RDSB.L - Royal Dutch Shell plc

LSE - LSE Delayed price. Currency in GBp
2,279.50
-3.50 (-0.15%)
At close: 4:39PM BST
Stock chart is not supported by your current browser
Previous close2,283.00
Open2,281.00
Bid2,260.00 x 0
Ask2,563.00 x 0
Day's range2,276.00 - 2,297.28
52-week range2,227.00 - 2,725.50
Volume3,418,347
Avg. volume5,587,715
Market cap182.719B
Beta (3Y monthly)1.16
PE ratio (TTM)9.18
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.52 (6.66%)
Ex-dividend date2019-08-15
1y target estN/A
  • Reuters - UK Focus

    U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities

    U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. Shale producers this year have been cutting budgets and workers and trimming production goals after years of heavy spending. Producers will see increased demand, especially from Asian buyers.

  • Chevron Stock Falls in Q3: Where’s It Headed?
    Market Realist

    Chevron Stock Falls in Q3: Where’s It Headed?

    Chevron (CVX) stock has fallen 1.4% since July 1, 2019, the beginning of the current quarter. Prices of WTI crude oil have fallen 6.0% in the quarter.

  • The Shell share price vs the FTSE 100: which is the better buy?
    Fool.co.uk

    The Shell share price vs the FTSE 100: which is the better buy?

    Royal Dutch Shell Plc Class B (LON:RDSB) is a dividend champion, but the FTSE 100 (INDEXFTSE:UKX) might be a better buy argues this Fool.

  • Valuations: Where Do XOM, CVX, Shell, and BP Stand?
    Market Realist

    Valuations: Where Do XOM, CVX, Shell, and BP Stand?

    The valuations of integrated energy stocks ExxonMobil, Chevron, Shell, and BP have been slammed in Q3, led by volatile equity markets and oil prices.

  • Reuters - UK Focus

    FOCUS-Low-cost fracking offers boon to oil producers, headaches for suppliers

    At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000. The technology, called electric fracking and powered by natural gas from EOG's own wells instead of costly diesel fuel, shows how shale producers keep finding new ways to cut costs in the face of pressures to improve their returns. E-frac, as the new technology is called, is being adopted by EOG, Royal Dutch Shell Plc, Exxon Mobil Corp and others because of its potential to lower costs, reduce air pollution and operate much quieter than conventional diesel-powered frac fleets.

  • Reuters - UK Focus

    UPDATE 3-Oil protesters cause partial shutdown of Houston Ship Channel in Texas

    The U.S. Coast Guard on Thursday closed part of the Houston Ship Channel to vessel traffic near Baytown, Texas, after 11 Greenpeace USA protesters suspended themselves by cables over the key oil export waterway. The closure of one portion of the channel, which stretches 53 miles (85 km) from its entrance in the Gulf of Mexico to the Port of Houston, blocked tanker ship traffic to and from five major oil refineries as well as chemical and oil-export terminals. In Twitter messages posted by Greenpeace USA, protesters can be seen dangling on harnesses from the bridge over the waterway, with large yellow banners flapping in the wind.

  • Reuters - UK Focus

    UPDATE 2-Tariff delay, Morrisons help FTSE 100 stay afloat

    London's blue-chip index ended in the black on Thursday as trade concerns were soothed by a two-week U.S. tariff reprieve on Chinese imports and Morrisons jumped on upbeat profit and forecast. The FTSE 100 index was in and out of negative territory through the session but ended 0.1% higher, boosted by a 1% rise in tobacco giant BAT after layoff plans that offset losses in oil majors BP and Shell. The main index earlier touched a more than one-month high, helped by gains in global miners such as BHP and Anglo American after U.S. President Donald Trump agreed to delay increasing tariffs on $250 billion worth of Chinese imports.

  • Reuters - UK Focus

    Norway's Aasta Hansteen gas field production can exceed max capacity -Gassco, Equinor

    Norway's Aasta Hansteen field, which exports gas to Britain and other European countries, has on several occasions produced more than its maximum level, pipeline operator Gassco and operator Equinor told Reuters. The two fields can produce a maximum of some 23 million cubic metres (mcm) of gas per day, but their production has already reached at times 25 mcm/day, Equinor and Gassco said. "Aasta Hansteen plateau is on approximately 23 mcm/day, but in periods it's been tested with higher capacity and reached for some time, during these periods, 25 mcm/day," said a spokesman for Equinor, the field's operator.

