Royal Dutch Shell - Back to the Future (Seite 859)
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Antwort auf Beitrag Nr.: 53.679.750 von 1435905 am 12.11.16 12:07:51Der scrip reference price beträgt USD 24,75 gemäß Mitteilung auf der Shell-Homepage.....
Shell pumpt Milliarden nach Brasilien
Der Ölkonzern Shell will auch in den kommenden Jahren umfangreich in Brasilien investieren. Die Mittel sollen dazu beitragen, die Gewinnung auf Tiefseevorkommen bis zu Beginn der 2020er Jahre zu verdoppeln.In den nächsten fünf Jahren wolle Shell 10 Milliarden US-Dollar in Brasilien investieren, sagte Wael Sawan, im Konzern mitverantwortlich für die Förderung von Tiefseevorkommen. Bisher seien bereits mehr als 30 Milliarden Dollar in das Land geflossen, in dem Shell 5.500 Tankstellen betreibt. Durch die Übernahme der BG Group war Shell in diesem Jahr auch in den Besitz einiger Öl- und Gas-Aktiva in Brasilien gekommen.
Ausländische Ölfirmen finden wieder Gefallen an Brasilien, nachdem Präsidentin Dilma Rousseff des Amtes enthoben worden ist. Die neue Regierung stehe Investoren freundlicher gegenüber, heißt es allgemein.
Quelle: Dow Jones Newswires vom 10. November 2016
http://seekingalpha.com/article/4020547-royal-dutch-shell-bg…
Zeigt klar,wie wertvoll BG -Übernahme für Shell ist,daß sich dies allerdings so rasch in den Zahlen zeigt,überrascht auch mich.
Zu meinem Vorschreiber;also ehrlich konsumieren und kritisieren,ohne selber was beizutragen,an was
erinnert Dich das?
Wenn Du allerdings dem thread gefolgt bist,hättest auch Du erkennen können,daß es bei all dem "Spam" um die strittige Frage geht,ist Shell trotz oder gerade wegen des BG Deals ein Topinvestment.
Ich denke,dies dürfte jetzt,auch im Vergleich der Mitwerber, deutlichst entschieden sein.
Was bedeutet das praktisch in der heutigen Niedrigzinsphase,denn darum geht es letztendlich.
Wer heute bsp. 100000 Euro investiert,dessen Geld hat sich in ca. 6 Jahren allein dirch die Dividendenrendite bei Reinvestment verdoppelt,denke das einfach mal 30 Jahre weiter
Zeigt klar,wie wertvoll BG -Übernahme für Shell ist,daß sich dies allerdings so rasch in den Zahlen zeigt,überrascht auch mich.
Zu meinem Vorschreiber;also ehrlich konsumieren und kritisieren,ohne selber was beizutragen,an was
erinnert Dich das?
Wenn Du allerdings dem thread gefolgt bist,hättest auch Du erkennen können,daß es bei all dem "Spam" um die strittige Frage geht,ist Shell trotz oder gerade wegen des BG Deals ein Topinvestment.
Ich denke,dies dürfte jetzt,auch im Vergleich der Mitwerber, deutlichst entschieden sein.
Was bedeutet das praktisch in der heutigen Niedrigzinsphase,denn darum geht es letztendlich.
Wer heute bsp. 100000 Euro investiert,dessen Geld hat sich in ca. 6 Jahren allein dirch die Dividendenrendite bei Reinvestment verdoppelt,denke das einfach mal 30 Jahre weiter
Dieser ehemals gute Thread verkommt immer mehr zu einem "Spam-Thread"!
Shipping to become ‘major new sector’ for LNG: Shell
in International Shipping News 03/11/2016
Demand for LNG as a ship fuel has emerged as a much needed new source of growth in the oversupplied market, with oil giant Royal Dutch Shell giving a bullish assessment of the impact of tighter international rules on maritime emissions.
Shell’s head of integrated gas Maarten Wetselaar told investors in London that between shipping and trucking, the transport sector had become “a major new sector” for the LNG market.
The shipping market and the heavy trucking market together represent about 750 million tonnes of potential LNG demand, about three times the current global LNG supply, Mr Wetselaar said. He signalled that last week’s announcement of new rules on emissions from shipping had made Shell more positive on demand from the sector, noting it was an area where the competition was oil rather than cheap coal.
“These sectors have good affordability,” he said. “The alternative is oil, and that’s a price link that we like competing with in the gas side.”
By 2025, 35 million-60 million tonnes of LNG a year could be going into transport, rising potentially past 100 million tonnes by 2030, Mr Wetselaar said. Woodside Petroleum has also identified transportation as a new market and has invested in LNG fuelling infrastructure at Dampier in Western Australia.
Shell’s $US52 billion takeover of BG Group meant the oil major overtook home-grown Woodside Petroleum as Australia’s biggest LNG producer, with capacity in Queensland as well as at the North West Shelf venture in Western Australia. It is also a 25 per cent partner in Chevron’s monster Gorgon LNG project ramping up production, while its Prelude floating project is expected to start up in late 2017 or 2018.
