V2/reports-and-presentations/2019-06-11-presentation.pdf. The deal is expected to close by December and is expected to be "significantly accretive" to PBF's earnings and cash flow, the company said.
Terms of the deal require Shell to pay about $70 million for turnaround costs anticipated in the first quarter of 2020, and about $40 million in compensation for downtime, if the deal does not close by the first quarter of 2020, PBF said in a presentation https://investors.pbfenergy.com/~/media/Files/P/PBF-Energy-IR-V2/reports-and-presentations/2019-06-11-presentation.pdf. The deal is expected to close by December and is expected to be "significantly accretive" to PBF's earnings and cash flow, the company said. Shell had put the Martinez, California plant on the market in 2015 and later suspended its sales efforts after a fire at the refinery.
Which Integrated Energy Companies' Earnings Could Jump in 2019?(Continued from Prior Part)Shell’s growth estimateRoyal Dutch Shell (RDS.A) is expected to post the second-best rise in its earnings in 2019, following Suncor Energy (SU). Wall Street
Mexico's independent oil regulator on Tuesday approved deepwater energy exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the maritime border with the United States. The plans commit the Anglo-Dutch oil major to invest at least $397 million (£312 million) over the next four years, but if the drilling proves successful it could grow to some $1.316 billion, according to the regulator, known as the National Hydrocarbons Commission, or CNH. Four of the areas are located in the Perdido Fold Basin, where significant oil and gas activity exists on the U.S. side, as well as one area further south in the Salina Basin.
French energy group Total said it had launched the second phase of development for the Mero project off the coast of Brazil, along with its partners, as the deep offshore oil project moves closer to getting off the ground. "The decision to launch Mero 2 comes as a new milestone in this large-scale project that will develop the giant oil resources of the Mero field, estimated at 3 to 4 billion barrels," said Arnaud Breuillac, Total's head of exploration and production. The Mero 2 floating production storage and offloading vessel(FPSO) will have a liquid treatment capacity of 180,000 barrels per day and is expected to start by 2022.