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Pin to quick picksShell Share News (SHEL)

Share Price Information for Shell (SHEL)

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Share Price: 2,777.00
Bid: 2,767.50
Ask: 2,768.00
Change: 9.50 (0.34%)
Spread: 0.50 (0.018%)
Open: 2,758.00
High: 2,780.00
Low: 2,747.00
Prev. Close: 2,767.50
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TOP NEWS: Shell eyes up to USD4.5 billion quarterly impairment cost

Mon, 08th Jan 2024 08:43

(Alliance News) - Shell PLC on Monday narrowed its production outlook for the fourth quarter of 2023, as it anticipated paying less tax but significantly higher impairment charges.

The London-based oil major said that it expected between USD2.5 billion and USD4.5 billion in impairment charges for the quarter, compared to the USD700 million it reported for the fourth quarter of 2022.

Shell said the impairments for the most recent quarter are driven by portfolio choices, such as its Singapore Chemicals & Productions assets, which Reuters had reported Shell plans to sell by the end of 2024.

Further, it expects to pay between USD3.4 billion and USD4.2 billion in tax for the fourth quarter of 2023, down from USD4.37 billion in 2022's final quarter.

For Integrated Gas, Shell expects production of 880,000 to 920,000 barrels of oil per day, compared to 917,000 a year prior. Trading and optimisation in the division is expected to be "significantly higher" than the prior quarter, due to "seasonality and increased optimisation opportunities.

For Upstream, it expects production between 1.83 and 1.93 million barrels of oil equivalent per day, a narrowed outlook range from 1.75 million to 1.95 million barrels it gave for the fourth quarter of 2023 back in November. In the fourth quarter of 2022, Upstream had produced 1.86 million barrels of oil per day.

Further, for its renewables unit, it now expects between an adjusted loss of USD300 million and an adjusted profit of USD300 million for the fourth quarter of 2023, compared to an adjusted profit of USD293 million in the fourth quarter of 2022.

Shell will release its 2023 results on February 1.

Shell shares fell 2.3% to 2,511.44 pence each on Monday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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17 May 2024 18:07

TotalEnergies strikes supply deal with Dangote on Nigerian refinery

KIGALI, May 17 (Reuters) - French energy major, TotalEnergies, had struck its first supply deal with Dangote Refinery in Nigeria, Chief Executive Patrick Pouyanne said on Friday, following a meeting with Africa's richest man, Aliko Dangote.

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16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher following Wednesday's softer US inflation data.

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16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

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16 May 2024 09:02

Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024

BANGKOK, May 16 (Reuters) - Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exits of global giants Shell and Chevron.

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15 May 2024 13:18

Workers heading back to the office on Mondays, caterer Compass says

May 15 (Reuters) - Mondays are now as busy as Thursdays in office canteens in the United States and Britain, the world's largest food catering firm Compass Group said on Wednesday.

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15 May 2024 10:46

Berenberg raises target price on Shell

(Sharecast News) - Analysts at Berenberg raised their target price on energy giant Shell from 2,950.0p to 3,400.0p on Wednesday, stating the group was "still on the right track".

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15 May 2024 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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14 May 2024 21:40

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday they are satisfied that Venture Global LNG is trying to correct faults at the heat recovery steam generator (HRSG) at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

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14 May 2024 18:47

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator (HRSG) at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