The LNG market is wallowing in a glut, thanks to the several new plants starting up in Australia, with about 12 million tonnes of additional supplies so far this year, chief financial officer Simon Henry said.
But Shell is seeing “healthy growth” in demand, with the Middle East particularly strong, and India and China each increasing imports by about 4 million tonnes so far in 2016, Mr Henry said.
Driving demand as a shipping fuel was last week’s ruling by the International Maritime Organisation that strict new caps on sulphur in fuel oil would come into effect worldwide on January 1, 2020. The cap, which is falling from 3.5 per cent to 0.5 per cent, is expected to force some shipowners to switch to gas given the costs of alternatives such as installing “scrubbers” to clean up emissions.
In total, LNG demand could increase to 420-450 million tonnes a year by 2025, up from about 250 million now, Shell said.
Mr Wetselaar described progress on the Prelude project as “solid”, with the major construction work on the vessel at the shipyard in Korea having been completed.
“We’re into starting commissioning, handing over to operations and working things up,” he said, reiterating Shell’s expectation that Prelude would contribute “substantial cash flow” starting in 2018.
Mr Henry meanwhile flagged significant activity is under way behind the scenes on divestments as Shell targets $US30 billion of asset sales. He said Shell has 16 separate asset sale transactions of more than $US500 million in progress, of which only six are in the public domain, including the New Zealand business.
Shell reclassified its remaining $3 billion stake in Woodside Petroleum as an “asset for sale” earlier this year, apparently signalling a firmer intention to complete its exit from the share register sooner rather than later.
Source: AFR (Australian Financial Review)
Previous: Indonesia, Singapore discuss shipping security at Malacca Strait
Next: Eimskip signs an agreement to acquire the shipping and logistics company Nor Lines
Related News
CMA_CGM_logo
The CMA CGM Group powers the new OCEAN ALLIANCE
http://www.hellenicshippingnews.com/shipping-to-become-major…" target="_blank" rel="nofollow ugc noopener">http://www.hellenicshippingnews.com/shipping-to-become-major…
in International Shipping News 03/11/2016
Demand for LNG as a ship fuel has emerged as a much needed new source of growth in the oversupplied market, with oil giant Royal Dutch Shell giving a bullish assessment of the impact of tighter international rules on maritime emissions.
Shell’s head of integrated gas Maarten Wetselaar told investors in London that between shipping and trucking, the transport sector had become “a major new sector” for the LNG market.
The shipping market and the heavy trucking market together represent about 750 million tonnes of potential LNG demand, about three times the current global LNG supply, Mr Wetselaar said. He signalled that last week’s announcement of new rules on emissions from shipping had made Shell more positive on demand from the sector, noting it was an area where the competition was oil rather than cheap coal.
“These sectors have good affordability,” he said. “The alternative is oil, and that’s a price link that we like competing with in the gas side.”
By 2025, 35 million-60 million tonnes of LNG a year could be going into transport, rising potentially past 100 million tonnes by 2030, Mr Wetselaar said. Woodside Petroleum has also identified transportation as a new market and has invested in LNG fuelling infrastructure at Dampier in Western Australia.
Shell’s $US52 billion takeover of BG Group meant the oil major overtook home-grown Woodside Petroleum as Australia’s biggest LNG producer, with capacity in Queensland as well as at the North West Shelf venture in Western Australia. It is also a 25 per cent partner in Chevron’s monster Gorgon LNG project ramping up production, while its Prelude floating project is expected to start up in late 2017 or 2018.
The LNG market is wallowing in a glut, thanks to the several new plants starting up in Australia, with about 12 million tonnes of additional supplies so far this year, chief financial officer Simon Henry said.
But Shell is seeing “healthy growth” in demand, with the Middle East particularly strong, and India and China each increasing imports by about 4 million tonnes so far in 2016, Mr Henry said.
Driving demand as a shipping fuel was last week’s ruling by the International Maritime Organisation that strict new caps on sulphur in fuel oil would come into effect worldwide on January 1, 2020. The cap, which is falling from 3.5 per cent to 0.5 per cent, is expected to force some shipowners to switch to gas given the costs of alternatives such as installing “scrubbers” to clean up emissions.
In total, LNG demand could increase to 420-450 million tonnes a year by 2025, up from about 250 million now, Shell said.
Mr Wetselaar described progress on the Prelude project as “solid”, with the major construction work on the vessel at the shipyard in Korea having been completed.
“We’re into starting commissioning, handing over to operations and working things up,” he said, reiterating Shell’s expectation that Prelude would contribute “substantial cash flow” starting in 2018.
Mr Henry meanwhile flagged significant activity is under way behind the scenes on divestments as Shell targets $US30 billion of asset sales. He said Shell has 16 separate asset sale transactions of more than $US500 million in progress, of which only six are in the public domain, including the New Zealand business.
