Royal Dutch Shell plc

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  • Fri, Feb. 5, 11:49 AM
    • BG Group (OTCQX:BRGXF, OTCQX:BRGYY), the U.K. energy company being acquired by Royal Dutch Shell (RDS.A, RDS.B), says its adjusted Q4 earnings of $423M were cut by more than half from a year earlier but well ahead of analyst consensus of $347M.
    • For FY 2015, BG recorded a pre-tax profit of $2.97B, against a loss of $2.3B in 2014; Shell's full-year earnings fell 80% Y/Y to $3.84B.
    • BG's full-year production rose 16% Y/Y to 704K boe/day, ahead of guidance for 680K-700K boe/day.
    • Collapsing crude oil prices have affected BG less than some of its peers because the company is one of the few producers increasing output as projects start in Australia and Brazil - a top attraction for Shell, which is eager boost its own reserves, production and cash flow.
    | Fri, Feb. 5, 11:49 AM | 6 Comments
  • Thu, Feb. 4, 2:56 PM
    • Suncor Energy (NYSE:SU) CEO Steve Williams says a meeting today between major players in Canada’s oil patch and PM Trudeau was encouraging but included no assurances on pipeline approvals.
    • Trudeau has pledged to seek greater global market access for Alberta’s oil sands crude so long as it can be done in an environmentally sustainable manner; the federal government's move last week to require an assessment of new pipelines’ impact on Canada’s greenhouse gas emissions and Native American communities was viewed as a setback by much of the oil industry.
    • Also included in the discussion were senior officials from Royal Dutch Shell (RDS.A, [[RDS.B), Husky Energy (OTCPK:HUSKF), Cenovus Energy (NYSE:CVE), Canadian Natural Resources (NYSE:CNQ), Imperial Oil (NYSEMKT:IMO) and Encana (NYSE:ECA).
    | Thu, Feb. 4, 2:56 PM | 12 Comments
  • Thu, Feb. 4, 12:22 PM
    • Royal Dutch Shell (RDS.A, RDS.B) says it is postponing an investment decision on the proposed LNG Canada project to the end of 2016, as lower global oil prices restrict its ability to spend.
    • "This is to manage affordability and get better value from the supply chain in this downturn," CEO Ben Van Beurden says on Shell's earnings conference call.
    • Shell has been one of the front-runners among nearly two dozen liquefied natural gas export proposals along Canada’s Pacific coast.
    • Shell, whose partners in the project include Korea Gas, Mitsubishi and PetroChina (NYSE:PTR), had talked about making a final investment decision this year but had not set a firm date.
    • FirstEnergy Capital analyst says the move particularly hurts TransCanada (NYSE:TRP), which the Shell-led group had hired to build their pipeline.
    | Thu, Feb. 4, 12:22 PM | 6 Comments
  • Thu, Feb. 4, 6:27 AM
    • Royal Dutch Shell (NYSE:RDS.A): Q4 EPS of $0.29 beats by $0.02.
    • Revenue of $58.15B (-37.0% Y/Y)
    • Press Release
    | Thu, Feb. 4, 6:27 AM
  • Thu, Feb. 4, 5:37 AM
    • Royal Dutch Shell (NYSE:RDS.A) declares $0.94/share quarterly dividend, in line with previous.
    • Forward yield 8.74%
    • Payable March 29; for shareholders of record Feb. 19; ex-div Feb. 17.
    | Thu, Feb. 4, 5:37 AM | 15 Comments
  • Thu, Feb. 4, 3:40 AM
    • Royal Dutch Shell (RDS.A, RDS.B) has become the latest big energy company to file a damage report on the impact of depressed crude prices, saying that fourth-quarter profit fell 44% to $1.8B.
    • "Shell will take further impactful decisions to manage through the oil price downturn, should conditions warrant that," Chief Executive Ben van Beurden said in a statement.
    • The company also announced a Q4 dividend of $0.47 per ordinary share and $0.94 per ADS.
    | Thu, Feb. 4, 3:40 AM | 43 Comments
  • Wed, Feb. 3, 5:30 PM
  • Mon, Feb. 1, 3:39 PM
    • Standard & Poor’s lowers its credit rating on Royal Dutch Shell (RDS.A, RDS.B) and places Shell, BP, Eni (NYSE:E), Repsol (OTCQX:REPYF, OTCQX:REPYY), Statoil (NYSE:STO) and Total (NYSE:TOT) on ratings watch with potential negative implications.
    • S&P's moves, which include downgrading Shell's ratings to A+/A-1 from AA-/A-1+, comes three weeks after the ratings agency lowered its price assumption for Brent crude to $40/bbl for 2016.
    | Mon, Feb. 1, 3:39 PM | 10 Comments
  • Mon, Feb. 1, 3:15 PM
    • Alberta's government says it will provide up to C$500M (US$357M) in subsidies to support new petrochemical plants, part of a plan to help diversify the province’s economy by creating higher value products from its resources.
    • The subsidies are designed to attract two or three new petrochemical projects, each of which would be eligible for up to C$200M in credits for purchasing ethane or propane; the credits would be provided only once a facility is built and starts operating to reduce the financial risk to the province.