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14 May 2024 16:19

UK shareholder meetings calendar - next 7 days

Wednesday 15 May 
Accrol Group Holdings PLCGM re takeover by Navigator Paper
Aura Renewable Acquisitions PLCAGM
Barratt Developments PLCGM re takeover of Redrow PLC
Bridgepoint Group PLCAGM
Burford Capital LtdAGM
Conduit Holdings LtdAGM
Funding Circle Holdings PLCAGM
Gama Aviation PLCGM re tender offer
GCP Asset Backed Income Fund LtdAGM
Greggs PLCAGM
IQGeo Group PLCAGM
Literacy Capital PLCAGM
Marshalls PLCAGM
Mpac Group PLCAGM
Redrow PLCGM re takeover by Barratt Developments PLC
Renewables Infrastructure Group LtdAGM
Savills PLCAGM
Seneca Growth Capital VCT PLCAGM
Spirax-Sarco Engineering PLCAGM
St James's Place PLCAGM
TP ICAP Group PLCAGM
Vesuvius PLCAGM
Thursday 16 May 
Ceres Power Holdings PLCAGM
ConvaTec Group PLCAGM
Costain Group PLCAGM
Eurocell PLCAGM
Global Opportunities Trust PLCAGM
Gresham Technologies PLCGM re takeover by STG Partners funds
H&T Group PLCAGM
Ibstock PLCAGM
Just Eat Takeaway.com NVAGM
Lloyds Banking Group PLCAGM
M&C Saatchi PLCAGM
Michelmersh Brick Holdings PLCAGM
Next PLCAGM
Predator Oil & Gas Holdings PLCAGM
PYX Resources LtdAGM
Restore PLCAGM
RTW Biotech Opportunities LtdAGM
Secure Trust Bank PLCAGM
Seplat Energy PLCAGM
Triple Point Social Housing REIT PLCAGM
Tyman PLCAGM
Unite Group PLCAGM
Vector Capital PLCAGM
Vistry PLCAGM
WAG Payment Solutions PLCAGM
Friday 17 May 
Bank of Cyprus Holdings PLCAGM
Central Asia Metals PLCAGM
Quantum Exponential Group PLCGM re potential substantial investment in company
Monday 20 May 
Georgia Capital PLCAGM
Harworth Group PLCAGM
Hilton Food Group PLCAGM
Itaconix PLCAGM
Malvern International PLCAGM
Windward LtdAGM
Revolution Bars Group PLCGM re fundraising
Tuesday 21 May 
Capita PLCAGM
Centamin PLCAGM
Coca-Cola HBC AGAGM
Dowlais Group PLCAGM
Empresaria Group PLCAGM
Equals Group PLCAGM
Fintel PLCAGM
Forterra PLCAGM
Gamma Communications PLCAGM
GetBusy PLCAGM
HydrogenOne Capital Growth PLCAGM
Impact Healthcare REIT PLCAGM
IWG PLCAGM
JTC PLCAGM
K3 Business Technology Group PLCAGM
M&G Credit Income Investment Trust PLCAGM
Metro Bank Holdings PLCAGM
Portmeirion Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Sherborne Investors (Guernsey) C LtdAGM
TBC Bank Group PLCAGM
Trustpilot Group PLCAGM
US Solar Fund PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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11 May 2024 18:05

Chinese companies win licensing bids to explore Iraq oil and gas fields

BAGHDAD, May 11 (Reuters) - Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use.

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10 May 2024 18:24

Europe Gasoline/Naphtha-Gasoline cracks register weekly drop

LONDON, May 10 (Reuters) - Northwest European gasoline refining margins rose by 37 cents to around $21.11 a barrel on Friday, but at that level registered around an 8.5% drop on the week.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $864 BP Varo
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $868-87 $878.25 BP Gunvor,
Barges 6.25 (5 (one Varo
Argus barges) barge)
E5(fob
AR)
Ebob $874.25 Assesse Phillip Totsa,
Barges d s 66, Mabanaf
E10 Argus at$867. Shell t
(fob AR) 50
June swap 853.25 $855.50
(fob ARA)
Premium $861 $871-$8 Trafigu Litasco
Unleaded 74 ra
(fob ARA)
<PU-10PP-
ARA>
Cargoes June BGN
(fob MED) +$7.50
FOB
Barcelo
na
Cargoes
(cif NWE)
Naphtha May +$5 June
(cif NWE) +$22
<NAF-C-NW
E>

Ebob crack (per barrel) $21.11 Prev. $20.74
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Robert Harvey; Editing by Kirsten Donovan)

Read more
10 May 2024 15:38

NextDecade Texas Rio Grande LNG Train 1 on track for late 2027 completion

May 10 (Reuters) - U.S. liquefied natural gas (LNG) company NextDecade said the first phase of its Rio Grande project in Texas remained on budget and on schedule for substantial completion of three liquefaction trains from late 2027 to late 2028/early 2029.