Shell reclassified its remaining $3 billion stake in Woodside Petroleum as an “asset for sale” earlier this year, apparently signalling a firmer intention to complete its exit from the share register sooner rather than later.
Source: AFR (Australian Financial Review)
Previous: Indonesia, Singapore discuss shipping security at Malacca Strait
Next: Eimskip signs an agreement to acquire the shipping and logistics company Nor Lines
Related News
CMA_CGM_logo
The CMA CGM Group powers the new OCEAN ALLIANCE
http://www.hellenicshippingnews.com/shipping-to-become-major…" target="_blank" rel="nofollow ugc noopener">http://www.hellenicshippingnews.com/shipping-to-become-major…
Trading Spotlight
Shell’s record deal begins to pay off
November 2 2016 at 09:12am
By Rakteem Katakey
IOL pic nov2 shell logo against sky REUTERS Shell logos are seen at a petrol station in Turkey's western Canakkale province. File picture: Murad Sezer
London - Royal Dutch Shell’s biggest takeover, the subject of intense investor scrutiny during crude’s collapse, is starting to pay off as Europe’s largest oil company chalks up its highest profit in five quarters.
The cash now generated by BG Group - acquired by Shell for $54 billion in February - outstrips its spending, while production has risen by about a third in two years, Shell Chief Financial Officer Simon Henry said on Tuesday. The integration of its assets has been completed “well ahead of time”, he said.
Shell Chief Executive Officer Ben Van Beurden, who’s faced criticism that he overpaid for the oil and gas producer, has vowed to boost savings from the deal and use higher cash flows to safeguard the dividend. While Shell built up record debts of almost $78 billion following the acquisition, its third-quarter results show that higher production, deeper cost cuts and tighter spending are boosting the bottom line.
“Investors can finally see what the new Shell can do,” said Oswald Clint, a London-based analyst at Sanford C. Bernstein & Company. “The BG acquisition is finally delivering.”
The Anglo-Dutch energy giant said profit adjusted for one-time items and inventory changes rose 17 percent from a year earlier to $2.79 billion, exceeding the $1.79 billion average analyst estimate. Cash flow from operations, a key measure of financial strength, surged to $8.5 billion, more than triple the second-quarter figure.
BP, Total SA, Exxon Mobil and Chevron also beat earnings estimates, showing that Big Oil is managing to adapt to low energy prices after two years of painful cost-cutting.
Deal scrutiny
Crude’s collapse began in mid-2014, and by early April 2015 - when Shell announced its acquisition of BG - it was down more than 40 percent. As prices sank below $30 in early 2016, many were questioning the rationale behind the deal.
Shareholder Standard Life Investments said the plan was “value destructive” and it would vote against it. When the acquisition was announced, Carmignac Gestion SA fund manager Michael Hulme said that making a success of it would “require a more-than-healthy degree of optimism”.
In response, Van Beurden cut spending further, promised higher returns and said Shell would generate cash at lower oil prices. On Tuesday, the company said capital investment in 2017 would be at the bottom of its $25 billion to $30 billion guidance, down from $29 billion this year.
Not all of Shell’s competitors reported such rosy results. Although BP and Exxon both beat estimates, earnings fell by 49 percent and 38 percent, respectively.
The oil majors have renegotiated contracts, cut spending by billions of dollars, eliminated hundreds of thousands of jobs and sold assets to weather the market rout. While crude has increased more than 30 percent this year toward $50 a barrel, low prices continue to be a “significant challenge,” Van Beurden said.
Break even
Shell can manage “reasonably well” with oil at $50 in the next 12 months, CFO Henry said on a conference call. The company hasn’t said what price it needs to balance spending and dividends with cash from operations and asset sales, though Henry said it could break even next year even without proceeds from divestments. BP said Tuesday it can balance the books at $50 to $55 next year.
Shell’s oil and gas production totalled 3.6 million barrels of oil equivalent a day in the third quarter, up 25 percent from a year earlier. BG pumped about 600 000 barrels a day in 2014, the level of output at which it was valued, and has ramped up to an average of about 800 000 barrels a day this year, Henry said.
“We are now seeing the benefit of the acquisition on the bottom line,” he said. “In the future all we have to do is deliver it.”
BLOOMBERG
http://classic.iol.co.za/business/international/shell-s-reco…
November 2 2016 at 09:12am
By Rakteem Katakey
IOL pic nov2 shell logo against sky REUTERS Shell logos are seen at a petrol station in Turkey's western Canakkale province. File picture: Murad Sezer
London - Royal Dutch Shell’s biggest takeover, the subject of intense investor scrutiny during crude’s collapse, is starting to pay off as Europe’s largest oil company chalks up its highest profit in five quarters.
The cash now generated by BG Group - acquired by Shell for $54 billion in February - outstrips its spending, while production has risen by about a third in two years, Shell Chief Financial Officer Simon Henry said on Tuesday. The integration of its assets has been completed “well ahead of time”, he said.