  • Naspers Unit Soars in Debut to Close Discount With Tencent
    Bloomberg

    Naspers Unit Soars in Debut to Close Discount With Tencent

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Naspers Ltd.’s newly listed internet unit received an enthusiastic early response from investors, soaring on its trading debut to close a valuation discount to its biggest investment, Chinese tech giant Tencent Holdings Ltd.Prosus NV, as the new Amsterdam-listed company is known, jumped as much as 32% in early trading to value the business at about 125 billion euros ($138 billion). The group’s 31% stake in WeChat creator Tencent is worth about $131 billion, the result of a timely investment made almost two decades ago.The investor reaction is an early vindication of the strategy masterminded by Naspers Chief Executive Officer Bob van Dijk, who took the helm of the Cape Town-based company five years ago. His plan to carve out Prosus into a new listing in Amsterdam was designed to attract a more global investor base and realize more value, while weakening the group’s dominance over the Johannesburg stock exchange.The move to Euronext is “to facilitate our next phase of growth,” Van Dijk said in an interview with Bloomberg TV just after the market opened. Prosus’s classified-ads business is the largest in the world, while the group also sees fast expansion in internet payments, food delivery and online trading in second-hand goods, he said.While the discount to Tencent was all but wiped out, the firm is still trading below the sum of its parts when you add other assets, including shareholdings in Russia’s Mail.Ru Group Ltd. and Delivery Hero SE of Germany. Van Dijk’s next challenge will be to generate higher returns from those investments and prove that Prosus isn’t merely a proxy for holding Tencent stock.“Our next step will be to bed down and invest in our core business units,” Chief Financial Officer Basil Sgourdos said by phone.Shares in Prosus -- a Latin word meaning ‘forwards’ -- declined slightly after the early surge. The value as of 11:28 a.m. in Amsterdam was 121 billion euros, making it the third-largest publicly traded company in the Netherlands, behind Royal Dutch Shell Plc and Unilever NV. Its market value rivals that of Europe’s biggest tech company, Germany’s SAP SE.Naspers is retaining a 73% stake in Prosus, and will keep hold of South African businesses including the newspapers that form the basis of the company’s origins a century ago. Its stock rose in Johannesburg, trading 5.4% higher as of 11:28 a.m. local time.“Naspers has been looking to unlock value in the steep discount applied to its Tencent holding and the successful listing of Prosus today has certainly gone some way to achieving that target,” said Neil Campling, an analyst at Mirabaud Securities. “Prosus is not only the Tencent holding though.”(Updates with CFO comment in sixth paragraph.)\--With assistance from Swetha Gopinath, Anna Edwards, Matthew Miller and Kit Rees.To contact the reporters on this story: Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.net;John Bowker in Johannesburg at jbowker2@bloomberg.netTo contact the editors responsible for this story: Thomas Pfeiffer at tpfeiffer3@bloomberg.net, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Big Oil Circles Permian Riches as Shale Stocks Collapse
    Bloomberg

