Royal Dutch Shell Share Price (RDSA)

Royal Dutch Shell (Full Year Results)  Q4 2012 earnings, on a current cost of supplies (CCS) basis, were $7.3 billion compared with $6.5billion in the same quarter a year ago.  Full year 2012 CCS earnings were $27.0 billion compared with $28.6 billion in 2011.  Fourth quarter 2012 CCS earnings, excluding identified items, were $5.6 billion compared with $4.8 billion in the fourth quarter 2011, an increase of 15%.  Full year 2012 CCS earnings excluding identified items were $25.1 billion compared with $24.7 billion in 2011, an increase of 2%.  Basic CCS earnings per share ex identified items for the FY 2012 increased by 1% versus 2011.  Cash flow from operating activities was $9.9bn in Q4 2012 and $46.1bn for the full year.  Excluding movements in working capital, cash flow from operating activities was $8.9 billion in the fourth quarter 2012 and $42.7 billion for the full year.  A fourth quarter 2012 dividend has been announced of $0.43 per ordinary share and $0.86 per American Depositary Share (ADS), an increase of 2.4% compared with the fourth quarter 2011.

Investec has put its 'hold' rating for Royal Dutch Shell under review after a "substantial" net income miss by the oil producer in the fourth quarter. Meanwhile, another negative surprise came from the company's higher-than-expected capital expenditure guidance in a separate statement. "Spending is set to be higher, for longer," the broker said

Royal Dutch Shell has ambitious plans to increase production over the next few years, and despite investor fears that the level of investment needed will crimp returns, Questor in The Telegraph feels confident this is the correct strategy for Shell to pursue. The most important thing for investors to consider about Shell is its cash generation. The company's stated strategy is to improve cash flow by 50% to $200bn over the 2012-15 period. The quarterly dividend was increased by 1c to 43c and it will be paid on December 20th. The shares trade without entitlement to this payment from November 14th. The prospective yield in 2013 is a healthy 5%. The company has the scope to increase its payments, despite its ambitious capital expenditure plans. Gearing stood at just 8.6%, down from 10.8% a year ago, so borrowings are very low. The shares remain a buy for income and delivery on strategy.

ROYAL DUTCH SHELL PLC THIRD QUARTER 2012 INTERIM DIVIDEND The Board of Royal Dutch Shell plc ("RDS") today announced an interim dividend in respect of the third quarter of 2012 of US$0.43 per A ordinary share ("A Share") and B ordinary share ("B Share"), an increase of US$ 0.01 on the equivalent US dollar dividend for the same quarter last year. RDS provides eligible shareholders with a choice to receive dividends in cash or in shares via a Scrip Dividend Programme ("the Programme"). For further details please see below. Details relating to the third quarter 2012 interim dividend It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism from UK-sourced income of the Shell Group. Per ordinary share Q3 2012 RDS A Shares (US$) 0.43 RDS B Shares (US$) 0.43 Cash dividends on A Shares will be paid, by default, in euro, although holders of A Shares will be able to elect to receive dividends in pounds sterling. Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in euro. The pounds sterling and euro equivalent dividend payments will be announced on December 7, 2012. Per ADS Q3 2012 RDS A ADSs (US$) 0.86 RDS B ADSs (US$) 0.86 Cash dividends on American Depository Shares ("ADSs") will be paid, by default, in US dollars.

http://www.investegate.co.uk/Article.aspx?id=20121101070035P877B

Oil giant Shell has announced one of its biggest Scottish North Sea energy projects in the past decade which will pump 5% of Britain’s gas needs at peak production.The British/Dutch company said yesterday it would develop the Fram oil and gas field about 135 miles east of Aberdeen following the green light from the Department of Energy and Climate Change. Energy minister John Hayes said: “The durability of oil production in the North Sea constantly confounds expectation. “It is a tribute to the high-tech advances and expertise of British industry, which has constantly pushed the boundaries of what can be produced. Fram itself will add around 2% to our [total] oil and gas production – securing jobs, creating revenue and adding to our security of supply.” Shell, which shares the field with US-based Exxon Mobil, said Fram will come on stream in three years and produce 35,000 barrels of oil and gas equivalent a day (boepd) at its peak, The Scotsman says.