Shell Chief Executive Officer Ben Van Beurden, who’s faced criticism that he overpaid for the oil and gas producer, has vowed to boost savings from the deal and use higher cash flows to safeguard the dividend. While Shell built up record debts of almost $78 billion following the acquisition, its third-quarter results show that higher production, deeper cost cuts and tighter spending are boosting the bottom line.
“Investors can finally see what the new Shell can do,” said Oswald Clint, a London-based analyst at Sanford C. Bernstein & Company. “The BG acquisition is finally delivering.”
The Anglo-Dutch energy giant said profit adjusted for one-time items and inventory changes rose 17 percent from a year earlier to $2.79 billion, exceeding the $1.79 billion average analyst estimate. Cash flow from operations, a key measure of financial strength, surged to $8.5 billion, more than triple the second-quarter figure.
BP, Total SA, Exxon Mobil and Chevron also beat earnings estimates, showing that Big Oil is managing to adapt to low energy prices after two years of painful cost-cutting.
Deal scrutiny
Crude’s collapse began in mid-2014, and by early April 2015 - when Shell announced its acquisition of BG - it was down more than 40 percent. As prices sank below $30 in early 2016, many were questioning the rationale behind the deal.
Shareholder Standard Life Investments said the plan was “value destructive” and it would vote against it. When the acquisition was announced, Carmignac Gestion SA fund manager Michael Hulme said that making a success of it would “require a more-than-healthy degree of optimism”.
In response, Van Beurden cut spending further, promised higher returns and said Shell would generate cash at lower oil prices. On Tuesday, the company said capital investment in 2017 would be at the bottom of its $25 billion to $30 billion guidance, down from $29 billion this year.
Not all of Shell’s competitors reported such rosy results. Although BP and Exxon both beat estimates, earnings fell by 49 percent and 38 percent, respectively.
The oil majors have renegotiated contracts, cut spending by billions of dollars, eliminated hundreds of thousands of jobs and sold assets to weather the market rout. While crude has increased more than 30 percent this year toward $50 a barrel, low prices continue to be a “significant challenge,” Van Beurden said.
Break even
Shell can manage “reasonably well” with oil at $50 in the next 12 months, CFO Henry said on a conference call. The company hasn’t said what price it needs to balance spending and dividends with cash from operations and asset sales, though Henry said it could break even next year even without proceeds from divestments. BP said Tuesday it can balance the books at $50 to $55 next year.
Shell’s oil and gas production totalled 3.6 million barrels of oil equivalent a day in the third quarter, up 25 percent from a year earlier. BG pumped about 600 000 barrels a day in 2014, the level of output at which it was valued, and has ramped up to an average of about 800 000 barrels a day this year, Henry said.
“We are now seeing the benefit of the acquisition on the bottom line,” he said. “In the future all we have to do is deliver it.”
BLOOMBERG
http://classic.iol.co.za/business/international/shell-s-reco…
BP und Shell
Sparen, sparen, sparen
von Andreas Hippin, London 1.11.2016, 19:45 Uhr
BP und Shell haben im dritten Quartal besser abgeschnitten als erwartet. Anleger gehen allerdings davon aus, dass Shell nach der Übernahme von BG die besseren Karten hat.
«Wir machen weiter Fortschritte dabei, uns an das schwierige Preis- und Margenumfeld anzupassen», sagte BP-Finanzchef Brian Gilvary. Die Ölkonzerne BP und Royal Dutch Shell schmerzt zwar der tiefe Erdölpreis. Doch sie scheinen sich damit immer besser zu arrangieren. Während Shell von der Übernahme der BG Group profitierte, die für einen rasanten Anstieg der Produktion sorgte, wurden die Zahlen von BP von hohen Abschreibungen in der Exploration belastet. Der Gewinnbeitrag der Beteiligung an Rosneft schmolz dahin.
Niedriger Erdölpreis
Der grosse Preisanstieg am Erdölmarkt bleibt weiter aus. Ein Barrel (159 Liter) der Sorte Brent kostete im dritten Quartal im Schnitt 46,99 $. Ein Jahr zuvor waren es noch 51,30 $. Begonnen hatte die Talfahrt des Ölpreises im Sommer 2014. Damals lagen die Notierungen noch bei über 100 $. Seitdem streichen die grossen Energiekonzerne Stellen, kürzen Investitionspläne und verkaufen Randgeschäfte.
Der am Markt vielbeachtete bereinigte Gewinn zu Ersatzbeschaffungskosten von BP halbierte sich im Vorjahresvergleich nahezu – auf 933 Mio. $. Die von Bloomberg befragten Analytiker hatten im Schnitt lediglich mit 719 Mio. $ gerechnet. Bei Shell stieg er dagegen um rund ein Fünftel auf 2,79 Mrd. $. Analytiker hatten 1,79 Mrd. $ auf der Rechnung. Der Branchenprimus ExxonMobil und der US-Rivale Chevron hatten rund zwei Fünftel weniger als im Vergleichszeitraum verdient. Die französische Total wies einen um ein Viertel niedrigeren Gewinn aus.