    Big Oil Circles Permian Riches as Shale Stocks Collapse

    (Bloomberg) -- A bloodbath in energy stocks is creating a rich opportunity for Big Oil to dominate America’s hottest shale play.Independent producers in the Permian Basin of Texas and New Mexico are trading much lower than when Chevron Corp. bid for Anadarko Petroleum Corp. in April. Royal Dutch Shell Plc and ConocoPhillips have expressed interest in bulking up in shale at the right price. Exxon Mobil Corp.’s chief said Wednesday his company is keeping a “watchful eye” on the Permian for potential deals.Oil’s drop to near $55 a barrel, from $75 in October, is putting pressure on shale producers at a time when investors are losing faith in an industry that has burned about $200 billion of cash in a decade. Despite record U.S. output, the S&P index of independent exploration and production companies is trading near its troughs of 2008 and 2015, when crude prices sank south of $35 a barrel. The producers are now worth just 4.5 times their earnings before certain items, compared with 9 times about a year ago.“It’s clear there are many E&Ps trading well below the Chevron valuation watermark from April,” said Michael Roomberg, who helps manage $4.4 billion at Miller/Howard Investments Inc. He expects “several additional deals over the next several quarters, and wouldn’t be surprised if the majors are involved.”Pioneer Natural Resources Co. or Concho Resources Inc., which have both struggled this year, would be a good fit for Exxon, while Shell may look at smaller players like WPX Energy Inc. and Cimarex Energy Co., according to Tudor, Pickering, Holt & Co.The collapse in valuations has been so severe that the biggest shale producers may also come into play. EOG Resources Inc. and Occidental Petroleum Corp. could also be targeted, Ben Cook, a portfolio manager at BP Capital in Dallas, said earlier this year. Activist investor Carl Icahn is pushing for a shakeup of the board at Occidental.After a slow start in shale, Exxon and Chevron have expanded in the Permian at prodigious rates over the past two years and now see onshore exploration in the U.S. as a key part of their global growth plans. They expect to more than double output to roughly 1 million barrels a day each by the early 2020s.The two heavyweights are betting their ability to fund enormous drilling programs and build associated infrastructure like pipelines and gas terminals means they won’t encounter the growing pains the independents are currently experiencing.“If there is the opportunity to acquire something that brings unique value to Exxon Mobil, we’ll be in a position to transact on that,” Exxon CEO Darren Woods said at a Barclays Plc conference Wednesday.But he’s willing to let potential targets struggle for some time to get a better price.“Time’s on our side to let that play itself out,” Woods said. “I think people need to recalibrate what they’re experiencing in that unconventional space, and that will have an impact on how people value companies.”Chevron will be “opportunistic” in making acquisitions, the company’s North America head Jeff Gustavson said at the same conference. Any deal would have to be a strategic fit and be good value, he said.BP Plc entered the fray a year ago, acquiring BHP Group Ltd.’s onshore oil and gas assets for $10.5 billion. In hindsight, the timing looks bad given the slump in shale valuations since then.Waiting for too long could be risky as well. On the day Chevron bid for Anadarko (which it ended up losing to Occidental Petroleum Corp.), major shale producers surged as much as 12% as investors bet on a buyout frenzy.So far, Exxon, Chevron and Shell are looking smart.Some shale producers are struggling to pay creditors, with Sanchez Energy Corp. and Halcon Resources Corp. recently filing for bankruptcy protection.The majors “are going to go out there and run these guys into bankruptcy,” Mark Rossano, CEO of C6 Capital Holdings, said on Bloomberg TV. “They’re going to look to pick up acreage at significant discounts.”(Corrects Pioneer’s Permian output in chart titled ‘Major Rivalry’ in story published Sept. 4)To contact the reporter on this story: Kevin Crowley in Houston at kcrowley1@bloomberg.netTo contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    Oil and gas majors sign deal to implement blockchain in Bakken oilfield

    A group of oil and gas companies has agreed to begin testing blockchain, a technology at the heart of digital currencies, in a bid to lower administrative costs in their field operations while also reducing payment disputes and chances for fraud. The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp, ConocoPhillips, Exxon Mobil Corp, Equinor and Royal Dutch Shell , among others, has awarded a contract to Data Gumbo to pilot the technology for water handling services in the Bakken shale field in North Dakota.

  • Reuters - UK Focus

    UPDATE 2-Netherlands to halt Groningen gas production by 2022

    The Netherlands will halt production at Groningen, Europe's largest onshore natural gas field, by 2022, eight years earlier than initially planned, the Dutch government said on Tuesday. Groningen produced nearly 54 billion cubic metres (bcm) of gas in 2013 before tremors blamed on drilling damaged buildings and prompted a series of lowered caps on output and protests by residents and campaigners.

  • Reuters - UK Focus

    UPDATE 1-South Africa's Mossel Bay GTL plant could be out of gas by 2020

    South Africa's national oil company, PetroSA, expects its flagship Mossel Bay gas-to-liquid (GTL) refinery to run out of domestic supplies by the end of next year, a presentation to parliament showed on Tuesday. "Reserves are close to depletion and are expected to run out by December 2020 and there is still no sustainable techno-economic long-term solution for the gas-to-liquid refinery," a presentation by the Central Energy Fund said.

