Royal Dutch Shell Plc (RDSA.L) Announced the company's strategy to set out a compelling financial outlook to 2025 and building on a strong foundation that will enable it to thrive through the transition to a lower-carbon energy system. By the end of next year, it plans to complete its $25 billion share buyback programme (subject to further progress with debt reduction and oil price conditions) in combination with reaching a gearing level of 25% (20% pre-IFRS16) and delivering $28-33 billion of organic free cash flow ($25-30 billion pre-IFRS16) at $60 per barrel (real terms, 2016). Looking further ahead to 2025, van Beurden set out a robust financial outlook that included the potential to make distributions to shareholders of $125 billion or more in the form of dividends and share buybacks in the period of 2021-2025.
In a first for the industry, Royal Dutch Shell (RDSB) has responded to investor pressure by agreeing to link its executives' remuneration to short-term targets for carbon emissions reductions. Chief executive Ben van Beurden told the Financial Times that by setting targets, the Anglo-Dutch group will be “systematically driving down our carbon footprint over time”. Under review.
Royal Dutch Shell Plc (RDSB.L) Announced, in its 3Q18 results, that its total revenue stood at $100.15 billion, compared to $75.83 billion in the preceding year. Profit after tax was $6.04 billion compared to $4.21 billion. The company's diluted earnings per share was $0.70, compared to $0.49. The Board of Royal Dutch Shell Plc announced an interim dividend in respect of the third quarter of 2018 of $0.47 per A ordinary share and B ordinary share, equal to the US dollar dividend for the same quarter last year. The company also announced the commencement of trading in the second tranche of its share buyback programme previously announced on July 26, 2018. The company's intention is to buy back at least $25.00 billion of its shares by the end of 2020, subject to further progress with debt reduction and oil price conditions.
Like BP before it, oil and gas major Royal Dutch Shell (RDSB) has revealed the impact strong prices had on cash generation in the third quarter of 2018, as operating cash flow surged 59 per cent to $12.1bn, despite a $2.6bn negative working capital movement in the period. That was enough to cover the cash dividend, interest payments, share buybacks, and a further reduction in net debt. Having completed the first tranche of its $25bn share buy-back programme, Shell will purchase a further $2.5bn of shares by January, while the quarterly dividend remains unchanged at 47� a share. The shares, up 3 per cent this morning, are under review.
Royal Dutch Shell (RDSB) has had a bit more success in its disposal programme than its supermajor peer. Yesterday, the Anglo-Dutch group confirmed the sale of its upstream interests in Denmark to Norwegian firm Noreco, for a headline consideration of $1.9bn. Adjusting for the effective date of the transaction (1 January 2017), Shell will actually pocket $1.1-1.3bn, though shareholders will likely welcome the transfer of $1.1bn of decommissioning liabilities. Both Panmure Gordon and RBC now reckon Shell has surpassed its $30bn divestment programme. Under review.
Royal Dutch Shell has approved a decision to invest in a major liquefied natural gas (LNG) project in British Columbia, Canada where the company has a 40% interest. The Anglo-Dutch oil company’s share of the cost is between $25bn to $30bn a year. Chief Executive Officer Ben van Beurden said supplying natural gas will be “critical” as the world transitions to a lower carbon energy system. Gobal LNG demand is expected to double by 2035 compared with today. ``LNG Canada is expected to deliver Shell an integrated internal rate of return of some 13%, while the cash flow it generates is expected to be significant, long life and resilient,” the CEO said.
Royal Dutch Shell Plc (RDSB.L) Announced that it has taken a final investment decision (FID) on LNG Canada, a major liquified natural gas (LNG) project in Kitimat, British Columbia, Canada, in which the company has a 40.0% working interest. With LNG Canada's joint venture participants also having taken FID, construction will start immediately with first LNG expected before the middle of the next decade.
Shell International Finance B.V. and Royal Dutch Shell plc. The following documents are available for viewing:. Prospectus Supplement dated 19 September 2018.
And so begins the era of ex-growth. Today, as previously flagged, Royal Dutch Shell (RDSB) kicks off an initial $2bn share buyback programme to October, part of a $25bn repurchase scheme by the end of 2020. Predictably, the programme is being billed as confidence in the balance sheet (as opposed to uncertainty about future investment options), though gearing looks stubbornly high at 23.6 per cent. Working capital also weighed on free cash flow, and the shares are off 2 per cent this morning. Income buy.
And so begins the era of ex-growth. Today, as previously flagged, Royal Dutch Shell (RDSB) kicks off an initial $2bn share buyback programme to October, part of a $25bn repurchase scheme by the end of 2020. Predictably, the programme is being billed as confidence in the balance sheet (as opposed to uncertainty about future investment options), though gearing looks stubbornly high at 23.6 per cent. Working capital also weighed on free cash flow, and the shares are off 2 per cent this morning. Income buy.
Oil group Royal Dutch Shell has reported second-quarter income before tax of $9.6bn, compared to $2.5bn in the same period of last year. Second quarter revenues increased from $72.1bn to $96.8bn and the company also announced that it is to start a $25bn share buyback programme. Earnings before exceptional items on the industry’s preferred current cost of supplies basis increased by 30% to $4.69bn.
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Company Profile

Royal Dutch and Shell Transport completed their formal unification under a single new parent company Royal Dutch Shell in July 2005. Shell's primary listing is in London and its headquarters is in The Hague The group operates in more than 140 countries and territories, employing more than 100,000 people.

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