BP und Shell wollen ihre Investitionen weiter zurückfahren. Shell will im kommenden Jahr am unteren Ende der bisher genannten Spanne von 25 Mrd. bis 30 Mrd. $ bleiben. BP kündigte an, im laufenden Jahr nur 16 Mrd. statt der bisher genannten 17 Mrd. $ zu investieren. Die Analytiker der UBS werteten dies als Hinweis darauf, dass bei Bekanntgabe der Jahresergebnisse die für 2017 angesetzte Spanne von 15 Mrd. bis 17 Mrd. Dollar gesenkt werden könnte.
Aktien von Shell legten in London um 3,8% zu. Die BP-Papiere verloren dagegen 4,5%. Es gebe Hinweise darauf, dass die Anleger aus BP-Aktien in Shell-Papiere wechselten, die in den vergangenen Wochen besser gelaufen seien, hiess es am Markt. Zudem sehe die Beteiligung von BP an Rosneft mit Blick auf die angespannten Beziehungen zwischen Russland und dem Westen ein bisschen wie ein Non-Performing Asset aus, erklärte ein Analytiker. Seit dem Verkauf ihres TNK-BP-Anteils an den russischen Rivalen ist BP Rosneft-Grossaktionär. Die Beteiligung steuerte mit 120 Mio. $ gerade einmal die Hälfte dessen zum bereinigten Gewinn vor Ersatzbeschaffungskosten bei, was Analytiker auf der Rechnung hatten.
BG-Integration auf gutem Weg
Die Integration von Shell und BG ist im Wesentlichen erledigt und wurde weit vor Plan abgeschlossen, sagte Shell-CEO Ben van Beurden. Das Unternehmen stieg dadurch zum führenden Anbieter von Flüssiggas auf. Die Öl- und Gasproduktion lag mit 3,6 Mio. Barrel Öläquivalenten pro Tag um ein Viertel höher als ein Jahr zuvor. BG steuerte dazu 806 000 Barrel bei. Der frei verfügbare Cashflow des geschluckten Rivalen dürfte zudem dafür sorgen, dass eine Dividendenkürzung bei Shell so schnell nicht auf der Tagesordnung steht. Laut van Beurden liegen die bereinigten operativen Kosten des fusionierten Unternehmens 2016 bei 40 Mrd. $ – 9 Mrd. $ weniger als vor der Fusion 2014.
http://www.nzz.ch/wirtschaft/bp-und-shell-sparen-sparen-spar…
Sparen, sparen, sparen
von Andreas Hippin, London 1.11.2016, 19:45 Uhr
BP und Shell haben im dritten Quartal besser abgeschnitten als erwartet. Anleger gehen allerdings davon aus, dass Shell nach der Übernahme von BG die besseren Karten hat.
«Wir machen weiter Fortschritte dabei, uns an das schwierige Preis- und Margenumfeld anzupassen», sagte BP-Finanzchef Brian Gilvary. Die Ölkonzerne BP und Royal Dutch Shell schmerzt zwar der tiefe Erdölpreis. Doch sie scheinen sich damit immer besser zu arrangieren. Während Shell von der Übernahme der BG Group profitierte, die für einen rasanten Anstieg der Produktion sorgte, wurden die Zahlen von BP von hohen Abschreibungen in der Exploration belastet. Der Gewinnbeitrag der Beteiligung an Rosneft schmolz dahin.
Niedriger Erdölpreis
Der grosse Preisanstieg am Erdölmarkt bleibt weiter aus. Ein Barrel (159 Liter) der Sorte Brent kostete im dritten Quartal im Schnitt 46,99 $. Ein Jahr zuvor waren es noch 51,30 $. Begonnen hatte die Talfahrt des Ölpreises im Sommer 2014. Damals lagen die Notierungen noch bei über 100 $. Seitdem streichen die grossen Energiekonzerne Stellen, kürzen Investitionspläne und verkaufen Randgeschäfte.
Der am Markt vielbeachtete bereinigte Gewinn zu Ersatzbeschaffungskosten von BP halbierte sich im Vorjahresvergleich nahezu – auf 933 Mio. $. Die von Bloomberg befragten Analytiker hatten im Schnitt lediglich mit 719 Mio. $ gerechnet. Bei Shell stieg er dagegen um rund ein Fünftel auf 2,79 Mrd. $. Analytiker hatten 1,79 Mrd. $ auf der Rechnung. Der Branchenprimus ExxonMobil und der US-Rivale Chevron hatten rund zwei Fünftel weniger als im Vergleichszeitraum verdient. Die französische Total wies einen um ein Viertel niedrigeren Gewinn aus.