  • 3 FTSE 100 dividend stocks I think are shares to buy now
    Fool.co.uk

    3 FTSE 100 dividend stocks I think are shares to buy now

    Roland Head explains why he'd buy these FTSE 100 (INDEXFTSE: UKX) income stocks today.

  • Reuters - UK Focus

    UPDATE 2-UK bluechips give up gains as sterling strengthens

    London's FTSE 100 fell on Monday as the pound ploughed ahead after unexpectedly robust economic data and as no-deal Brexit worries tempered, leaving internationally-focussed stocks in the dumps. The blue-chip index lost 0.6%, shedding earlier gains and lagging its European peers, due to steep falls in pharmaceutical shares AstraZeneca, GlaxoSmithKline , and consumer goods giant Unilever. The FTSE 250 index dipped 0.1%, though losses were limited thanks to a 10.4% surge in Intu Properties after the Times reported that private equity firm Orion Capital Managers was looking to buy the shopping centre operator.

  • 3 Top Oil Stocks to Buy Right Now
    Motley Fool

    3 Top Oil Stocks to Buy Right Now

    The industry has seen a downturn, but that may make this a good time to look for bargains.

  • Reuters - UK Focus

    UPDATE 1-Big Oil undermines U.N. climate goals with $50 bln of new projects -report

    Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday. The analysis found that investment plans by Royal Dutch Shell, BP and ExxonMobil among other companies will not be compatible with the 2015 Paris Agreement, which aims to limit global warming to 1.5 degrees Celsius.

  • Reuters

    Sapura-OMV venture expects East Malaysian gas field output by year-end

    A joint venture between Malaysia's Sapura Energy and Austrian energy group OMV will achieve first production at an East Malaysian gas field in the fourth quarter of the year, the business said on Friday. SapuraOMV, the joint venture, holds a 40 percent stake in the SK408 block, while a unit of Malaysian state energy company Petronas and a subsidiary of Shell hold 30 percent each. Peak production from the block will be achieved by 2023, SapuraOMV's chief executive, Muhammad Zamri Jusof, told reporters.

  • Big Oil undermines U.N. climate goals with $50 billion of new projects - report
    Reuters

    Big Oil undermines U.N. climate goals with $50 billion of new projects - report

    Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday. The analysis found that investment plans by Royal Dutch Shell , BP and ExxonMobil among other companies will not be compatible with the 2015 Paris Agreement, which aims to limit global warming to 1.5 degrees Celsius. "Every oil major is betting heavily against a 1.5 degree Celsius world and investing in projects that are contrary to the Paris goals," said report co-author Andrew Grant, a former natural resources analyst at Barclays.

  • Big Oil undermines U.N. climate goals with $50 billion of new projects: report
    Reuters

    Big Oil undermines U.N. climate goals with $50 billion of new projects: report

    Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday. The analysis found that investment plans by Royal Dutch Shell , BP and ExxonMobil among other companies will not be compatible with the 2015 Paris Agreement, which aims to limit global warming to 1.5 degrees Celsius. "Every oil major is betting heavily against a 1.5 degree Celsius world and investing in projects that are contrary to the Paris goals," said report co-author Andrew Grant, a former natural resources analyst at Barclays.