    • The program follows Alberta’s review of oil and gas royalty charges, which was unveiled Friday and said there was an opportunity to encourage more petrochemical processing in the province.
    | Mon, Feb. 1, 3:15 PM | 44 Comments
  • Mon, Feb. 1, 10:26 AM
    • Royal Dutch Shell (RDS.A, RDS.B) agrees to sell its 51% stake in the Shell Refining Company in Malaysia,  including the 125K bbl/day refinery in Port Dickson, to Chinese refiner Malaysian Hengyuan International for $66.3M.
    • Shell Refining is a key petroleum products supplier to Shell's downstream businesses in Malaysia.
    • Shell says the move is part of its strategy of positioning itself for a sustained downturn in crude oil prices by cutting capital investments.
    | Mon, Feb. 1, 10:26 AM
  • Fri, Jan. 29, 2:15 PM
    • Alberta's new government unveils its new oil and gas royalty framework that left rates unchanged on existing oil wells and oil sands projects, easing fears that it could lead to higher costs and job losses at a time when Canada's energy heartland is already staggering from collapsing oil prices.
    • The highly anticipated royalty review keeps the current commodity price-based system, but will levy rates once the cost of a well has been recouped based on industry averages for drilling costs in Alberta, will apply only to new wells from 2017 onward; existing royalty rates will remain in place for 10 years on wells drilled before 2017.
    | Fri, Jan. 29, 2:15 PM | 38 Comments
  • Thu, Jan. 28, 9:58 AM
    • BG Group (OTCQX:BRGXF, OTCQX:BRGYY) says its shareholders have voted in support of the takeover by Royal Dutch Shell (RDS.A, RDS.B), Reuters reports, all but completing the long-awaited merger.
    • At a meeting in London, 99.5% of BG shareholders voted in favor of the merger, a day after 83% of Shell's shareholders approved the deal.
    • BG CEO Helge Lund, who joined BG just weeks before the merger was announced, will step down; Shell exec Huibert Vigeveno, who headed the integration planning in recent months, will become transitional CEO.
    | Thu, Jan. 28, 9:58 AM | 2 Comments
  • Wed, Jan. 27, 12:59 PM
    • Mexican energy regulators say they will ease up on the pace of oil auctions amid growing signs that the slump in oil and gas prices will be deeper and last longer than previously thought, WSJ reports.
    • Officials say the opening to the private sector will move forward despite low oil prices, but with some tweaks in hopes that slowing down the timeline for costlier auctions will give the market time to swing back to more profitable numbers.
    • Three companies - Chevron (NYSE:CVX), Shell (RDS.A, RDS.B) and Total (NYSE:TOT) - have begun the process of pre-qualifying for Mexico's next deepwater auction, which means submitting paperwork showing their technical expertise and financial wherewithal, but oil analysts note that global oil companies are cutting investment budgets and could be cautious about taking on expensive projects once oil prices start to rise.
    | Wed, Jan. 27, 12:59 PM | 2 Comments
  • Wed, Jan. 27, 7:40 AM
    • Royal Dutch Shell (RDS.A, RDS.B) shareholders vote to approve the purchase of BG Group (OTCQX:BRGXF, OTCQX:BRGYY), according to reports.
    • BG shareholders are expected to vote on the deal tomorrow; if BG gives its approval, the deal is expected to be completed on Feb. 15.
    • Update: Shell press release
    | Wed, Jan. 27, 7:40 AM | 2 Comments
  • Wed, Jan. 27, 4:44 AM
    • Royal Dutch Shell (RDS.A, RDS.B) faces a crucial test this week when its proposed $45B acquisition of BG Group (OTCQX:BRGYY), the British oil and gas producer, will be put to both companies' shareholders.
    • Shell investors are expected to vote today, and BG's tomorrow.
    • Some have been skeptical about Shell going ahead with such a big acquisition at a time of falling oil prices, but big stakeholders like the Norway oil fund support the deal.
    | Wed, Jan. 27, 4:44 AM | 5 Comments
  • Mon, Jan. 25, 6:49 PM
    • Investment in Canada’s oil and gas industry is forecast to fall again this year, as the price of the heavy crude produced from Alberta's oil sands has fallen so low that some companies are losing money on every barrel they sell, and are looking at ways to cut production.
    • The Canadian Association of Petroleum Producers predicts the industry will invest C$42B in 2016, 13% less than in 2015 and 48% less than in 2014 - a steeper decline than investment in oil and gas production worldwide, which is expected to drop by 40% during 2014-16, according to Wood Mackenzie.
    • On top of plummeting prices, Alberta's new left-leaning government plans to cap carbon emissions from the oil sands, a move that threatens to strand billions of barrels of crude; companies including Exxon (NYSE:XOM), BP, Chevron (NYSE:CVX), ConocoPhillips (NYSE:COP), Shell (RDS.A, RDS.B), Marathon Oil (NYSE:MRO), Total (NYSE:TOT), Statoil (NYSE:STO) and Cnooc (NYSE:CEO) have invested in Alberta megaprojects to tap the world's third largest oil reserves, smaller only than Saudi Arabia and Venezuela.
    | Mon, Jan. 25, 6:49 PM | 56 Comments
Company Description
Royal Dutch Shell PLC is an integrated oil & gas company. The Company explores for & extracts crude oil, natural gas and natural gas liquids. It also liquefies and transports gas.