BP und Shell wollen ihre Investitionen weiter zurückfahren. Shell will im kommenden Jahr am unteren Ende der bisher genannten Spanne von 25 Mrd. bis 30 Mrd. $ bleiben. BP kündigte an, im laufenden Jahr nur 16 Mrd. statt der bisher genannten 17 Mrd. $ zu investieren. Die Analytiker der UBS werteten dies als Hinweis darauf, dass bei Bekanntgabe der Jahresergebnisse die für 2017 angesetzte Spanne von 15 Mrd. bis 17 Mrd. Dollar gesenkt werden könnte.
Aktien von Shell legten in London um 3,8% zu. Die BP-Papiere verloren dagegen 4,5%. Es gebe Hinweise darauf, dass die Anleger aus BP-Aktien in Shell-Papiere wechselten, die in den vergangenen Wochen besser gelaufen seien, hiess es am Markt. Zudem sehe die Beteiligung von BP an Rosneft mit Blick auf die angespannten Beziehungen zwischen Russland und dem Westen ein bisschen wie ein Non-Performing Asset aus, erklärte ein Analytiker. Seit dem Verkauf ihres TNK-BP-Anteils an den russischen Rivalen ist BP Rosneft-Grossaktionär. Die Beteiligung steuerte mit 120 Mio. $ gerade einmal die Hälfte dessen zum bereinigten Gewinn vor Ersatzbeschaffungskosten bei, was Analytiker auf der Rechnung hatten.
BG-Integration auf gutem Weg
Die Integration von Shell und BG ist im Wesentlichen erledigt und wurde weit vor Plan abgeschlossen, sagte Shell-CEO Ben van Beurden. Das Unternehmen stieg dadurch zum führenden Anbieter von Flüssiggas auf. Die Öl- und Gasproduktion lag mit 3,6 Mio. Barrel Öläquivalenten pro Tag um ein Viertel höher als ein Jahr zuvor. BG steuerte dazu 806 000 Barrel bei. Der frei verfügbare Cashflow des geschluckten Rivalen dürfte zudem dafür sorgen, dass eine Dividendenkürzung bei Shell so schnell nicht auf der Tagesordnung steht. Laut van Beurden liegen die bereinigten operativen Kosten des fusionierten Unternehmens 2016 bei 40 Mrd. $ – 9 Mrd. $ weniger als vor der Fusion 2014.
http://www.nzz.ch/wirtschaft/bp-und-shell-sparen-sparen-spar…
Antwort auf Beitrag Nr.: 53.436.138 von TME90 am 08.10.16 17:09:24"Öl und Gas sind Commodities. Hier geht es nicht um Market Share, sondern um Wertschöpfung. Volumenstrategien sind hier niemals aktionärsfreundlich. Premiums zahlen lohnt nur dann, wenn die Synergien es reinholen. Ob das geschehen wird? bei 50 % Premium bin ich da sehr skeptisch. bei 10-20? Vielleicht. Bei 50 sehe ich bessere strategische Alternativen, nämlich von gestressten Unernehemen Assets abzukaufen, die zum Abschlag verkauft werden, weil die Unternehmen Cash benötigt. 2 junge Beispiele habe ich genannt, die klar Wert schaffen. 50 % Aufschlag sind brutal viel. Dafür verlieren die Aktionäre Anteile an Shell selbst (prozentual -> verwässerung durch Kapitalerhöhung). Strategisch interessant für jetzige Käufer, wertorientiert für Bestandsaktionäre meiner Meinung nach klar wertvernichtend aus Opportunitätsüberlegungen heraus. Alternativen: Nicht-Verwässerung, einzelne Assets kaufen, eigene Aktien zurückkaufen."
Royal Dutch Shell - Back to the Future | wallstreet-online.de - Vollständige Diskussion unter:
http://www.wallstreet-online.de/diskussion/1145229-1641-1650…
Immer noch skeptisch?
Royal Dutch Shell - Back to the Future | wallstreet-online.de - Vollständige Diskussion unter:
http://www.wallstreet-online.de/diskussion/1145229-1641-1650…
Immer noch skeptisch?
Shell erhöht Gewinn dank höherer Produktion und Kostensenkungen
Sarah Kent
LONDON (Dow Jones) - Shell hat im dritten Quartal mehr verdient und die Markterwartungen übertroffen. Der Ölkonzern profitierte von Kostensenkungen und einer höherer Förderung im Zuge der Übernahme des Gasproduzenten BG. Allerdings warnte die Royal Dutch Shell plc auch vor den Auswirkungen der weiter niedrigen Ölpreise.
In den drei Monaten erzielte das Unternehmen einen Gewinn zu Wiederbeschaffungskosten -- eine in der Ölindustrie gebräuchliche Größe, um die großen Preisschwankungen beim Ölpreis zu berücksichtigen -- von 1,4 Milliarden US-Dollar. Im Vorjahr hatte Shell noch einen Verlust von 6,1 Milliarden Dollar ausgewiesen. Zugleich stieg der von Analysten stark beachtete bereinigte Gewinn von 2,4 Milliarden auf 2,8 Milliarden Dollar. Die Analystenschätzung lag hier nur bei 1,8 Milliarden Dollar.