  • Bloomberg

    Big Oil Spending Clashes With Climate Goals, Carbon Tracker Says

    (Bloomberg) -- Major oil companies have pledged devotion to the goals of the Paris climate accord, but a report from Carbon Tracker analyzing their spending plans suggests their hearts still belong to hydrocarbons.The $50 billion in spending on new oil and gas developments that companies have pledged isn’t compatible with a world that wants to limit global temperature rises to less than 2 degrees Celsius, according to the study. Some of the notable mismatches come from European giants Royal Dutch Shell Plc and Equinor ASA, whose executives regularly make strong statements about their own personal sense of responsibility to mitigate the dangers of climate change.The report puts a fragile truce between Big Oil and its critics at risk. Some companies have said they’ll slowly cut their own emissions and offer products with less carbon, placing them in line with the tenants of the Paris climate agreement. By doing so, they hope to meet rising energy demand in the short-term and continue their large dividend payments, while limiting dangerous global warming later on. The Carbon Tracker analysis suggests that it doesn’t matter if that’s a good plan, because companies aren’t implementing it.“To meet climate goals, it is an unavoidable consequence that fossil fuel use must drop dramatically,” the report’s authors Andrew Grant and Mike Coffin wrote. “The only way that fossil fuel companies can be ‘Paris-aligned’ is to commit to not sanctioning projects that fall outside this constraint, and shrink where necessary.”Carbon Tracker has become an influential force among oil company investors since its founding in 2009. It counts former analysts of major banks and scientists among its staff. Coffin spent a decade as a geologist for BP Plc.Coffin and Grant’s analysis showed some of the major projects recently approved, including Shell’s LNG Canada facility, are out of sync with its comments on climate change. The Anglo-Dutch oil major plans to spend about $13 billion to develop the massive LNG export project between 2019 and 2030, but it will only reach its hoped-for investor return if the world surpasses its warming targets, according to Carbon Tracker’s analysis.Carbon BudgetsThe report determines whether a project is out of sync with the Paris accord by calculating a “carbon budget” for the world’s temperature rise to remain within 2 degrees Celsius. The Shell-led LNG Canada made the list of at-risk projects because it needs natural gas prices to be above the level they are today to provide a high return, suggesting demand must rise.A Shell spokeswoman said the company is confident that the project will be cost competitive because of its proximity to gas-hungry Asian markets.“We agree that the world is not moving fast enough to tackle climate change. Shell is acting now and this is being recognized by investors,” the spokeswoman said. “As the energy system evolves, so is our business, to provide the mix of products that our customers need and ensure that Shell continues to be a world class investment case through the energy transition.”Other expensive projects, including the Canadian oil sands, are at risk. Exxon Mobil Corp. is the only oil major to approve an oil sands development in the past five years, giving the green light to the $2.6 billion Aspen project last year, though development has since been slowed. It needs an oil price of about $80 a barrel to return 15% to investors, Carbon Tracker said. Brent futures, the international crude benchmark, is currently trading at about $62 a barrel.All of the largest oil companies have some projects that Carbon Tracker says don’t align with the Paris accord. Some of the smaller energy companies, such as specialists in shale, don’t produce anything that is consistent with climate change targets, the analysis showed. Despite the fact that European oil majors talk more about their approach to the energy transition more than their U.S. peers, the companies with the most climate-friendly portfolios spanned the globe.Out of the world’s five ultra-major oil companies, BP’s portfolio is most closely aligned with sustainability goals, with 83% of its capital expenditure budget allocated to projects that will likely be safe investments in a world that keeps warming well below 2 degrees. Exxon fared the worst, with only 63% of its spending over the same period aligned with a severely carbon-constrained world.All companies have pushed back against the notion that any of their investments won’t be safe bets. While BP’s head of strategy, Dominic Emery, said in an interview that some of its resources will stay in the ground, he added that projects the company has already approved are good investments. Additionally, Patrick Pouyanne, the chief executive of France’s Total SA, told delegates at the SPE Offshore Europe Conference in Aberdeen, Scotland, this week there’s no risk the company has stranded assets, and that it’s targeting the cheapest oil possible.Exxon supports the aims of the Paris Agreement but its CEO, Darren Woods, said this week the world’s rapidly growing demand for energy won’t be met by renewables alone. He cited International Energy Agency estimates that $21 trillion of new investment in energy production is needed by 2040, representing a “compelling investment case” for fossil fuels.Exxon’s raft of megaprojects from offshore oil in Guyana, liquefied natural gas in Mozambique and petrochemicals in Texas are “robust” to short and long-term price fluctuations and public policy changes, Woods said.An Exxon spokesman didn’t have any comment on the Carbon Tracker report beyond Woods’s remarks.To contact the reporter on this story: Kelly Gilblom in London at kgilblom@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Helen Robertson, Rakteem KatakeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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