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9 May 2024 17:33

Europe Gasoline/Naphtha-Gasoline cracks slip on weaker export demand

LONDON, May 9 (Reuters) - Northwest European gasoline refining margins dropped to about $21.40 a barrel on Thursday in thin trading activity and as export opportunities dwindled.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $915
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $878.25 $855 Sahara Gunvor
Barges (one
Argus barge)
E5(fob
AR)
Ebob Assesse
Barges d
E10 Argus at$867.
(fob AR) 50
June swap $855.50 $847
(fob ARA)
Premium $871-$8 $865-$8 Vitol Shell
Unleaded 74 67
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes $914
(cif NEW) (Tees)
Naphtha May +$4
(cif NWE)
<NAF-C-NW
E>

Ebob crack (per barrel) $20.44 Prev. $21.87
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar;Editing by Elaine Hardcastle)

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9 May 2024 15:51

UK dividends calendar - next 7 days

Friday 10 May 
AIB Group PLCdividend payment date
Alpha Group International PLCdividend payment date
Antofagasta PLCdividend payment date
Hammerson PLCdividend payment date
Hunting PLCdividend payment date
International Personal Finance PLCdividend payment date
Invesco Select Trust Global Equity Income PLCdividend payment date
Invesco Select Trust UK Equity PLCdividend payment date
Johnson Service Group PLCdividend payment date
Kerry Group PLCdividend payment date
Moneysupermarket.com Group PLCdividend payment date
Schroder Asian Total Return Inv Co PLCdividend payment date
Schroder European Real Estate Investments Trust PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
Serco Group PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Somero Enterprises Incspecial dividend payment date
Taylor Wimpey PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Monday 13 May 
Games Workshop Group PLCdividend payment date
Life Science REIT PLCdividend payment date
Seed Innovations Ltdspecial dividend payment date
Smiths Group PLCdividend payment date
VinaCapital Vietnam Opportunity Fund Ltddividend payment date
Tuesday 14 May 
BlackRock World Mining Trust PLCdividend payment date
Fidelity European Trust PLCdividend payment date
InterContinental Hotels Group PLCdividend payment date
Mondi PLCdividend payment date
OSB Group PLCdividend payment date
Rathbones Group PLCdividend payment date
Uniphar PLCdividend payment date
Wednesday 15 May 
Capital Ltddividend payment date
Grit Real Estate Income Group Ltddividend payment date
Jardine Matheson Holdings Ltddividend payment date
Just Group PLCdividend payment date
Rentokil Initial PLCdividend payment date
Thursday 16 May 
abrdn Property Income Trust Ltdex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
Aquila European Renewables PLCex-dividend payment date
Balfour Beatty PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
BP PLCex-dividend payment date
Bunzl PLCex-dividend payment date
Churchill China PLCex-dividend payment date
EJF Investments Ltdex-dividend payment date
Essentra PLCex-dividend payment date
Fevertree Drinks PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
GSK PLCex-dividend payment date
Haleon PLCdividend payment date
Henderson Opportunities Trust PLCex-dividend payment date
Income & Growth VCT PLCex-dividend payment date
Irish Continental Group PLCex-dividend payment date
James Halstead PLCex-dividend payment date
Jarvis Securities PLCex-dividend payment date
Kingfisher PLCex-dividend payment date
M Winkworth PLCdividend payment date
Majedie Investments PLCex-dividend payment date
Manx Financial Group PLCex-dividend payment date
Mercantile Investment Trust PLCdividend payment date
Morgan Sindall Group PLCdividend payment date
Murray Income Trust PLCex-dividend payment date
Ocean Wilsons Holdings Ltdex-dividend payment date
Octopus Renewables Infrastructure Trust PLCex-dividend payment date
PageGroup PLCex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
Princess Private Equity Holding Ltdex-dividend payment date
Property Franchise Group PLCex-dividend payment date
Prudential PLCdividend payment date
RHI Magnesita NVex-dividend payment date
Shell PLCex-dividend payment date
Spectris PLCex-dividend payment date
Supermarket Income REIT PLCdividend payment date
Target Healthcare REIT PLCex-dividend payment date
TClarke PLCex-dividend payment date
Tesco PLCex-dividend payment date
TwentyFour Select Monthly Income Fund Ltdex-dividend payment date
Unilever PLCex-dividend payment date
Vaalco Energy Incex-dividend payment date
Vector Capital PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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