Trotz des höher als erwartet ausgefallenen Gewinns zeigte sich der Konzern am Dienstag zurückhaltend. Die im Vergleich zu früheren Zeiten geringeren Ölpreise seien nach wie vor eine erhebliche Herausforderung, erklärte Shell. Der Ausblick bleibe unsicher, so Shell-CEO Ben van Beurden.
Kontakt zum Autor: unternehmen.de@dowjones.com
DJG/DJN/kla/cln
Copyright (c) 2016 Dow Jones & Company, Inc. / Quelle: Guidants News http://news.guidants.com
Sarah Kent
LONDON (Dow Jones) - Shell hat im dritten Quartal mehr verdient und die Markterwartungen übertroffen. Der Ölkonzern profitierte von Kostensenkungen und einer höherer Förderung im Zuge der Übernahme des Gasproduzenten BG. Allerdings warnte die Royal Dutch Shell plc auch vor den Auswirkungen der weiter niedrigen Ölpreise.
In den drei Monaten erzielte das Unternehmen einen Gewinn zu Wiederbeschaffungskosten -- eine in der Ölindustrie gebräuchliche Größe, um die großen Preisschwankungen beim Ölpreis zu berücksichtigen -- von 1,4 Milliarden US-Dollar. Im Vorjahr hatte Shell noch einen Verlust von 6,1 Milliarden Dollar ausgewiesen. Zugleich stieg der von Analysten stark beachtete bereinigte Gewinn von 2,4 Milliarden auf 2,8 Milliarden Dollar. Die Analystenschätzung lag hier nur bei 1,8 Milliarden Dollar.
Trotz des höher als erwartet ausgefallenen Gewinns zeigte sich der Konzern am Dienstag zurückhaltend. Die im Vergleich zu früheren Zeiten geringeren Ölpreise seien nach wie vor eine erhebliche Herausforderung, erklärte Shell. Der Ausblick bleibe unsicher, so Shell-CEO Ben van Beurden.
Kontakt zum Autor: unternehmen.de@dowjones.com
DJG/DJN/kla/cln
Copyright (c) 2016 Dow Jones & Company, Inc. / Quelle: Guidants News http://news.guidants.com
Can Royal Dutch Shell plc Regain Its Mojo?
Royal Dutch Shell is making a big bet during an oil downturn. If it pays off, the company, and investors, could soon be flying high.
Reuben Gregg Brewer
(ReubenGBrewer)
Oct 31, 2016 at 1:18PM
Royal Dutch Shell plc (NYSE:RDS-B) is one of a small and elite group of energy giants, competing with companies such as Chevron (NYSE:CVX) and ExxonMobil (NYSE:XOM). While this group is often, and correctly, thought of collectively as oil companies, Shell is pushing hard in a slightly different direction. So if you, as an investor, are wondering if Royal Dutch Shell can regain its mojo, you need to frame the answer in a slightly different way than you might have just a couple of years ago.
A tough spell for energy
In mid-2014, oil prices hit the skids, falling precipitously and taking the top and bottom lines of the oil majors with it. For example, Shell's revenue fell roughly 37% between 2014 and 2015 and is tracking even lower so far this year even though oil prices are starting to stabilize. Earnings per share were hit even harder, declining nearly 90% between 2014 and 2015. Although that's in large part due to asset writedowns, you can see that the oil market's decline is taking a big bite out of Shell's results. And, as with the top line, earnings have remained relatively weak so far in 2016.
To be fair, this isn't much different from Shell's peers. Chevron's bottom line declined roughly 75% between 2014 and 2015. Worse, it's bled red ink for three consecutive quarters now. Exxon has held up better than most, with earnings falling "only" around 50% between 2014 and 2015. Results continue to trend lower in 2016, though it has managed to keep itself on the positive side, in terms of earnings. (Note, however, that unlike its peers, Exxon hasn't written down the value of any of its assets.)
Put simply, it's bad right now for the oil majors. And every single one of them has a mojo issue.
Growing during the oil downturn
But unlike most of its peers, Shell has made an aggressive bet on a different energy future. During oil's most difficult days, the company spent about $50 billion to acquire natural gas-focused BG Group. Essentially, Shell has doubled down on a bet that natural gas will be a growth engine in the energy space in the very near future.
Shell is betting big on natural gas. Image source: Royal Dutch Shell plc.
This is no small wager, either. Take a look at the two bar charts comparing Shell with its closest peers. The one on the left shows that, at this point, Shell is by far the largest player in the global liquefied natural gas trade. No other company comes close. And the chart on the right shows that Shell has more exposure than any of its peers to natural gas, with the closest competitor being ExxonMobil. In fact, oil and gas are roughly 50/50 weightings at Shell.
Oil is important for Shell, as it is for all of the other oil majors. But natural gas is equally important, something that can't be said for its peers.
Some mojo in the tank
From this perspective, for Shell to regain some of its lost luster, its oil business will have to rebound. But that won't be enough for the company to really get its mojo back. For that to happen, natural gas demand will have to play out as Shell expects.
There are some positives to look forward to here, though. For example, in the preceding bar chart, the International Energy Agency (IEA), a global organization that tracks energy use, predicts that demand for oil will fall slightly between 2013 and 2030. Natural gas demand, on the other hand, is projected to increase, partly because natural gas is a cleaner alternative to coal and oil in many applications.
Royal Dutch Shell's BG investment, a double-down on natural gas, is clear evidence that the company is looking to be on the right side of that equation. And if the future that both Shell and the IEA envision comes to pass, then Shell will be flexing some major mojo that its peers, at this point, won't be able to match.+
How Shell will get its groove back
If you're wondering whether Royal Dutch Shell can rebound to pre-crash days, you'll want to make sure you watch both the oil and the natural gas sides of the business. Each will play a pivotal part. That said, it's natural gas that will probably be the big determinant of the company's future success. And at this point, the signs appear to point to a future of positive mojo.
Reuben Brewer owns shares of ExxonMobil. The Motley Fool owns shares of ExxonMobil. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Royal Dutch Shell is making a big bet during an oil downturn. If it pays off, the company, and investors, could soon be flying high.
Reuben Gregg Brewer
(ReubenGBrewer)
Oct 31, 2016 at 1:18PM
Royal Dutch Shell plc (NYSE:RDS-B) is one of a small and elite group of energy giants, competing with companies such as Chevron (NYSE:CVX) and ExxonMobil (NYSE:XOM). While this group is often, and correctly, thought of collectively as oil companies, Shell is pushing hard in a slightly different direction. So if you, as an investor, are wondering if Royal Dutch Shell can regain its mojo, you need to frame the answer in a slightly different way than you might have just a couple of years ago.
A tough spell for energy
In mid-2014, oil prices hit the skids, falling precipitously and taking the top and bottom lines of the oil majors with it. For example, Shell's revenue fell roughly 37% between 2014 and 2015 and is tracking even lower so far this year even though oil prices are starting to stabilize. Earnings per share were hit even harder, declining nearly 90% between 2014 and 2015. Although that's in large part due to asset writedowns, you can see that the oil market's decline is taking a big bite out of Shell's results. And, as with the top line, earnings have remained relatively weak so far in 2016.
To be fair, this isn't much different from Shell's peers. Chevron's bottom line declined roughly 75% between 2014 and 2015. Worse, it's bled red ink for three consecutive quarters now. Exxon has held up better than most, with earnings falling "only" around 50% between 2014 and 2015. Results continue to trend lower in 2016, though it has managed to keep itself on the positive side, in terms of earnings. (Note, however, that unlike its peers, Exxon hasn't written down the value of any of its assets.)
Put simply, it's bad right now for the oil majors. And every single one of them has a mojo issue.
Growing during the oil downturn
But unlike most of its peers, Shell has made an aggressive bet on a different energy future. During oil's most difficult days, the company spent about $50 billion to acquire natural gas-focused BG Group. Essentially, Shell has doubled down on a bet that natural gas will be a growth engine in the energy space in the very near future.
Shell is betting big on natural gas. Image source: Royal Dutch Shell plc.
This is no small wager, either. Take a look at the two bar charts comparing Shell with its closest peers. The one on the left shows that, at this point, Shell is by far the largest player in the global liquefied natural gas trade. No other company comes close. And the chart on the right shows that Shell has more exposure than any of its peers to natural gas, with the closest competitor being ExxonMobil. In fact, oil and gas are roughly 50/50 weightings at Shell.
Oil is important for Shell, as it is for all of the other oil majors. But natural gas is equally important, something that can't be said for its peers.
Some mojo in the tank
From this perspective, for Shell to regain some of its lost luster, its oil business will have to rebound. But that won't be enough for the company to really get its mojo back. For that to happen, natural gas demand will have to play out as Shell expects.
There are some positives to look forward to here, though. For example, in the preceding bar chart, the International Energy Agency (IEA), a global organization that tracks energy use, predicts that demand for oil will fall slightly between 2013 and 2030. Natural gas demand, on the other hand, is projected to increase, partly because natural gas is a cleaner alternative to coal and oil in many applications.
Royal Dutch Shell's BG investment, a double-down on natural gas, is clear evidence that the company is looking to be on the right side of that equation. And if the future that both Shell and the IEA envision comes to pass, then Shell will be flexing some major mojo that its peers, at this point, won't be able to match.+
How Shell will get its groove back
If you're wondering whether Royal Dutch Shell can rebound to pre-crash days, you'll want to make sure you watch both the oil and the natural gas sides of the business. Each will play a pivotal part. That said, it's natural gas that will probably be the big determinant of the company's future success. And at this point, the signs appear to point to a future of positive mojo.
Reuben Brewer owns shares of ExxonMobil. The Motley Fool owns shares of ExxonMobil. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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